Tandem Share Discussion Threads

[simon templar qc] 10/6/2014 08:25

One caveat in the statement and that is the company stated the second half strong last year and would be a challenge to emulate this year!

[amt] 10/6/2014 08:08

And as I mentioned the share price will take care of itself.

[amt] 10/6/2014 07:20

Very encouraging AGM statement.
Looks like heading for annual revenue of between 29 to 31m. So net profit of between 1m to 1.5m would be my guess.

[amt] 09/6/2014 22:36

A broker note may have a temporary impact on the share price but in general its pointless. Best just to let the share price take care of itself as it will over the long term. What can a broker tell us that we don't already know, nothing, complete waste of money and worse a waste of management time.
Look what happened last time there was external interference, the share price rose, the company bought back shares as a relatively high price and the share price fell back later on. Net result bad for the share price.
If the shares stay undervalued the company can buy back shares at these levels and then when there have been a string of good financials the share price will go up even more.

[simon templar qc] 09/6/2014 08:27

Thanks Graham

[graham1ty] 09/6/2014 08:22

There was a paid for note about five years ago. Was not worth the paper it was written on. Was absolute rubbish. IMHO it has to be an independent note to have any credibility at all. re the numbers talking for themselves, TND have been unable ( I hope up to now) in producing a regular, steady income stream. Either the $ or the weather or the pension deficit have always been blamed. the numbers WILL talk for themselves if they are consistent. I do think the Company has done a very BAD job at promoting the cash generative nature of the business. Rmember it had net debt of £16.9m in 1999, down to £2.6m in 2005, down to net cash balances by 2011. The only reason they have moved back to a net debt position is the purchase of the factory/warehose which is itself very earnings enhancing. Do not believe the numbers on most websites as they include the pension deficits in net debt ( I know that is another long argument.....) but reported ACTUAL net debt was just £3.1m total cash generated by operations of £1.6m !!!!

[18bt] 09/6/2014 07:58

I'm for broker notes. Most companies Edison cover seem to get a much wider following as a result. Can't see any other way of promoting the company to investors unless it gets bigger and it won't get bigger without promotion.

[simon templar qc] 09/6/2014 07:55

amt, No research notes=poor pe ratio and share price.

Company is way undervalued and it has been for years. If they don't promote the company you will face a low pe ratio in future.
Ae ration of 7 is far too low.

[amt] 09/6/2014 07:51

Tell them from me please not to waste money on research notes. Let the numbers do the talking.

[simon templar qc] 09/6/2014 07:38

Graham, If you are going can you ask them why they haven't a broker do research notes!

Remind them of duty to promote company for benefit of "all members" under company act.

Have no objections you telling them one of their shareholders understands a derivative action !!!

[graham1ty] 09/6/2014 06:38

I hope to be there ( sorry Jim !!). Can give a lift from London if anyone wants

[davidosh] 09/6/2014 02:25

Any of you going to the Agm on Tuesday ?

[simon templar qc] 08/6/2014 21:08

AGM Tuesday dividend paid on or around the 13th June!

Friday the 13th unlucky for some but not for us shareholders!

[simon templar qc] 03/6/2014 12:26

AGM next week, have noticed the buyers coming in presumably ready for a bullish AGM trading statement.

[simon templar qc] 27/5/2014 08:20

Not far off June for AGM and another upbeat trading statement.

[simon templar qc] 02/5/2014 12:40

x dividend this month and then AGM in June I expected the share price to strengthen.

PE ratio far too low and with UK economy improving this has a lot further to go.

[amt] 28/4/2014 10:17

I believe all AIM share purchases are free of stamp duty. I wonder if it will cause more day trading.

[simon templar qc] 28/4/2014 10:03

amt

So am I surprised the share price seems to have staled but its a lack of news rather than anything else. I suspect the next bit of news will push up the share price higher.

By the way what are the new rules on stamp duty is it all share purchases regardless of cost?

[amt] 28/4/2014 08:33

Suprised shares have not risen, my short term 3 quid target is looking in doubt.Can buy without stamp duty from today. A few Director buys needed to put a rocket under the price and get it noticed I suspect.

[mrshaungcm] 25/4/2014 20:55

hxxp://www.bikebiz.com/news/read/average-price-of-a-bike-is-just-233/016304
Volume of bike sales decline while unit price is on the up

Mintel has revealed that the average price of a bicycle in the UK is just £233.

The figures come as part of a wide ranging report into the state of the bicycle market in the UK.

The report reveals fewer Brits are buying bikes while the value of bikes is on the up. Unit sales have declined from 3.6 million bikes in 2008 to 3.2 million in 2013 - down 13 per cent.

The average selling price of a bike rose £27 from £206 in 2012 to £233 in 2013.

According to Mintel, fewer poor quality bikes are available in the UK.

"There is no doubt that Britain's cyclists have become more selective about the quality of bike they are prepared to ride, the average cost of a bike purchased rising in value," said Michael Oliver, Senior Leisure and Media Analyst at Mintel.

"In part this is due to the decline in availability of very cheap – and usually poor quality – bicycles which have flooded the UK market in the past. However, there is little doubt that consumers buying bicycles in the UK are gradually recognising that one gets what one pays for, and that it is worth spending a little more to get a good quality product."

[graham1ty] 22/4/2014 10:56

I wrote after the interims that the results were truly shocking. I have done a very very rough and ready analysis of the turnaround. The 2013 numbers are pre-exceptionals and the 2H numbers are derived solely by subtracting 1H from the annual figures. I hope this table survives posting...

1H 2H Total 1H 2H Total
2012 2012 2012 2013 2013 2013

Revenue 14372 14580 28952 11251 17096 28347

Gross p 4300 4288 8588 3370 4916 8286
Gross % 30% 29% 30% 30% 29% 29%

Op prof 267 704 971 -291 1263 972
Op % 2% 5% 3% -3% 7% 3%

Pre tax 193 637 830 -440 1263 823

Eps 4.0 10.7 14.6 -10.2 17.8 7.63

At each level the turnaround is phenomenal and Steve/Jim, I take it all back. Revenue in 2H was 52% higher than 1H when last year there was no seasonality at all. 2H was also up 17% on last year.

At the gross margin level it is consistent across all periods 29-30%. However, look at the operating level. Operating expenses in 1H ( not in the chart) were £3.66m, yet on revenue up 52%, were DOWN fractionally to £3.65m. So at the operating level a loss of nearly £300,000 in 1H was converted into an operating profit of £1.3m in just six months. And presumably at 7% the best operating margin for years ? Then in 1H finance costs were £149,000, exactly the same as at the year end......so no finance cost in 2H ( these may not be strictly comparable as there is no split in 1H of exceptional finance costs). However, the point is the same: with no increase in the reported finance costs, all the increase in operating profit falls straight to the bottom line.

So, pretax for 2H of £1.26m an increase of 100% on last 1H and it seems 52% higher than the whole of last year. Eps for 2H alone of 17.8p.

Now, this is all a bit simplistic, however, the statament says that the strong 2H has been carried through into 2014. There is talk of further cost savings after the restructuring. Group revenue is "well ahead" of the start of last year. If you take "well ahead" as say 10%, and they can run this at the same level of gross margin, the same level of operating overhead as last year, then we should see a comfortable operating profit in 1H. And if they can get anywhere near the same 2H then anything is possible. And Tiger's £1.75m to £2m of operating profit does not look silly

[castleford tiger] 08/4/2014 18:47

No Simon.

Inc excp credits 1.75 million maybe 2.00 million .

Tiger

there you go mate