Topps Tiles Share Discussion Threads

[master rsi] 03/12/2024 08:41

There is again interest in the stock this morning as buyers are prepared TWICE to pay a premium over asking price. Already at one time, the bid was over 40p.

spread 40.0 v 40.8 08:30:57 41.192p 24,141 spread 39.6 v 40.4 08:29:20 40.74p 36,617

[clocktower] 02/12/2024 09:36

When I read what an investor from Australia says I think of Home Depot for some reason.

[master rsi] 01/12/2024 21:43

39.50p, UT 40p

Looks good for a recovery

[master rsi] 01/12/2024 19:05

"The Sunday Times: The largest shareholder in Topps Tiles is calling for the board to overhaul its senior management and strategy after what it characterised as a series of ‘costly blunders’."
---------------
Investor on warpath over ‘costly blunders’ at Topps Tiles- December 01 2024, , The Sunday Times

The retailer’s largest shareholder has called for an overhaul of senior management and strategy
The Austrian investor MS Galleon claimed there had been a “complete failure” to adapt to the changing retail landscape

The largest shareholder in Topps Tiles is calling for the board to overhaul its senior management and strategy after what it characterised as a series of “costly blunders”.

Piotr Lipko, managing director of the Austrian investor MS Galleon, wrote to Topps Tiles’ chairman Paul Forman last week claiming that management had shown a “complete failure” to adapt to the changing retail landscape, citing its comparatively small online business.

MS Galleon, which holds a 29.9 per cent stake in Topps Tiles, also blasted the company’s acquisition of CTD Tiles, which it described as “unequivocally irrational” and “highly detrimental” to the interests of the company.

Paul Forman is chairman of Topps Tiles
Lipko told Forman he had “grown frustrated” by his continued lack of engagement. Topps Tiles said it engaged regularly with all

Sam Chambers
The Austrian investor MS Galleon claimed there had been a “complete failure” to adapt to the changing retail landscape

[velocytongo] 01/12/2024 15:51

I find it odd that MS Galleon owns nearly 30% and management will not engage (properly!!). I’d suggest the problem at Topps is that it is run by accountants with limited imagination. Why don’t MS start using the many levers that are available to large shareholders to get rid off of rubbish NEDs and management

[tenapen] 01/12/2024 15:15

I haven't read the article in the ST but it has been tough for the trades. After so many years of rising revenue and profits, Once the slowdown comes, which it always does! directors start to take chances to protect their bonuses and keep investors happy. ..... But the CTD buyout didn't make sense, even for a thick'o like me.

[pugugly] 01/12/2024 14:23

Sunday Times. Investor on warpath over ‘costly blunders’ at Topps Tiles
The retailer’s largest shareholder has called for an overhaul of senior management and strategy

[ianguerin] 27/11/2024 13:57

Analysts at Peel Hunt said: 'It has been a tough year for most big-ticket retailers, reflecting pressures on both consumer and business sectors across the RMI space.

'However, Topps has clearly outperformed.

'While the consumer market has yet to show clear recovery signs, we are encouraged by the group’s return to growth in [the first quarter of its new financial year].'

The broker maintained its buy rating with a target share price of 70p.

[wad collector] 26/11/2024 10:16

Surprised to see slight rise in share price ; obviously the market was expecting bad results to be perhaps even worse.

[hamhamham1] 26/11/2024 09:26

Was going to dip my toe in here today, but the forward guidance has put me off, for now. 30p area would match the risk / reward IMO.


Forward Guidance

Despite the return of CPI inflation to around 2%, there remain significant inflationary challenges facing the business in FY25. Specifically, the recently announced changes in the National Living Wage (up 6.7% from April 2025) and the changes in both the secondary threshold and the rate of employers' national insurance contributions will drive almost £4 million of additional costs into the business on an annual basis from April 2025, of which c. £2 million will impact the FY25 financial year. Given these cost increases represent a high proportion of the current level of profitability in the Group, they will need to be managed very carefully, and the business is currently formulating plans to mitigate these costs as far as possible. When combined with other general inflation in the market, the Group is expecting around £5 million of inflationary costs in FY25 compared to FY24. In addition, it is expected that FY25 will see a return to normal levels of performance related pay across the Group, subject to the relevant targets being met.

[norfolkngood1] 26/11/2024 08:08

Blimey. Terrible set of results. At this rate this will be loss making in a year. With the CMA investigation still going on it's too risky for me - I'm out.

[tenapen] 24/11/2024 12:08

Investor Meets - website.


TOPPS TILES PLC
Full Year Results
28th Nov 2024 at 9:00am GMT

[wad collector] 24/11/2024 10:10

TU Tuesday

[mr5k] 13/11/2024 12:31

Victorian Plumbing is pushing into tiles. They are dominant in plumbing, bathrooms, etc, and are now excited they can do the same in tiles and have much deeper pockets than TPT. Pro Tiler is mainly tiling accessories that are easy to target, especially with the VIC trade app.

[tenapen] 13/11/2024 11:36

Competition is tough.

An email this morning from 'Pro tiler tools'

Take advantage of this exciting collaboration, with 10% OFF the Weber range this November, AND if you spend over £99 ex VAT on Weber products, you get a FREE Rubi x Weber Tech-Flex Trowel!

🛒Use code WEBERXRUBI at checkout

[tenapen] 13/11/2024 11:27

TPT are talking to Investor Meets - 28th November at 9am - it will be interesting.

[wad collector] 30/10/2024 21:17

Just noticed


3 October 2024



Topps Tiles plc

("Topps Group" or the "Group")


CMA update



On 19 August 2024, Topps Group announced that it had acquired the CTD Tiles brands, 30 stores, selected stock and all related intellectual property from CTD Tiles Limited (the "CTD Business") acting by its administrators, James Lumb and Will Wright of Interpath Limited, for a consideration of £9 million (the "CTD Acquisition").

Topps Group notes that, further to its announcement of 2 October 2024, the UK Competition and Markets Authority (the "CMA") has now served an initial enforcement order under section 72(2) of the Enterprise Act 2002 (the "IEO") on Topps Group in relation to the CTD Acquisition.

An IEO is routinely applied in cases where the CMA reviews a completed transaction. It requires Topps Group and its subsidiary, Tiles4Less Limited, to, amongst other things, refrain from taking any further action to integrate the CTD Business into the Group and ensure that, except with the consent of the CMA, the CTD Business is carried on separately from the Topps Group business until the CMA review process has concluded.

The Group is actively working with the CMA to ensure compliance with the IEO.

A further announcement will be made in due course.

[wad collector] 02/10/2024 07:31

Q4 Update looks rather mixed. Can't see any big move away from recent trading range.

[tenapen] 29/9/2024 12:34

I hope you're well 'death by donut' and busy enough

Working for a company that has started to buy direct from Ardex and keeps it in his garage rather than pay the higher prices Topps charge.

There lies you're problem ! Sitting behind a desk looking at charts doesn't tell you that tilers believe Topps is expensive and they will go a mile out of there way to save 50p on a bag of adhesive. Doesn't make sense as it will cost lots more in time and fuel ! but the trades know the price of everything and won't be ripped off.

There end eth this lesson.

[tenapen] 29/9/2024 12:27

You big girl rsi

That really upsets me

So funny your quoting from that font of all knowledge - proactive investor hahaha
What next the Sun paper :-)

[master rsi] 02/9/2024 10:36

I found a main reason for the good performance today, but one has to be ahead of the pack when I selected the stock to go better looking ahead....


Proactive Investors - UK companies set for ‘protracted217; boost as analyst sees recovery
A resilient job market, ongoing wage growth, subsiding inflation and a rate cut since have now all laid the groundwork for better times ahead, according to Peel Hunt.

This has coincided with a return of a “stable” political environment, following the likes of Brexit, since Britain elected a new Labour government in July, analysts added.

The investment bank highlighted a string of companies from a range of sectors likely to benefit from the improving economic picture, including NatWest Group PLC (LON:NWG), Premier Inn owner Whitbread PLC (LON:WTB) and Jet2 PLC (LON:JET2).

This also stretched to retailers, such as DFS Furniture PLC (LON:DFSD) and Topps Tiles PLC (LON:TPT)

[master rsi] 02/9/2024 10:23

49 v 49.50p ( mid price 49.25p )
but the chart only shows the "AT"s prices and that was 49p the last one, otherwise would be a higher BREAKOUT.

[master rsi] 02/9/2024 09:55

48.10 v 49.50p +2.25p

A good move up with some large-size buys