Tandem Share Discussion Threads

[castleford tiger] 02/2/2011 16:33

Does anyone have a web link for him so we can chat.

the strange trade yesterday has now been cancelled !!

Weird, struggled to buy cheap stock today

tiger

[neverforget] 02/2/2011 11:44

tiger, why dont you email him

[castleford tiger] 02/2/2011 11:21

THANKS.

I can get him almost 4.5% to add to his to force an EGM.

Looks just my cup of tea this.

keeping buying, when i can.

Tiger
ps looks like my EPS figure look a bit low.

[horridharry] 02/2/2011 10:41

The movement in the US$ is going to be hugely beneficial to the company. Jeffian, agreed about Bob Morton and Mr Mellon. Don't know about Andrew Burgess but he has been around these threads for years

[jeffian] 02/2/2011 10:21

What, Lord Mellon of Speymill? Is that supposed to be a good thing? Beware rich men taking significant holdings; their interests do not always coincide with other shareholders' in my experience. Besides the aforementioned Speymill, the greatest destructions of shareholder value I have experienced have been any company involving 'serial entrepreneur' Bob Morton, and cases involving the Reuben Brothers and Peter Gyllenhammar.

[neverforget] 02/2/2011 10:12

Tiger, gg is Andrew Burgess. Basically he wanted a seat on the board, he is a very experienced finance professional who has made an awful lot of money. This company does have potential and like I said earlier the toy show at Olympia was fantastic and mv stand was brilliant. Basically Andrew has run out of patience with this management team and is looking at various options including selling his stake to competitors. His basic principle is that if the current bod cannot add value then the welfare of the employees is better placed with a company that can grow the business. historically he has been very relaxed on salaries but not on paying for standing still which is what the company has done. the other options he is pursuing is calling an egm to get appointed to the board and to make several board changes but he has given the board time to think about this.
Is there value here? yes but only if the board start to deliver whic they have not yet done

[castleford tiger] 02/2/2011 09:39

I assume G/G has the 22% stake.

Anyone have a contact e mail as i am serious about having a go here.
I have a fellow investor that has 1.25% as well.

I am asking Jim (mellon) to have a look at this and he may be interested in Andrews stake.

Can someone give me a quick history on how and why we have failed to get the biggest holder a seat on the BOD?

Thanks
Tiger

[castleford tiger] 02/2/2011 09:29

I WAS THE BUYER YESTERDAY at just over 1.46.

I see value still here and have added to my stake bought at 60p.

I have 2% now and will add all the way to 3%.

Yesterday was M/M well just 1 marking it down following a largish sell.
i am a value investor and still see 14/15p eps in current year so a p/e of 10 looks ok.
Who is G/G and whats the position.

thanks
Tiger

[horridharry] 02/2/2011 08:27

it really is unforgivable that the company cannot release a trading statement. They have now entered a closed period so if anything in terms of corporate action were to happen then now would be the time.

[neverforget] 02/2/2011 07:31

grahamty how hard is it for the company to issue a trading statement? The question remains is the seller finished. If not then this is going to fall back an awful lot. It just shows though that the market obviously have no faith in the management and the share price only went up due to Andrew buying so many.

[grahamty] 01/2/2011 17:39

There it is, a late reported seller of 33,000 at 144p. Intersting that when 156p bid in 5000, the bid in that size was so low........anyhow, hope that is gone away now. 20,000 of it was placed at 146p

[neverforget] 01/2/2011 17:08

well if it is gg then it is going to be a slow and painfull fall back into double figures because this management dont seem to have done much to enhance shareholder value.

[horridharry] 01/2/2011 16:46

What the Hell?????? Spoke to gg last night and he basically told me that he has given himself 2 weeks to find a buyer of his shares, in the meantime he continues to talk with other companies and individuals. I didnt really ask him his plans because I dont think it is fair but he did say that at the moment he has no intention of adding anymore shares.
As far as the company is concerned I can see the US$ helping but be wary of the increasing cost of raw materials. It is not surprising that this has fallen although I wouldnt expect 7% in one day. The company have offered no insight into how trading has gone and fails to grow this business. I am in two minds as whether to continue to hold. The only reason I havent sold is because I want to support gg if he wants to make any management changes

[effortless cool] 01/2/2011 16:31

Just stirring ;->

[effortless cool] 01/2/2011 16:26

Yes, but perhaps this time it is in reverse?

[davidosh] 01/2/2011 16:25

gg usually has quiet periods and then suddenly a holdings announcement pops up...lol

[neverforget] 01/2/2011 16:25

or it could be the market getting wind of the current trading which i have constantly reported that it cannot have been very good. This is a company that has a whole host of excuses readily available for its poor performance but really the question has to be whether or not management is actually good enough to be in charge. people have said to me that this is a relationship business and that if one or two people leave then the business would experience problems. ask yourself though if they are that good and indespensable then why are they performing so poorly?

effortless cool gg is taking some time away. he is looking to offload his shares if he cannot do this then he is planning to make some changes to the company. i think his patience has run out with the constant excuses.

[effortless cool] 01/2/2011 16:06

gg's gone very quiet ...

[grahamty] 01/2/2011 16:05

I have bought 5000 at 147p and thought that might soak up the stock. As there is another 10000 on offer at 164p, must be a seller of 20,000 plus

[cwa1] 01/2/2011 15:42

Must be a bit of stock about. Can buy 10,000 at 146.4p online. Unusual size and minuscule spread. Good chance to pick up stock, perhaps, for anyone interested.

[grahamty] 01/2/2011 14:57

What has happened here..........suddenly 9p off the bid ? Is there a big seller out there ? Anyone know ??

[davidosh] 01/2/2011 10:31

neverforget....you are never by yourself here but quite correct I am very busy indeed on other company matters. I have monthly dinners to arrange too and a new investor website launching in a few days where Tandem will feature no doubt. I am getting good feedback from the Toy Fair so that $ weakening will come in useful as well.

[neverforget] 01/2/2011 08:35

at least the $ is weakening

[neverforget] 01/2/2011 08:34

another day and no trading statement. Obviously all the good intentions flew out the window and tnd is back to the tnd of old. gg is probably focusing on selling his parts, davidosh is probably trying to organize a meeting at music box and i am here all by myself

[neverforget] 31/1/2011 15:50

it is disapointing that there has been no trading update. maybe this is for a reason in so much as they do not want to give any information to potential competitors or acquirers. horrid, havent seen the new dawes range,website still the same, but cb used to be the better brand