Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Rumour has it positive LFL around 2% to be announced next week. Should see a positive move back up to a more realistic SP imho when all the other DIY sheds are showing such a poor performance based on LFL. Topps has a great team running things from the top so we should see 10-15%+ growth at least in the SP short term
I really fear that whatever happened to Carpertight who was the leader in carpets, will happen to TPT who is the leader in tiles. It will take some time because TPT is still in a reasonably healthy position, but with its market share being eroded all the time , it wont take long for the business to face serious problems. We need to remember the similarities in the shareholder structure of the 2 co's. The Harris family controlled for years Carpetright but saw the serious downturn in the industry coming a while ago and sold out gradually at a still very good price . The Williams family did and still do own the majority of the shares in TPT so it would be interesting to see if they have or are gradually selling up.
Sympathetic Tempus article in The Times (p44): "Stick with tiler in its ups and downs":
"... If you're brave enough to own retail shares, Topps Tiles is worth holding".
Like-for-like revenues down 2.3%.
Given all of the doom and gloom associated with the retail sector at the present time, that does look to be, as they claim, a resilient performance.
judging by the stock's recent lacklustre performance, expectations appear to be restrained.
"We are value investors who seek to purchase shares in companies that are selling below their intrinsic value" (from their website).
Aberforth Partners LLP: from 5.23% to 10.03%.
Sharper decline in adjusted profit before tax than I, personally, was looking for: �7.2m v �10.1m; Improvement in decline of like-for-like sales in opening weeks of Q3: -0.2% v -2.2% in Q2; Free cash flow more than doubled: �6.8m v �3.0m; Maintained interim dividend; "Plan to disrupt the commercial tile market and construct a new market leader over the medium term"; "We continue to take a prudent view of the second half outlook and expect that pre-tax profits for the full year will be within the current range of market expectations".
p44 in this morning's Times Advice: Buy Why: Performing well in the face of significant challenges
They don't understand the commercial sector if they claim that. They're up against some very big players. I said a few months back that having over 300 piles of bricks and mortar to upkeep would be a massive millstone in the internet era, they don't compete on price with the main players online. We shall see.
Range - we are seeing encouraging signs that we can leverage our buying scale and range advantage into the commercial segment, effectively almost doubling the size of our addressable market while staying within our specialism of tiles.
and a 2nd 250k buy at 91.00p, at 10:22:28.
at 10:03:09
Already rallied last few days, be surprised if any BIG drop.
Recently I covered this company and made a prediction that if it can grow LFL by 2.5% or more the shares reach a �1 per share. Although that hasn�t happened, the shares did from 65 pence (the date I released this article) to the current share price of 90 pence. A decent 40% rise in less than two months. If you are interested in that article, click http://bit.ly/2BkrhEl But, there is another company which relates to this space but runs a distribution network of delivering floorcovering to customers. It�s called Headlam Group, and I think it is a decent company operating in less competition and produces stable earnings. It is a progressive dividend payer at 5% yield. I think it fits well with people looking for a reasonable dividend income in their investment portfolio. For further details on Headlam, click http://bit.ly/2mLZyHa
The mood at Topps Tiles (TPT) feels positive after first quarter trading and Peel Hunt believes the forecast momentum has �shifted�. Analyst John Stevenson reiterated his �buy� recommendation and target price of 100p on the stock after a first quarter update showed like-for-like sales increased 3.4%. The shares rose 8.8% to 87p yesterday. �We are in no rush to start upgrading forecasts on the basis of one quarter�s trade,� he said. �However, the mood music feels much more positive, benefiting from a more consistent and less volatile reading period. Given the weaker comparatives ahead, Topps looks well placed to build up a good margin of safety against forecast expectations.� Stevenson said he would review the numbers after the second quarter but he feels �more confident that forecast momentum has shifted�. �Topps shares are trading on a full year 2018 price/earnings ratio of just 11x and offer an attractive, well covered yield of 4.5%,� he said. http://citywire.co.uk/money/the-expert-view-bp-morrisons-and-persimmon/a1082200?re=51587&ea=189473&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily#i=6
Well played, Chris3192, and best wishes to you for the future. In for the longer term myself, so will continue to hold.
That is me out of this now made 20% over 3 month happy with that , been a pleasure chatting with you.
Market appreciates the pick-up in the growth rate, although "... we are retaining our prudent view of market conditions for the year ahead."
What we expecting for the 9th ? ..... raise ? fall ?
US-registered investor.
Merry Christmas to you and to all those who take an interest in Topps Tiles.
Thanking you. Hopefully a decent rally on the 9th I will be watching.
Q1 trading statement: 09/01/18 divi payment date: 02/02/18 http://www.toppstilesplc.com/key-dates-calendar
Does anyone know when the trading update is ? Some time in Jan I think and divi is paid in Feb I could be wrong.?