Tandem Share Discussion Threads

[actscap] 20/9/2023 08:57

I mean, come on - this is poor. V frustrating holding of mine.

[actscap] 20/9/2023 08:52

During the period ended 30 June 2023, the Company and its lender have become aware of technical breaches of the existing Loans which first came into being on the draw down of the majority of the balance of the Loans in 2022.

[johndoe23] 20/9/2023 08:51

Confirmation bias

[my retirement fund] 20/9/2023 08:50

Any comments from the Tiger who claims to own just shy of 3% of the shares?

[rcturner2] 20/9/2023 08:45

Castleford Tiger29 Jun '23 - 07:37 - 5647 of 5675
0 3 0
I think overall the company is doing rather well in difficult markets.
A 5% yield helps until we get some traction in the shares which remain undervalued.
Tiger

RCTurner229 Jun '23 - 09:29 - 5651 of 5675 Edit
0 2 2
CT is in too deep and has lost all objectivity.

Has been like that for a while.

[bubloo] 20/9/2023 07:34

CONCERNS ABOUT GOING CONCERN
? WILL THIS TANK TODAY

[balcony] 07/7/2023 11:23

CT-Also a buy in Investors Cronicle.

[castleford tiger] 07/7/2023 10:48

value

The 2 up /2 down actually i prefer 3 beds have had a great 2 years.

They were 100k and £7800 the average rent.
Now we are £130k average and £10800 a year rent.

Demand is very strong on the rental side. I have some of these from the 20k days.

As good a return as any of my sites ......classy Cas sits close to top of the pile.

As for TND someone sweeping up shares at such a huge discount does not suprise me.

The company is busy as i saw 2 weeks ago and things will improve.

tiger

[cwa1] 06/7/2023 12:28

Looks like someone's spending the dividend on shares!

[cwa1] 06/7/2023 12:28

Looks like someone's spending the dividend on shares!

[value hound] 06/7/2023 12:25

Divi day; might buy a bike with it! What are you getting CT - a two-up, two-down in Cas'? :-)

[castleford tiger] 30/6/2023 22:31

Stocko are being a bit harsh.
The cycle industry has been very difficult for 18 months .
Tandem were not daft giving profits away in the boom years . They banked the gains.
New customers like Costco will help increase sales this year by 10%
the tide will turn and TND will be ready to take full advantage.
They keep investing ready for this which is the right thing to do.
Till then 5% dividend ain’t too shabby.
I remain a buyer on weakness

[davidosh] 30/6/2023 16:12

Graham on Stocko also said....

I previously gave this stock the cautious thumbs up, thinking that there was enough value on offer to justify a positive view.

It remains “cheap” today with a ValueRank of 86, which is before the latest share price weakness.

My positive view was also related to the appointment of a new CEO and a management shakeup, but those factors aren’t bearing fruit yet.

I am therefore changing my stance from GREEN to AMBER on this one.

[rcturner2] 30/6/2023 11:58

The stockopedia write up on Tandem is worth a read. Not pretty.

For example: "Unfortunately, there just isn’t much quality with this one and after reading today’s statement I wouldn’t be tempted to buy back in, even at lower levels than this. Today’s statement is a stark reminder that things are always going wrong with this one and conditions are always challenging - or if they aren’t now, then they will be again soon."

[castleford tiger] 29/6/2023 22:45

I agree it’s going to be tough but operational gearing means this can be making 50p eps within 2 years.
Possibly quicker with the right deals.
The business is in a good place to pick up new accounts .
We have no rent to pay and very little energy costs. No old stock and margins are increasing as costs come down.
Looks like the broker sees higher revenue as well.
Very much weighted to the upside if things settle in general.

[eezymunny] 29/6/2023 22:36

Indeed CT. It´s always worth exploring the bull and bear cases though. Most posts are just rampy bull rubbish.

TND may well come good from here, but I reckon a couple of hard years in store at best...

[boystown] 29/6/2023 22:26

Re-tipped by Simon Thompson who finishes with:

"The board is maintaining full-year guidance in line with house broker Cenkos Securities’ forecasts, which point to revenue rising from £26.7mn to £30mn and adjusted operating profit increasing from £1.3mn to £1.6mn. True, underlying pre-tax profit is likely to be flat at £1.2mn, reflecting a higher interest charge and a doubling of net debt to £3.4mn, as expected, implying a comfortable 13 per cent gearing level.

"Priced on 11.5 times likely bottom-of-the-cycle earnings per share (EPS) estimates of 17.2p, rated 59 per cent below book value of 490p and offering a 5 per cent dividend yield, Tandem’s shares rate a recovery buy."

[castleford tiger] 29/6/2023 19:31

Eezy
I am sure if I could be bothered I could find historic posts that you have made that are now wrong!!

The point about the building I don’t get. We can grow to 100 m from that site and I think we will.

[eezymunny] 29/6/2023 18:12

"Castleford Tiger - 16 Feb 2021 - 18:52:07 - 4486 of 5661 Tandem Thread with Charts - TND
No not quite

Year 1 the money is spent and its year 2 the extra profit flows through.
That could continue into year 3 and add another 20p


The 20p extra eps will come as a result......... of the 7/10 million investment.

However I have assumed we get to 5m profit and eps of 100p to get my £10.00 target.

I am assuming in year 2/3 the bicycle market business slows but by then the investment and cost savings will maintain us at 100p eps

Depending on the increases in D2C sales we may well go past 100 but its too far out to be sure."


Beware the permabulls!

[eezymunny] 29/6/2023 18:09

13.7 in freehold property for a company that does 27m turnover. New w/h a vanity project?

"This will come good" is laughably unbalanced CT IMVHO.

[castleford tiger] 29/6/2023 18:07

i should also say that i expect sales to go up this year circa 10%
with a small increase in profits.

Mainly because orders are now 2nd half as i discuss.

tiger

[castleford tiger] 29/6/2023 17:45

That might the case on a new investment ort a trading position but building a long position is not easy.
Just as its not right to sell at 1/2 net worth that would be crazy.

This will come good.

[eezymunny] 29/6/2023 16:16

CT - we´ll have to see how much difference the FOB to direct change has really made!

Nobody disputes that things are tough but a 26% H1 sales decline will need a lot of re-couping in H2 to be able to say they´re "doing rather well". Just IMVHO!

Good luck. I prefer shares that are doing well currently, not ones that may or not recover in H2 etc!