Topps Tiles Share Discussion Threads

[dice1950] 06/7/2016 07:51

Topps Tiles sales grow 6.2% amid overhaul of stores and ranges
PUBLISHED
06/07/2016



Topps Tiles said that like-for-like sales grew 6.2% in the period amid a programme to revamp its stores and ranges
Topps Tiles has shrugged off Brexit fears and posted solid third quarter sales growth, saying it is well placed to outperform the market.

The tiling and flooring retailer said like-for-like sales grew 6.2% in the period as a programme to revamp its stores and ranges continues to be a success.

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Chief executive Matthew Williams said: "Our focus on the successful strategy of 'Out Specialising the Specialists' has enabled us to deliver healthy like-for-like sales growth of 6.2% in the third quarter, with initiatives to extend the appeal of the Topps brand continuing to attract new customers.

"While it is currently too early to ascertain the implications of the result of the UK referendum, we remain confident in the longer term outlook for our business and in our ability to outperform the market."

In May, Topps unveiled an 11% rise in first-half pre-tax profits to £10.1 million on sales of £108 million.

[dice1950] 06/7/2016 07:14

Topps Tiles (TPT) Like-for-like revenues for the 13 week period increased by 6.2%
6th July 2016

Matthew Williams, Chief Executive Officer, said: “Our focus on the successful strategy of ‘Out Specialising the Specialists’ has enabled us to deliver healthy like-for-like sales growth of 6.2% in the ...

[dice1950] 04/7/2016 20:59

Topps Tiles (TPT) Peel Hunt has upped pre-tax profit forecasts for the year ending September 2016
4th July 2016

by 4 per cent to £22.7m. That equates to EPS of 9.3p, compared with £20.4m and 8.5p in FY2015. Topps Tiles, which is listed on the FTSE Small Cap index

[dice1950] 04/7/2016 15:49

Analysts are hoping for another results beat when UK tile and flooring retailer Topps Tiles
4th July 2016

[dice1950] 04/7/2016 15:48

Topps Tiles Trade Our brand new store in Sydenham officially opens tomorrow! - … - #TPT

[dice1950] 04/7/2016 08:30

Analysts are hoping for another results beat when UK tile and flooring retailer Topps Tiles
4th July 2016

[wad collector] 30/6/2016 18:21

An impressive lack of bounce the second half of this week , I think we will have to be very patient here.

[discodave4] 30/6/2016 17:50

MoreCrud reckons £2 and a possible takeover! Lol.....150 will do me, just have to wait a bit longer that's all.Anybody who listens to ramping CR is a fool IMV.DD

[libertine] 30/6/2016 10:06

Carpetright dragging this down but update due next Wednesday so we will see how trading has been and the outlook.

[cudmore] 27/6/2016 12:56

All the scaremongering and panic selling takes over. Crazy! Guess it's a good time to top up for the long term.

[wad collector] 27/6/2016 12:25

I think we are all losing here today , on paper.

[discodave4] 24/6/2016 21:19

More CrudA BIG FAT ZERO!You never cease to amaze with with your childish posts.DD

[cudmore] 24/6/2016 18:58

Discodave

How much did you lose on your investments today then lol???

[wad collector] 22/6/2016 10:23

113mike 21 Jun'16 - 23:46 - 3801 of 3803 0 0

Ok..so you don't like Tpt..what do you like? Tell us what you think is a worthwhile investment?




Huh?? I see no-one saying they don't like TPT.

[discodave4] 22/6/2016 08:30

WadThe consensus is that housebuilders and the likes of HWDN, MSLH, WOS, etc, will be hit by a Brexit, would assume TPT will too (obviously hope not though).DD

[discodave4] 22/6/2016 08:23

More Crud, your a ramping troll.Ffs can't you read holdings RNS's?, it's already known that Blackrock bought 2 million of those shares, so stop ramping those two trades from weeks ago...........it's not an unknown £6.5m trade its about half that.As wad has posted, it happens, II's buy they sell just like pi's.DD

[113mike] 21/6/2016 23:46

Ok..so you don't like Tpt..what do you like? Tell us what you think is a worthwhile investment?

[wad collector] 21/6/2016 23:20

Sorry I can't get very excited about the fact that some corporation bought 3% of the share capital of a small company. It happens all the time as the various fund managers decide to justify their fat commissions by making a decision. You could get equally excited by the fact that , by implication , somebody/ bodies have sold 3% of the capital.
I am more excited by the prospect of market chaos on Thursday/ Friday but suspect it will have little impact here either way.

[cudmore] 21/6/2016 15:17

Who bought £6.5m of these on 26/5 then????

[discodave4] 14/6/2016 14:33

Mmmmmmmm...............why's that then crud? (by the way it wasn't at the low). You never cease to amaze me!.Have you not heard "buy the f...ing DIP"hTTps://youtu.be/0akBdQa55b4DD

[cudmore] 14/6/2016 12:24

Mmmmmm....263k buy in the dip this morning! Very interesting indeed!

[discodave4] 10/6/2016 17:08

Blackrock & Lord Lucan...........your insider not told you yet?£2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2, £2DD

[cudmore] 10/6/2016 14:32

Still no idea who purchased £6.5m of these on 26th May. Thought someone may have have heard something by now?

DD

Who do you reckon it was matey???

[wad collector] 07/6/2016 12:15

2 weeks old now but as not prev posted here , from was MF;

A profitable play on housing?
Shares in Topps Tiles (LSE: TPT) rose by 3.4% this morning after the firm said that sales rose by 3.8% during the first half of the year.
Profits rose much faster, with adjusted pre-tax profit climbing by 13.5% to £10.3m. Tighter stock control appears to have helped. Another attraction is Topps' impressive gross profit margin of 61.5%. Retailers with high margins can deliver strong profit growth from a small increase in sales.
Today's figures leave Topps shares trading on a 2016 forecast P/E of around 15. The interim dividend has been hiked by 33% to 1p per share, suggesting that full-year forecasts for a payout of 3.36p per share are reasonable. This gives Topps a forecast yield of 2.5%.
Net debt has fallen steadily to just £28m. This isn't a concern, in my view, as it's less than twice the firm's forecast full-year profits of £17m. Assuming the UK economy and housing market remain stable, I think Topps could deliver further gains for shareholders over the next one or two years.
However, I don't think that Topps Tiles is the best growth choice in the retail sector.