Topps Tiles Dividends - TPT

Topps Tiles Dividends - TPT

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Topps Tiles Plc TPT London Ordinary Share GB00B18P5K83 ORD 3 1/3P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 70.00 08:46:11
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Industry Sector

Topps Tiles TPT Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

whittler100: Well, it takes two views to make a market and IMO you have to assess the Q1 + Q2 against the expectation/forecasts for 2021. The revenue expectation for 2021 is £211.8m. Working through the numbers for retail and commercial turnover in Q1 + Q2 for 2021 it rather looks that even with lockdown restrictions that impacted retail in Q2, that TPT are marginally ahead of 50% of the full-year revenue forecast. In Q3 we have lockdown easing and this continuing into Q4 which should significantly boost retail numbers. So, IMO, we could well see a fairly significant “ahead of expectations” as we move into the future TUs for 2021. As ever, do your own research.
amencorner: FY announcement is listed as 1/12/20 of the TPT site
xtrmntr: The fortunes of Topps Tiles (TPT) and the housing market are inextricably linked – people often renovate their homes before attempting to sell or after moving in. The UK's leading tiling retailer could therefore benefit from government efforts to kickstart the housing market, namely the temporary cut in stamp duty. That helping hand could add to an improving post-lockdown trajectory – with all stores back up and running in the last week of June, the recovery in sales has been better than expected.Market research provider Mintel estimates the UK tiling market is worth around £700m a year. Topps derives most of its income from the larger retail tiling segment and has strategically located its 356 stores to be less than a 20-minute drive from most customers. Providing a competitive edge, 86 per cent of its ranges are own-brand or exclusive offerings. There is scope to expand into the fragmented commercial market, which accounts for 45 per cent of the total tiling landscape – commercial sales provided just 2 per cent of Topps' total revenue in 2019, but it is aiming to become the market leader.The group is getting back on its feet after a challenging first half – the six months to 28 March were disrupted by low consumer confidence and the outbreak of Covid-19. But customer demand in the third quarter was ahead of Topps' expectations, with average weekly sales rising from £0.8m in April, to £3.9m in the final week of June – just 5.4 per cent lower than a year earlier on a like-for-like basis.The £18.1m sale and leaseback of its head office and central warehouse buildings has bolstered the balance sheet, meaning Topps was in a £3.9m net cash position (excluding lease liabilities) as at 27 June, versus £17.3m of net debt at the half-year stage.While Topps is currently more reliant on physical stores – around 90 per cent of customers visit its outlets during their purchase, it looks better placed to capitalise on changing consumer habits than smaller independents. According to research consultancy Retail Economics, the lockdown saw 45 per cent of UK shoppers buy products online that they had previously only purchased in a store. Indeed, Topps' website sales soared by 139 per cent in the third quarter.Further momentum could come from the government axing stamp duty on homes priced at up to £500,000 in England and Northern Ireland until the end of March 2021. An increase in housing transaction volumes could spur more home improvement projects. Data from property website Rightmove suggests pent-up demand, with a 49 per cent surge in enquiries for houses priced between £400,000 and £500,000 in the two weeks after the government's announcement. That said, the housing market could slow if the end of the furlough scheme sparks a rise in unemployment and a recession would impact consumer confidence.
rumobejo: a late joiner to the 60p and £1 race? #TPT #PHTM #IPF #RPS #CARD £1
masurenguy: Liberum reinstates Topps Tiles as a ‘buy’ Liberum has reinstated a recommendation on Topps Tiles (TPT) as it believes management is being ‘proactive’ and adaptable. Analyst Adam Tomlinson moved the recommendation from ‘under review’ to ‘buy’ but has not yet set a new target price. Sales declined 80% year-on-year in April as Covid-19 forced the closure of all stores although there Tomlinson pointed to ‘promising signs with online sales’ which are three times higher than before the lockdown. ‘Management is being very proactive in adapting and reopening stores, such that the entire estate could be open on a controlled entry basis by the end of June,’ he said. ‘Liquidity at circa £14m remains comfortable and should rise by £10m in June as additional [government] funding becomes available.’ No position - added to watchlist.
wad collector: Does look like the share price might have bottomed out , but TPT does have a habit of disappointing....very happy to be wrong.
sambobo: Still looks like good value to me at ~30p/share. Fairly strong balance sheet, some debt but not an outrageous amount compared to many companies. They have a decent cash position, which should be enough to weather the C19 storm, especially with the government's fiscal measures. The revenue/profit numbers have also been stable for a few years now. The big question is how will they fair in an post Corona economy? Home improvement spending is generally fairly discretionary, especially tiling/flooring (i.e. you could still renovate a room and repurpose existing tiling/flooring). On the flip side, people may choose home renovation vs moving house if we end up with a tricky housing market - this might help to support sales somewhat. I think this uncertainty is well priced in however given the current P/E ratio, although its safe to say we can assume a lower dividend yield than the ~10% suggest by current price levels.
wad collector: COVID-19 Update Topps Tiles plc ("Topps" or the "Group") is today providing an update on the impact of the COVID-19 pandemic. In response to the UK Government's announcement of 23 March 2020, the Group has ceased normal store operations in order to protect colleagues and customers. The Group's online business remains in operation and we are working to fulfil existing customer orders to the extent possible within the constraints of the UK Government restrictions. The Board is taking prudent steps to ensure the business is protected through this period in order that it remains well positioned to recover, once the situation has normalised. Current Trading Like for like sales in the Group's Retail business for the 12 weeks ended 21 March 2020 were down 3.1%. Financial Liquidity Topps remains in a good financial position, with a robust balance sheet. The Group's committed GBP39 million revolving credit facility has been fully drawn down, and the Group has approximately GBP20 million of cash liquidity immediately available. In addition to the above committed facilities, the Group has an GBP11 million accordion facility which is subject to lender approval. The Group expects total net debt at the half year end on 28 March 2020 to be approximately GBP19 million. The Group welcomes the emergency support measures already announced by the UK Government, which will help retain cash liquidity in the business. Specifically, the cessation of business rates for a period of 12 months will save us GBP9.5 million, and the deferral of the VAT quarter payment will improve cashflow by GBP3.1 million. We will utilise the Job Retention Scheme to furlough colleagues who are unable to work due to store closures and we estimate that this will benefit cashflow by at least GBP2.0 million per month while this situation continues. A number of additional steps are being taken to reduce costs, preserve cash and provide the business with maximum flexibility. The Group has modelled a number of trading scenarios for the balance of the current financial year but is planning its finances around the most pessimistic expectation, which assumes that stores remain closed for a prolonged period. In the event of a 12 week closure of retail premises, followed by a further quarter of materially reduced sales, when combined with the support detailed above, the Group believes that its cash reserves will provide it with good levels of liquidity for the remainder of the current financial year. The Group has shared details of its modelling with its lending bankers, who remain supportive. Full Year Outlook While assessing the outlook with accuracy is impossible, it is clear that the COVID-19 pandemic will result in a material reduction to our expectations for revenue and profit for the second half of the financial year. In these circumstances, the Group is withdrawing its financial guidance for FY20 and does not expect to pay an interim dividend this financial year. While the immediate outlook is challenging and uncertain, Topps remains a resilient, market-leading business with good levels of cash liquidity and a strong management team and the Board is confident that the Group is well positioned to recover once the situation normalises. The Board continues to monitor the situation closely and will provide a further update when appropriate.
wad collector: Not much sign of a share price recovery now as a new 9 month low is reached. Most of the market is down but TPT is now down 25% since that spring high. It looks a long way back up.
newtothisgame3: This week I’ve delved a bit more into smaller companies with analysis of Photo-Me (#PHTM), Topps Tiles (#TPT), Belvoir Lettings (#BLV) and Hostelworld Group (#HSW). The biggest company looked at is easyJet (#EZJ).
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