Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Google Trends link here;
https://trends.google.com/trends/explore?date=all&geo=GB&q=floor%20tiles,spreadsheet
This indicates that since the lockdown began to ease in April many more people have been Googling for floor tiles and whilst it is now easing back it is still up significantly YoY.
on 28/07, from the previous level of 11.07%.
No stamp duty on property sales up to £500k until 31/03/21. Takes effect immediately.
Agree with you Majorboy.
Topps is looking one of the best shares on the market for me at present in terms of value v's risk. As you previously state, I also see the mid 50's achieved on the next short term rally of the market.
-- Retail website has performed robustly with sales across the quarter 139% ahead of the prior
year, leveraging the Group's recent investment in its online platform
Well, I guess you cant complain at that.
Retail trading over the third quarter improved significantly as stores re-opened, with average sales per week growing from GBP0.8 million during April (when all stores were closed) to GBP3.9 million in the final week of June when all stores were trading, which was 5.4% below the same week in the prior year on a like for like basis. The Board is pleased by this performance, which was ahead of its revised expectations following the outbreak of Covid-19...
Rob Parker, Chief Executive, said: "I am pleased with the resilience shown by the business through this period and I would like to thank colleagues across the Group for their hard work and dedication which ensured that, by the end of June, all Topps stores were back open and serving our customers safely.
"The Group has demonstrated its resilience, with revenues ahead of our expectations, and we have strengthened our financial liquidity through the sale and leaseback of our central warehouse and head office facility.
"Looking ahead, from our market leading position and with a firm financial footing, Topps is well-positioned as the economy begins to recover."
MS Galleon AG up to 11.07% from 6.79%.
Threshold crossed on 16/06.
Understand that there is a bit of a cull going on at Topps. It's likely the lockdown gave management a few ideas about how many staff/branches they actually need.
Yep - that's a positive step from Galleon.
Shows longer term confidence.
G
MS Galleon AG up to 6.7924% from 5.021%.
This is a great trading share - with decent daily swings, whilst its on its upwards rise.
When it was in the 30's you only needed a 3p move for 10%, or 1.5p for 5%, allowing for costs and spread.
It's still good value for a trade in the 40's with 4p giving you 10% and 2p giving you 5%, before costs and spread.
This is one I regularly jump into on dips.
gla
G
livelier today!
https://www.logisticsmanager.com/warehouse-sale-and-leaseback-boosts-finances-at-topps-tiles/
CEO bought 50,000 shares yesterday at 41.9p.
I see this as good news and very similar to what Ted Baker did just a few months ago, initially the news increased Ted Baker's share price by 40% shortly after the announcement. Although the Ted Baker SP has fallen back since and is quite volatile at present, I would expect to see an opportunity of a 20% to 40% lift in Topps SP forthcoming.
GLA
Based on the Group's net debt position at 29 May 2020, at completion of the Sale, the Group would have net debt of c. GBP7 million with c. GBP42 million of available liquidity (including the credit approved CLBILS GBP10 million loan facility which the Company announced on 19 May 2020 and which is due to be finalised shortly).
Sale and leaseback of HO and central warehouse buildings.
Sale proceeds: £18.1m.
20-year lease, annual rent of £1.2m.
https://www.insidermedia.com/news/midlands/austrian-investment-firm-ups-topps-tiles-stake
This share price should be higher, the buys have outweighed the sells for the last 3 weeks considerably. Topps is one of few retail stocks that hasn't had a decent second lift from initial crisis lows.
A fair value right now would be 45p wouldn't surprise me if there is another RNS in the next few weeks with another fund taking a stake, maybe this is when we will see a fast progression to 45p
GLA
RNS, up to 5.02%
Liberum reinstates Topps Tiles as a ‘buy’
Liberum has reinstated a recommendation on Topps Tiles (TPT) as it believes management is being ‘proactive’ and adaptable.
Analyst Adam Tomlinson moved the recommendation from ‘under review’ to ‘buy’ but has not yet set a new target price.
Sales declined 80% year-on-year in April as Covid-19 forced the closure of all stores although there Tomlinson pointed to ‘promising signs with online sales’ which are three times higher than before the lockdown.
‘Management is being very proactive in adapting and reopening stores, such that the entire estate could be open on a controlled entry basis by the end of June,’ he said.
‘Liquidity at circa £14m remains comfortable and should rise by £10m in June as additional [government] funding becomes available.’
This means nothing to me
Oh Vienna
New CEO comes in and éngineerS´ crap figures, so that anything he does looks good imo. We have to wait 18 months before heh presto everything is marvellous and what d´you know his renumeration goes through the roof, courtesy of a completely independent remuneration committee - we loose a year´s dividend and eventually the share price comes back to where it was before he started. A great investment for someone - just not us.
However I suppose it´s nice we havent gone bust just yet. Gla.
From their Linkedin profile:
Industries
Venture Capital & Private Equity