Member Info for ocelot

adjusted EPS 7.63p v 8.86p, down 13.9% final div of 2.3p v 2.5p to make total div of 3.4p v 3.5p. Return to revenue growth of 3.2% in opening 8 weeks of new year v -0.3% last year.

Political gesture, imho - whatever's saved on stamp duty will simply go onto the price of the property being sold.

would be doing the same, but unable to free up funds at present.

tomorrow week.

at 15:51:32

Down more than you, but in for the long term, so not bothered.

http://citywire.co.uk/money/time-to-buy-uk-domestic-stocks-on-crisis-lows/a1067814?re=50358&ea=189473&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary

Citywire cites Liberum on Howden Joinery saying that the stock is trading on only 13x 2018 earnings. Cudmore on advfn has posted the following this morning re TPT: "Apparently sales have picked up and stores are hitting budgets this quarter...". TPT are certainly on a very undemanding rating at the current price.

"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...

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...

limited expectations for tomorrow's update, apparently.

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.

.

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."

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.

Fair enough. In effect, I'm a longer term hold. Like to believe, over time, there is, at least, 50-100% upside potential.

Think a buy and hold approach will produce significantly more than 5 to 10% over time.