Share Name Share Symbol Market Type Share ISIN Share Description
Tandem Group LSE:TND London Ordinary Share GB00B460T373 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 145.00p 135.00p 155.00p 145.00p 145.00p 145.00p 0 06:30:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 36.8 1.9 35.0 4.1 6.81

Tandem Group Share Discussion Threads

Showing 4426 to 4450 of 4450 messages
Chat Pages: 178  177  176  175  174  173  172  171  170  169  168  167  Older
DateSubjectAuthorDiscuss
03/5/2018
19:17
The Board was paid £787,000 last year, which I think is a record even for them ! Another 10% of the Company ( your Company) paid away. Oh, by the way, that compares with dividends paid out of £196,000. They have been accused in the past of growing the dividend too slowly, but have replied they like to be prudent. Prudent with dividends......but not with salaries
graham1ty
03/5/2018
18:28
David, It would be good to meet them. From what little I know of them so far, they earn huge salaries for the size of business but do not seem shareholder friendly!
simso
03/5/2018
13:12
Good luck David !!!
graham1ty
03/5/2018
13:07
100% behind you Tiger
castleford tiger
03/5/2018
12:53
Would any of you guys like the company to do a presentation ? I doubt that the directors have done one or been round the City for at least five years so I think the time is right personally...
davidosh
27/4/2018
22:49
Got a 2500 today at 154
castleford tiger
19/4/2018
20:02
I think i'd be wary of buying after a particularly good year as i'm not sure it will be repeated this year. THe outlook statement doesn't sound altogether optimistic. "We are cautious about the outlook for the year ahead, but we remain confident that we have the resources and personnel to deliver profitability to our shareholders." So I guess if this year marks a step change in performance they're a bargain, but if profits fall back to the kind of levels they've made over the last 5 years or so then they're probably pretty fairly priced.
arthur_lame_stocks
19/4/2018
19:52
With a good broker you can get well inside that spread. I have an order in. I picked up 5000 on Tuesday at £1.51
davidosh
19/4/2018
15:58
I was in this for about a decade, and sold 2-3 years ago. I am now re-acquainting myself with it again. I know all the history and frustration around Directors taking disproportionate rewards. Having made Underlying £2.2m PBT in 2017, I see some grounds for optimism for 2018, particularly around the Margin %. 1. After the damage to margins in 2H 16, I see they have increased selling prices and renegotiated / re-sourced with their suppliers. Its notable that the second half 17 gross margin was actually 31%...and if that same rate rolls through to FY 2018 (FY 17 was 29.6%) it would be worth another £0.5m profit. 2. Further Currency benefit: The average Rate in 2h17 was $1.32, and is now over $1.40. The total Direct "Cost of Goods Sold" is c £27m...and the question is How Much of this cost is dollar denominated? The 2016 annual report describes the dollar element as "Significant". If (say) a quarter of the COGS was in dollars, and the rate remains at c$1.40...that would be worth another c£0.4m - £0.5m of PBT IF everything else remained equal and they don't pass the benefit back to customers in cheaper prices! 3. Net Debt...now down to just over £1m....so one would hope the £0.2m Interest Cost should reduce considerably. However, I note they moved the date of the final bullet payment back to 2020...which I don't quite understand. The risk in the opposite direction might be Sales, and in March they highlighted that Sales + Order Book was below last year. If (say) 2018 Sales were 5% lower than 2017 it would cost us c £500k if all else equal. I am tempted to buy some again as the valuation does look compelling, and a (very crude) view of 2018 indicates potential for further profit growth driven by margins even if sales disappoint. That 20p spread is also putting me off while I consider it!
simso
12/4/2018
09:02
my point dave4545
castleford tiger
12/4/2018
08:58
ALS I thought the results were stunning. But due to wide spread and illiquidity it's just not worth playing imo.
dave4545
12/4/2018
08:53
Again after a quick look. NAV 221P. Last year 550k on finance costs should be less than 50k this year. That's a further 500k to bottom line. We were paying 400 k a year property loan, that's finished. That adds a further 900k in current year. The biggest problem is buying the shares. Its 140p-165. That's not a Market. The MM need to push it to 180/200p and flush out some sellers. They make money on a trade but not doing any. I want more but they are impossible to buy. Tiger
castleford tiger
12/4/2018
06:19
If they can turn in another performance like this one in 2018 and if pound stays about the same vs USD the GM should improve further adding perhaps another 500k to profits. Debt will have been eliminated. Perhaps the relaunch of pro rider will work out well. Demographics point to this being a growing market so seems a good area to be in to me. Bikes is the problem area due to extreme competition but it is now a profitable business with potential to do well and is no longer a drag on the very successful toys business.
amt
11/4/2018
23:06
I was just taking a closer look at these and in the first three years since acquisition for £2.5m Pro Rider has made a total contribution towards profits of £24k. The accounts for this year are not available yet so I don't know if things have improved. over the five years to 2016 the cycle business made a total loss of £1.088m. over the same period the uk arm of MV Sports has made a total profit of £3.654m It doesn't seem possible to get figures for the HK part of MV Sports but it seems to turnover about £10m. I make the cumulative profit of the other three over the last five years to be about £2.6m and the cumulative profit of the group as a whole to be about £4.9m it must be reasonable to assume it's fairly profitable. Personally I think they never should have bought Pro Rider, they would have £2.5m more cash now and they should have got rid of the bycicles business years ago. MV Sports seems like the only part of the business that is worth anything much. I don't know if ESC was worth buying because there are no real figures for the period of TND's ownership. My figures are a bit rough so feel free to criticise. Having taken a bit of a better look though I won't be buying at this price. I guess they're pretty cheap but not stonkingly so.
arthur_lame_stocks
11/4/2018
21:41
Great results this year but the outlook is uncertain and the five year record of profitability not that great. I think anyone thinking of buying these would be wise to wait rather than think that this years results are the norm.
arthur_lame_stocks
11/4/2018
21:21
Did you know one of their pension funds is called the casket group pension fund. As if you want to be reminded when you're getting on a bit.
arthur_lame_stocks
11/4/2018
19:57
Well I got my numbers close. Even called for a revaluation and got it. EPS was slightly higher ( not complaining) and cash an added bonus. Now we have finished paying for the building I can see this year being better. 140p looksvery mean just 4 x earnings!! I think 8x is fair. I await the full report Cannot do AGM as away but need to chew the numbers more as it looks very good. Any trades today? Tiger
castleford tiger
11/4/2018
13:47
Well, you did well at 65p. It has not been below 70p since 2009, so you certainly are a long term holder
graham1ty
11/4/2018
10:16
I bought at 65p according to my records. Might be mistaken. Anyway even at 1 quid its now 30% higher plus dividends better than many FTSE 100 countries where the index is barely above where it was in 1999. Its not a ZOO 1.000 % gain in a year admittedly (or a D4T4 shameless plug☺) but its a longterm investment in a very difficult sector. See what happened to Toysrus Anyway it looks like it is undervalued. 11m net assets and property alone over 3m vs market cap of 6.5m If a pe of ten were put on it the share price would be 3.50 so I think we can be happy with that.
amt
11/4/2018
09:31
Amt, ten years ago the price was 101p. If you had bought below 100p in c 2014, and sold into the rise in 2016, you might have doubled your money.....but that is only “low to high”. Any other holding period over the last ten years has brought virtually nothing. I held from about 2000-2010, waiting for “a doubling over ten years”. It did not happen. Good luck now
graham1ty
11/4/2018
08:44
I am very happy with doubling my money over ten years plus very healthy income. Credit where credit is due.
amt
11/4/2018
08:33
Graham I have followed for more than 10 years. There have been ups and downs but compared with most AIM companies it is doing well. Its a longterm story thats now looking very positive. It seems to me management are very proactive and have some excellent products particularly toys but all sectors look good.
amt
11/4/2018
08:09
Perhaps ant may wish to give them a pay rise?
my retirement fund
11/4/2018
07:48
Amt, if you had followed this for 10-15 years, you would know what I meant.......
graham1ty
11/4/2018
07:39
What do you mean "despite management" These are good results in tough markets where the economy is in a difficult post Brexit period including a significant fall in the pound although it has started to recover a little. Seems to me management have done a good job pulling off these results and put the company in a good position. They seem to be very proactive.
amt
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