Share Name Share Symbol Market Type Share ISIN Share Description
Topps Tiles Plc LSE:TPT London Ordinary Share GB00B18P5K83 ORD 3 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.56% 70.60 4,451 16:35:11
Bid Price Offer Price High Price Low Price Open Price
71.00 73.00 70.60 70.60 70.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 219.20 12.48 5.18 13.6 138
Last Trade Time Trade Type Trade Size Trade Price Currency
16:53:04 O 60 70.60 GBX

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Topps Tiles Daily Update: Topps Tiles Plc is listed in the General Retailers sector of the London Stock Exchange with ticker TPT. The last closing price for Topps Tiles was 71p.
Topps Tiles Plc has a 4 week average price of 65p and a 12 week average price of 65p.
The 1 year high share price is 79.40p while the 1 year low share price is currently 38.60p.
There are currently 194,964,629 shares in issue and the average daily traded volume is 193,613 shares. The market capitalisation of Topps Tiles Plc is £137,645,028.07.
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.
boonkoh: Well, results are disappointing.I get lockdown closed stores. But also the industry overall has seen a surge in kitchen, bathroom product sales in the last 6 months. Which means new tiles as well. Looks like Topps has lost market share, and consumers have bought elsewhere online.
amencorner: FY announcement is listed as 1/12/20 of the TPT site
netcurtains: 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!
martinthebrave: 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.
boonkoh: 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.
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.
wad collector: You responsible for all those 1 and 2 share buys yesterday?
rumobejo: fantastic update today, trading recovered very quickly to pre-covid yet share price half of what it was prior to covid. market will catch soon here 80-90p £1 in bound
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.
Topps Tiles share price data is direct from the London Stock Exchange
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