Tandem Share Discussion Threads

[castleford tiger] 20/10/2023 12:42

hxxps://bikebiz.com/wiggle-crc-to-enter-self-administration-according-to-reports/

All this will help us going forward

tiger

[castleford tiger] 19/10/2023 12:39

in for the long haul

[indonews] 12/10/2023 19:15

Tiger you must be mad totally barking to get into any cycle related company at the moment, let alone to the extent you have,unless like me you are into halfords shares - zero risk with them.

[castleford tiger] 28/9/2023 09:59

our biggest holder buying more. Now at 14%

[rcturner2] 24/9/2023 07:44

CT, I ran a business for 20 years and sold up 2 years ago and now have a management position in the larger business.

For probably 12 months at least you have posted what can only described as misleading nonsense about Tandem, the way you post about Tandem you would think it was Tesla or Apple.

Unfortunately the share price shows the real story and if you had listened to me (rather to yourself) you would have saved yourself how much money?

[playful] 23/9/2023 23:19

Having the courage of your convictions is the key in this game.

[castleford tiger] 23/9/2023 23:10

Not quite we are still in front.

[playful] 23/9/2023 21:41

Are we back to where Jupiter sold to you guys.

[castleford tiger] 22/9/2023 16:09

RC its a free world and you are entitled to your opinion.

I think the figures at the year end will show that even with the difficult headwinds we should just be profitable.

Maybe you have never run a business but at times like this only the strong survive and we should be better for the reduced competition.

The company has a strong balance sheet with very little borrowings that were interest rate capped.

Feel free to use the filter button.
kind regards
Tiger

[rcturner2] 22/9/2023 15:17

On the 29th June (post 5647) CT said "I think overall the company is doing rather well in difficult markets."

CT is a delusional ramper who is unable to talk sensibly about Tandem.

[castleford tiger] 21/9/2023 21:18

Cjohn

You could be right.
I was trying to read a screen in bright sunshine and I need to print it all off and take a good look again.
Back tomorrow so the weekend will find some time .
I had discussions verbally with others and I remain supportive of the path we are going down.
It’s really tough out there
Look at DFS and Fevertree.
The last 1/4 looks important.
Cheers tiger

[my retirement fund] 21/9/2023 15:38

Ah, forgive him. He was rushed in the middle of an important game of golf after all, and when you claim to own just under 3% of the share issue, then following company updates is well, I doubt it's very high on his "to do" list, no?

[cjohn] 21/9/2023 13:51

Given the drop in price here, Tandem has cropped up on a screen I run for low PTBV shares.

Forgive me, Tiger, for taking slight issue with one of your statements: you say, "The reduction in stock is good and that money has found its way into increasing NAV."

The increase in NAV - from 23m to 25.9m - is down to two changes:

1. An improvement in the pension position. Now in a slight surplus on the balance sheet of 98k. At last half year, a deficit of 1.9m.

2. An increase in property values: 10m to 14.9m. This partly reflects the value of the new warehouse, but also increase in value of other aspects of Castle Bromwich.

Obviously, operations themselves will have reduced net assets, given they are making a loss. But this operational loss has been outweighed by 1 and 2.




Selling inventory will definitely increase cash, but not necessarily asset value, depending on what price they've sold the inventory at. If they've been off-loading slow-moving items, there's no guarantee that those sales have been at levels above the book value of inventory.

[actscap] 21/9/2023 08:03

Next HY results have a great graphic on weather in the first half year. And this statement. The dramatic difference between the performance of earlier and later months is partly down to thetiming of favourable weather (in contrast to May and June, March and April were marginally colderand wetter than usual).

[actscap] 20/9/2023 18:13

All good points...but the quality of controls around the financials is worrying. Speaks of poor control and management. We'll see. I'm holding heavy losses and will continue to hold purely on the basis that it can't get much lower?! Hopefully toys will bounce back and competitors may struggle. Although toys r us are confident enough to reopen stores so maybe this is a lost cause.

[my retirement fund] 20/9/2023 15:39

Sorry, wrong thread, lol. LOL !!!

[castleford tiger] 20/9/2023 13:06

Golf morning so unable to reply.
Ok things have not gone to plan.
The economic environment and collapse of several big companies from rivals to transport has created huge headwinds.
The amount of stock in pedal cycles has depressed prices.
Ok lots of experts on here but as an importer of 400 containers a year we use both methods.. Freight on board ( FOB ) is your stock to insure and pay for often at the point of loading ( unless you have terms) .you book transport and pay all costs.
You can buy CIF carriage inc shipping and U.K. transport.
So what they are saying are that customers are drawing smaller amounts of stock from their supplier who has to manage stock and make sure they have it available ( but get a bigger margin)
Outdoor sales inc BBQ etc have been awful.
The reduction in stock is good and that money has found its way into increasing NAV.
The 5.2 m of debt before deducting net cash means we owe about £3 m
Clearly the journey has not been smooth and the loss of the dividend removes a reason to hold the shares.
We are now in the end phase of a difficult period. Yes holding close to 3% has seen almost all my profits go.
Now is not the time to exit in my opinion.
So yes I got it wrong but I am happy with our CEO who will deliver eventually.
Back to the pool now
Tiger

[my retirement fund] 20/9/2023 12:42

FOB is the most common standard incoterm importers use to agree who's paying for shipping processes. The importer then ends up with the goods so normally has to warehouse them before the usual processes such as repackaging, quality, checking, batching, storing and selling them on.

Direct Delivery or DD is not. Direct delivery is what you do when your drop shipping. You don't need a warehouse to be drop shipping!

Drop shipping is excellent from a business point of view because you don't need any capital outlay, you take your customers money, prepay import duties and pay the supplier to produce and ship the goods directly to your customer.

Drop shipping is rarely sustainable though, and usually comes to a sticky end. Either you loose your customers as you cant keep that personal service and keep an eye on quality, delays, shortages, mistakes etc.

Or, your customer or your supplier spies the land and cuts you out of the loop to deal directly to save money and address all those inherent short comings that drop shippers create. In business, drop shippers are parasites!

Anyway, whatever really is going on there, it sounds insane. Reading todays statement sounds like they are utterly clueless.

Didn't they loose a key person recently, perhaps they lost the only person who knew how the business worked? as it reads like things are in complete chaos.

I'm surprised the share price hasn't crashed to 50 pence.

[hpcg] 20/9/2023 11:58

FoB and DD have nothing to do with warehousing, it is simply where the buyer takes ownership. With delivery the seller pays for shipping and the buyer takes ownership when the goods reach the customer. With FoB the buyer collects from the seller and makes their own shipping arrangement. Obviously if delivery bypasses and TND facility, who become simply a middle man, then warehousing is moot / redundant.

I've not read the full report, I don't have a long interest, the spread means it isn't tradeable and similarly not shortable. I'd be concerned about the technical loan breaches, and there is more downside for the business this winter. If it can survive then it may be a deep value prospect when the cycle turns.

[clanger66] 20/9/2023 10:13

I may be wrong but my understanding of Free on Board delivery is where the product is shipped direct from the manufacturer to the end client, so no need for a warehouse. Whereas Direct delivery you would need a warehouse. While this report is disappointing, it'll be interesting to see how much, if any of a second half uptick the business will see due to the change in end customers buying habits.

[charo] 20/9/2023 09:38

More likely sold at cost to recoup cash.Hence low sales value and drop in margin.
If future demand weak then stock replenishment would be delayed.