Tandem Share Discussion Threads

[castleford tiger] 02/3/2018 18:12

MM want 10% profit on trades that's too much.

Any forecasts on the Dividend for the year?
Tiger

[my retirement fund] 01/3/2018 11:41

Depends what terms they leave on really. Till then barge pole required.

[amt] 01/3/2018 10:52

Whats the opposite of a profit warning. I think thats what we got today.
Pity about Brexit which seems to be damaging confidence when the rest of the World is enjoying strong growth. However once everything is clearer in a few months perhaps consumer confidence will return.

[castleford tiger] 01/3/2018 08:47

I think at least 1.5 so 30p eps

Savings were a million a year remember. May even make 2 million.

Way too cheap but we all know that.
Tiger

[amt] 01/3/2018 08:22

Looks like something around 3m of cash generated judging by the reduction in debt although cannot state that catagorically there has clearly been a lot of cash generated.
Looks like current pe is less than 5 so hopefully plenty of upside.
Its becoming a very lean and efficient business with a great range of products.

[value hound] 01/3/2018 08:15

I think it's worth significantly more. They're almost always a little diffident about the outlook; who wouldn't be in this retail environment?

[amt] 01/3/2018 07:58

Very tough markets so difficult year ahead but excellent management so I am confident of the longer term.
Fabulous results though and large reduction in debt shows a lot of cash has been generated. Market cap less than 5m for a company with sales well over 30m. I should think the stronger pound vs USD will help in current year.

[18bt] 01/3/2018 07:20

Significantly ahead at net profit level - presumably that means at east back to 2015 levels and possibly more, meaning EPS of 20p or more. Like the prudent management of the ToysRUs situation and cash generation. A much more detailed statement than usual, which s good. A mixture of prospects, but growing feeling of confidence in the management team.

[castleford tiger] 25/1/2018 18:07

Trying to increase my position but
to buy today 112.5p
to sell 95p

That's a 17% paper loss on day of purchase.

Anyone want to sell and go in the middle I am a buyer

tiger

[graham1ty] 25/1/2018 16:17

David, I had no idea of the greed. Unbelievable, quite unbelievable. Total remuneration for the last few years:
2016 was £689,000
2015 was £665,000
2014 was £820,000 ( three Directors got over £200,000)
2013 was £566,000

That is over half the market cap paid out in four years. Or last year alone 13% of the market cap paid out !!!!!!!!

Greed, greed, greed

[castleford tiger] 25/1/2018 12:48

that's not good.
sitting on about 2% plus a few in family names just the 4% remains.
Its not fit for market to be fair.
tiger

[my retirement fund] 25/1/2018 12:30

I had £1000 of them circa 2000. My holding is now worth around £30 hope that helps.

[davidosh] 25/1/2018 12:03

It would be interesting to show what returns shareholders have had and the returns to directors in that time as the directors were keen to pay out so much to buy the shares off that aggressive activist investor a few years ago. That suggested value in the company somewhere or for some reason !!

[graham1ty] 25/1/2018 07:19

Tiger, it is a while ago, but they paid £4.3m for MV Sports, £1m for Ben Sayers, Pot Black and Two Wheel Trading for £1.6m, and Dawes for £0.7m. That is another £7.6m ( Ok since 2000).

The only fundraisings I can think of are a Placing in 2000 ( £0.6m), an open offer in 2000 raising £3.4m, and a 2002 Placing for £2.2m.

One could ask where it has all gone !!!!!

[castleford tiger] 24/1/2018 06:39

Acquisition of freehold property

Tandem Group plc (AIM: TND), designers, developers and distributors of sports and leisure equipment, announces that it has completed the acquisition ("Acquisition") of the freehold on its property in Castle Bromwich, Birmingham for cash consideration (before expenses) of GBP2.6 million ("Consideration").

The Consideration was satisfied by means of a new 5 year term loan of GBP1.6 million provided by the Company's bankers and the balance from existing cash resources. Interest on the term loan will be charged at a rate of 2.5 per cent above base rate.

Following the Acquisition, the Company expects to save approximately GBP0.3 million per annum net of interest payments.


AS THIS WILL BE PAID OFF in February this will allow another 350k a year to flow into the business that has been paying off the loan.

Tiger

[castleford tiger] 24/1/2018 06:36

We paid out £5.5m to buy Pro Rider and ESC. What are they adding to the bottom line and if they are why is the whole company valued at less than that having also paid out for the freehold of the HQ and factory.

davidosh answered my question.

We keep making lumps of money only to have massive amounts written down.

We are CAPPED at 5m.
We make a million a year after all these items have been thrown at the accounts.
We yield 4%
We have a growing pile of cash and real assets DOUBLE the market cap.

Strategy is lacking as I have no idea what direction we are going in.
The second half will have been difficult because if anyone can think of an excuse or two this lot can.
I wonder what Mr Bragg thinks?

Tiger

[castleford tiger] 24/1/2018 06:26

Certainly not good for holders Graham.

Remind me how much we have spent on companies since 2004/2010.

Tiger

[davidosh] 24/1/2018 00:02

Over $1.40 should be good news as reduces the import costs

[amt] 22/1/2018 15:45

The sterling rate us dollar us approaching 1.4 so improved margins should help.

[graham1ty] 22/1/2018 15:20

Just traded below £1. Oh dear, oh dear. Back to the levels of 2004 ( and 2006-07, and 2009, and 2012-14).

[neverforget] 21/12/2017 10:11

Not only that tho. You read all market reports and toys are not doing well this year which will impact on tnd

[castleford tiger] 04/12/2017 15:59

I think more and more is on line and TOYS have too many expensive stores.

there will be a cash write down and the loss of a big customer.

tiger

[amt] 04/12/2017 12:55

Sorry I hadnt spotted that.
Anyway its a tactical decision it seems.

[imjustdandy] 04/12/2017 07:27

Up to 800 jobs are on the line after it emerged that struggling US retailer Toys R Us is looking to close a third of its UK stores.Toys R Us is understood to be working on a company voluntary agreement (CVA), an insolvency procedure used by retailers to close loss-making stores.It comes as retailers struggle to coax shoppers to part with their cash in the run-up to Christmas, normally the sector's busiest period of the year. Experts said November had been a disastrous month for the toy industry, with sales down 10% and profit margins under pressure from excessive discounting.