Tandem Share Discussion Threads

[castleford tiger] 26/3/2024 12:09

Sooty

i agree i think we get the big holders to launch a take out.
Saves 1/2m a year in costs to start with.

I am looking to add

tiger

[sooty snipes] 25/3/2024 18:45

Market cap of less than 11 million? The only thing I'm surprised about is that no one has taken us out at these low levels.

[amt] 25/3/2024 15:19

Darren have a look at Character Group if you don't understand the collapse of the toy market.

[darrin1471] 25/3/2024 13:31

The revenue figures pre covid were £39m for FY19.
Last year they were £26.6m which was 10% below the lowest revenue figures in a decade. Now they are down another 17%. Thats 43% down on the pre covid revenue and that does not take into account inflation.
It looks like something has fundamentally changed rather than destocking after a covid boom.


The share price appears well supported by current holders. Without that support the share price would be a lot lower and be of more interest to new shareholders.
I can understand bicycle and garden sales falling after the covid boom but I struggle to see why toy sales would fall from £16.4m to £14.7m to £10.1

I hold no position, long or short.

[castleford tiger] 25/3/2024 13:30

I will ask

[actscap] 25/3/2024 13:18

Anyone know if they managed to rent out the spare 70000 sq ft of space they weren't using?

[castleford tiger] 25/3/2024 12:39

MRF I disagree with your comments. If you report a loss the NAV will reduce.
Looking forward this year we are looking at 20% growth and a small profit.
Share are tightly held with 40% listed and another 20% with a group of private investors.
I cannot see the price falling but rather increasing to 300 plus as the recovery grows and the economy improves.

Whilst clearly some way to go I think we have strong leadership that will get the business growing again .
The company is now leaner and we should be back to a healthy profit before too long.

I remain supportive of the actions being taken

Tiger

[rcturner2] 25/3/2024 12:32

jeffian, I suggest you read back through the thread for the last 12 to 18 months and you will see the utter rubbish posted by CT on here.

[amt] 25/3/2024 11:51

My Retirement Fund, surely some metrics flashing Green or Amber

[value hound] 25/3/2024 10:54

Note from Cavendish concludes:

"Valuation .... As discussed above, the group’s profitability is currently suppressed, given the weak macro-economic environment. However, in the last full year pre-Covid (ie FY19A), Tandem generated PAT of £2m; if this represents ‘normalised217; profitability (arguably a conservative assumption, given increasing efficiencies resulting from the warehouse consolidation, new client wins / product launches, eMobility growth opportunities etc), it would imply a ‘normalised217; P/E of just 6x. At our 350p price target, P/TNAV would still only be 1.1x. We consider the shares to be meaningfully undervalued."

[my retirement fund] 25/3/2024 10:31

All metrics flashing red. Reduced NAV. Increased debt. Decreased cash. With absolutely no growth net/net in the economy and living standards likely to deteriate further, there is no reason to suspect change. Surprised, the shares haven't fallen further. Perhaps the market is still sleeping.

[jeffian] 25/3/2024 10:24

I realise that one should never, ever, act on anything posted by anonymous avatars on a free bulletin board but I have to admit I was tempted to look at this by the extensive and optimistic postings of CT. Not significant sums but, if not "lesson learned", at least a salutary reminder!

[castleford tiger] 25/3/2024 09:57

Thanks value brain fog on my part.

Last year was horrible but we seem to be making progress in early 2024 and the economic cycle could give us a tail wind later.
I think we are lucky to have a strong balance sheet and excellent leadership.
The shares are worth more than £2 on recovery hopes and physical assets.
I look forward to progress this year .
Tiger

[amt] 25/3/2024 07:29

Good results and outlook in a very tough economic environment.

[value hound] 22/3/2024 16:43

Actually Monday CT

[castleford tiger] 22/3/2024 16:21

results tuesday

[davidosh] 28/2/2024 14:18

On the cycling front it is not the e-bikes (which is where Tandem are strong) that are struggling but the overstocking and dumping of liquidated stock that makes general bike sales very tough.

[sooty snipes] 28/2/2024 08:42

HFD. That’s a huge reduction in anticipated performance since the Q3 update on the 25th of January. Wonder if they have a monitoring problem in their finance department, Something isn't adding up if you ask me. Jo Hartley, Halfords CFO needs to explain herself

[onjohn] 28/2/2024 08:24

Halford profit warning

[cwa1] 27/2/2024 07:16

Simon Bragg ups his stake...

[value hound] 26/2/2024 13:19

Yes, all good CT, but please let me know when it goes to 450p and I'll reassess!

[castleford tiger] 26/2/2024 12:56

The rise continues!

[amt] 25/2/2024 10:25

He meant 500p

[castleford tiger] 15/2/2024 21:55

MRF your latest thoughts please! ( on your 50 p target )

[davidosh] 15/2/2024 20:12

This has now moved up by nearly 50% in just two weeks in February...that is quite a move. I hope the markets Tandem serves increase as rapidly or at least lift significantly this Summer