Member Info for ocelot

Shares in Topps Tiles (TPT) are trading at close to a five-year low and Liberum sees ‘good value’ for investors with a long-term outlook.

Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 95p on the stock after 2018 profit before tax of £16 million beat expectations slightly due to better gross margin and tight cost control. The shares were trading at 66p yesterday.

‘At this stage, we leave our full year 2019-2021 profit and loss forecasts unchanged,’ he said.

‘Topps’ leading, specialist market position leaves it better placed than competitors and the group’s longer-term growth prospects, including within the UK commercial tile sector, remain very much intact.’

Tomlinson added that the shares trade ‘close to a five-year historic low price/earnings ratio’ and ‘we see good value for those willing to look past the shorter term’.

Ninetails,

Spread bets DO impact share prices, because the provider of the spread bet has to hedge their own net position.

That is nonsense, Scandic.

How does the spread-betting firm hedge their own position?

Extract from the Evening Standard City Editor's comment:

"... Cook's SDIs are losses that it has been parking to one side without accounting for them in its profits ...

Frankly, this stuff should have been put through the profit line long ago...

That seems to have been the view of newish audior EY. ... EY went over Cook's books with a microscope after Frankhauser's awful profit warning in September.

The accounting clean-up wiped an unexpected £30 million off Cook's profits for the year ...".

He concludes his comment with a "Best avoided".

My comment:

But, on the positive side, the accounts have been gone over with a fine tooth comb and the damage from the exercise was limited to £30m.

But when shorters get it wrong, they can get it very wrong, indeed.

Sageman,

Not only can shorters follow the "eyes", they can also read this (and other) board(s).

UKOG is a PI stock, just the kind of stock to attract the attention of shorters, ("let's see if we can panic them", that kind of thing).

Gerry,

HHDL provides Alba with its first source of cash flow (as it does for UKOG) - can't see GF wanting to surrender that in a hurry.

Sorry, read your post too quickly - you were only speaking of Alba's stake in HHDL.

Welcome back, Gerry.

Personally, think SS has quite enough on his plate without taking on Alba's diverse spread of activities, too.

Of course, Santa understood, he's a very understanding gentleman!

Because an RNS could be published at any time and pull it higher.

SS's is the up train.

Suspect Scandic is on the down train.

Same journey, different direction.

Many thanks, the "eyes".

With 11 posts to your name, how much experience of the market do you have?

but it can't be described as silence.

Fair enough, tkr234, this patience thing can try one's patience on occasions.

SS was interviewed just 6 days ago, on 20/11.

Are you a nervous investor, E3Ts

Get Columbo on the case!

... Unbelievable that the sp is so low...
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Agreed, Dropzone.