Tandem Share Discussion Threads

[castleford tiger] 19/3/2012 20:47

i think we may make just short of a million this year.

I continue to buy when i can and will certainly give any holders 80p for decent blocks if they want out.
I will try and make the AGM this year.

As a firework importer i could bring some rockets?
Tiger

[whoppy] 19/3/2012 20:14

75p to sell. Presumably holders think this is okay? Are you not worried your investment is going down the pan? All very strange. Does the management of TND post on this board? Is this why there are muted responses to the share price performance. Do none of the bigger holders think the value of our market cap is appalling.

[davidosh] 13/3/2012 10:42

The Key Performance Indicators (KPIs) are listed in the annual report but as we know there are no forecasts to set a target as such for investors to monitor expectation and performance in meeting that expectation ! The obvious target is simply to improve earnings over and above the previous year.

Most of us who attended an Agm two years ago were concerned that although only one of the five KPIs that were listed had actually been met the company directors still received very significant bonuses ! Then AB joined the shareholder register and challenged the board with a different viewpoint and the weight of a large shareholding....the rest is history !

Hopefully going forwards we now have a happy medium with a board and new directors focussed on delivering to shareholders rather than the directors or just one shareholder reaping the benefit. This could be the defining year for Tandem.

[whoppy] 13/3/2012 10:24

This company is dead as regards attracting new investors. I get the impression shareholders are nothing but an annoyance and hindrance to the management. Consolidation will probably be on the cards again so they can get rid of some more shareholders who have had there investment whittled away by the previous consolidation. That's on top of the appalling share buy back which was designed to create shareholder value. All the nonsense of improving EPS etc by having less shares in issue has just been shown to be folly when it comes to the share price It's normal procedure unfortunately. Just what are management doing as regards creating shareholder value and what are their targets? does anyone know.
Is anyone willing to send a rocket up their backside? Can we not just put the business up for sale and return money to shareholders if there is no reason for management to contiue due to the poor performance. At what share price do investors feel action should be taken anything below 50p? Those holding large amounts must be pretty peeved. Would you be happy with another consolidation? and another share buy back?

Are you happy with this company?

[graham1ty] 13/3/2012 10:02

Sorry David, not been on here for a few days. Well done on C21 !!

Agree re divi. Pushing up by 5% gave all the wrong messages. Either there is a divi that is of interest or not. The reaction should be "good increase", not "oh my god, how dull, they must be very cautious".

This remains cash generative. Why not distribute ?

[davidosh] 08/3/2012 08:50

Graham1TY....See post 2616

I have not checked the shareholder register recently but over 40% of the shares are still likely to be held by around three thousand shareholders with less than 500 shares. Transfering interest to active participants is a slow process.

AB managed to speed up the process temporarily by aggressively buying. I do not have the same mentality but maybe it will happen again. I just hope the business delivers first so that we can all benefit. The dividend could be improved somewhat to encourage those with small holdings to add rather than stick like glue or die of boredom.

[graham1ty] 08/3/2012 08:39

Is there a buyer out there ? Over the last couple of weeks, quietly 1200 at 85p, 2000 at 84.58 and now 5882 at 85p ? That should have cleared out all the dribs and drabs at 77p etc

[castleford tiger] 01/3/2012 18:35

This is so cheap now that it is madness.
If we need a SR then so be it but AB set the ball rolling we just need to keep pushing.
We can start with a new NED or two and see what happens then.
TIGER

[davidosh] 29/2/2012 16:28

I think you will find there are five serious holders with close to 3% or already notifiable. Most of us attend the Agms and engage with management but posting here is not going to convince others either way. Management know what has to be done and this could be a crucial year. I have also been buying FWIW but there is very little stock available..

[effortless cool] 29/2/2012 15:11

Thanks for your reply.

Do you have a clear vision of where you think they should be taking the business?

Also, if Burgess couldn't move them with 22%, why do you think that they will engage constructively with you, at 3%?

[castleford tiger] 29/2/2012 14:57

i AM BUILDING A STAKE ALMOST AT 3% and will be talking to them about a change of direction and or a stratigic review

tiger

[effortless cool] 26/2/2012 09:07

2611 was a serious attempt to stir some debate. neverforget is an ex-holder with strong feelings about management, but what about current holders - what are you looking for from this share?

[effortless cool] 22/2/2012 20:08

I've been running some numbers on TND and find myself faced with a dilemma.

The company is quite clearly underpriced - I'm anticipating (annualised) EPS of about 18p per share for each of the next two years and would consider about 150p as fair value – but what is going to make the price go up materially?

The management would seem to epitomise plodding mediocrity. They have taken the business nowhere in the last five years – in fact, it has gone backwards in real terms. They don't seem capable of surprising on the upside but will surely, eventually and inevitably, surprise on the downside.

Further, they are clearly intent on hanging on to their lucrative sinecures. Witness their failure to engage constructively with Andrew Burgess, and eventual squandering of shareholders' funds on buying out that troublesome activist shareholder last year.

The obvious answer would seem to be to put the business up for sale. Gross margins, before what seem on the face of it to be excessive operating costs, would make it a valuable add on to a company already in the sector with the management talent to make something of the brands.

But turkeys don't vote for Christmas ...

I'd be interested to understand from long-term holders what makes you stick with it – what do you see as the potential catalysts to take this share back to a sensible valuation?

[graham1ty] 20/2/2012 16:45

What are those trades at 65p ????

[amt] 20/2/2012 09:17

Encouraging that profitabilty on bikes is ahead and with olympics this year and uk best in world at cycling should be a good year. Pity about the share buy back. Lets hope they are left to manage the company without interference this year.

[whoppy] 16/2/2012 22:12

A confusing statement with no direction. Very ambiguous and as such leaves any potential investor in doubt, hence no reaction to the share price If management could articulate itself in a meaningful way and give a comitted undertaking to improving sales in all of it's product areas rather than whimsically commenting on the state of the economy and the retail environment and how it impacts on the business, then we might actually have a growing business. Unfortunately this is still clearly beyond management or it would have happened by now. Obviously they are acutely aware that any undertaking to deliver will only show up their inadequacies. So it's same old same old, sit back and cop a massive salary without the need to perform. Until the managements MO changes the share price will continue to decline and at best go nowhere. I know they are trying but it's just not good enough. Might aswell not be listed.

[18bt] 16/2/2012 17:45

I thought the statement was surprisingly good. I'm surprised the share price didn't tick up further.

[graham1ty] 16/2/2012 17:15

Supreme. So used to disastrous statements from other companies, that actually the statement was fine. Bit up, bit down, difficult economy but NO horrible suprise. Any company that does not update regularly has an inbuilt fear component....and a few sales down to 80p and one assumes the worst. but actually fine, cloud lifted, shareprice supported. No fireworks, but that is not suprising. i wish they could get results out quicker than April.....or by then we will all be worrying again !!!!

[supreme mo] 15/2/2012 23:00

Nothing said on here about the Trading Statement today. So many negative words used - the numbers as ever will be ok but while ever the board is showing the pessimism that it is in the above statement I stuggle to see what will realise the full value of this company.

I don't see anywhere in the statement where it admits it may not have been the best thing for the company to buy back all of those shares at 1.40 or whatever it was......

[castleford tiger] 11/2/2012 17:53

1000 share sale 800.00 pounds and it moves 10%

Will buy a few more.
tiger

[jaykaytee] 10/2/2012 18:16

oh dear these are still slipping!

[jaykaytee] 01/2/2012 18:28

D, thanks for the link. Can't understand why the thread has vanished from my view. Anyway I sold up after Greengiant sold up to the BOD.
And now i'm quite relieved, as the share price is well down.
TBH i don't think much of the board of directors - they are most certainly putting themselves first, and not the shareholder.

[davidosh] 30/1/2012 17:25

JayKayTee...It never moved to my knowledge. Try this link...