Tandem Share Discussion Threads

[castleford tiger] 27/6/2019 19:21

Well a very long meeting that I will let others who are far more eloquent than me tell you about.
No idea why MM moved it down as with close to a million profit first half we could get close to 3 by year end.
Pe if under 4 says it all.
I shall be buying again tomorrow.
Hopefully we get more dividend once Brexit is sorted
Tiger

[my retirement fund] 27/6/2019 13:56

A pound will be even better lol. Nothing will change here. Directors know how to keep shareholders firmly in a box here

[castleford tiger] 27/6/2019 10:31

Looks like a good entry point with 40 p plus EPS
Tiger

[cwa1] 27/6/2019 10:13

FWIW, I used to have a sizeable holding here but, for one reason or another, reduced it quite significantly over time. However, I've just taken a few back in the hope that the pullback is "overcooked". The statement was obviously a bit curate's egg stuff-however there was a bit to like in it and some cautiously optimistic tone too. Fingers tightly crossed and all that jazz.

[balcony] 27/6/2019 09:37

The stockmarket is always crazy,I think thats why i like it.

[hatfullofsky] 27/6/2019 09:28

The market is crazy right now and will remain so until August

[amt] 27/6/2019 09:06

So turnover approaching 16m for H1. So net profit perhaps over 1m?
If they can have as good a H2 as last year then perhaps 36m for year and 3m net profit within reach.
However as mentioned many uncertainties including Brexit by the way.
Clearly now is the time to be very prudent until we know which way the economy is going and particularly the pound vs USD.

"In light of the ongoing Brexit debacle, we are cautious with regard to future consumer spending which is discretionary for the type of products that we supply."

[hatfullofsky] 27/6/2019 07:11

Nice update, should put a floor in the share price

Warning on USD - a stronger US dollar is likely to impact on the profitability of the Group. 1.27 now which is near it's 5Y lows

[castleford tiger] 25/6/2019 12:18

Balcony

yes I got them but the prices made no sense.

48055 at 1.92
25000 at 1.99
reported at 17.15

price was 180/195

So clearly buys but from where?

trades last week
21st 5k
20th 0k
19th 0k
18th 2k
17th 2k

Pretty sure its Mr Bragg.

Tiger

[balcony] 25/6/2019 07:48

48000 plus 25000.

[davidosh] 24/6/2019 22:51

What were the large trades ? I could only see 2000 traded.

[castleford tiger] 24/6/2019 22:45

Wait for it!
Another 1.25% to mr Bragg
Tiger

[balcony] 24/6/2019 19:47

Couple of large trades now reported.

[castleford tiger] 24/6/2019 15:52

No
A fair few of those 1000 are probably lost as they came from MV sports days.
A fair few shares will be lost as well.
Was the drop on Friday the MM playing games as I cannot see enough been sold to drive it down 10%
Tiger

[davidosh] 24/6/2019 11:11

I am just checking...as Tandem have over 1000 shareholders has anyone ever received any communication or seen anything promoted via website etc showing that investors are entitled to any shareholder discounts on all our products?

[hatfullofsky] 23/6/2019 19:30

Looks like TND have FX hedging in place already so (as long as they have the right derivative) we should be ok.

There was a reduction in finance costs from £511,000 in 2017 to £157,000 in 2018 with a significant difference in the fair value adjustment in respect of foreign currency derivatives. This was a credit of £109,000 in the year ended 31 December 2018 compared to a charge of £172,000 in the prior year. This adjustment will vary year on year based on the foreign exchange contracts in place at the year end and their maturity date.

[amt] 21/6/2019 19:37

Point taken hatfull but I was trying to establish how significant Brexit it is to Tandem. Regarding supply chain. Fx rate vs USD and consumer demand for example.
Many other investments I have in export markets it is completely irrelevant. However I suspect there is potential for an impact here. I was also making the point that forecasting consumer demand and fx rates is impossible at the moment so prudence is necessary. These are politically dangerous times which could impact consumer sentiment.
The markets that Tandem are in have an element of discretionary consumer spend. I still have to pinch myself with disbelief to think that Boris could be the next PM. Now is the time for companies to build up cash balances and prepare for difficult times ahead.
Anyway that's me done. Made my point so that's it for a while. It will be interesting to see how things pan out over the next few months.

[charo] 21/6/2019 18:11

Nomad needs say something.

[hatfullofsky] 21/6/2019 15:52

AMT / CT you can private message regarding Brexit. Let's focus on TND

[hatfullofsky] 21/6/2019 15:49

Small top up at 200p hoping next week starts something special.

[amt] 20/6/2019 06:36

I don't thinks it's possible to forecast consumer demand more than a few months ahead. Nor the pound vs Usd. Frankly nobody knows how Brexit will turn out nor its impact. The bank of England have stated the potential for a total catastrophe under a no deal scenario for example. They might be wrong. Personally I think the Company is best to take prudent view and build up cash reserves in case there is merit in what the Bank of England has stated.
In any event the indications are that things are getting worse. As I mentioned before there just isn't the room for manoeuvre if there is a recession. The country is up to its eyes in debt. Times could become very tough. In that event companies with plenty of cash will be the ones that will come through.
Longer term Brexit might be beneficial but only on a five to ten year time scale. The economy will need reshaping like under Thatcher in the 1980s but it won't happen overnight.

[davidosh] 19/6/2019 10:29

amt....I am not buying Tandem for yield but without any forecasts in the market and no engagement etc I am afraid the dividend is the only thing that shows the management care about sharing the profitability with the shareholders and most certainly a metric that helps value the company properly. The lower the dividend and higher the cover merely serves to make investors wary that bad news must be coming and that cash cannot be paid out for some reason even though directors do not skimp on remuneration.

[amt] 18/6/2019 16:51

Castleford Tiger. The 40 billion so called saving would not happen in a no deal scenario. Perhaps half is due contractually and also its over many years. The saving (well money that might not have to be paid) is perhaps 3 billion per annum. The ongoing saving by not being a member is about 12 billion per annum. However that could easily be more than offset by lower revenues from companies due to additional operating costs. Its dubious if there would be any savings at all and could actually be the opposite. We don't know and until we do it would be reckless to make assumptions.
So far since the out referendum the only thing that seems to have been correctly predicted was that the pound would fall. I suspect it could fall a lot further over the next few months. Great boost for exporters but very tough for importers and the UK consumer.

[amt] 18/6/2019 16:44

davidosh If you want yield then better to invest in larger mature companies. Only a third of Aim companies pay a dividend. The average yield is 1.5%.
Tandems yield is 2% even after this year's big rise in share price.

[davidosh] 18/6/2019 11:32

If there is to be an increased dividend it would only be flagged as the 'intention to pay' and so the first time any extra payout would happen is in the interim results. Last year the announced dividend was...

...'We are declaring an interim dividend of 1.42p per share (2017 - 1.35p per share) payable on or about 12 November 2018 in line with our progressive dividend policy. The ex-dividend date will be 11 October 2018 and the record date 12 October 2018'.

So this year if it was tripled it would still only be 4.3p and that is hardly going to be a distress to the balance sheet. Additionally by November there would be more info on Brexit and the other issues you are concerned about so they can adjust the final dividend accordingly next year when the final results are announced but all things being equal if the dividend looks like being close to 15p overall then the share price will not remain where it is and income seekers will spot the undervaluation even if nobody else does !

Anyway three times covered is standard for many companies and they all face similar uncertainties. We also have the freehold asset so outgoings are reasonably predictable.