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TPT Topps Tiles Plc

41.20
-1.05 (-2.49%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Topps Tiles Plc LSE:TPT London Ordinary Share GB00B18P5K83 ORD 3 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.05 -2.49% 41.20 78,587 16:27:18
Bid Price Offer Price High Price Low Price Open Price
41.20 44.00 41.20 41.20 41.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Floor Covering Stores 262.71M 3.21M 0.0163 25.28 80.97M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:17 UT 31,963 41.20 GBX

Topps Tiles (TPT) Latest News

Topps Tiles (TPT) Discussions and Chat

Topps Tiles (TPT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:1741.2031,96313,168.76UT
15:27:1841.2017170.45AT
15:27:1841.2019580.34AT
15:16:1341.1015,0006,165.00O
15:12:2641.1010041.10O

Topps Tiles (TPT) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Topps Tiles Daily Update
Topps Tiles Plc is listed in the Floor Covering Stores sector of the London Stock Exchange with ticker TPT. The last closing price for Topps Tiles was 42.25p.
Topps Tiles currently has 196,538,843 shares in issue. The market capitalisation of Topps Tiles is £80,974,003.
Topps Tiles has a price to earnings ratio (PE ratio) of 25.28.
This morning TPT shares opened at 41.20p
Posted at 18/4/2024 18:30 by mongi123
And downward it goes. Another one of their branches gone. I reckon 25p. A share is looming as no improvement in sales in sight.
Posted at 12/1/2024 18:25 by wad collector
First fortnight in January , everywhere is quiet, not sure TPT any quieter than Travis Perkins or other merchants. Mind you it does seem VERY quiet.
Posted at 28/11/2023 11:41 by makinbuks
Results don't make great reading, dividend uncovered now and bleak trading statement for new year. The upside I guess is that they are well placed to take market share from less strong competitors in this weak macro phase of the cycle.

Concrete evidence here for the Governor of the BOE
Posted at 20/10/2023 09:58 by makinbuks
Housebuilders and building trade suppliers are out of favour. 2024 is going to be tougher than 2023. But this is a solid business gaining significant market share. Cash on the balance sheet, cash generative and excellent dividend. Patience required for a re-rating. A PE of 9 in this macro environment is about right
Posted at 02/10/2023 17:53 by mongi123
Doubt if it will make any difference to the share prices. If they've done poorly the share prices more likely to crash. But if they in profit. Share price will still dip.
Posted at 28/6/2023 11:49 by tenapen
I agree about thier prices and how the price of a length of black box trim can rise in price from c£15 to £20 per length when they know they are the only supplier and you need it. Detest that brand.

But they do have a great range of tiles not matched by CTD and the rest.

IMHO
Posted at 05/4/2023 14:41 by kalai1
Topps Tiles plc issued a trading update for the 26-week period ended 1 April 2023. Having reported record years for revenue in both 2021 and 2022, the Group delivered a record period in HY1 with revenues of £130.5 million up 9.5% higher on the prior year. Omnichannel Like-for-like sales over the first half were up 4.3% with Sales per store in the first half 30% higher than in the pre-pandemic period of FY19. Management still expect Group profitability to be weighted towards the second half and also have confidence that the Group will deliver its market share goal of '1 in 5 by 2025' ahead of schedule. Valuation is decent with forward PE ratio around 10x, dividend yield at over 7.8% is outright attractive. The balance sheet does have a fair amount of debt, gearing ratios are high. The share price also lacks momentum. TPT is a solid speciality retailer at an attractive price, but looks to be a share to monitor for the time being...

...from WealthOracle
Posted at 02/4/2023 20:00 by tole
https://www.fool.co.uk/2023/04/02/2-penny-shares-i-like-to-supercharge-my-new-isa-year/Record revenue on the booksTopps Tiles (LSE:TPT) is a well-known tile retailer in the UK. With a market-cap of £91m and a share price of 47p, it ticks the boxes for a penny stock. Over the past year, the share price has fallen by 15%The business has dealt with some problems in the past 12 months. This included a rather public spat with a large shareholder, MS Galleon. Topps Tiles urged others to vote against the plan to oust the current chairman, and said MS Galleon had a conflict of interest in potentially launching a rival tile brand.High inflation has also caused a headwind for the company, but the 2022 annual report showed how cost savings and store reductions have compensated to keep costs under control.In fact, last year was the second consecutive record year for revenue at the business. Adjusted profit before tax increased by 4% from last year, to hit £15.6m. If it has another record year in 2023, I feel it's only a matter of time before people start noticing and buying the stock, pushing it much higher.Further, I think it has all the hallmarks of being a good defensive stock. This could come in handy if the UK economy sours later this year.
Posted at 21/12/2022 10:35 by wad collector
XD Tomorrow 2.6p which of course is 5% of current share price ; worth having!

From Bearbull on IC last week;

When activist shareholders go to war with a target company there is usually entertainment to be had (though probably not for the directors of the target) and often money to be made for investors. However, it may be a first when the activist says to the target, 'buy more of our products or else the chairman gets it in the neck'.

In a nutshell – and with just a little caricature – that is what’s happening at tiles retailer Topps Tiles (TPT). It faces a call to sack its chairman, appoint two of the activist’s nominees to the board and, in effect, to buy lots and lots more stuff from a Polish bathroom-equipment maker that the activist just happens to own. The activist is MS Galleon, a Vienna-based investor that seems to focus on Polish companies, and which has built a stake in Topps fractionally short of the 30 per cent threshold that would trigger a mandatory bid.

Galleon began building its stake in Topps in 2020. During 2021 – by which time its holding had risen to 20 per cent – Galleon suggested that the proportion of inventory Topps sourced from Cersanit, the Polish bathrooms specialist, should be about the same as its stake in Topps. That was an interesting – and even challenging – symmetry since, at that time, Topps sourced just 0.5 per cent of its stock from Cersanit, which in the 2020-21 financial year would have had a retail value of about £1mn. Even to raise that proportion to 20 per cent would be the equivalent of buying about £46mnn-worth of goods – great for the Polish end of the deal, not necessarily so good for the UK end.

Indeed, Topps’ bosses point out that the company’s internal rules forbid it from sourcing more than 10 per cent of inventories from one supplier – a sensible precaution. It adds that the activist’s proposals present a clear conflict of interest. On the one hand, the activist wants its Polish subsidiary to be a major supplier to Topps; on the other, if the activist gets its own people on Topps’ board, it would not be possible for them to act in the best interests of all shareholders.

Maybe it’s not that simple. It is permissible for a company’s directors to have conflicting interests so long as that is made clear and so long as it does not influence the company’s decision-making. Yet achieving that in practice is harder than in theory, especially in this case where the activist’s equity stake is so influential and its demands so obviously self-interested.

All that said, however, Galleon, the activist, has a point. All has not been well at Topps for some years and the decline – if decline it is – coincides quite neatly with the tenure of Topps’ chairman, Darren Shapland. Since he took the chair in February 2015, Topps' shares have lost 60 per cent of their value and have dropped 63 per cent relative to the FTSE All-Share index. True, much has happened in the intervening years that has been bad for retailers, particularly those with a limited online presence, such as Topps; and Shapland has never held an executive position at Topps. Even so, more influence might have been expected from a chairman whose CV in retailing was as impressive as Shapland’s. It peaked when he was finance director at J Sainsbury (SBRY) in the 2000s and subsequently included a short spell as chief executive of Lord Phil Harris’s Carpetland where he had earlier been the finance director.

Galleon seems keen to contrast Topps’ performance and share rating with Victorian Plumbing (VIC). Topps appears to come off second best. However, the comparison isn’t necessarily fair. Both companies make a living selling tiles and related stuff, but Victorian Plumbing is exclusively an online retailer while Topps is mostly the bricks-and-mortar variety. Consequently, it is to be expected that Topps’ measures of profitability and efficiency would be inferior since the online retailer, assuming it has built up a critical mass of sales, can happily run on lower overheads.

No matter. When shares in Topps were most recently in the Bearbull Income Portfolio (they were sold at 49p in mid-2020 as Covid bit and the dividend was axed) there was no shortage of value in relation to their price. I suspect it is much the same today, except the dividend has been restored; at the current 51p share price it yields 7.1 per cent, although that implies Topps is over-distributing. Even so, ahead of the fun and games at January’s annual meeting, Topps' shares may well be worth a punt, especially as the 2.6p final dividend is in the price until 22 December.
Posted at 07/12/2022 11:44 by fevertreeman
Certainly looks like the BoD is going to resist this fiercely, and will probably be supported by insitutional shareholders. This has effecttively gone hostile, so Galleon has 3 options if they dont get the requisition numbers they need
(1) Make full bid (2) Sell down their stake. (3) Hold onto stake Share price seems to be suggesting 2 or 3 hence the share price drop because that would be a big overhang on teh share price. If it were going to be bid for, the share price would be reflecting that methinsk...time will tell
Topps Tiles share price data is direct from the London Stock Exchange

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