A year ago I concluded on “the UK's largest tile specialist” Topps Tiles (TPT), the current results reality suggests a challenging time ahead. With now another trading update, how are things looking?...
A trading statement from Topps Tiles (TPT) includes “our strategy of ‘out specialising the specialists’ continues to serve us well” and “we continue to make good progress with our plans for commercial and our strategy of ‘disrupt and construct’ is proving successful”. However, a sub 65p share price compares to more than 90p in early 2018…
Shares in Topps Tiles (TPT) are currently further lower following a recent Q3 trading update – despite it arguing it continues “to make good progress with our core strategy of ‘Out-Specialising the Specialists’ to extend our market leading position in the UK tile market”. Hmmm…
In January Topps Tiles (TPT) stated “an encouraging start to the new financial year with like-for-like sales in Q1 up by 3.4%”. Today a further Trading Update…
On the surface of it, the retailer Topps Tiles (TPT) looks cheap. Even after today's trading statement the shares, at 73p offer trade on a PE of just 10 for the year ended 30 September 2017. But do not bottom fish. Here's why.
