Tandem Dividends - TND

Tandem Dividends - TND

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Tandem Group Plc TND London Ordinary Share GB00B460T373 ORD 25P
  Price Change Price Change % Stock Price Last Trade
40.00 10.39% 425.00 15:40:11
Close Price Low Price High Price Open Price Previous Close
425.00 385.00 435.00 385.00 385.00
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Industry Sector

Tandem TND Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

amt: Great results and despite C19 hope that H2 will be good also. Impossible to know of course since we have no idea how bad the virus might get in the months ahead. Management in my view have done an excellent job over the years in developing a first class diverse business and at last the stock market has woken up to the potential here. Sometimes it takes a long time but the market gets there in the end. My prediction of a 4 or 5 quid share price I made a year ago doesn't seem far away. What a great investment this has been.
indonews: This could be taken as negativity, or just plain fact, im just stating as fact, they have no stock. They always manage stocks tightly and take minimal risks, i am just highlighting that for you guys expecting huge dividends and a huge share price spike you are likely to get your fingers burned very badly.
my retirement fund: David I wouldn't expect anything else than a pragmatic view from yourself and I'm trying not to comment further. However the share price has not broken its medium term ceiling upon this news and that speaks far louder than the views of others. I think what the market needs to see is immediate evidence that things are progressing. If it's the boards intentions to value and importantly add value to the shares now, then the best thing they could now possibly do it start buying the shares privately too !
my retirement fund: Yea jog on AMT. Difficult to put into words the stupidity of a claim that the share price has faired well when clearly its shrunken several times over when adjusted for inflation. It's a great pity the directors salaries have not shrunken in a similar fashion. The irony being quite the contrary. So to put your stupidity into a words isn't so difficult. The word is "idiot" !
davidosh: amt....You said... Davidosh. I hope we can agree to keep our posts civil and reasonably friendly and not start to get personal. Well I did not think I was being anything less than civil or friendly. I have been on here, and apparently a shareholder, almost as long as you so the last thing I wish to do is be unfriendly. We have suffered together even if you have suffered in ignorance! I have actually attended Agms and I can assure you any suggestion that the board and especially Mervyn are now becoming interested in investor relations is total hogwash....What have we seen that has changed since the last Agm exactly one year on...? What happened to the shareholder/investor relations committee idea that Mervyn suggested was already in motion !? You are not likely to see anything happen at Agms as look at the current situation......they will not even consider a Zoom link and frankly just want shareholders stay away or go quiet. Presentations should be done when results are announced so that shareholders and investors have a chance to fulluy understand historic numbers and look to the future with best guidance from the board as there is zero input from brokers and no forecasts. Why is the Agm the only time they can do a presentation or are you suggesting it is just once a year that they need to worry about those 'pesky' shareholders !? If you wish I will set up a shareholder zoom call and we can all try to agree a few things as owners if you are coming from it at such a different angle than 85% of the other shareholders. It is the fact that the board have been so poor on investor relations and so poor at making us feel like shareholders matter that has got us into this mess. If you think you can be a long term investor and make money by timing the highs and lows of a share price in a company that is off 23% in 20 years whilst the AIM market in sensibly run ,dividend payingcompanies is up over 200% then best of luck but I promise I can show you 80% of companies in my portfolio that have done far better than Tandem
jaknife: "If you look at the share price over the last 20 years you will see its been a good performing share." FWIW the share price has fallen over the last 20 years and at the current 230p is down 23%. Here's the chart: On the face of it you'll disagree with me but that's because the chart is missing a very key event from 2003. on 3 Feb 2003, Tandem acquired MV Sports Group plc and in conjunction with that offer: "Tandem is planning a share capital reorganisation which, if approved by its shareholders, will result in an effective consolidation of the Tandem Ordinary Shares on a ten for one basis prior to the Scheme becoming effective." See: Https://www.investegate.co.uk/tandem-grp-plc--tnd-/rns/offer-for-mv-sports-group-plc/200302030700099279G/ So when you look at the chart above, it doesn't actually start at 30p, but it starts at 300p, allowing for the consolidation! JakNife
davidosh: amt....You must be joking or maybe you are related to Mervyn ! You stated.... A presentation at the AGM which should be filmed and put on the website. Of course I would expect a certain level of Corporate Governance but nothing like the level and expense required for a fully listed company. Perhaps filming the AGM presentation and if its not too costly an occasional interview on one of the many online sites might be a good idea. FACT....Tandem have never put on a presentation at the Agm and nothing has ever been filmed. About 11 years ago with Andrew Burgess building a stake they agreed to do a presentation in London. It was on the day of a tube and bus strike and only six shareholders made the journey so the directors used that as an excuse not to do any more. It was only me promoting it. I have offered free presentation opportunities but they have declined.....over 100 companies have attended my Mello investor dinners in Beckenham since 2005 and met with hundreds of investors.....not Tandem as they seem to think I have an agenda as a dedicated shareholder......work that one out !? Tandem are a listed company but they never ever meet with institutional investors in the City or via their broker. There is no broker research or forecasts and they are completely off the radar for most investors even though they pay a small dividend and are profitable. There is no publicity around results even if the company is doing well......the current interest in the company is all surrounding this corporate governance issue. When was the last time you were offered a presentation by the directors and you claim to have been a shareholder for two decades and that it has been a very successful investment? I would love to hear about your annualised return as nearly all investors in the company that I speak to have been frustrated by the poor return on their investment and up to March last year most were in negative territory. It is only in the past year that we have seen positive share price appreciation and you could argue that investors now see the seeds of change.
amt: It looks like shareholders are shooting themselves in the foot. I have been invested for many years and made a decent return on an ever rising share price with large ups and downs along the way. Plus a good dividend although I am more interested in capital growth so not really interested in the income. Now when the share price is in a bull phase there is a danger of derailing it over some minor potential technicality of 20,000 quid. It's all a distraction when there is a huge opportunity for the business to move forward in a booming bike market. Its not just for the sake of making money by the way. The country needs bikes as an essential resource to help it get through this by both keeping people healthy and getting to work. Let alone dealing with all the health and safety issues at an unprecedented time. There are not many companies that have managed to ride out this Pandemic successfully which has brought the economy to its knees. In many cases its about survival. Companies also have a responsibility to its employees which need looking after in such terrible times. Let's get a sense of proportion on what is important in these difficult times and support those who I am sure are doing the best they can to keep things going.
bozzy_s: This has been on my monitor for 15+ years. I was a shareholder many years ago. Still follow the results, trading updates etc, as it remains so incredibly undervalued (i.e the market sees TND's management as liabilities). Today's RNS was one of the worst I've ever seen. Why did the NOMAD sign it off? The former chairman comes across as a laughing stock. This is one of the best bulletin boards on ADVFN. Chocked full of successful entrepreneurs / investors. He should try reading BBs of other AIM listed microcaps. That's where he'll find 'keyboard warriors'! If shareholders asking for a fair dividend is his definition of trolls / keyboard warriors, it's just as well he's going. He'd be thrown out. What an utterly clueless prat. What a ridiculous RNS!! Hopefully for you guys this is the start of better management, fairer dividends, and therefore a much, much higher share price.
simso: Castleford said in post 3640 above "I am seeing t/o close to the 40m mark at @30% giving Gross P of £12m, I am off track here?" My forecasts have the simple (and hopefully prudent!)assumption H2 2019 will match H2 2018 Sales, Margin and Costs. That would mean FY 19 Sales of £36m, Underlying PBT £2.7m, Underlying EPS 46p. I forecast Closing Net Cash of £6m, and Closing Net Assets of £14m. With a current market cap of £9m, my forecasts would imply an Enterprise Value of just £3m, and current year Cash adj P/e Rating of 1.4 times. It is hard to imagine there is another share on the whole stock market where decent fundamentals are given such a lowly rating. The Directors' attitude towards shareholders is clearly a significant factor, much discussed on this board. The most likely trigger for re-rating would be a change to the dividend policy. To start with some context, Stockopedia highlights that the average UK Stock is on a P/e of 13 and pays a 3.5% yield....so is paying around half its earnings out as dividend. I would argue the average UK stock does not operate with a Balance Sheet as strong as Tandem, and see no obvious reason why TND cannot pay out (at least) half their earnings. I am sure a dividend of around 23-25p would see the share price re-rate to £3+ in very short order, and perhaps towards a more realistic £4. I attended the AGM this year, where holders questioned the miserly dividend. Mervyn Keene (Chairman) explained it was a legal requirement from the Pension Regulator (TPR) that Dividend Payments must be lower than Deficit Recovery payments. I have managed and dealt with Pension Schemes over decades, and had never heard of this requirement from TPR. I note that Norcross have a deficit of £49.3m from their 2018 Tri Annual Valuation..and have agreed a Revovery Plan starting at £3.25m pa. The cost of last year's Dividend was £6.4m, expected to increase +7.7%. Renew Holdings paid £5.7m cash into their Scheme (which I assume covers more costs than just Deficit Recovery) yet paid out £6.3m in Dividends. I think a change of Dividend Policy is the most obvious trigger for re-rating, and the disdainful attitude of the current Board towards Shareholders and what they would like is the largest obstacle to achieving that.
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