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Topps Tiles – “First Half Trading Update” is a profit warning that dare not speak its name…

By Steve Moore | Wednesday 3 April 2024


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.


Previously writing on Topps Tiles (TPT), which describes itself as “the UK's leading tile specialist”, with the shares down to 46.8p in January I concluded that a reliance on improving market conditions and full-year pre-tax profit forecasts of £11.5 million+ looked challenging. With the shares most recently closing at 44p, what of now a “First Half Trading Update”?

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