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

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.



- Ends -

Looking very good

Climbing steady

Sold my holding

Topps Tiles has had a good year of it so far, having hit nearly 52p recently for a 12-month rise of around 60%. But the price has fallen back a bit in recent days, dropping 3.6% to 47.5p on the day of the firm's pre-close trading update today, even though it looked fine.

Apparently the fourth quarter was strong, and a full-year performance in line with forecasts is still expected -- suggesting a pre-tax profit of between £12.7m and £14m. There's a dividend of a little under 3% expected, which is not great, but the shares are on an undemanding price-to-earnings (P/E) ratio of under 10.

Gone long here bouncing along on short term rising moving average. Lower technicals look good aswel.

Trading update end of this month.

Reckon people buying new houses will help the company out.

sp spurt today?

CONVICTION BUY just placed on TPT......look at the Broker aswel..

15 Oct 2013 Topps Tiles PLC TPT Goldman Sachs Conviction Buy 84.88 85.00 115.00 160.00

SP TARGET almost double what it is now. 160p

final results 26th November 2013

From yesterday :- Final Result

Cantor Fitzgerald Sell 114.38 - 82.00 Downgrades

Goldman Sachs Conviction Buy 120.13 160.00 200.00 Reiterates

06 Dec 2013 Topps Tiles PLC TPT Liberum Capital Buy 127.88 127.50 - - Reiterates

TPT tipped as a buy in the SundayTimes ahead of Tues trading update. Librum 160p target, G.Sachs 200p target

Inside the City: Topps Tiles floors it

NOT every retailer has been upended by the internet. Topps Tiles, Britain’s biggest flooring specialist, is comfortingly old school.

Indeed, only 1% of its sales come from web-only shoppers. Most use the website but buy in-store — after all, how many people are going to splash out hundreds of pounds on prestige stone cappuccino marble without seeing it in person?

Yet its dependence on the high street didn’t stop Topps from having a barnstorming 2013. Its shares surged more than 130%, closing on Friday at 121½p, valuing the company at more than £233m. Sales increased, if only slightly, for the first time in six years.
The question is, can Topps keep its resurgence going? I say yes. We’ll get a good indication on Tuesday when the company reveals how it traded in its first quarter, which covers the final three months of 2013.

No other retail sector is as closely correlated to the housing market as flooring — the main reason why the last few years have been so lean.

Unless you have been living under a rock, you will know that the housing market has been jolted back into life. Last week Nationwide reported that prices surged 8.4% in 2013 thanks to the government’s Help to Buy financial doping programme. The research firm IHS Global Insight predicts another 8% jump this year.

The Bank of England may be forced to raise interest rates sooner than it envisaged given the gathering pace of the recovery, but that is still likely to be many months away, at least.

The housing boom thus looks set to continue, and Topps is primed to benefit. The broker Liberum Capital has set a price target of 160p — or about 30% above today’s figure.

The logic appears sound. Back in the good old days of 2007, Topps raked in earnings of £44m from 301 stores. The performance then fell steadily until last year’s slight improvement to £15.6m, generated from a larger estate of 328 shops.

There is no reason to think the company cannot inch back towards its pre-crisis health. The chief executive, Matthew Williams, has kept tight control of costs and expanded sensibly. Topps has opened 79 stores in the past five years but closed more than 50, to make sure it has the best locations. Its market share has grown.

The company may not be able to get all the way back to the chunky margins of its heyday, but if it comes close, this will show through in profits — and the share price. Buy.

www.thesundaytimes.co.uk/sto/business/Companies/article1359024.ece