Tandem Share Discussion Threads

[my retirement fund] 23/6/2022 10:00

PE of 8 ? I was thinking between 5 and 7 personally as there's clearly worse to come to shift those bikes, that got to be painful. I was in go outdoors the other day and they looked to be discounting already. As HPCG points out garden furniture will too - that may turn out to be a stock right off too. If it sells off to 110p I may be tempted, until then best keep powder dry imo.

[jeffian] 23/6/2022 09:56

Having patted me's'en on the back for having got in under £5, this has turned into a real stinker for me. Luckily, did not bet the farm.

[buywell3] 23/6/2022 09:38

This is why this is where it is




buywell3 28 Mar '22 - 08:43 - 5218 of 5453 Edit

Where are all of these products made ?



hpcg2 8 Mar '22 - 08:45 - 5219 of 5453

China

[hpcg] 23/6/2022 09:11

The e-transport was the bad part, bikes predictable. How businesses mistook a demand spike for new level I do not know. They will get a shock from garden furniture too, judging from that update.

[davidosh] 23/6/2022 08:30

We are clearly suffering from the slowdown in the economy and cost of living increases but I still think the move to e-mobility will give us growth in the next two years and this part of the statement gives hope for things having stabilised now...

however, we have now slowed this decline and for the last 7 weeks we were approximately 8% ahead against the comparative period.

I never thought I would see the day when you could argue that Tandem is now a dividend yield stock and with the pension deficit blocker eroding away it will only be improving every year from here.

[my retirement fund] 23/6/2022 08:24

It was pretty stark what was going on if anyone had bothered to read Halfords recent update. Now then my money is on having overpaid for crazy inventory quantities against a backdrop of increased factory and shipping prices during covid and now being left with a warehouse full of stock that can now only be shifted at a loss. I would see this back at £1.50 sooner or later. Tiger well and truly lost his bet with me. Bad luck shareholder's not a pleasant outcome.

[rcturner2] 23/6/2022 07:54

This could easily hit 200p

[amt] 23/6/2022 07:53

Not surprising given the state of the economy. I suspect we are already in a recession and with interest rates going in the wrong direction the consumer is being squeezed. A very tough couple of years ahead for the sector.

[cwa1] 23/6/2022 07:51

Cenkos have issued a note this morning. Brief snippet:-

Outlook. The ongoing cost-of-living crisis and the wider reduction in consumer discretionary spending creates an uncertain backdrop for H2/22E, and as such, we consequently downgrade our numbers (discussed further below).

 Valuation & rating. Tandem trades on a FY22E Adj P/E of 13.5x. However, based on a conservative assumption of £2.5m of ‘normalised217; PAT (as seen in FY19A), this implies an Adj P/E of 6.5x. This represents a sizable discount to our peer group of UK listed companies whose services overlap those of tandem (including retailers of licensed toys, bikes/scooters, homeware, and sports/leisure equipment), which trade on a median T+1 Adj P/E of c10x). Hence, we continue to see value at this level, and reaffirm our Buy rating.

They're forecasting an adjusted EPS of 22.2p for 2022 full year and a dividend of 10.5p FWIW

[banburyboy1] 23/6/2022 07:48

RC very detailed and seemed to suggest the worst was behind with some good opportunities. I could see it rising off a detailed and comprehensive update

[rcturner2] 23/6/2022 07:46

I can see why the CEO got fired.

[castleford tiger] 23/6/2022 07:43

They will still make eps for the year
Have no debt

Just about to face the M1 for the meeting

[rcturner2] 23/6/2022 07:38

Christ that is an horrific statement expect a big fall today.

[18bt] 23/6/2022 07:25

Comprehensive AGM statement - what a contrast to a previous era. Sales seem to have stabilised and long term positioning looks sound.

[davidosh] 21/6/2022 12:40

davidosh7 Jun '22 - 11:39 - 5423 of 5440

Just a reminder...

The Annual General Meeting will be held at 11:00 on 23 June 2022 at 35 Tameside Drive,
Castle Bromwich, Birmingham, B35 7AG.

[castleford tiger] 21/6/2022 11:02

is it 11 am David?

[bwm2] 21/6/2022 04:47

For some reason, missed this as not in diary. I can't even see a notice of when and where (albeit is in the Company schedule for date) Could anyone pls assist?

Zoom would be good for me as I am driving to London. I suppose I could swing by, what time is it please? (I'd miss lunch at Ill Burro though, so tough call)

[castleford tiger] 20/6/2022 23:03

I am trying

[davidosh] 20/6/2022 21:31

It is the Agm on Thursday.....Who is hoping to be there and if not able do so due to the train strikes would you want to join via zoom?

I have requested one as it was very successful last year

[castleford tiger] 17/6/2022 10:41

MRF
It has been hammered and trades with a market cap of 16m and we will probably have 12m in property.
NET worth was 24 million v 16 market cap.

In this market nothing surprises me anymore.
Halford looks oversold as well

[my retirement fund] 17/6/2022 00:43

Surprised this hasn't been hammered after Halford reporting in excess of 25% YOY drop in cycle sales.

[davidosh] 16/6/2022 12:41

Social media and marketing needs a big improvement.

Ben Sayers has just 31 followers on Twitter



Ben Sayers was formed as a company in 1873 and is thought to be the oldest golf company in the world.

[jaykaytee] 15/6/2022 15:10

Just bought a small holding at 316p ... way undervalued imo.

[castleford tiger] 10/6/2022 12:25

Harrogate
it would be good to get that monkey off our backs.

Tiger