Tandem Share Discussion Threads

[cwa1] 15/4/2015 07:30

Morning amt

I've never shorted a share in my life and still done exceptionally well with AIM shares on the whole :-)

[amt] 15/4/2015 07:16

Yes AIM market has made a lot of money for those shorting shares and that coincided with the change in the rules.

[cwa1] 14/4/2015 20:49

One person's catastrophic mistake, another person's thank you very much :-))

[amt] 14/4/2015 20:40

davidosh thanks for info. I forgot my Zoo shares are doing ok. However if you look at miners, oil exploration and many others the AIM market is shocking. It was a catastrophic mistake to allow people to invest ISA and Pension fund money in such a poorly regulated market. Anyway I am confident that Tandem can get to 5 quid over next couple of years and my other disasters will be sipped out.

[castleford tiger] 14/4/2015 19:10

Tiger is booked in...........

looking forward to it

[davidosh] 14/4/2015 11:58

AMT....one in 30 not virtually worthless. I think you are fishing on the wrong side of the pool !! Especially if Tandem is your best performer which until recently has not been very reliable on shareholder returns.

You need to go to next weeks big event....

www.melloevents.com/mello-workshop/

You will certainly improve your performance after attending a good selection of those. The fund managers attending are top notch too.

[castleford tiger] 14/4/2015 09:34

I bought MAJESTIC last week at 280p as the new CEO will transform them.

LPA another 5 bagger in the next few years.

Tiger

[amt] 14/4/2015 09:13

Yes looks like it was a shrewd move by the board and the Greengiant did us a favour in the end. It's the only investment in my AIM porfolio of about 30 companies that hasn't become virtually worthless. First class company with very good management.

[graham1ty] 14/4/2015 09:09

was Feb 2011 that the Greengiant fiasco ended and the Board paid 140p to buy him out. Taken four years to get back to that level !! Well done Board

[amt] 14/4/2015 08:49

Sorry 4m but its 6m market cap. Buy yes let's celibrtate. A full year of mobility and 50 p EPS is not unrealistic with a bit of growth elsewhere. So yes 2.50 to 5.0 quid or even more in 6months to one year.

[castleford tiger] 14/4/2015 08:46

FROM THE LAST INT RESULTS

CHAIRMAN'S STATEMENT

Results

Group revenue in the six months to 30 June 2014 was GBP13,735,000 compared to GBP11,251,000 in the six months to 30 June 2013. Gross profit increased from GBP3,370,000 in 2013 to GBP4,051,000 in 2014.

We are 6% ahead of a very strong first half. Underlying for current year 30/35p a share.

Far far too cheap.

[castleford tiger] 14/4/2015 08:43

not sure he said the market cap was 1.2 ???????/

Come on celebrate !!!!!

Underlying are well over 25p ( 27p ) I get.

6% stronger so far this year against a very strong first half last time.

The shares should be 250p based on earnings alone.
Strong asset base...........buying what I can again but that's not a great deal.

Tiger

[amt] 14/4/2015 08:37

It is cheap on a pe of 5 but you cannot say the market cap is 1.2 the liabilities more than offset that.

[balcony] 14/4/2015 08:25

These have always been under-rated but take away the cash from market cap and you have a £4m company making £1.2m,these have to be rerated

[graham1ty] 14/4/2015 07:38

well done tiger.

[castleford tiger] 07/4/2015 13:32

Boom........is the word leaking!!

Tiger

[davidosh] 29/3/2015 14:53

We have some great companies lined up for the event. See the first batch listed in the news section.

[castleford tiger] 28/3/2015 10:01

Think the Tiger may well do the Thursday.
yes I will.

[davidosh] 24/3/2015 19:13

Results in early April will be good timing for them to come to our event in Peterborough.



Here is the full two day programme

[castleford tiger] 24/3/2015 18:47

results early April
underlying 1.2 million

should re value shares but who knows

tiger

[castleford tiger] 09/3/2015 19:57

And the pension deficit: and their bold statement "we continue to steadily improve our balance sheet". Well in 2010 net assets were £7m; in 2011 £8.665m in 2012 £5.6m; in 2013 £5.6m. Is that improving ?

The fall was due to accounting rules on pension deficit.

It will unwind as interest rates improve.

tiger

[castleford tiger] 28/2/2015 14:58

so what do we expect?

lAST YEAR we made 823 pre excp.

I have a feeling that we will get to about 1,200,000 ( including the expected 140k ) from pro rider.
So on a LFL basis about a 20% increase in profits.
Clearly we then have to add in the excp items 516k plus a smaller one for this year.
Eitherway we had a much better year.
Not sure we will get too big a hike in the dividend but this company could well settle at making 1.5 million in current year.
That implies a value of 8 x so 12 million.

That to me suggests some serious upside in the price.

anyone got access to the shareholders register please?

tIGER

[castleford tiger] 17/2/2015 17:43

Skiing so hard to respond but pension issue is low yield. They are saying buy the shares. I have bought more

[graham1ty] 17/2/2015 12:03

As always a mixed bag. Revenue and operating profit up, but flagging problems in some segments of bicycles, the strong dollar and a very vague comment about the rising pension deficit.

In bicycles, revenue and profits are up, but then they were down 11% and 40% respectively the previous year. So, better than 2013, but almost certainly still well down on 2012.

In sports, leisure, toys revenue up 16%. But revenue at the 1H was up 54% with a £500,000 swing in opertaing profit. So, if you take 16% overall, then means +54% in 1H and DOWN 2% in 2H ( think that maths works: £4.06m and £9.14m plays this years £6.3m and £9m. It may be worse than that in 2H as the 16% overall rise appears from the statement to include golf trolleys.)

If you strip out the Prorider £1.4m then total revenue is £29.9m. This would split into the reported interim £13.7m and £16.2m in 2H. But last year 1H was £11.25m and 2H £16.8m. So, again a fall in revenue overall in 2H.

And the pension deficit: and their bold statement "we continue to steadily improve our balance sheet". Well in 2010 net assets were £7m; in 2011 £8.665m in 2012 £5.6m; in 2013 £5.6m. Is that improving ?

The results will look great. Headline profit will be fabulous because of the derivative contract write backs. But, as always with dear old Tandem, a fairly mixed bag with lots of sucking in of teeth and caution.

I remain on the sidelines. Good call Tiger in the lasy week

[puffintickler] 17/2/2015 07:23

Positive trading statement!

Operating profit is expected to be significantly up on last year.

Must be some mistake.