Tandem Share Discussion Threads

[supreme mo] 26/3/2010 07:51

Now AB holds over 10% he could single handedly call an EGM.

GG are your pockets bottomless?! ;-)

[stemis] 25/3/2010 19:58

Adjusting for the share consolidation, EPS was 12.75p in H1. So if we get more of the same in H2 (and remember H1 bore a £326k charge for marking forward exchange contracts to market), that's a P/E of just 4.0 despite the rise. Should be 150p at least. If this was a company that looked like it was heading anywhere, then 200p+ would be reasonable.

[asagi] 25/3/2010 18:02

Andrew Burgess' shareholding goes over 10%:



Asagi (long TND)

[pingi] 25/3/2010 15:37

Thanks for confirming, 16.8 still cheap.

[davidosh] 25/3/2010 15:21

pingi.....spot on. Divide the current price by 6.25 to get the old share price We are still nowhere near the 2008 high and the company and shareholder register is in far far better shape now IMO.

[pingi] 25/3/2010 15:14

Still thinking in old money... 6.25 price factor. Is that about right?

[nickcduk] 25/3/2010 09:39

Email sent. You can delete the email address if you want.

[nickcduk] 25/3/2010 09:14

GG,

If your still looking for more stock I might be looking to reduce my exposure here. Ill post my email address briefly on the board if you are.

[greengiant] 25/3/2010 09:04

Morning all,

Sorry for no posts yesterday, I was meant to be in a meeting with an Asset Management company today, but it was changed to yesterday. I continue to add and I am fundamentally opposed to the appointment of Simon Morris, this is in my opinion is a step backwards. I really cannot see what value he will add to the company. I continue to add and will be voting against his appointment

gg

[asagi] 24/3/2010 00:09

supreme mo - me too.

[supreme mo] 23/3/2010 19:24

Asagi, I think GG was being sarcastic!

Totally agree with him, not sure we do need another accountant on the board I have to admit.

If they are trying and I mean the word trying to put up a fight - they have just gone completely the wrong way about it.... why would they want to upset the majority shareholder?


Rumour has it the board were interviewing pre christmas for NED roles - for god's sake - why does it take 3 months to put an NED in place? Surely someone who could have had a super influence on the company would have been snapped up by someone else or they would have gotten bored of waiting to hear an outcome whether they were successful or not! - and now given the change in circumstances over the last 2 weeks (i.e. AB buying a large shareholding), why didn't they would want to engage/consult him prior to making a decision??

[watchout2] 23/3/2010 11:12

Maybe Tandem are going to launch a bid for Halfords :-))

[puffintickler] 23/3/2010 11:11

Bit of info on the net:

www.impax.co.uk/about/simonm.htm Published on: 3/20/2007 Last Visited: 3/20/2007
Simon MorrisNon-Executive Director, Impax Group plcChairman, Impax Capital

Simon is Chairman of Impax Capital and a Non-Executive Director of the Group board, which he joined on 3 June 2004.He has practised corporate finance for over thirty years, initially at Lazard Brothers and Dillon Read and more recently with his own firm, MSB Corporate Finance and then with Smith & Williamson.He has experience in a wide range of transactions and industries and was Chairman of M&A International Inc., a global network of merger and acquisition specialists.

Impax Group plc - rns
Published on: 2/8/2009 Last Visited: 2/8/2009
As part of the Board's transition, Simon Morris and Nigel Taunt will be stepping down at the conclusion of the Company's forthcoming Annual General Meeting. It is customary to pay tribute to retiring directors and, on this occasion, I want to express my deepest thanks to them in helping us to secure the bright future we face today. Simon, as a non-executive director, has given us both time...

[asagi] 23/3/2010 10:32

Good corporate governance? Acting in shareholder's interests?

Those would be two good reasons.

Asagi (long TND)

[greengiant] 23/3/2010 10:16

Asagi, let us not be silly, why would TND think to do something like that?

gg

[asagi] 23/3/2010 10:14

Were the large shareholders consulted ahead of this appointment?

Asagi (long TND)

[greengiant] 23/3/2010 09:55

No it was me. I have now gone beyond JAM in shareholding

gg

[grahamty] 23/3/2010 09:53

If that is Morris buying 10000 at 99p on his appointment that is good news.

[wraz] 23/3/2010 09:46

Totally agree. Last thing needed at this stage is a bean-counting snout. This seems more of a defensive rather than expansive appointment and I worry that the Board will spend more time wrapping arms around each other pondering ways to fend off "those nauseous trouble-making investor types" instead of concentrating on growing the brands.

[skegbyhouse] 23/3/2010 09:38

It seems a strange time to appoint a non-exec, considering the current uncertainty over future control. You would think they would wait until after meeting Andrew and the other private shareholders.

Of course it is possible that they have been working on this since before the current excitement began.

Difficult, though, to dispel the suspicion that this is simply a management-friendly appointment with the accompanying business skills coming second.

Time will tell.

[davidosh] 23/3/2010 09:01

CWA1.....Lol you terrible man. We need to give credit for appointing someone after all these years but the question will remain as to whether anything at all would have happened if we had not pushed for appointments last year. I do not have any knowledge whatsoever of Simon Morris and it will be interesting to know if anyone here has any ?

gg....If you feel it is a poor appointment and you have no confidence at this early stage it worries me. I can only say I am prepared to listen to what the company have to say on the subject whilst well aware that you have the power to call an EGM or make changes as necessary with the backing of tens of shareholders here no doubt.

Overall it is mildly positive but so much has happened before the appointment was made that frankly the new non exec will have his work cut out to gain acceptance by the vast majority of the shareholders purely because morale was so low amongst the troops and communication from the front line had not worked its way back!! Simon may not even get a chance to put his camouflage gear on if gg. has anything to do with it.

[cwa1] 23/3/2010 08:33

At least he seems to be an expert in hygenic pigging. Is that a euphemism for more cleaning up for snouts in the trough?