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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Topps Tiles - Price target increased from 75p to 100p

July 2021

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:
  • 74p
The shares broke to new highs after results were ahead of forecast. For the six months ended March, pretax profit was £5.1m, a £2m beat. Q1 sales rose a staggering 19.9% like-for-like but Q2 fell 17.3% due to the third lockdown. While business rates relief provided support (£4.4m), Topps also generated underlying cost savings of £4.2m. Since the April re-opening, trading has been resurgent, with like-for-like sales up 16.8% against FY’19. Even better, the growth was driven by retail customers, which improved the gross margin mix. Encouragingly, turnover at the Commercial Division fell only 10% with management reducing dependence on hospitality & leisure from 40% to 10% divisional sales, while ...

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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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