Updates

Topps Tiles - Gain reaches 408%

January 2005

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.

News of another outstanding trading performance from Topps Tiles hastriggered a 31% rise in the shares since November to a new high of 242p. As telegraphed in its pre-close trading statement, pretax profit for the 53 weeks ending 2 October rose 79% to Â£33.8m, while earnings increased 95% to 11.3p and this momentum has continued with like-for-like sales up 16% in the first seven weeks of the new year. Despite spending Â£8.6m to buy back shares and a record Â£11.5m on capex,it still increased net cash balances by Â£8m to just over Â£23m. Someof the financial statistics are astonishing. For example, operating margins increased nearly a third from 15.5% to 20.4%, driven mainly by the operational leverage gained fro ...

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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 - Gain reaches 408%

January 2005

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