Tandem Share Discussion Threads

[graham1ty] 03/12/2013 14:02

Bleedin eck. Big figure 6............learned this morning from the Clapham Society that Claud Butler used to be based here in Manor Street SW11. The first bike maker in Clapham set up in 1879 ( not CB)!

[mrshaungcm] 29/11/2013 20:50

technical recovery or will some fundamentals drag it back down?
hindsight

[mrshaungcm] 28/11/2013 21:00

hxxp://www.bikebiz.com/news/read/dawes-cycles-is-hitting-the-road-in-january/015740

sounds very interesting

[graham1ty] 25/11/2013 14:26

Cannot be bothered to look back through all the data.....but think 72p is lowest price traded since early 2010 and well below all eight Director's share purchases since April at prices between 81p and 100p. Will they ( or the Company) be buying more at 72p ?

[graham1ty] 25/11/2013 08:34

They are devoid of a strategy for getting out of their current underperforming sectors. We had a presentation of strategy three years ago, and none of the major targets have been met. The Board has refused to do a presentation at each AGM and has refused to present to us how they can move forward. So, we remain in the dark, see a Company smaller than it was ten years ago despite significant cash generation. And then the worst set of interims in ten years.

And we know you read this thread : so there is a simple solution. Prepare a presentation and tell us what the plans are !!! Like david I have held far too long and am just waiting for the offer of 140p a share to get out ( that was offered to one shareholder, but not the rest)

[davidosh] 24/11/2013 20:54

...And the 7 year chart suggests I have been here far too long with too little gain !! lol....although not really very funny in reality when so many of my other investments have done much much better in that same period.

[mrshaungcm] 22/11/2013 22:10

3 yr chart says boom sometime

[mrshaungcm] 22/11/2013 22:09

2 yr chart says new low looming
time to dip ones toe in coming up

[mrshaungcm] 20/11/2013 19:50

hxxp://www.bikebiz.com/news/read/accell-says-hot-summer-failed-to-make-up-for-harsh-winter/015700
But despite the difficult season, turnover growth is expected from the group

Accell Group - owner of Raleigh, Diamondback, Winora, Haibike, XLC, Koga, Ghost among others - is predicting higher turnover in the second half year in all product groups in its key territories. Higher turnover is also expected across the full year.

Accell said 2013's operating profit will be roughly the same as in 2012, while net profit is expected to fall due to higher financing costs and reorganisation charges in the Netherlands and North America.

Sports bikes and electric bikes continue to sell well for Accell, while 'pressure on sales of traditional bikes' has eased. 2014 bike lines have been well received, the group said, and inventory has returned to around the same level as 2012.

Accell Group boss René Takens said: "Developments in recent months show that the bicycle season has not really picked up in full following the bad conditions during spring, despite good weather in the summer months in most countries. Therefore, there is no material impact of sales catching up and more products were sold at a discount at the end of the season than anticipated. Meanwhile, inventory levels have again normalized.

"As our dealers are also encountering the effects of a difficult season, less bicycles of the new model year are currently sold in pre-season sales; dealers are frequently moving orders to the spring. Nevertheless, Accell Group's turnover will also increase in the second half of the year, which also demonstrates that even during slow economic times the underlying long term trends of more consumer interest for mobility, health and sports are structural.

"We expect turnover to increase organically in the full year 2013 compared to 2012 while margins will be lower. On an annual basis, operating profit is expected to come in at approximately the same level as in 2012."

[castleford tiger] 20/11/2013 17:40

This is liking being on the slow boat...........

We back the retailers but they are selling less!!

The whole business needs looking at rather than them finding excuses.

Its pathetic

Tiger

[mrshaungcm] 18/11/2013 12:49

WELL - CHAPS
and fellow lurkers - there is 2 of the biggest manufacturers results - they make bikes/frames for other brands!!!!!

[mrshaungcm] 18/11/2013 12:46

hxxp://www.bikebiz.com/news/read/giant-enjoys-highest-ever-level-of-earnings-per-share/015689
Giant has posted its highest ever level of earnings per share for first 9 months of year. Sales flat in Europe, strong in China.

Giant has reported a net profit of $89.1m, or earnings per share of NT$7.05, for the first nine months of the year, up 13.87 percent year-on-year.

In the first three quarters, the company's total revenue increased 2.37 percent to NT$42.11 billion, with sales in China rising 28 percent year-on-year. However, sales in the US fell 2 percent along with a flat performance in Europe, reports the Taiwan Times.

Merida, also of Taiwan, has also released figures, showing its net profit rose 42.04 percent year-on-year to NT$2.26 billion, or earnings per share of NT$7.92, during the nine-month period, on sales of NT$18.73 billion, up 5.75 percent from last year.

However, analysts said both Giant and Merida would see revenue decline in the fourth quarter.

Deutsche Bank said that Giant is likely to see revenue fall by 11.8 percent to NT$13.15 billion from last quarter and net profit to decline by a sequential rate of 16.7 percent to NT$771 million, or NT$2.06 per share, as the market in China has entered the slow season, while poor market conditions in the US and Europe remain.
But the German bank said next year would be a good year for Giant, amid signs of improved market demand and good customer feedback to new models.

Article continues below

[18bt] 18/11/2013 12:26

Just catching up on this thread. Whilst I'm no supporter of the BOD, you do need to take account of the dies paid out when comparing the returns to shareholders and the Board. That said, it really does seem to be time to replace them. How many shares do those wanting change hold?

[amt] 08/11/2013 10:57

jeffian - I don't know what you have been reading but the market hasn't been booming for years. If you go back through Halfords results from the last couple of years you will see that. The Olympics and Bradley Wiggins etc are having an impact now.

Boom time expected

While recent growth has been stable, Mintel does expect a boom in sales for bikes in the next five years and predicts the market to grow by 23% in the next five years, to reach a market value of £869 million by 2017

[jeffian] 08/11/2013 10:38

"at last"? Where have you been? Look at the posts from 2847 onwards on the subject. The bike market has been booming for years - Tandem just haven't been able to benefit from it.

[amt] 08/11/2013 07:14

Looks like at last there is a bit of a boom in cycling. Ties in with optimistic statements in the last Tandem report.

[mrshaungcm] 07/11/2013 19:35

Cycling

Over the spring and summer, Halfords becomes much more of a Cycling business and the category was the standout performer in the first half, with LFL revenues up 14.2%. Successive wins for British competitors at major sporting events maintained the UK's significant interest in Cycling; Halfords took advantage of both this and what was undoubtedly better weather.

There were significant enhancements to the range in the period. This included a new Pendleton, launched alongside the great success of the Somersby. A high-specification carbon-fibre Boardman road bike, priced in the period under £1,000, sold well. Apollo, the UK's largest bike brand, added a road racer at just £200 and a popular new junior road racer within the Carrera Zelos range was priced at under £250.

Promotional events and spot buys augmented the strong performance. Up-weighted clearance activity was matched with spot buys under the Carrera and Raleigh brands and offers included 10% off all road bikes during the Tour de France and Olympic legacy events. Additional investments in stock were notable in Cycling to ensure that continually strong demand was met with good availability in store and online.

A new TV-advertising campaign that reflected a very different approach in our Cycling marketing strategy matched our desire to extend our community responsibilities. Halfords now partners with Re-Cycle, a charity which sends reconditioned bikes to Africa, where bikes are in significant demand. A summer bike trade-in event offered customers a 10% discount on a new bike when they brought in their old bike, collecting c.5,000 used bikes for shipment to our charity's partners in Africa in the process.

In our desire to support the resurging interest in Cycling amongst children, our store colleagues held kids' workshops on Cycle Repair, attended by around 10,000 children during the summer holidays.

Cycle Repair was a key focus, with sales up 27.7% in the first half. We helped profile our Cycle-Repair service by proudly partnering with Sky for their series of weekend Sky Rides around the country, providing assistance to thousands of participants. Our team of mechanics also attended other major Cycling events such as the Deloitte Ride Across Britain and many other local events.

[mrshaungcm] 07/11/2013 19:33

Halfords results
www.investegate.co.uk/halfords-group-plc--hfd-/rns/half-yearly-report/201311070700114057S/

[wapper] 05/11/2013 08:38

Just heard Falcon M.D. has been sacked . Must have been on cards for a while .Poor performance. Heard that the FD has been asked to go at end 2013 too.Also some more staff changes to come. Also both Falcon & MV rumoured to have lost significant Multiple retail business for 2014. Seems the business model is not what it used to be.Markets changing but TND not adapting quickly enough.This is 2nd hand info. but quite reliable.

[davidosh] 28/10/2013 13:52

I do not think we should be arguing amongst ourselves and naturally I would not be surprised if some shareholders saw the share price double in quick time as they did two years ago then no doubt after ten years invested and nothing happening they decide selling some is sensible portfolio and risk management.

The debate for me is firstly as highlighted....What is the fair reward for the directors in a company where the performance over ten years has been far below the average on the Aim market and where the market cap is significantly below the average and in fact in the lowest 10%.

I would argue that remuneration could be half the level it is to be more in line with what is desirable and fair which in turn would make the company far more profitable and the share price likely twice the level it is now. The directors could then take their reward via share purchases and options !

Whilst commenting on the share price...I do not think it was a good use of shareholder funds to buy the shares of just one shareholder at the price of £1.40 when the share price had never traded at that level at any point in the last decade but had clearly moved up on the share purchases of that same individual. If the company had provided a tender offer at that level then I suspect every holder except the directors would have accepted £1.40 as the price for their exit after ten years hard labour which in itself suggests it was too high !

[puffintickler] 28/10/2013 13:21

David

I agree that the remuneration of the directors is out of all proportion to their performance and the size of the company. This situation has persisted the whole time I have been a shareholder (since 2001).

[graham1ty] 28/10/2013 13:13

Andrew, I really do not want to get into a debate about the semantics of a ramp. The price was, in my opinion, being driven artificially high, so yes, I sold some.

[graham1ty] 28/10/2013 11:50

I can provide Director's Pay David. This is gross including pension contributions and bonuses ( sic):
2012......................£538,000
2011......................£345,000
2010 ( to Jan 2011).......£540,000
2009 (1/10)...............£568,000
2008 (01/09)..............£565,000
2007 (1/08)...............£588,000
2006 (1/07)...............£341,000
2005 ( 1/06)..............£385,000
2004 ( 01/05).............£406,000
2003 ( 01/04).............£407,000

That is a total of £4.68million pounds. The market cap of Tandem today at 75p is £3.4m. Shareholders return over ten years ? A few pence per share in divis. Board's reward: £4.68m