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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Topps Tiles - Specialist tile firm offers excellent recovery potential

December 2009

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:
  • 92.5p
With the housing market showing life once more, we thought it may be worth taking a look at Topps Tiles. For those lucky enough to buy its shares at the time of the float in June 1997 and have the presence of mind to sell them at their peak almost ten years later, the gain would have been an incredible 14-fold. However, life for Topps, which has grown into the UK's largest specialist tiles retailer, has been anything but plain sailing since then with the shares cratering from a record high of 310p in April 2007 to bottom out at 15p last January. While the credit crunch has clearly been to blame for much of this, Topps' wounds were also self inflicted as it was seduced into taking on more than £120m of debt at the height of the boom in o ...

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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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