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Having an online presence is crucial On the other hand, having a few bricks and mortar stores is just as important. I like to know exactly what I am buying, be able to speak to a real person and have the option to return to return things with ease (especially heavy materials) WH Smith is a non online company which continues to surprise. But through clever and savvy management it has done very well. If you'd have taken out a short position on that company a few years ago (and even I myself was considering this!) you would now be very badly burnt
To double down or not to double down that is the question. ????? Thoughts ???? I could lump into this on Monday and get an average price of around 72.5p
Sorry but that's a wild assumption. TPT don't supply new house builders, they supply retail. You know, the type of folks who search online, finding other's who are blowing theoretical gross profit margins in to the weeds. The internet isn't going away, two of the largest had huge handling facilities added in recent times, all so that they can be ultra cheap to the end user Who would want three hundred plus piles of bricks and mortar on their fixed costs in the face of such competition? Times change, this lot are too expensive IMO
"A lacklustre housing market continues to bedevil Topps Tiles, ...". Describes TPT as "a bellwether for economic conditions". "Robin Byde, an analyst at Cantor Fitzgerald, said: 'The post-election dip in consumer confidence and the wider macro headwinds appear to have impacted trade".
We have also maintained good control over gross margins and effective cost management over the year. Specific strategic initiatives in the period include: * Inspiration - Our aim is to continue to inspire our customers and deliver competitive advantage by evolving both our online experience and the store environment. Our customer service ratings were at record levels during the period and we continue to build strong customer engagement with our industry leading online visualiser...
They put a gloss on it, but the online competition is hurting them more and more IMHO. Savvy shoppers realise that they are so expensive compared to almost every other tile retailer.
Whilst we have seen a moderate improvement in trading in our final quarter, market conditions remain challenging and the Group expects adjusted pre-tax profits for the 52 week period ended 30 September 2017 will be at the lower end of the current range of market expectations... Significant strategic progress has been made and we remain excited by the growth opportunities open to us. Despite this, the tougher market conditions we first highlighted in Q2 continued into the final quarter and, as a result, we are taking a prudent view on market conditions for the year ahead... we have made progress in the commercial tile market, completing a small acquisition during the period and building more commercial capability internally...
Think negitivly get positive results fingers crossed.
limited expectations for tomorrow's update, apparently.
Make or break for rest of the year.
Who knows, Chris3192? Stock is influenced by the domestic economy, spending power and consumer confidence, inflation, outlook for interest rates and the property market, etc. Personally, think of it as well-managed and cheap, to be tucked away for better times in the future.
I hope he makes a fortune. Any negitive news came out on Friday ?I'm trying to work why the huge dip. I seen something about voting rights but this is all and I havnt had time to read it. Do you know ocelot ? I wasn't expecting the tumble I got in @ 79.75 wish I had of left it until Friday gone now hahaha.
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Matthew Williams, Chief Executive Officer, said: "At the time of our interim results in May we pointed to a more challenging macro-economic environment and this has persisted through the remainder of the third quarter. Tougher comparatives resulting from the changes to Stamp Duty in the prior year were a feature throughout the period and we have seen a modest improvement in trading over recent weeks as they have begun to ease. "Against this background, we will continue to extend our market leadership position by focusing on our proven strategy of "Out-Specialising the Specialists". In particular, we continue to evaluate selective acquisition opportunities in the commercial segment of the UK tile market."
Lacroix I said they are bang average - not bad not good but a decent investment at that price, just a tip for you as im not sure if your aware or not but average companies can still go up in value aswell, otherwise you will be waiting a long time for a perfect opportunity !!! "All the best in your future endeavours" .... And to be fair I can not actually see why you are specifically looking at this share as clearly you havnt bought in guessing by your "sell sell sell comment" and I did notice you didn't answer my question as to whether or not you had a short position. Furthermore if your answer to that question is no I don't have a short position, then I really am confused as to why you would bother or care. Anyway have a nice life.
How can anyone convince themselves Topps tiles problems are Brexit or I do not think Topps is a good business but I will invest...............Oh dear. OK just wait for the next results but, I suspect you still will not see it after the fall. I will not look at this share or site again. So sad for you.
Should have said that ALL of the stock's decline over the last 3 years has taken place since the Brexit vote.
PS: a lot of stocks took a dive on the Brexit vote and have since recovered. TPT has yet to show any recovery.
The stock is in decline over 3 years, agreed. But most of that decline has taken place following the Brexit vote. Prior to Brexit, the stock was trading at about 150p.
I understand what your saying but even if you visited 3 shops that's still less than 1% of their shops maybe you just visited a poor performing branch they have nearly 370 nationwide according to H & L...... I never said that topps tiles are a good business I personally think they are bang average, I just think at that price (79.75) which I bought in for may I add, over a short period of time 1 to 4 months i will make 5% to 10% if I was to hold for a longer period of time like ocelot plans to do I think I would get burnt (I'm not interested in holding stocks for months on end). Your saying sell sell sell overlong term you will probably be right over the next 1 to 4 month you will be wrong (I hope). But hey my opinion and everyone is entitled to one as I say time will tell. Do you have a short position ?
This share has been on a long decline for some 3 years. From high of approx 165p. For me, it's a management and marketing strategy problem. Lower priced competitors and internet competition. I think the problem here is terminal, yes, terminal, unless fundamental strategy changes are made. I can't be the only one who actually visits my investments if possible and, tries to see the evidence of my own eyes. It works both ways. Number of years ago I could not get past the entrance of 'Electronic Boutique' for the line of customers waiting to pay. I invested very successful. Go to your local Topps Tiles, or even 2 or 3. There will be no queue at the door or tills. Look at the results of the internet competitors and check out the growth. Go to B&Q and see how tile trading is there. Anyway SELL SELL SELL
Fair enough. In effect, I'm a longer term hold. Like to believe, over time, there is, at least, 50-100% upside potential.
I agree but that obviously depends on how long you hold for Hahahah. I prefer to hold shares for as short as possible really and just keep pocketing 5 to 10 % then on to the next grows your money alot quicker through compounding. Each to there own I say different people grow there capital different ways.
Think a buy and hold approach will produce significantly more than 5 to 10% over time.