oddie
- 10 Jan 2006 10:28
Taken from ADVFN MORNING MARKET NEWS on 10 January 06:
"Among the mid-caps, Topps Tiles took on 9 at 223 after issuing an in-line trading update. Overall sales were up 1 pct in the first 13 weeks of the current financial year, though like-for-like sales were down 4.4 pct.
Dresdner Kleinwort Wasserstein, subsequently, reiterated its 'buy' recommendation.
It said tough retail and housing markets are exerting "considerable pressure", but pointed out that comparatives ease sharply and estimates look sensibly based. It said prospects are underpinned by a high return model, five years of store growth potential and a robust competitive position. "
Time to BUY and hold TOPPS Tiles for 2006.
Price now: 2.23
Short term target: 2.50+
Back to previous highs - 2.75 by next results in June.
Here's to a great year!
Oddie
queen1
- 10 Jan 2006 10:49
- 2 of 2
Couldn't agree more Oddie. And good dividends too. Much better title for the thread as well - well done!