Topps Tiles Share Discussion Threads

[discodave4] 23/4/2016 12:13

More Crud,RUMOUR HAS IT - Depends to a degree on who is going to be providing the finance, a third party or Topps and if a third party what the agreement is. Either way the true cost of the "free" credit has to be recovered with margin by someone. So the rationale could be that Topps will have "free" credit but only on dated stock that they cannot shift, or on all stock and the prices will increase to cover costs (supplier discounts/contracts may also cover the true cost of the finance), staff bonus could then be linked to selling interest free credit items only (perhaps also as a way of factoring in minimum wage costs?), if financed by third party then they will, no doubt, recover some costs directly from Topps (commission or fixed cost based) but the cherry on the cake for the finance providers profit is basically provided via the small print - I.e. if the customer does not pay off the credit before the interest free period expires (by a defined set day) then by default a substantial interest rate is applied and backdated over the entire credit period.So, as I said "you get nothing for nothing" somebody will make a profit and somebody has to pay for that - usually the customer.Good Luck idiot.DD

[cudmore] 22/4/2016 17:10

Discodave

Libel??? Lol. Will I have to supply the name of the store Manager who I spoke to in my defence in court? What a clown you are.

Don't you understand how interest free credit works? How do other retailers, who have been providing this service for years, manage to make a profit then? Increased sales increase overall profit margins from where I come from.

[discodave4] 22/4/2016 16:28

More crud,Zero percent finance means prices will go up to cover the cost, did your insiders (sorry shop assistants) not tell you this? you get nothing for nothing.DDPS unless you want a libel action brought against you, please replace "apparently" with RUMOUR HAS IT. Thanks in advance.

[discodave4] 13/4/2016 19:29

Knew I shouldn't have mentioned "if this gets back to 150" :(DD

[discodave4] 07/4/2016 19:12

Ooooolala, rumour has it they do ladies Topps as well..........which are coming off a treat and this will soon be £2!.DD

[wad collector] 07/4/2016 17:31

Rumour has it that boutiques are where rich French women buy clothes.And possibly tiles.

[discodave4] 07/4/2016 13:09

Wad, agree, their margins work both ways though.Been in nearly two years and as you say there are better opportunities.Nothing wrong with the business, my only slight concern was when they launched the "boutiques" which are the same as the previously tried and failed "Labs" (think that's what they called them) concept in all but name.DD

[fhc2] 07/4/2016 12:23

As ever it's a long term hold, not a trading stock. IMHO of course.

[wad collector] 07/4/2016 10:18

I suppose it depends on whether you believe that the company may exceed expectations in subsequent yrs. A small change in the margins would make a big difference , either way. I see more likely scenarios elsewhere, but happy to hold some in hope.

[discodave4] 07/4/2016 00:22

Begining to think this is fully priced (or near enough) and unlikely to reach 170 - 180 over the next year or so.LFL Rev growth is still slowing, quick calcs year end Rev £220m, pbt £20m, eps 8p (f/casts 8.9p). With a PE of 15 (5 year average) that's a share price of 120 - 135, 170 would be a hefty 21 PER.Will see if gets back above 150 before selling.GLDD

[cudmore] 06/4/2016 19:50

Another good set of figures and the share price drops as usual! Lots of buying today though. The future looks rosy here imho

[thomasthetank1] 06/4/2016 15:03

Read Liberum’s note on Topps Tiles (TPT), out this morning, by visiting www.research-tree.com …
“Topps' H1 pre-close update shows a business in good health. LFL sales in the 26 weeks to 2 April rose by 4.7%. The company is reporting solid growth on top of last year's reported H1 LFL of 5.2%. While UK consumer confidence may not be as robust as it was a year ago Topps has a solid self-help strategy based on up to 100 further store openings and a move into the small business market. The EBIT margin remains...”

[meijiman] 06/4/2016 15:02

Decent trading update this morning.

[wad collector] 16/3/2016 19:59

Just noticed that looks like Blackrock unloaded a million TPT a week ago . Still only about 10% of their holding so probably doesn't mean much .

[cudmore] 02/3/2016 11:34

A budget beating February sales wise. Those £2 targets looking more realistic now.

[cudmore] 09/2/2016 20:24

Lovely dividend payment straight into the bank account this morning. Looking good here.

[discodave4] 06/2/2016 16:48

Interesting read:hTTp://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12143592/I-said-Id-never-do-more-than-three-years-on-the-tiles-says-Topps-Tiles.htmlDD

[sphere25] 01/2/2016 16:30

Been buying here today - looks oversold having fallen from 160.

Book looks as strong as it has been recently (with the buyers stacking up) and that chart looks like it is turning around nicely.

[cudmore] 18/1/2016 13:13

Great topping up opportunity I reckon!

[wad collector] 18/1/2016 12:40

The general market fall is at last beginning to impact on TPT share price ; time to batten down the hatches and wait for the storm to pass I think...

[cudmore] 06/1/2016 22:18

DD

By the way.....I know employees of TPT so it's not rocket science when you hear how well a company is doing from it's workforce!

[cudmore] 06/1/2016 22:17

DD

You'd be amazed what some companies chuck out in their rubbish!! You should have been dipping into Sainsburys H/O bins......you wouldn't have missed the HOME bid then lol!