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

The 3 days chart is showing a clear change of direction since yesterday morning early marked down, with support around the 90p

92.50 v 92.75 + 1.50 (+1.65%)

Slowly is improving on a higher volume than lately

Recent comments:
6th October 16 - Tempus Times said buy, looking cheap.
6th October 16 - Investors Chronicle buy again

Recently stock market research analysts have changed their consensus ratings and price targets on shares of Topps Tiles (LON:TPT).
The latest broker reports which are currently outstanding on Monday 10th of October
state
2 analysts have a rating of “strong buy”,
0 analysts “buy”,
1 analysts “neutral”,
0 analysts “sell”

Update

brokers: have targets of 125p 145p and 150p
Prospective PE: currently at 8.75
Yield : 3.80%

Candlestick pattern:
BULLISH PIERCING LINE

Some arly interest is getting the stock moving higher and following yesterday trend

94.675p +1.375p

The bounce goes on this morning as some steady buyers is pushing the price higher,
also to note the recovery on the charting front is more noticeable

Close bargain @ 93p for a little gain

tired of doing nothing and going nowhere, though the Housing market has well underperformed during that time

Peel Hunt today reaffirms its buy investment rating on Topps Tiles PLC (LON:TPT) and cut its price target to 140p (from 150p).

Severe dip after Banking crisis ~2008 and again with "Austerity" ~2012.... so I guess this present fall-off is the thoughts of Brexit ( Dip started mid 2016, IMHO). As folks fear Tiles won't be the most important purchase for a while.
Today 90p - ish.
EDIT ( 28Nov2017)- ~70p up from 68p earlier this month... maybe the worst is over?

StockMarketWire.com
Topps Tiles has warned that it expects adjusted pre-tax profits for the full year to come in at the lower end of the current range of market expectations.

"Whilst we have seen a moderate improvement in trading in our final quarter, market conditions remain challenging," the company said.

Full-year revenue is expected to be in the region of £211.6m, marking a 1.6% fall from the £215.0m booked in the previous year.

Like-for-like revenue decreased 2.9% on the prior year, Topps Tiles said, while like-for-like revenue in the fourth quarter decreased by 3.0%.

StockMarketWire.com
Topps Tiles booked a fall in first-half profit after UK consumers held back on big-ticket renovations.

Pre-tax profit fell 15.0% to £17.0m, as revenue fell 2.9% to £211.8m, in line with company guidance.

The company cut its final dividend by 8% to 2.30p.

In the first eight weeks of the new financial period, group revenues, stated on a like-for-like basis, increased by 3.2%.

"The business responded well to the more challenging trading conditions we experienced in 2017, maintaining tight control of costs to help offset the reduction in gross margin and continuing to make good progress with its strategic initiatives," chief executive Matthew Williams said.

"Trading in the first eight weeks of the new financial year has improved, with like-for-like sales increasing by 3.2%. While we are retaining our prudent view of market conditions for the year ahead, we are encouraged by this return to like-for-like sales growth."

"We are confident that the combination of the significant further potential in our strategy of "Out-specialising the Specialists" with our accelerated plan to grow in the commercial tile market will underpin our future success."

StockMarketWire.com
Topps Tiles said it achieved like-for-like revenue growth in the first quarter of 3.4%.

The growth rate represented a significant improvement on the previous year, when first-quarter like-for-like sales grew by just 0.3%.

The company said it ended the period with 371 stores, having closed a net one store during the quarter.

"The group has made an encouraging start to the new financial year," chief executive Matthew Williams said.

"We believe this represents an outperformance of the overall tile market in the period, reflecting the continued success of our strategy of "Out-specialising the Specialists" and some further measured investment in both our trade and retail offer during the period."

"Our expansion into the commercial market is also progressing to plan, with the first investments made in the Parkside business adding new capabilities and resource."

"While we are pleased with the like-for-like sales growth achieved in Q1, we are retaining our prudent view of market conditions for the year ahead.

4 April 2018



Topps Tiles Plc



H1 Trading Update

Trading

Topps Tiles Plc (the "Group"), the UK's largest tile specialist, announces a trading update for the 26 week period ending 31 March 2018. The Board will announce interim results for the period on 22 May 2018.

Total revenues for the 26 week period were £109.4 million (2017: £106.6 million).

Like-for-like revenues for the 26 week period increased by 0.6%.

The Group ended the period with 376 stores, having opened 5 and closed 3 stores during the first half.

Trading in the second quarter has seen a slow down from the levels reported in Q1, with like-for-like sales down by 2.2%. While we estimate that short term weather factors in late February and March, and the timing of an earlier Easter, account for around 1.6% of the second quarter like-for-like sales reduction, it is also clear that that there has been a softening of the underlying market. We believe that we have continued to outperform the market which we attribute to the execution of our strategy and continued strong promotional positioning.

StockMarketWire.com
Topps Tiles said its first-half profit slipped by a third after severe winter storms kept customers away and input and marketing costs rose.

Pre-tax profit fell by 33% to £6.4m, as revenue increased 3.7% to £110.5m.

Like-for-likes sales grew by 0.6%, reflecting strong first-quarter growth of 3.4%, offset by a 2.2% fall in the second quarter when the storms bit.

The company held its interim dividend steady at 1.1p per share.

In the first seven weeks of the second half, like-for-like sales were down 0.2%.

'While we are retaining a cautious view of market conditions for the remainder of the year, we remain confident in our ability to continue to extend our market leading position,' Topps Tiles said

StockMarketWire.com
Flooring retailer Topps Tiles said it expected to post a full-year profit ahead of market expectations after like-for-like sales improved in its fiscal fourth quarter.

Adjusted revenue for the year through 29 September was expected to rise moderately to £215m, up from £211.8m on-year.

Like-for-like revenue for the year was flat, though it improved by 1.2% in the final quarter.

'Trading over the fourth quarter has seen an improvement due to a combination of the continued effectiveness of our strategy and outperformance of our market,' Topps Tiles said.

'As a result, the board now expects adjusted pre-tax profits for the year will be slightly ahead of the top end of the current range of market expectations.'

'Looking ahead, the uncertainty in the UK economic outlook means we remain cautious and will be maintaining our focus on our industry leading gross margins, tight cost control and strong underlying cash generation.'

Liberum Capital today reaffirms its buy investment rating on Topps Tiles PLC (LON:TPT) and raised its price target to 95p (from 90p).

StockMarketWire.com
Topps Tiles said its sales had slipped in the first quarter amid a 'challenging market backdrop'.

Like-for-like sales for the 13 weeks through 29 December fell by 1.4%, the company said.

'Against a challenging market backdrop and a strong period of performance in the prior year we believe the business has performed robustly over the first quarter,' chief executive Matthew Williams said.

'We remain excited by both the opportunity for profitable growth that our expansion into commercial segment will bring and the continued opportunity to further strengthen our market leading position overall.'

Topps Tiles said it continued to make 'good progress' with its plans for commercial. For example, it had recruited an experienced salesforce and was evaluating opportunities to further strengthen the team.

'We are building an encouraging pipeline of future potential projects and are on track to open two new showrooms during the second quarter; bringing the total to four,' it said of the new commercial business.