Tandem Share Discussion Threads

[castleford tiger] 14/9/2021 23:11

Year end target eps now we have first half numbers ?
I am going for a conservative 90 p
The 868 target looks light but here we are sub 600
The market will wake up

[gabrielsant] 14/9/2021 10:30

Maybe not today, but it should explode up, results are never disappointing, I have never doubted about it!

gabrielsant 2 Sep '21 - 13:04 - 4903 of 4928

I think we will be over 800 after results, it may sound like a big jump, but actually it would be a quite conservative price in my opinion

[jaf111] 14/9/2021 09:27

I’m very disappointed by the feeble reaction in the share price….up 8% today but that ignores the fact that the share price had fallen by more than that in the past few days!!!

[wanttowin] 14/9/2021 09:00

Good update, but I'm a tad disappointed work not yet commenced on the new warehouse.

[bspgamer] 14/9/2021 08:08

https://twitter.com/empiremetalsltd/status/1437663613771255808?s=28

[hpcg] 14/9/2021 08:05

e-scooter and e-bike revenue up 174%; so many good prospects there. Very difficult to find the negatives with margin contraction way less than expected and stock availability not a concern - indeed it looks like reduced inventory days has improved the operation, so that just leaves the building cost.

[rcturner2] 14/9/2021 08:00

The Cenkos price target is 868p.

[shanklin] 14/9/2021 07:36

Surely that should be £?? before the decimal point!

[bwm2] 14/9/2021 07:34

Following results CNKS initial broker note with price target of ?... see for your self. Good to see in the results detailed comments of the 4 business sectors and an invitation to ask questions. All positive progress

[cwa1] 14/9/2021 07:30

Half yearly report:-



Highlights



- Revenue increased approximately 14% to £ 19,262,000 (2020 - £16,927,000)

- Gross profit increased to £ 6,066,000 (2020 - £5,556,000)

- Increase in operating profit to £2,003,000 (2020 - £1,478,000)

- Profit before tax after non-underlying items was £1,907,000 (2020 - £1,409,000)

- Net profit for the period was £1,602,000 (2020 - £1,141,000)

- Earnings per share 31.2p (2020 - 22.7p)

- Net assets increased to £ 18,568,000 (2020 - £15,266,000)

- Cash and cash equivalents as at 30 June 2021 of £5,850,000 (2020 - £6,322,000)

and

Dividend

Due to the strong performance of the Company in the first half of the year we are declaring a 10% increase in the interim dividend to 3.43p per share (2020 - 3.12p per share) payable on or about 15 November 2021. We will continue to review our dividend strategy and pay a progressive dividend where profits permit. The ex-dividend date will be 7 October 2021 and the record date 8 October 2021.

Outlook

The challenges previously reported have continued over the last two months since our AGM update. Global demand remains high with shipping containers still in short supply. Input costs, having risen significantly during the year to date, have yet to return to more reasonable levels.

We continue to manage these challenges well, where necessary deferring shipments and seeking alternative shipping routes to minimise cost whilst seeking to maintain timely supply of product.

Group revenue to 31 August 2021 was approximately £27.6 million compared to £24.2 million for same period in the prior year.

Therefore, the outlook for the remainder of 2021 remains positive and the Board are confident that with revenue to 31 August 14% ahead of the prior year and a current sales order book of approximately £30 million (2020 - £11.9 million), the Group will deliver another strong year.

[hpcg] 08/9/2021 18:47

From what I can tell customers with money to burn will pay up for the product they want. I would be more concerned if the consumer was reticent about cost increases but everything suggests not.

[gabrielsant] 08/9/2021 18:36

Last year was really good despite at the end it suffered a fair amount of shortage,wich makes me think that we can do better this year. But personally I'm more focus on the demand, if there is and it'll be, all those problems will be solved in one way or another,regardless of a quarter or six months. As a Tandem investor if Halford is decreasing its commitment in bikes and had some issue with its vans etc.. I think it is better for us.

[castleford tiger] 08/9/2021 14:49

Anyone who denies there are stock issues are deluded.

Its in almost every sector.

However with prices being forced up by manufacturers and distribution costs going up its much easier for companies to force the wholesale/retail price up.

Either pay it or don

Kiln dried logs have risen in price 60% this year. Gas for bottles or domestic supply has doubled.

Containers remain expensive and Christmas stock will be at a premium.

Tiger

[gabrielsant] 08/9/2021 11:21

Revenue to 22 June were 14% ahead here

[pireric] 08/9/2021 09:45

More likely that Halfords cycling revenues are down 23% y/y

[skwas1] 08/9/2021 09:16

Has the Halfords comment on supply chain issues caused the TND share price fall today? Hoping our Sept trading update start to change direction of this share price So far it’s not done much for me over the last 12 months.

[cwa1] 08/9/2021 07:49

From the Halfords results this morning:-



Strong growth in Retail Cycling in the first half of the period.

plus...

Cycling grew strongly, up +9.9% and 24.2% LFL vs FY20, with Electric mobility up +115%. The global cycling supply chain continues to experience considerable capacity constraints, leading to low availability of bikes throughout the period. Whilst Kids and Electric bikes have fared better, availability has been especially low in the Adult Mechanical category, contributing to materially lower growth rates towards the end of the period.

And this...

We expect many of the cycling supply chain issues referred to above to continue for some time albeit, as the UK's largest cycling retailer, we are well positioned to navigate these challenges.

[rcturner2] 08/9/2021 07:13

Another superb statement from Somero today.

[deanowls] 07/9/2021 12:52

Their current location on the M6 is ideal and to open a warehouse, pay fees etc and run it separately takes a huge amount of time and resource. Better to rent and put in place the infrastructure as they are doing. Try and get a warehouse in the West Midlands also at the moment on a short term lease.

[gabrielsant] 07/9/2021 11:54

About the warehouse, don't you guys think it would have been a good idea if they had leased one in the meantime, in order to ride the wave instantly. They haven't done it have they? I should re read some reports again.

[gabrielsant] 03/9/2021 20:18

Last year 1h results were released on the 22nd, a little bit earlier than usual. I can't wait, even though as I always said I'm still thinking we will make make the difference in the 2h considering the not explosive ending last year