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

Wow thats a bad chart glad I sold out now I had a lucky escape.

A bargain 10p.

Nice to see Brokers giving BUY recos in last couple of days....

Topps Tiles PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
18-05-09 BUY 10.13 4.11 11.47 4.66

Singer Capital Markets Ltd
18-05-09 BUY 9.00 3.60 9.30 3.70 1.90

smashed the KBC P H pre tax forecast by a mile.

Our current forecast PBT for Topps Tiles, of 10.1m for the full year and 5.7m for the six months to 31 March 2009, .............Adjusted they have done 7.5m pbt.

Plus debt under contol and have an eye on competitors going under.

Excelent results given the turmoil of the markets.

bullish analysis from Pro TAer Zak Mir across the road....

Zak Mir



Reged: 28/06/07
Posts: 834
Re: Topps Tiles.
#447051 - 27/05/09 07:13 AM Edit Reply Quote



Yet another stock with a May 50 / 200 day moving average golden cross, something which implies that above the 10 day moving average at 64p we could hit a line of resistance from March to 85p in coming weeks.

up 12.5% now @ 73

Long may it continue, as a long term holder and frequent topper upper @ a variety of prices this is good news, but there's some way to go before I am back in profit.
2517

Are we reading news from different companies?

The profit is terrible - and I see no improvement in housing, even if all the B2L properties were destroyed tomorrow . . . . like cars, there is an oversupply of property in the UK .. . . . Mortgages are tight and the likelyhood is that few will be spending money on their houses, unless the bathroon suddenly melts in the warm weather.
The sp should be sub-40p IMHO, as the prospects here are pretty dire.

Good luck, let's hope I'm wrong, eh.

hangon---------I agree the basic results look poor, albeit better than the city was expecting, which in some part is probably responsible for the rise along with the debt being reduced, and the tone of management re benefitting from weaker co's going out of business. Just a few months ago it was being bandied about that TPT could be a casualty, so in that context these were good imo.
2517

Profits warning & broker note from Shore Capital:
"Topps Tiles last reported Q1 LFL sales up 5.5% for the 14 weeks to 25th December and today has reported H1 LFL sales up 2.1% for the 27 weeks to April 3. This implies LFL sales were down 1.6% for the remainder of the period and have stalled. Like Carpetright and the DIY players, this confirms that hard-line retailers have seen more difficult trading conditions post Christmas whereas the clothing sector has been robust. Obviously the weather would not have helped in January, but in keeping with its peers, sales appear to have failed to pick up since.
Gross margin and costs on-track Management has confirmed it is still happy with its previous guidance on both gross margin and operating costs. The general promotional environment has been steady throughout the period. It expects H1 gross margin to be mid 58% and H2 gross margin high 58%. On the cost side, Topps Tiles is still quiet on the advertising front (it saved �3.5m last year when it cut its advertising right back) and given the subdued sales line, higher staffing levels have not been needed yet. 2010 PBT downgraded by 20% Due to weaker sales, we have cut our September 2010F PBT by 15% to �17.1m. This assumed flat H2 LFL sales growth. We are forecasting year end net debt of �51m, down from �76m at the end of September 2009, helped by its �12m capital raising last November and internal cash generation. Given the lower base, we have cut our 2011F PBT by 15% to �20.4m which assumes 2% LFL sales growth."

Back in on this a couple weeks ago and already breaking higher. Not sure what was driving it today unless it was the bullish UK data out??

Topps Tiles looks to be staging some kind of recovery over the last few days. One to keep an eye on..........



Look at the lower indicators just turning positive.

Might be against the market in general but also might be worth the risk so Ive had a few earlier on today.

Topps Tiles flags 4% rise in Q4 like-for-like revenue

StockMarketWire.com

Turning the tide hopefully here following recent retracement. Time to retest the highs after very encouraging results.

Oversold today.?

One of the few risers today.

buying nerw tiles for your bathroom is pretty low down on most folks list, esp at this time of year - then in Spring they think about summer hols.

This stock has been here before 2008 DYOR - and is probably good for the yield.
I don't hold.

I've bought a few at nearly 20p

Moving upwards and chart looks good.

Quarterly update on Wednesday - Topps Tiles, the tiles and flooring specialist which reported its interim results in May, it was named by Peel Hunt a few weeks ago as its top pick of potential recovery stocks: "In a sector not lacking in companies looking for recovery, Topps offers a stable balance sheet, no risk of internet disintermediation and a business that has continued to build market share

For many, the fortunes of Topps Tiles serves as a proxy for consumer confidence in general and the housing market in particular.
Homeowners’ propensity to re-tile their bathrooms is a fairly good indicator of disposable income and housing transactions.

In May, Topps said trading had improved markedly in the first seven weeks of its third quarter, up 4.5pc on a like-for-like basis.

The company would be thrilled if it could report that it had maintained this level of sales growth, despite there being precious few signs of an improvement in the consumer economy.

Interim Management Statement
RNS
RNS Number : 8067G
Topps Tiles PLC
04 July 2012







4th July 2012







Topps Tiles Plc



Interim Management Statement





Topps Tiles Plc (the "Company"), the UK's largest tile specialist, reports on trading for the 13 weeks ended 30th June 2012.




Like-for-like revenues across the full 13 weeks of the third quarter have increased by 2.1% (2011: down 1.9%).



The result for the third quarter is in line with management's expectations and, as we enter our final financial quarter, we remain comfortable with market expectations for the year as a whole1.



During the quarter we opened three new stores and are currently trading from a total of 322 UK stores. We continue to target a total of 325 stores for the year end.



There have been no significant or unexpected changes in the financial position of the Group since the publication of the Interim Report for the half year ended 30th March 2012.





1 The current range of analysts' estimates for adjusted pre-tax profit for the year ended 30 September 2012 is £11.5m to £14.0m, with a consensus of £13.0m.



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