Tandem Share Discussion Threads

[davidosh] 23/6/2011 11:09

How many of you are coming to the AGM on Monday ?

[mrshaungcm] 27/5/2011 20:58

Bikebiz today
Since then Halfords has posted a rise in sales, while IBDs are having a rollercoaster of a time, according to ActSmart stats. Significant firms like Shimano, Dorel and Accell are performing well this year and the word on the street in the UK is that while bike sales are very tough, P&A sales are positively booming. And the consistent message we hear is that workshop business is surging like never before.

With factors like those eye watering petrol prices encouraging folk onto bikes, plus the Olympics and plenty more reasons to be positive, the bike market has much going for it, even at a time like this. But invulnerable to the credit crunch? Only time will tell.

[castleford tiger] 27/5/2011 18:50

2% of the company for 88 grand.
so 4.4 million market cap now.

Makes a million a year, has turnover of 35 million. Has brand value, how long before someone takes this private?
anyone got the latest shareholder holding report?

EPS could be as high as 25p this year. Dividend?? 5 or 6p

Tiger

[grahamty] 27/5/2011 14:34

Noone seen the announcement ? Another 2% bought in at 111p. If it was good value at 140p, it must be better value at 111p. Suprised they needed to pay 111p though ? There seems to be enought stock ( well certainly 25,000 or so) at 105p. Hope this takes away any overhang.

[mrshaungcm] 24/5/2011 20:50

I am in the trade(retail) with good wholesale contacts
Have posted here some months ago
Not a holder
Usually ramping on GCM board LOL

[davidosh] 24/5/2011 20:47

MrShaunGCM....Where are you getting your data from ? Are you in the business of selling bikes in some way ? We have not seen you here before so excuse the need for a bit more meat on the bone ..

[mrshaungcm] 24/5/2011 20:05

Recent bike trade update
Last 5/6 weeks has seen good sales(up 15%) in many shops
Bike to work schemes are coming back on stream
Margins being maintained

[poco a poco] 22/5/2011 20:16

From a recent interview with Olympic Cyclist Chris Hoy.

"Hoy is taking part in The Sky Ride, a mass participation event he hopes will become to cycling what the London Marathon is to running. The aim is to get a million new people on bikes by 2013. We are trying to get a bigger shift of culture here like there is on the continent where cycling is part of peoples lives."

In view of this excellent initiative, I wonder what the Tandem B.O.D are doing to take advantage of this magnificent opportunity ?
On past and present evidence - probably not a lot.

[castleford tiger] 03/5/2011 18:56

Guys i agree 100%

Holding 2.98% of these and keen to increase my stake i have had a long discussion today with the company and its brokers.

We are pushing for some coverage (maybe brokerlink) which will give us some forecasts.
I am also lining up a shareholder meeting (post summer) when we can discuss the SR and have a presentation. Again questions can be asked.
I have made it clear that the directors have a responsability to shareholders and this includes
Getting a return on our investment with an increasing share price
A progressive dividend policy.

To pay 3p and have it covered 6x looks a bit mean.

Anyway i will revert as soon as i can.

I expect EPS 23/25p for current year rising to 30p in 2012.
The shares should be around 200p.

best Tiger

[davidosh] 03/5/2011 13:45

We also need to see some reasonably well put together and reasoned forecasts in the market so that investors looking for the first time can get an understanding of the direction the company is heading. Anyone reading the final results for 2010 is bound to look to see what forecasts are in the market for this year and hopefully next !

[grahamty] 03/5/2011 13:39

On a proforma basis, allowing for the buyback eps are c23p. So, pretty much 4x. A shareholder meeting would be useful, but suspct we will have to wait for the AGM. I wish that TND had some links with the press, to get a positive ( not ramping) story in the IC, GCI, LCF, anywhere, just pointing out the consistent profits etc etc. Widening the base of larger and serious long term investors. No ramping like last year, just one, quite big, patient buyer.

[davidosh] 03/5/2011 13:34

grahamty....I agree totally. This is a company where shareholders have complained and the communication has vastly improved. The future looks reasonably bright so a p/e rating of just five considering the strength of the balance sheet does look very mean. I think another shareholder presentation might help.

[grahamty] 03/5/2011 13:19

Let us not be too negative !! They have beaten last year, despite horrible conditions out there. Stock levels are up, but that is explained ( if stock levels had stayed at c£5m, cash would have been over £5m, more than the market cap). Dividend increase cautious, but OK.

Tandem has been consistently profitable and cash generative throughout the worst recession in living memory. Do not knock the performance.

What we need now is a period of stability and strengthening of the share register by long term holders without the artificial market of the last year. Tandem is worth far more than 100p. Engagament with shareholders last year was a mixed experience for the Board, but has to be encouraged. Tandem will be fine !!

[whoppy] 03/5/2011 08:06

Still blaming outside influences on a static performance. When will they put in a performance comensurate with their remuneration. Absolutely useless.

[18bt] 03/5/2011 07:44

Results out today. The Board is back to it's old habits of very little disclosure. Time for another shareholder to collect a big stake and then get the company to buy it back. At least they have cash on the balance sheet, but there's a huge increase in working capital only partially explained and some financial liabilities which seem to be invoice discounting - debt by any other name. A half decent yield is the sop to shareholders.

[rubbadubdub] 26/4/2011 15:11

Another RNS regarding greengiant today. Now up to 6% of Havelock. share price up 10% so far today. One to follow!

[polar fox] 25/4/2011 10:14

Thanks for posting the TND chart here and on the Havelock board, andonis. You don't make any comment, so I'm not sure of your purpose. However, the chart does serve the very good purpose of underlining the positive and profitable effect that AB's involvement had on the TND share price - it rose from around 65p in March last year, when he first started buying, to an intraday high of 177p at the beginning of this year, a few weeks before he sold. That was an increase of about 170%.

As for Havelock, it's already up around 40% since he started buying in February, at Thursday's 14.50p close. Just goes to show the excellent potential. There's much riding on Havelock's hoped-for business recovery, of course.

[rubbadubdub] 25/4/2011 06:46

greengiant made some comments about TND in his post 2154 on the HVE BB yesterday afternoon - probably the first such comments since he exited on 14 February, I believe. That post also confirms his intention to continue to add to his stake in HVE. Very interesting situation developing there.

[rubbadubdub] 24/4/2011 11:20

For general information, greengiant has begun buying into Havelock Europa (HVE). He is posting on that board. Two shareholding RNSs so far - 4.15% as of 22 Feb., followed by another RNS last week notifying an increase to 5.04%.

Looks like he intends to shake things up with HVE, as he did here. HVE's final results for 2010 are due literally any day; last year 29 April. HVE's share price has already begun to move up a little, after a steep decline from the mid-1990s. But his buying is still "under the radar", up to now.

As always, please DYOR - it's very much a recovery situation under new leadership.

[castleford tiger] 20/4/2011 18:20

Buying again. got 10 at 97p today. madness.

tiger

[s2lowner] 20/4/2011 16:09

Such a shame such iconic brands

[whoppy] 17/4/2011 18:17

Management doing nothing for this share as usual. Using shareholders money to buy back shares so they can improve the eps, which forms the basis for setting their own remuneration, and thereby allow them to award themselves pay increases through a perceived increase in eps, is imo underhanded. The argument is that it creates shareholder value but all it does is fill up their already bulging wage packet. We are being treated as mugs. No wonder AB sold out. I think he mentioned management were not pleased at the increase in share price due to his buying of the shares. I can see why now. It was messing up the management's buy back and limiting the ability to improve the eps and as such negating how much they can award themselves...greedy sharks. Have they not heard of reinvesting the money in the business and increasing the eps through improved performance by actual increases in sales and profit. I guess that's all too hard for them.

[davidosh] 07/4/2011 15:35

At the current increase in price of petrol you can give it six months and everyone will be on a bike....! lol