Thanks for all the information.
I like the current price
I like the fact that its opening during lock down
I like the fact that DIY is a booming sector
I like the low PE ratio
I like the fact that this has been trading a lot higher recently
It all looks good to me! |
We want to reassure all our customers that due to the home and hardware exemption, our stores will remain open during lockdown while it’s safe to do so with COVID secure trading measures and controlled entry in place.
Let's hope plenty of householders decide to spend the next few weeks staring at their tiles and deciding to DIY.... |
MS Galleon increased stake to 20%+As I mentioned before, the chairman of this family office has extensive business interests in the flooring space in Europe and UK. |
I also see in Wales, with its "circuit breaker" that Topps Tiles shops are considered "essential" and remain open (source Topps Tiles website). |
No, topps confirmed on Twitter that it's shops are considered essential. All will continue to be open during Lockdown 2.Of course, there's probably going to be a slight dip in trade... As homeowners postpone work. |
Is Tops considered a "non essential shop" under the new lockdown regulations?
If so fall today (imo) possibly has futher to go - 1 month+ of sales lost while costs continue. |
Chairman and CEO purchasing shares. CEO also purchased earlier this year. Good bullish sign. |
Just looking at the TU again I am surprised by the drop today. Maybe the little 2nd wave is making the market lose a bit of confidence. |
Agree Tole. Unless there is something going on outside of the Public Domain this looks like good value. Currently sitting right on the 50Day so should get a bounce tomorrow. |
The commercial business is rebuilding more slowly, but it's immaterial at just under 4% of total revenues for the year.
He also picked up that the commercial side is only a small proportion of revenues which was the only real caveat that I read in the update. Drop looks overdone to me. |
Looks okay to me. Surprised at the drop today.
Pauly Pilot has reviewed it & seems happy enough: My opinion - I don't see anything in this update to justify a 6% fall in share price. Maybe some punters just decided to bank profits after a reasonable run of late?
Maybe it's the reminder (already known) that FY 09/2020 is only likely to be slightly above breakeven, that triggered profit taking? I don't know.
The last balance sheet was OK, not strong particularly. The sale & leaseback of property has helped liquidity since then. |
Bizzare, it was 52.4p to sell and next minute dropped to 49.2p
And only 370K traded |
Looks like there's a big seller and a bit of an overhang atm. Lots of buys not moving the bid ask, despite it being a low liquidity type share normally. |
It seems a lot of people were buying during bank holiday weekend. |
Worth grabbing as final results might be a pleasant surprise |
Someone doing a fat finger trade this morning? |
Big drop. Grabbed a few more |
That is a nice looking chart , news is filtering out to the wider market? |
Interesting that Ms Galleon now have almost a 20% stake, built up over the last few months.They look like a family office.Chairman is a successful businessperson who owns several flooring companies in Europe and UK, including the decently large Barlinek. Guessing he has some strong convictions and insight into UK flooring market...! |
Great to see Topps doing so well during the current crisis! |
TU surprisingly upbeat this morning , with the usual caveats. The worst behind us now? |
 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. |
Tipped as a Buy in this weeks ‘investors Chronicle’. |
Not mine. Have noticed quite a few small trades going through on a few stocks I follow as of late. |
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