Tandem Share Discussion Threads

[simon templar qc] 06/4/2014 18:58

Any brokers covering the stock I see no forecasts?

[anslow] 06/4/2014 18:44

LONDON--Shares in sports and leisure products maker Tandem Group PLC (TND.LN) rose 41% Friday after reporting a recovery in the second half of 2013, and saying this has continued into 2014.

The Castle Bromwich, England-based firm which has two main units, said revenue in the second half rose more than 17% on the first, lead by the sports and leisure unit, but this still wasn't enough to offset the 22% fall in the first half ended June 30, which was hit by the poor weather.

In the second half the sports, leisure and toys unit increased revenue over 40% compared with the second half of 2012, compared with a 26% fall in the first half.

For the year ended Dec. 31 group revenue fell 2% to 28.35 million pounds ($47.1 million) leading to a profit before tax of GBP16,000, down from GBP768,000 in 2012. Striping exceptional and other costs, adjusted pretax profit was GBP823 million in 2013.

Despite the fall, the company has raised its dividend in line with its progressive dividend policy. It has declared a final dividend of 2.3 pence, up from 2.2 pence, making a total payout for the year of 3.45 pence.

"Group revenue for the first quarter was well ahead of the corresponding period in the prior year," Non-executive Chairman, Mervyn Keene said.

Shares at 1205 GMT up 32 pence, or 41%, at 110 pence in a slightly higher FTSE AIM Index--up 0.05%.

-Write to Ian Walker at [e-mail]

Access Investor Kit for Tandem Group Plc

[castleford tiger] 06/4/2014 17:34

Yes ST you are right but I have a further 120k to go at.

if you read back I bought all the dips.

talk tomorrow.
Tiger

[simon templar qc] 06/4/2014 14:02

CT That comes of putting skiing before your investments! Will call u this week sometime!

I bought on the day!

[castleford tiger] 06/4/2014 10:38

Certainly looks like we could make a million plus this year.
The 600k taken as an EXCP may also unwind.

Unless things have changed at BOD level just very lazy and plodding along.

I sold the 7500 at 117.5p on the day as I was away and had not fully read the news.
Not sure if we will ever get a valuation of above about 6 but 25 to 30p gives up 150/180.

I will try to do the AGM to see if we can find out more.

Need to stop taking EXC items and let the profit flow.
Tiger

[anslow] 04/4/2014 22:03

Amt totally agree very under valued the re rate should continue

[mrshaungcm] 04/4/2014 20:54

any doubters here LOL
u lot must do more research

[amt] 04/4/2014 20:15

So EPS of between 30p and 60p for 2014 is my guess unless something goes wrong. So pe of between 5 and 10 and you get some idea of how cheap the shares are.

[simon templar qc] 04/4/2014 13:53

Granham no!

I couldn't miss this opportunity I could only get hold of 5,000 first thing otherwise I would have bought more.

[davidosh] 04/4/2014 12:20

am not so sure that was a buy of 100k as the share price fell off to accommodate it so probably a sell. Price moving up again so MMs can make a nice turn on having bought those.

Anyway H1 will certainly look good this year compared to last year.

Maybe the sudden interest here will mean we have a few more at the Agm this year ? 10th June and powered by solar lol

[amt] 04/4/2014 12:05

Pe of 5 falling to probably 3 this year is rather mean.

[anslow] 04/4/2014 11:24

Massive buy 100,000 gone through

[anslow] 04/4/2014 10:50

Great rns for a small company this will shoot back up no doubt about that

[18bt] 04/4/2014 10:42

SP raction shows just how out of line a v small stock can get!

[5310carraroe] 04/4/2014 09:20

Good enough results

[cwa1] 04/4/2014 08:18

Tandem in share price goes UP shocker :-)

[graham1ty] 04/4/2014 08:15

Have we seen u on here before Barry ?

[simon templar qc] 04/4/2014 08:08

Market cap too cheap have just bought 5,000.

[18bt] 04/4/2014 07:48

Usual lacklustre and mere facts style of announcement. But there are one liners such as sales for the 1st quarter being well ahead which could foreshadow much better times. All in all it still looks a very asset rich, cash generating business with lots of room for margin improvement that a stronger management team could make more of. The only investments they seem capable of making is in property and solar cells.

[graham1ty] 04/4/2014 07:43

Blimey, they have exceeded expectations for the first time in years !!!

[cwa1] 04/4/2014 07:42

Better than expected:-

Outlook

The year has started positively both in own brands and licensed product. Our new range of products for 2014 have been well received at the various trade and road shows attended in January. Although extremely wet in some parts of the UK, the weather has generally been milder and there are more encouraging signs emerging from the macro economy.



The breadth of new licences agreed for 2014 and beyond in our sports, leisure & toys business demonstrates our continuing commitment to provide a platform for growth. In our bicycles business, a number of new product developments, for example our 'Academy' range of premium junior cycles, will support us in taking market share in a mature leisure cycling market.



Group revenue for the first quarter was well ahead of the corresponding period in the prior year. Although we were required to record a significant foreign currency fair value adjustment at 31 December 2013 this will unwind as foreign currency contracts mature which should enhance 2014 profitability although we continue to remain conscious of the impact of fluctuations in the US dollar.

[mrshaungcm] 04/4/2014 07:12

divi due - so still yielding

[wapper] 07/2/2014 00:05

Rose tinted specs on amt ???? This Company needs a massive shake-up.

[amt] 06/2/2014 22:18

Very good second half if you exclude exceptionals. So for new year a profit of somewhere between 1. To 2 m on the cards.