There were only 18 traded today. Results only a couple of weeks away and are going to be decent so I cannot see many wanting to sell right now |
Yu can have mine for £3 CT! :-) |
Anyone want out?
Looking for shares off market
Mid price?
Tiger |
We're living in cloud cuckoo land driving a few electric cars etc .... and bikes!?
and bankrupting our economies.
We buy Indian or Chinese because its cheap...........because they have cheap power.
We are less than .25 of a % of the problem.
We are however hell bent on net zero.
Close to me the biggest BESS site being built.
Just applied for a gas turbine on site to recharge batteries in the winter months!
You could not make this up.
back to TANDEM who are leaner and without past stock overhangs.
things should improve now
tiger |
 Meanwhile China continues to open 2 more coal fired power stations every WEEK.
( YEP READ THAT AGAIN...............2 PER WEEK THATS 104 PER YEAR )
I remember someone writing on The Motley Fool about 20 years ago that the Chinese were building one coal-fired power station per week. I have no idea about this - and am aware we're going off topic - but I thought all this surely cannot be true as, if it was, China would have somewhere around c.1200 such power stations by now?
I then did a quick Google AI search which tells me;
---
According to recent data, China has around 1,161 operational coal-fired power stations, which is more than any other country in the world, accounting for over half of the global coal electricity generation.
Key points about China's coal power stations:
Number: 1,161 operational coal-fired power plants.
Global share: Over 50% of the world's coal-fired electricity is generated in China.
---
So all these other efforts by countries towards net zero mean nothing in comparison???
And then there's India on the rise - so asking the same question generated the following:
According to available data, India has around 285 coal-fired power stations. This number signifies a significant portion of India's total power generation capacity, with coal-fired plants accounting for over 50% of its installed power capacity.
Key points about India's coal power stations:
Dominant source: Coal power remains the primary source of electricity in India, generating more than 70% of its electricity.
Large number of plants:
The country operates a vast number of coal-fired power plants, contributing to its high coal-based power generation.
Recent expansion plans:
Despite increasing focus on renewable energy, India is still actively planning to add more coal-fired power capacity to meet growing energy demands.
---
We're living in cloud cuckoo land driving a few electric cars etc .... and bikes!? |
I think it is actually good news as Tandem import their e-bikes and are not manufacturers. This will make their imports much cheaper overall so not good news for UK manufacturing. |
Is this bad news?
hxxps://www.bbc.com/news/articles/c75z9925lelo |
Positive update. Own label ranges such as pro rider doing well. Something to build upon going forwards. Great news re. National accounts. |
our haven
e mail me
lumbygrange@gmail.com |
Nice updated, added some this morning. |
I suspect now there is upward momentum and sales are increasing but the share price massively below NAV...in will swoop a predator looking for the excess capacity Tandem has in the fabulously located showroom and warehouses. I expect the upside to be stolen from us....just look at all the takeovers especially with AIM so unloved.
I would not be surprised to see a bid at just below £3 which is well below the Cavendish target price of £3.50. Just my ten pence worth |
Nice surprise. I'm no longer under water. |
Yes - Cavendish's forecast is 350p. My own, FWIW, is more like 280p - but things will evolve for better or worse!
Here's the gist of the Cav note:
Toys, Sports & Leisure: Revenue rose 20% YoY, with licensed product sales up 18% YoY and own brand sales up 26%, lifting margins. Seven new national accounts were added during the year, driving market penetration. —Bicycles: Against a challenging backdrop for the cycling industry, with many competitors experiencing a material fall in sales following the COVID-induced boom, Tandem saw recovery in sales (+11% YoY) during FY24E. This was led by a significant improvement in mechanical bike sales (+39% YoY) as it continued to launch innovative new products, which more than offset a decline in electric bikes (-8% YoY). Tandem’s light-weight children’s brand, Squish, saw sales surge 69%, boosted by the brand’s recognition as ‘Bike Brand of the Year’ (according to BikeBiz – the UK’s national bike magazine). —Golf: Revenue rose 13% YoY, with a slight reduction in Ben Sayer sales (-2%) more than offset by strong growth in the Pro Rider range, where new product launches supported a doubling of revenue. —Home & Garden: Revenue fell 22% YoY, impacted by adverse weather throughout the period (particularly over key periods such as Easter and the Summer school holidays) which affected demand for outdoor products such as garden furniture, gazebos, parasols etc. —Forecasts: We update our FY24E forecasts to reflect today’s guidance (revenue lowered but adj. PBT unchanged; adj. diluted EPS) and release new projections for FY25E (see page 3 for details), which we expect to benefit from recently secured new national accounts, planned product launches and the implementation of further efficiencies measures (e.g. relocating Tandem’s Hong Kong office to a lower cost location). |
I do CT, many thanks |
eps expected 8.2p
Cavendish note out if anyone wants it |
So 8.2p for 2024.
What about 2025 ? |
eps expected 8.2p
Cavendish note out if anyone wants it |
350 target published.
I certainly see some hefty increases in the next few days.
maybe need those stale holders to sell up first.
tiger |
Seems to be c£2m under market expectations for revenue of £26.5. PBT estimate is £0.5m. So mkt was forecasting for them to make a profit for the year, but might be slightly under expectations. But there are no forecasts for 2025 - no real guidance on what the gross margin mix will be. But I would hope for a much better Summer season than last year (we always seem to get a bad one in an El Niño year), so may be they are being cautious on 2025 as the year has only just started. |
They did not hit the 19 percent target growth they had, but 11 percent is a decent increase.If they can get a result from home and garden, maybe next year.Soon see what the market thinks, I am cautiously optimistic. |
Please can somebody let me know what market expectations for profit are.
I don't know why most companies never publish that information. |
Great update. Excellent performance in a very difficult market, well done to all concerned.
Bikes growth was exceptional and Squish is a terrific brand.
Just need home and garden to do better ie some decent weather. |
Results look good to me everything outside home and leisure booming. Should see an uptick. |
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