Updates

Topps Tiles - Strong outlook

July 2016

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.

The High Street may be patchy ahead of the EU vote but consumers are still alighting on tiles specialist Topps, which released strong interims and a cheerful outlook, spiking the shares up to 171p.Sales were up 4% to £108m and pretax profit rose 13% to £10.3m. Gross margin rising 0.8% to 61.7% is another highlight, as is a rise in like-for-like sales of 8.4% over the 7 weeks to 21 May, impressive given last year’s strong comparables (H1 15: increase of 6.3%).Management have alighted on a strategy of “out specialising the specialists” with multiple initiatives to strengthen Topps as the number one UK specialist player including a development of exclusive ranges / brands. Over 50 new tile ranges we ...

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Topps Tiles - Mortgage approvals rise (January 2013)

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Topps Tiles - Underlying sales turn sharply positive (January 2011)

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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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Topps Tiles - Strong outlook

July 2016

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