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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Topps Tiles - Like-for-like sales up 6.3%

August 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TPT
  • Price:
  • 101p
The boom in housing transactions continues to benefit specialist tile retailer Topps, which has reported a strong third quarter with like-for-like sales increasing 6.3% (2013: decrease 1.3%). That’s in line with expectations. The group currently trades from 330 stores. CEO Matthew Williams noted that Topps continues to trade ahead of the overall tile market and whilst consumer sentiment is favourable he puts this down to its authoritative product range, outstanding service, multi channel convenience and value for money. Tipped at 51p in January ‘13, the shares have gained 98%. Keep holding. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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