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Topps Tiles directors buy up

The tile specialist has drawn a line under 2017, while directors are demonstrating their renewed confidence in the future
December 7, 2017

It looks as though managers at Topps Tiles (TPT) are keen to start the new financial year afresh. The past 12 months have been torrid for Topps, which culminated in a 15 per cent plunge in pre-tax profits for the year ended 30 September 2017. But hopes are high: like-for-like sales at the start of the new financial period are up a solid 3.2 per cent, while a new push into the commercial tile market should help bolster this return to growth.

IC TIP: Hold at 78p

Now, chief executive Matthew Williams and finance director Rob Parker have both added to their shareholding, demonstrating their belief that FY2018 will be a different story for investors. Mr Williams spent north of £192,000 on 300,000 more shares, while Mr Parker added a more modest 40,000 for £25,600.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AVEVA  Rohinton Mobed24 Nov 173,000263579,0503,0000.005
Babcock International  Mike Turner (ch)27 Nov 179,500672.53263,89184,8840.017
Babcock International  Archie Bethel (ceo)27 Nov 1714,868667.2999,213388,1910.077
Be Heard*David Wilkinson29 Nov 17535,7142.815,0001,886,2080.192
Be Heard*Ian Maude29 Nov 17178,5712.85,0002,605,9890.265
Be Heard*David Morrison29 Nov 172,142,8572.860,0002,142,8570.218
Be Heard*David Poutney29 Nov 173,892,8572.8109,00010,692,8571.089
Be Heard*Peter Scott (ch)29 Nov 172,678,5712.875,00019,856,6802.022
Be Heard*Rakhi Parekh Goss-Custard29 Nov 17178,5712.85,000764,3250.078
Be Heard*Robin Price (fd)29 Nov 17357,1422.810,0002,897,2270.295
Caledonia Investments♥William Wyatt (ceo)29 Nov 1729,3002720796,9601,139,7852.058
Charles Stanley  Ben Money-Coutts (cfo)24 Nov 175,50036520,07512,2200.024
Chesnara John Deane (ceo)24 Nov 1710,00035035,00029,6770.020
D4t4 Solutions John Lythall28 Nov 1765,000133.2786,6261,913,9605.003
D4t4 Solutions Roger McDowell29 Nov 17200,000123246,0001,550,0004.051
DFS Furniture Luke Mayhew23 Nov 1712,500197.924,73844,1210.021
Direct Line Insurance  Danuta Gray24 Nov 1710,000358.735,87010,0000.001
Frontier Developments Charles Cotton28 Nov 178,5501,296.10110,817148,2190.394
Frontier Developments David Walsh29 Nov 175001,304.406,5225000.001
Frontier Developments David Walsh29 Nov 171,2001,311.7615,7413,5000.009
Frontier Developments David Walsh29 Nov 171,8001,300.7023,4132,3000.006
Haynes Publishing  Alex Kwarts29 Nov 1710,79219521,04425,7920.171
Homeserve Mark Morris27 Nov 176,23581150,56671,7160.022
IG Design  Mark Tentori29 Nov 177,40440529,9867,4040.012
MITIE  Derek Mapp (ch)29 Nov 1740,000203.5781,428140,0000.039
Montanaro UK Smaller Companies Inv Tr Arthur Copple28 Nov 1710,000576.9457,69415,0000.045
Morrison (Wm) Supermarkets Rooney Anand29 Nov 1710,000218.921,89022,5000.001
Mothercare Mark Newton-Jones (ceo)24 Nov 17150,73866.34100,000534,7100.313
Mothercare Richard Rivers24 Nov 1772,00068.249,104210,8690.123
Nasstar♥Nigel Redwood (ceo)29 Nov 17231,4901023,14910,706,9201.864
Nasstar♥Niki Redwood (fd)29 Nov 17231,4901023,14910,716,8831.866
Norcros*David McKeith23 Nov 172,9411725,05917,9410.022
Norcros*Martin Towers (ch)23 Nov 1726,36317245,344160,8170.201
Norcros*Jo Hallas23 Nov 173,9211726,74423,9210.030
Norcros*Nick Kelsall (ceo)23 Nov 17235,507172405,0721,151,3911.440
Norcros*Shaun Smith (fd)23 Nov 175,92017210,18225,9200.032
RIT Capital Partners♥Hannah Rothschild24 Nov 177,7011948150,01514,261,1409.180
RIT Capital Partners♥Lord Rothschild (ch)24 Nov 177,7011948150,0159,904,0966.375
Scapa  Graham Hardcastle (fd)28 Nov 1715,000481.635972,24535,0000.023
Scapa  Lawrence Pentz (ch)28 Nov 1710,000479.647,96010,0000.007
Spire Healthcare  Justin Ash (ceo)23 Nov 1784,500236.5199,843173,5000.043
Spire Healthcare  Peter Bamford27 Nov 175,000239.8411,9925,0000.001
Thomas Cook  Paul Edgecliffe-Johnson23 Nov 1717,85211119,81617,8520.001
Topps Tiles Matthew Williams (ceo)28 Nov 17300,00064192,0002,018,6961.028
Topps Tiles Rob Parker (fd)28 Nov 1740,0006425,600417,8950.213
Urban&Civic Ian Barlow28 Nov 1717,800274.7548,90692,2720.064
Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Caspian Sunrise Kairat Satylganov (cfo)27 Nov 1729,745,9587.412,204,175175,682,69710.522
Clinigen  Chris Rigg23 Nov 174,955101750,3921,6080.001
Luceco John Hornby (ceo)24 Nov 172,000,000234.534,690,60031,396,51219.525
MJ Gleeson♥Christopher Mills23 Nov 171,500,00072510,875,0007,055,00012.924
Mincon♥  Kevin Barry29 Nov 173,800,00088.658773,369,03311,117,8005.281
NAHL  Steve Dolton (cfo)23 Nov 1710,00015015,000898,9991.952
Nasstar Lord Daresbury (ch)29 Nov 173,200,0009.97319,0401,588,5620.277
Schroders Michael Dobson (ch)23 Nov 1751,6783,5081,812,864151,3940.067
TBC Bank  Giorgi Shagidze (cfo)23 Nov 1753816508,8774,5650.009
TBC Bank  Giorgi Shagidze (cfo)27 Nov 171,9251,614.1131,0722,6400.005
TBC Bank  Stephan Wilcke27 Nov 1710,0001,593.75159,37551,0750.096
* placing/tender/open offer ♥ spouse/connected party