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2020

Small Cap Value Report (Thu 13 Aug 2020) - TPT, TRB, GDWN, CGS, PEN, DLAR, PVG

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Good morning, it's Paul here with Thursday's SCVR. Estimated timings - there's lots to cover in detail today, so I'm carrying on until about 4:30 pm.Edit at 15:58 - today's report is now finished. Please see the header above, for the announcements today which have caught my eye, in the small caps space. . Topps Tiles (LON:TPT) Share price: 50p (up 16% today, at 09:21)No. shares: 195.0mMarket cap: £97.5m Trading Update Topps Tiles Plc (the "Group"), the UK's leading tile specialist, announces a trading update for the six week period ended 8 August 2020. Checking my previous notes, I reported here on 1 July 2020, on a positive Q3 (Apr-Jun) update, plus a good performance in the first week of re-opening stores (LFL sales down only 5.4%). Today's update has a summary at the start (becoming increasingly popular, probably dreamed up by the PRs!), saying; Robust like-for-like growth; modest pre-tax profits now expected for FY20; well-positioned to strengthen market position... Remember that these summaries will be cherry-picking the best bits usually, so need to be initially treated with scepticism. EDIT: having looked through the whole update, I'm happy...



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