Share Name Share Symbol Market Type Share ISIN Share Description
Tandem Group Plc 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
  0.00 0.0% 170.00 160.00 180.00 170.00 170.00 170.00 811 07:46:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 32.5 1.9 32.3 5.3 8

Tandem Share Discussion Threads

Showing 3776 to 3797 of 4675 messages
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DateSubjectAuthorDiscuss
20/10/2012
09:40
G1TY i'll post a contact email address on sunday 21st october at 9.30am. I'll leave it on the thread for about 20 minutes. I'll check back later today to see if you've received this message. Woody
woodcutter
19/10/2012
08:27
Thx G1TY and dd your response very much appreciated. The history of the treasury shares would be nice to know but i guess from an investment perspective it's not that important so i'll leave that for now but thanks anyway. I'm always a little wary of actuarial accounting on pension funds myself, one year there's a surplus the next there's a deficit and the swings from one to the other can be staggering. I think the old Casket Group scheme is not a problem but the Tandem scheme i have less confidence in, over £500K paid out last year against assets of £7m+ doesn't inspire me. I have to confess i hadn't looked at directors salaries,(something i always consider) that was a bit remiss of me. I ought to generate a check list:-) I think it's got the potential to be a fantastic business with the brands it holds still, i'll sit on the sidelines for now and see if the cycling craze is a fad or for the long term, but thanks again both of you for comments. WC
woodcutter
19/10/2012
07:31
duplicate of above......hit the button twice.....removed
graham1ty
19/10/2012
07:31
Woody, David and i seem main followers/supporters/critics of tnd. I have been a holder for ten years. Yes is cheap, however, until a positive statement is made, or corporate action/rumour, this is going nowhere. At the last AGM I said to the Chair "but all yr statements are so dull, all make excuses, when u going to have something positive to say ?". He replied "trust me, when we have a good tale to tell, we will". I replied " but melvyn, I have held for ten years and we are yet to have that positive statement". There was an awkward silence. TND is cash positive, dividend paying now, consistently profitable, some assets to sell one day ( Ben sayers golf), pretty good cash balance and it shifts a lot of bikes. BUT they are to independent retailers, all of whom are feeling the squeeze. Buyers of toys/kids stuff are holding back. Where enormous orders come in ( Argos, a couple of years ag0) margins are awful. Director's salaries have been in some years a little racy. Jam tomorrow....... re the pension, it is the actuaries, changing the rules every five minutes. look closely at the schemes, they are relatively small and legacy ( Casket, over ten years ago). The number of beneficiaries in one scheme is I believe less that ten. The actuarial changes mean valuations/deficits keep changing and the pension fund tail wags the TND dog. It IS taking management time, and the payments to protection funds/regulators are absurd, but I would not overly worry about the pension funds. re the shares in Treasury, there is a story there, when the Company was forced to buy in a whole slug of shares at a premium. By direct email I could tell you the story. So, yes it is cheap, yes it is a rare beast, profitable throughtout the last five years, yes it is a good little business. One day, someone in the bike world, whether it is another bike manufacturer ( Accell bought Raleigh), an entrepreneur ( one of the Wiggle founders ?) or maybe even a VC will look at this and shove a rocket up its backside. Until then, on trading alone, I would not hold yr breath. However, it is a good little business. One day, the weather will be right, the dollar will have moved in the right direction, the actuaries will make a concession, a strategic investor will take a stake...............and it will be back up to the highs of a couple of years ago
graham1ty
18/10/2012
17:48
New to this board so if i cover anything already dealt with then my apologies. I have read back over a few pages. Just started to analyse tnd on the back of the team gb cycling olympic success story and of course the tdfrance. I was very surprised at the share price movement i guess that's what attracted me at first, it looked a bargain. I know my local halfords has seen a rise in bike sales as i was chatting to a member of staff last week, again that was also a factor in choosing to review tnd. I have to say i'm rather puzzled and don't know what to make of things. Only 5,5m shares roughly and 30% in treasury. I don't recall ever seeing such a strange share structure, seems to me it ought to be a private company, very illiquid (even more so with so many shares in treasury). More importantly after reading the last H1 report i found it odd that bike revenue in the outlook trading statement to september was lower than for the same like for like period last year. (of course last year could have been exceptional but on the face of things doesn't appear so) The other area of concern that stood out was the pension scheme deficit of £2.6m against equity of £6.2m this leaves an element of uncertainty imv as to the strength of the db scheme. From the last annual report the current deficit of £2.6m against a pension scheme fund value of £9m+ over the two db schemes is quite significant even allowing for the fact that much of the schemes are in equities rather than guilts. I was rather hopeful when i first engaged in looking at tnd i thought it looked good value but the more i analyse it the more uncertain i am, particularly the pension position. However with just under 4p eps in H1, and i would expect weighted to H2 a 14/15p eps looks readily achievable, even allowing for the outlook statement. So per of about 6, very undervalued? Perhaps not against historical per values! I notice davidosh is a follower and would be interested to know if i'm missing something? btw i passed on loq...........bad move by the looks of it:-) Woody
woodcutter
09/10/2012
09:45
Buying their own shares is positive because it means they have no cash worries. Perhaps trading has continued to pick up.
amt
09/10/2012
09:12
The cos. grand thinking continues:- http://www.investegate.co.uk/Article.aspx?id=201210091007552571O
cwa1
06/10/2012
14:16
Halfords two days ago stated.... ยท Cycling: strong performance fuelled by active trading, better weather and Tour de France & Olympic successes Like for like sales are up 14.7% in cycles during the three month to September. My local bike shop says sales are up 30% since the Summer successes and I should order now for Christmas....no doubt trying to sell to me but you get the general message and bikes will be big sellers this Christmas IMO. If Tandem cannot do well in this H2 and into 2013 then they never will ! Sign up a big name and go for it....Trott for Tandem would be my choice
davidosh
06/10/2012
09:57
Poco, I am sure they are doing very nicely themselves out of it so probably not that useless! Unless of course you think that maybe they should be trying to do something for the shareholders.
gbcol
05/10/2012
18:23
Everything cycling related is going through the stratosphere - while this share price falls and the BoD appear to be in a coma. Shocking! What a useless bunch they are.
poco a poco
28/9/2012
08:53
The dynamic house of ideas that is Tandem continues apace:- The Company announces that it has purchased 11,786 ordinary shares of 25 pence each in the Company at a price of 90.0 pence per share and transferred them into treasury.
cwa1
21/9/2012
12:45
On the bright side, my holding here is now worth so little that if they go bust I will barely notice the effect on my portfolio. In fact, it might be better if they do as I could then use this against my other capital gains.
gbcol
21/9/2012
10:05
more worrying is the cash flow compared with the same time last year. they are stretching their creditors whilst debtors have decreased. they will have to pay their creditors sooner or later which will impact on cash. also cash has reduced by 600/ since year end finance costs up and the company still thinks it is better to buy back 55/ worth of shares. no growth strategy no idea. they continue to shrink and they still have no way other than cutting costs.
neverforget
21/9/2012
08:57
Oh dear...never fails to disappoint this share. Bicycle management team want replacing if they can't succeed in a gift year like this.
wapper
21/9/2012
07:01
Company has reverted to type: no disclosure, no inspiration, nothing to do with the cash except buy back shares. Desparately needs new management to shake this up. May be time for another shareholder rebellion.
18bt
21/9/2012
06:56
Dull and uninspiring in a cycling and generally sports mad year :-( And:- We expect profit for the year to 31 December 2012 to be behind the prior year but all of our employees continue to work hard to deliver a satisfactory level of profitability in a challenging trading environment. Badly need a shake up and some inspiration IMHO.
cwa1
21/9/2012
06:46
As always, boring, but safe. Profitable, hanging on in there. Still cheap but nothing to excite anyone.......a 0.1p increase in the divi......yawn
graham1ty
21/9/2012
06:25
Hmmmmmm.....
cwa1
21/9/2012
06:12
half yr results out Dawes has a shortage of some key lines until new yr weather has not helped
mrshaungcm
01/8/2012
16:10
Absurd spread on these, 13% buy/sell execution only. Plus ca change.
puffintickler
01/8/2012
15:28
Wiggoooooooooooooooo
18bt
01/8/2012
13:18
I can reveal that the bikes used in the flying dove bike sequence of the olympic opening ceremony were in fact Dawes bikes with purpose created mechanisms and a friend of mine was one of the riders. He is only now able to talk about it as it was kept a tight secret beforehand. I wonder if Dawes were used because of our sponsorship deal and whether all purchased or supplied free Oops sorry...not sure that was worth saying twice! Hopefully Wiggo can do well in the time trials this afternoon and further boost bike sales...lol
davidosh
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