image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Topps Tiles

December 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:
  • 105p
In its pre-close update covering the year to end September, Topps announced revenues will be £195m (2013: £177.8m) or up c.8% on a like-for-like basis. As a result pretax profit is expected to increase 30% to £17m.Topps has benefited from a stronger housing market, with transactions tracking over 20% ahead year on year since March. Given the more positive outlook Peel Hunt believes it could rebuild operating profit margins back to 15%+ over time, which is broadly double current profits. Even this could be conservative as Topps’ margins were 15-20% between 2003-2006 and peaked at 23%.The broker is forecasting eps of 6.8p for the year ended September ’14, rising to 7.5p this year and 8.3p in &rsquo ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW