AGA Rangemaster Share Discussion Threads

[cockneyrebel] 05/1/2014 18:00

TPT tipped in the S.Times today but I'd say the same reasoning applies to AGA too - worth a read imo:

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

[paul_butcher1999] 05/1/2014 17:26

Mark your analogy with lafite is absurd. But I was making a more general point rather than just/ mainly applying to Aga. Real risk too for aga though same as for any other company.

[cockneyrebel] 03/1/2014 14:02

On the up again after that 328K trade.

CR

[mark10101] 02/1/2014 16:58

Really? With this sort of product you are selling to the same people that buy Chateau Lafite and mix it with coke so it is palatable.... The wealthy Chinese are no different to any other people at the top, they want to disply their wealth and only the best will do.

[paul_butcher1999] 02/1/2014 16:12

Problem with chinesse is if successful someone will just do exact copy and then start selling it (it's often the joint venture partner that does the first copy!)

[cockneyrebel] 02/1/2014 08:20

John Lewis Kitchen Appliance dept was packed at High Wycombe last week when we were there:



John Lewis reports healthy Christmas sales

CR

[mark10101] 01/1/2014 09:50

Not sure it is possible to tell Re China as there are so many variables. If it goes as well as our Luxury car industry it could have a spectacular impact on both income and the share price.

[gymratt] 31/12/2013 17:35

Does anyone have any share price projections? How much of an impact will exporting to China have on the sp? Does anyone have any idea how many machines are being made for the Chinese market?
TIA

[mark10101] 31/12/2013 13:40

Hi Paul,

It has already broken out IMHO, that is what the mini consolidation was a few weeks back around £1.50-1.60 09 high.

[paul_butcher1999] 31/12/2013 09:38

Seems to be continuing its trend of more than halving in price/ to more than doubling in price cycles. Maybe it will break out if that this time, but that's what it's been doing - I brought in when low and sold out when high a couple of times in last couple of years, unfortunately missed out on this latest cycle as I needed the money

[mark10101] 30/12/2013 22:02

Looking at charts AGA seems to have a blow out tops on the rises. These little pullbacks are great if we get a blow out top formed from here. I have a target of around £2.10 where I would evaluate if I should take profit. I know you like your charts, in my eyes this still looks great?

[cockneyrebel] 30/12/2013 21:10

I pretty much go with what you say mark.

CR

[mark10101] 30/12/2013 20:38

A fall in the end but with two 150k buys suggests some good strength here still. Do you have a target price CR or are you letting this one run all the way. I personally think there will be a high in the first qrt where it will consolidate, but I anticipate much higher highs in the coming years if the China launch goes well and he UK continues to gain traction with the switch to the total control models.

[cockneyrebel] 30/12/2013 15:56

150K buy @ 170.5p turning this one positive today.

CR

[allstar4eva] 19/12/2013 10:26

Yep decent move today...

[cockneyrebel] 19/12/2013 10:19

Breaking out through the 4 year high today :-)

More to a rally like this than meets the eye imo.

CR

[mr_bluesky] 10/12/2013 19:39

allstar:

I have the same problem with my head and door ways ;)

[allstar4eva] 10/12/2013 19:38

Won't fit:-)

[mr_bluesky] 10/12/2013 19:36

allstar:

All right mate

put your willy back in your trousers ;)

[allstar4eva] 10/12/2013 19:31

True but then I was busy buying TCG (Up 600%), THAL (Up nearly 500%), and THT (up nearly 300%) so not feeling too bad about being late into this one:-)

[mr_bluesky] 10/12/2013 19:16

a bit late to the party allstar but better late then never ;)

Mr Bluesky

[allstar4eva] 10/12/2013 14:10

Yep I bought a few earlier today after someone mentioned it on your thread CR. Looks very interesting - should benefit nicely from the consumer led debt based recovery!

[cockneyrebel] 10/12/2013 12:43

A director buying 10k here?

The home improvement sector must be doing well imo.

AGA totally got away from me, rarely a dip to buy on and catch in time.

CR

[mark10101] 27/11/2013 17:47

This is perfect fund material. I get the impression that many funds have only just realised how undervalued this stock was.