Topps Tiles Share Discussion Threads

[mongi123] 05/3/2020 07:45

Sell sell sell

[wad collector] 27/2/2020 08:35

No , February 2020 was the time to sell as yet another dismal TU takes us to new lows...where is Cudmore ?

[wad collector] 19/2/2020 13:12

Bit of a sustained rise for a while here , though very similar looking share price graph to last 2yrs when climbed steadily until August plunges. Not a chartist but perhaps May 2020 is time to sell again!

[mongi123] 23/1/2020 14:59

That would be telling. This is just the beginning. But defo a good move for company

[intheknow69] 22/1/2020 18:50

Mong

Where you hearing 46 from?

[mongi123] 22/1/2020 13:35

Eventually 46. The way people shop has changed. More online so less need for so many stores. More profit from less stores as costs are driven down. Good move by the company

[intheknow69] 21/1/2020 22:02

Dave4545

You the £910k buyer here? 😆 Restructuring news apparently tomorrow confirming 24 store closures. A positive move in this current economic climate.

[dave4545] 17/1/2020 13:40

69

Were you being told that while you were ramping Eve at the same time ?

Brave of a day trader to go offline while holding a position to buy some tiles !

[dave4545] 17/1/2020 13:34

Beware 69 hears a lot of things and 99.9% are made up.

If there is positive news it's just a coincedence !

He says more porkies than a pig farm !

[intheknow69] 17/1/2020 13:28

Hearing big restructure going on with announcement next week. Popped into a store this morning and was told all Managers getting informed at meetings on Tuesday. Some saying that a possible bid for the company. That would make sense with Matt Williams leaving.

[wad collector] 08/1/2020 09:59

Superb? Less bad perhaps.

Q1 Trading Update

Trading

Topps Tiles Plc (the "Group"), the UK's largest tile specialist, announces a trading update for the 13 week period ended 28 December 2019.

Like-for-like retail revenues for the first 13 weeks of the current financial year decreased by 5.4% (2019: decreased by 1.4%). As announced on 26 November 2019, retail like-for-like revenues across the first eight weeks of the quarter decreased by 7.2%. For the final five weeks of the quarter performance improved significantly, with the decrease in retail like-for-like revenues reducing to 1.4%.

Strategic Progress


-- Group - the Group continues to focus on its core purpose to
inspire customers through our love of tiles. We are also maintaining
a tight focus on costs and on maximising the conversion of turnover
into free cash flow. During the quarter the success of our "Leading
People" strategy was recognised by Glassdoor who presented Topps
Tiles with an 'Employees' Choice' award in the Best Places to
Work category for 2020, where we were the highest placed retailer,
finishing ninth overall.
-- Retail - our overall customer satisfaction score continues to
improve, with 88% of customers telling us that they were "highly
satisfied" across the quarter. The Group continues to actively
manage its store portfolio - ending the period with 361 stores,
having closed one store and relocated another.
-- Commercial - our entry into Commercial has approximately doubled
our addressable market and our strategy of creating a new market
leader continues to make good progress. Commercial sales for
the quarter were GBP2.3 million, an increase of c.250% year
on year (or c.150% on a comparable basis) and we remain encouraged
by our progress towards our target of a broadly breakeven outcome
for the current financial year.

Rob Parker, CEO, said: "Our first quarter performance reflects the full impact of the heightened political and economic uncertainty evident in the run up to December's General Election, which we first noted in our 2019 full year results announcement. Trading conditions remained challenging throughout the period and, against this backdrop, we ensured that we continued to offer our customers excellent value for money. As expected, the retail like-for-like sales decline began to return to its pre-election trend towards the end of the quarter.

"As we enter 2020, we remain confident that our market-leading retail offer and growing commercial operations give us a strong platform from which to deliver sustainable growth over the medium and long term."

[wton1] 08/1/2020 08:07

Glad i add

[wton1] 08/1/2020 07:49

Superb in a word news today

[nobilis] 07/1/2020 10:33

This looks HOT

[wad collector] 19/12/2019 09:15

Xd 2.3p today. Currently down 4p.

[wad collector] 26/11/2019 16:38

Then closed up 15%. Odd reaction in the market.

[wad collector] 26/11/2019 08:40

Results impressively flat in just about every parameter.
Curious share price response ; a drop of 6p followed by a recovery to opening price.

[intheknow69] 07/11/2019 21:13

Didn’t affect the share price one bit. The city boys must think it’s a positive move.

[mongi123] 05/11/2019 19:32

CEO Matt Williams resigns. I wonder what now

[wad collector] 02/10/2019 08:25

Topps Tiles Plc (the "Group"), the UK's leading tile specialist, announces a trading update for the 52 week period ending 28 September 2019.

Adjusted revenues(1) for the 52 week period are expected to be in the region of GBP214 million (2018: GBP214.8 million). Like-for-like revenues in the 52 weeks were ahead by 0.6% when compared to the prior year (2018: LFL flat).

Trading over the fourth quarter reflected a more challenging economic backdrop, with uncertainty impacting on consumer sentiment and like-for-like sales decreased by 1.9%.

Adjusted pre-tax profits for the year ending 28 September 2019 are expected to be within the range of current market estimates.(*)

* The current range of analyst forecasts for adjusted pre-tax profits for the 52 week period ending 28 September 2019 is GBP15.5 million to GBP16.0 million, with a consensus of GBP15.8 million.




So not much to shout about really. Still struggling.