The trading statement announced a slowing of sales growth,margins are under pressure as B&Q and Carpetright have entered the market recently depriving them of their semi monopoly, it has a ridulously high price earnings ratio, the graphics are now very negative after its pre Christmas spurt, retail spending on discretionery items is gone negative (witness cars). The respected Investors Chronicle is very bearish on them.

Thanks for reply Stockdog!

It looks as if others agree with your prediction, i.e 245p+

Unfortunately I bought higher than that so I'm hoping it'll re-test the 265p+ sometime in the next few months.
I had many sleepless nights when it hit 156p back in October but I knew the Company and its fundamentals were good so didn't panic!!

Extract from " UK-ANALYST.com":

Evolution's retail guru Nick Bubb said that he had high hopes for DSG International, Topps Tiles and Jessops this year. Bubb argued that the perception that the recent gloom about the retail sector had been overdone would attract bargain hunters and more trade/private equity bids. The broker upped his target on DSG to 180p from 167p and maintained his "add" stance. The shares lost 4p to 166.75p. Jessops target was hiked to 120p from 110p, with an "buy" rating. The shares rose 3.75p to 98.25p. Topps Tiles target was raised to 245p from 220p and the broker maintained an "add" rating. The shares fell 0.75p to 212.25p. Bubb argued that the area which interested him most was the sector that was hit the hardest in 2005, namely the big-ticket household goods retailers.

Maybe it's time I re-named this thread "Time to BUY Topps Tiles" !

Here's to good results next week...good luck.

Oddie