Stockdog,

What do you think of the latest results??

I thought they were ok. Quite positive outlook from the Company!!
The retail sector seems to be improving. Like-for-like sales figures still down from '04 but then again that was going to be very difficult as 2004 was an exceptional year!
One point is that as long as nothing nasty happens in the High street, the next set of results can only look positive compared with 2005...!

The Gross margin is improving which is important + store openings are going ahead as planned so maybe 2006 will be a great year for Topps Tiles!
.....and as was hinted in the press, Topps Tiles might well become a Takeover Target within 12 months.

If that's the case, what's a reasonable Takeout price in your opinion?? 3-3.50?

Thanks for replying.

Oddie

Trading Statement

Pre-close period Trading Update



Topps Tiles Plc (the "Group"), the UK's largest tile specialist, reports a trading update for the 26 week period ending 28 March 2015, prior to entering its close period. The Board will announce interim results for the period on 19 May 2015.

Total revenues for the 26 week period will be circa £104 million (2014: £97.7 million), a 6.4% increase year on year. Like-for-like revenues for the 26 week period will have increased by circa 5.2% (2013: up 10.2%).

Matthew Williams, Chief Executive Officer, said: "I am pleased to report that trading has been encouraging and we have delivered a like-for-like sales increase of 5.2% for the first half of our financial year. These trading results compare to a particularly strong period in the prior year and reflect a two year like-for-like growth in excess of 15%. Looking ahead, while experience tells us that the forthcoming UK general election may add some short term uncertainty to trading patterns, rising levels of disposable income should support increased consumer spending on home improvements. The Group is well positioned to continue to grow market share as we accelerate our plans to extend the appeal of the Topps brand."

The Group is currently trading from a total of 339 stores.



- Ends -

StockMarketWire.com
Topps Tiles, the UK's largest tile specialist, has reported that in the 13 weeks ended 27 June 2015 like-for-like revenues for the quarter increased by 5.9% (2014: increase of 6.3%), reflecting continued growth in market share.

The company said it continued to make good progress and management remains comfortable with current market expectations for the year as a whole.

Matthew Williams, chief executive officer, said: "Trading in the third quarter has been encouraging, with like for like sales growth at 5.9%, building on the positive trend we reported for the first half.

"With our plans to extend the appeal of the Topps brand well underway, we remain well-positioned to continue to grow our market share in the remainder of the year."

Topps Tiles Plc reports on trading for the 53 week period ending 3 October 2015.

Trading
Revenues for the 53 week period are expected to be in the region of £212 million (2014: £195.2 million over 52 weeks). Like-for-like revenues are expected to show an increase of c.5.3% on the prior year (2014: +8.1%), reflecting continued growth in market share. On a two year basis LFL sales have grown by c.14%.

Management remain comfortable with current market estimates for adjusted pre-tax profits for the year.

Strategic Progress
We continue to make good progress with our strategy of out-specialising the specialist, with specific initiatives in the period including:

· Inspiration - further development of our industry leading online "visualiser"; and plans in place for a roll-out of new merchandising treatments across the existing store estate during the year ahead following a successful trial in our latest lab store in Worcester.

· Range - in the last quarter 17 new ranges have been launched, with a focus on collaborative, exclusive innovations with leading manufacturers. Recent own brand developments have included a complete tile care range, and a unique new tile range, "Regional Reflections", which replicates natural stone from around the UK.

· Convenience - we opened 3 new core stores and 2 Boutiques in the fourth quarter. We are currently trading from 348 stores, including 13 Boutique stores, and expect to finish the year with 348 stores in total (2014: 335).

Matthew Williams, Chief Executive Officer, said: "I am pleased to report that Topps will complete a successful year, with good growth in profits and a record level of turnover, both of which are directly attributable to our strategy of out-specialising the specialist.

"As a result of this, we are confident of hitting our one third market share goal* by the end of this year and are well advanced on developing our next strategic goal for the organisation."

StockMarketWire.com
Topps Tiles has improved its FY pretax profit to GBP17m, from GBP16.7m. Revenue was up to GBP212.2m, from GBP195.2m. Its final dividend was 2.25p a share, taking the total to 3p, from 2.25p.

The group, which was now trading from 346 stores, said in the first eight weeks of the new FY like-for-like revenues were up 3.3%, against 5.8%.

CEO Matthew Williams commented on the results:
"Topps delivered a strong performance for the year, with our focus on convenience, inspiration and range driving sales to a new record and enabling us to hit our strategic goal of a one third share of the domestic tile market a year ahead of schedule," he said.

"Our strategy of 'Out-Specialising the Specialists' continues to be very effective and will remain at the heart of what we do as we seek to build on these foundations and target further profitable sales growth.

"We have made an encouraging start to the new financial year, with like for likes sales in the first eight weeks ahead by 3.3%, in line with our expectations. The Group has entered the period in good shape and with a clear purpose, and we remain energised by the multiple growth opportunities open to the business in the years ahead."

StockMarketWire.com
Topps Tiles said like-for-like revenues for the first 13 weeks of the current financial year, also known as Q1, were up 4.4%, versus a rise of 5.2% at the same time a year ago.

Topps ended the quarter with a total of 340 stores.

STRATEGIC PROGRESS
Topps Tiles continued to make good progress with its strategy of "Out-Specialising the Specialists", with specific initiatives in the period including:

Inspiration - during the period Topps completed its second "lab store" in Shoreditch, which features a range of new display & merchandising treatments. In addition, its industry-leading visualiser was further upgraded during the period with extra room settings and new personalised functionality.

Range - during the quarter Topps launched 17 new ranges, with sales from lines launched in the last 12 months accounting for 8.9% of sales.

Convenience - in the core estate the company opened two and closed two stores during the quarter. The Group is currently trading from 340 stores, including 13 Boutique stores (2014: 336 stores including five Boutique stores).

In addition, the Group has now concluded the two previously announced initiatives to streamline its business.

During the period seven Clearance stores have been closed and four remaining stores are currently being converted to our core format. In addition, all Group support functions have been consolidated into our main office in Leicester.

StockMarketWire.com
Topps Tiles said its total revenues for the 26 weeks to April 2 came in at GBP108m, from GBP104m. Like-for-like revenues in the same period were up 4.7%.

CEO Matthew Williams said:
"I am pleased to report that the Group has continued its encouraging trading performance, with like-for-like sales growth accelerating to 4.9% in the second quarter.

"Our strategy of 'Out-Specialising the Specialists' is continuing to deliver profitable sales growth and we enter the second half of our financial year in good shape, confident that our plans to extend the appeal of the Topps brand will underpin our further progress."

StockMarketWire.com
Topps Tiles has hiked its H1 pretax profit to GBP10.1m, from GBP9.1m, at the same time lifting revenue to GBP108m, from GBP104m, and interim dividend to 1p a share, from 0.75p.

CEO Matthew Williams described the performance as robust.
"Like-for-like sales grew by 4.7% in the period as initiatives to upgrade and rebrand our stores led more customers to reappraise the Topps brand and shop with us for the first time," he said.

"Further improvements are in development and will be rolled-out in the remainder of the year and beyond.

"The Group has made a strong start to the second half, with like-for-like sales growth of 8.4%5 in the first seven weeks of the period.

"We are confident our plans to extend the appeal of the Topps brand have significant further potential and are excited about the opportunities ahead."

HIGHLIGHTS:
- Successful strategy of "Out Specialising the Specialists" delivers profitable sales growth

- Multiple initiatives to strengthen Topps' position as the UK's leading tile specialist including development of exclusive ranges/brands, product innovation and exit from non-tile lines

- Two key simplification initiatives announced at year end - exit from the Topps Clearance format and consolidation of central teams into our main office in Leicester - now complete

- Seven new core stores opened (four new sites and three conversions from the Topps Clearance format), offset by nine closures (eight from the exit of the Topps Clearance format)

- Trade sales increased to 51.0% of total (2015: 48.3%) driven by accelerating "do it for me" trend and extension of successful trade loyalty scheme.

KEEP an EYE

99.75p ( 99.50 - 100p )

Signs of moving higher ahead of results soon. Has been well marked done after the Brexit and has not yet recovered like the House builders. Last update was bullish with revenue up by 6.2% the best for some time. Strong order book on the bid side and volume rising for the last couple days.

note: bought some at 100 and a bit

Six days old but worth remembering:
"Peel Hunt today reaffirms its buy investment rating on Topps Tiles PLC (LON:TPT) and cut its price target to 150p (from 190p)."

"Cantor Fitzgerald today reaffirms its buy investment rating on Topps Tiles PLC (LON:TPT) and cut its price target to 145p (from 160p)."

Last post from Directors Talk ...........

Topps Tiles plc (TPT) offers good value for money

Shares in Topps Tiles (LSE:TPT) released a third quarter trading update. That’s despite the company reporting like-for-like (LFL) sales growth of 6.2% for the period as its strategy continues to pay off. For example, Topps Tiles has focused on improving its range, offering more inspirational products through its digital brochure service as well as expanding its store estate through the opening of six new stores during the quarter.

With the company trading on a price-to-earnings growth (PEG) ratio of 1.1, it offers good value for money.

Matthew Williams, chief executive, also put the performance down to efforts to attract new customers. Topps Tiles has been widening its ranges to include more wood- and stone-effect tiles, and introduced new services such as a “personalised digital brochure”.

“Our focus on the successful strategy of ‘out-specialising the specialists’ has enabled us to deliver healthy like-for-like sales growth in the third quarter, with initiatives to extend the appeal of the Topps brand continuing to attract new customers,” said Mr Williams.

Analysts said Topps Tiles had outperformed against a tough comparative. “Performance at Topps continues to be driven by self-help in the form of range innovation, customer service and improvements to the retail format rather than the underlying consumer environment, allowing Topps to put clear ground between itself and the competition, taking further market share,” said John Stevenson at Peel Hunt.
Shares in Topps Tiles — which have dropped more than 30 per cent since the eve of the UK’s EU referendum

Finally, the sp starts to move on quite heavy volume.

It seems the seller is done ( large trades ) and the share price is moving higher as predicted

Went ex-divi 9th June, so nothing now to halt the progress.

British bulls late yesterday.......

TOPPS TILES
Last Signal:BUY
Last Pattern:BULLISH HARAMI
Last Close:103.2500 Change:+3.7500 Percent change+3.77%

Signal Update Our system’s recommendation today is to BUY.
The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level

ANALYST CONSENSUS TPT/ TOPPS TILES BUY
Target price 156.85P
Potential +50.10%

According to our calculations Topps Tiles plc is currently rated as BUY.

TOPPS TILES PROFILE
Topps Tiles PLC is a United Kingdom-based retailer of tiles. The Company's business focuses on wood flooring, and supplies tiles and associated accessories for refurbishment of domestic housing. Its principal activity includes the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products.

Its products include bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and tools and essentials. The Company offers Regional Reflections, which includes ceramic tiles, such as Dwyran, Langport, Annan, Lowick, Cottesmore and Ashington. It offers tiles in various sizes, colors and material.

It also offers tiles in various tile effects, such as wood effect tiles, stone effect tiles, hexagonal tiles and geometric tiles. Its color range includes beige tiles, blue tiles, pink tiles, terracotta tiles and multicolored tiles. Its tools and essentials include trims, grout and cutters.

BRIEF: For the 26 weeks ended 02 April 2016, Topps Tiles Plc revenues increased 4% to L108M. Net income increased 13% to L8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Finance costs decrease of 47% to L597K (expense), Sales and marketing costs decrease of 10% to L2.6M (expense). Dividend per share remained flat at L0.01.

Full year trading statement is due on the 5th Sept 2016.

108.75p +4.75p (+4.57%)

Just now is spiking up on stronger order book ,DEPTH of 21 v 17 on good size volume 500K+ for 30 minutes of trading

Yes looking strong I'm on these from 103

Hmmmm....I wonder if 130p is achievable, or is that being a bit greedy?

Investors Chronicle Pick up a bargain with Topps Tiles (TPT)

http://www.directorstalk.com/investors-chronicle-pick-bargain-topps-tiles-tpt/