Tandem Share Discussion Threads

[18bt] 07/3/2017 08:19

Good question Tiger - my overall impression is a rag bag of businesses with little logic between bikes, mobility and toys

[castleford tiger] 07/3/2017 08:01

so will we make 1.5/1.6 with the exc gain.

1 million in savings current year so could be well over 2 million this year.

far too cheap but how do we get value out of it?
Tiger

[my retirement fund] 05/1/2017 22:07

Lol got my entire original investment plus interest from MV Sports back from the FCA because it was sold them via a boiler outfit of brokers called City Equities.

[mrshaungcm] 10/11/2016 21:33

Halfords figs out today - Cycling looks fairly strong compared to the IBD market

[castleford tiger] 27/10/2016 12:52

There is a fair few quid there Mr Shaun. 150k a year?

Sad for those out of work.

They do seem to be moving to direct sales more looking at the platform.

JaykayTee

I have not done my usual yet due to other pressures.
The pension story needs investigating.

I think once again the accounts talked the business down.
however I reserve judgement till I go through them.
tiger

[mrshaungcm] 24/10/2016 07:57

hxxp://www.bikebiz.com/news/read/tandem-group-lays-off-staff-brexit-likely-to-be-part-of-the-story/020231

[jaykaytee] 17/10/2016 17:04

Hi Tiger,
So what did you make of the accounts, if you don't mind me asking?
JKT

[castleford tiger] 01/10/2016 13:42

Effortless

Calm down and try to be polite.

I have not read the accounts yet I just passed a comment.
I am an accountant by the way so you can relax there.
tiger

[effortless cool] 01/10/2016 12:33

So what? Net assets at 30 June 2016 were GBP8,048,000 against GBP7,819,000 at 31 December 2015.

They made £646k profit in 2015 H2 and booked a £200k pension gain outside the P&L.

There is no mystery here, you just need to learn to read accounts.

[castleford tiger] 01/10/2016 11:35

Net assets at 30 June 2016 were GBP8,048,000 against GBP6,843,000 at 30 June 2015.

[effortless cool] 30/9/2016 09:52

Net assets have not gone up significantly - only £229k, of which £139k relates to an increase in the translation reserve.

[castleford tiger] 30/9/2016 09:36

Net assets ? funded?

[graham1ty] 30/9/2016 09:11

Tiger, net assets are up because of the £2m acquisition in 2H last year surely ? Not because of any retained profit. Net assets since the year end are virtually unchanged....

[castleford tiger] 30/9/2016 08:57

Still cannot buy meaningful amounts this morning.
Ask how a significant increase in net assets are shrunk to a small profit?

Sales up a large chunk in second half.

Clever but as shareholders we either get a chunky yield or growth in the share price.
Any sellers out there at mid price let me know.

Full review later

tiger

[amt] 30/9/2016 08:00

You can only hedge so far and it looks like sterling weakness is longterm so will have to live with it. Very bad luck. The increased dividend shows much confidence going forward so I expect a good second half. Its becoming more of a toy and leisure business than bikes.

[graham1ty] 30/9/2016 07:30

Bikes and mobility revenue down 25% and barely break even. They appear to have conceded the duty argument over the scooters. And have not hedged enough, so have had to raise prices......

[davidosh] 28/9/2016 14:13

There are at least another 10% of shareholders that would back you. Have you requested a seat on the board ?

A presentation to investors when the results come out would be a good start.

[graham1ty] 28/9/2016 10:20

Andrew, with 5%, call an EGM and propose a candidate. TND Board cannot be seen to vote it down, would look awful

[graham1ty] 28/9/2016 10:20

Andrew, with 5%, call an EGM and propose a candidate. TND Board cannot be seen to vote it down, would look awful

[castleford tiger] 28/9/2016 09:49

Mr Bragg may have other ideas!

Over 10% between us and I want more.
20 would be nice and then we could have a seat at the table!
Tiger

[graham1ty] 28/9/2016 09:18

Some peoples fingers have been crossed for ten years. TND is a hidden gem, has always been a hidden gem.....except, it has never come up with the goods. I waited ten years for "something to change" and it never did. The Board needs refreshing to get a driven entrepreneur interested.

Though I objected to ABs ramp, and the method he used to get out, he was right. This will never change

[castleford tiger] 27/9/2016 09:01

I know what you mean but the market values these at 3x earnings.

Fingers crossed things improve !
Tiger

[graham1ty] 26/9/2016 18:08

Andrew, I admire you patience. An analysis of TNDs failure to break out, and reach any kind of critical mass would be too depressing. I must have first held TND in about 2005 at about 120p. It is still below those levels.......I am glad I moved on to be honest.

[castleford tiger] 26/9/2016 16:26

so tomorrow is my first guess !