Updates

Topps Tiles - 160p rise in just two months

April 2004

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 incredible Topps Tiles growth story keeps getting better and better, with its latest trading statement indicating that like-for-likesales are over 20% ahead for the first 23 weeks of the year. Given thatthey were only 16% in the first 14 weeks the increase must have been inexcess of 30% in the subsequent nine weeks! Broker, KBC Peel Hunt, notes that gross margins also rose 1% as the benefits of extra scale led to better buying, while the new warehouse should deliver further gains, with gross margins set to smash through the 60% barrier before too long. KBC has upgraded its forecasts for the umpteenth time, with pretax profit expected to be Â£28m for earnings of 43.2p in the current year ending 31 M ...

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Topps Tiles - Shares hit new high of 132p (January 2014)

Topps Tiles - Top-slice some profits (November 2013)

Topps Tiles - Rising house market boosts shares (August 2013)

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Topps Tiles - Specialist tile retailer sees pick up in sales (July 2012)

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Topps Tiles - Underlying sales ahead 15% (November 2003)

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Topps Tiles - 160p rise in just two months

April 2004

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