Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Most recently on ‘the UK’s leading tile specialist’ Topps Tiles (TPT), in May with the shares falling below 34p I wrote ‘interims, will there really be its expected “profit upside in the second half”?’ – concluding, with the macro backdrop looking to have worsened through the period, I retained my outlook caution which had served well and still avoid. The shares most recently closed at 35.8p but what about them now falling back below 34p on a ‘Q3 Trading Update’ headlined “Continued strategic progress amid near-term challenging market conditions”.
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