Tandem Share Discussion Threads

[amt] 22/4/2016 08:37

Pound recovering as likelihood of Brexit has diminished in recent days.

[amt] 22/4/2016 07:33

In the event of Brexit most shares and sterling would likely collapse on uncertainty whether justified or not.

[castleford tiger] 21/4/2016 08:38

BUT BREXIT WILL ?????

[amt] 21/4/2016 08:03

A non Brexit vote should give sterling a big boost so that combined with crash in raw material and energy prices should help margins. On 35m of sales a few % would be significant.

[castleford tiger] 20/4/2016 12:19

28 th june from the top of my head

[davidosh] 20/4/2016 10:25

When is the Agm ?

[castleford tiger] 20/4/2016 09:26

So we may have some more questions for the AGM.

We ( the BOD) destroy the share price 200p to 100p and then we grant options based on the new price 127p 9 yesterday)

That's not fair and I shall say so.
tiger

[castleford tiger] 19/4/2016 18:24

Its for Nowt !

[cwa1] 19/4/2016 09:45

Yes, just re-entered the TND fray after quite an absence with a modest purchase this morning. IF management can be believed it must surely be reasonable value, or better, at these levels....

[castleford tiger] 19/4/2016 09:26

Falling EPS ???

Last years included a large exc credit.

This years would be higher had we not taken the exc costs in buying ESC.

With ESC and even allowing for a reduction in cycle business 25p plus must be more than possible.
based on last years 5 x earnings the shares are too cheap.

Anyone see where extra options were granted?
Tiger

[amt] 19/4/2016 09:01

Better prospects than appeared to be the case a few weeks back. Seems share price fall was without much foundation. A very good income share now also so I can afford to sit back and take a good income and potential for a big capital gain also.

[my retirement fund] 19/4/2016 07:57

Hmm dept now a million higher at the sixes now. Not what value investors want to be staring at in the face of falling eps and poor saturated markets conditions. Especially given the very high risk of realistically integrating and finding value from the newly aquired business.

[boystown] 19/4/2016 07:44

Not bad results at all given the relatively mild warning and clearly somewhat undervalued.

But the trouble is - as they've said - the bike market is saturated and highly competitive, so they're casting around for other markets of which the same could be said, and which have few barriers to entry. Consumers are increasingly savvy and realise the old brands (Pot Black, Claude Butler, Dawes et al) don't always mean much anymore. Look at Karrimor - once a by-word for quality and made in the UK, now made in China and aimed squarely at the cheap & cheerless market by Mike Ashley's Sportsdirect - with an increasing realisation that such is the case amongst the public.

Also, it's very difficult to envisage another market in which Tandem are involved being anything like as buoyant and frothy as UK cycling has been for the last decade.

All in all, I can't quite decide whether to buy or whether this will tie my capital up in a bit of a value trap / overly competitive market with no real growth prospects beyond the highly popular "Chinese-import-retail online" model with few barriers to entry beyond branding which is of decreasing importance. Good financials, though, for pure value players.

[neverforget] 14/4/2016 09:44

a simple move in and out. call the fd

[castleford tiger] 13/4/2016 18:07

there was only one side reported.

tiger

[neverforget] 11/4/2016 18:07

was a cross

[castleford tiger] 26/3/2016 07:54

the shares traded and the company are both in breach of the reporting regulations.
The buyer seller has two days and so does the company.

very strange

tiger

[castleford tiger] 24/3/2016 17:54

fall over done some manipulation going on.

US$ strong or weak should never hurt a good company.
I trade them daily. I spend $ for imports.

Shipping costs down 75%
Weak Chinese currency saves 15% on costs.#
Cheaper fuel here.

there are lots of good things.

I remain of the opinion 30p plus per share again this year.

Tiger

[neverforget] 23/3/2016 11:19

wow what a fall. look back and you will see that I said that US$ would hurt this and the effect hasn't taken place yet.
what most people dont realise is that the company uses a vanilla hedge with cap and collar and that is now due for renewal so it WILL hurt margins in '16

[castleford tiger] 19/3/2016 18:18

5% of the company sold/bought /traded on Friday.

see what Mondays brings.

someone will have to declare that.
tiger

[woozle1] 11/3/2016 18:09

CT .. I've been in this share before and met the management and got to know Mr Keane quite well .. this quite a low grade business mainly because they tend to have to few distribution outlets and lack enough clout to drive margins higher .. the pro rider acquisition looks like an attempt to get around this problem .. the bike brands are weak and don't command high prices and the toys are mainly sold via Argos, who themselves aren't big payers and subject to their own problems .. it seems that the really valuable licenses get picked up by companies like Character Group and other companies, like Hornby and Tandem are left with the crumbs .. which is shame as TND are good guys .. all that said, there's a price for everything .. W

[castleford tiger] 11/3/2016 15:43

I am not sure you can go back 20 blaming current BOD.

MV Sports was a totally different company some may say rescued!

Lets look at here and now.

Tiger

[pugugly] 11/3/2016 15:30

MRF: Possibly the most telling post out of the last 20. If management are still largely the same (but 20 years is a long time) Then "bargepole - do not touch with" comes to mind - however you have failed to take inflation into account in the real value of the £50.

[blueball] 11/3/2016 08:49

I would be a buyer around 80p too much going on behind the scenes.