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Share Name Share Symbol Market Type Share ISIN Share Description
Tandem Group 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
  +0.00p +0.00% 195.00p 190.00p 200.00p 195.00p 190.00p 190.00p 13,650 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 32.5 1.9 32.3 6.0 9.16

Tandem Group Share Discussion Threads

Showing 4226 to 4247 of 4525 messages
Chat Pages: 181  180  179  178  177  176  175  174  173  172  171  170  Older
DateSubjectAuthorDiscuss
10/3/2016
19:13
Anyone can import a load od crud from China such as plastic bushes etc !
my retirement fund
10/3/2016
18:44
As an addendum to my post above, what I would also add is, CT does have a good handle in most the shares he holds, he has a accountancy background and as such his posts do have credibility. He also owns retail businesses and his businesses do export from China. On balance his remarks a probably have more credibility than my off the cuff comments. Tandem isn't the only company which comes out with ambiguous statements and I think he knows which company that is.
simon templar qc
10/3/2016
17:11
Hi CT if you recall I held a small position here about 2 years ago then sold out. For what its worth here is my small pennies worth. No big deal on profits so far! However its the outlook statement that has caused the large fall. Whether it was deserved is another matter. On the one hand they put out quite a few cautious statements on the other hand they give some positive statements, unfortunately that is where the problem lies the statement difficult to get your head around. I am on fence. edit: Does look very cheap with a caveat. That sales don't fall further and margins don't fall too much.
simon templar qc
10/3/2016
16:34
stepped in again mopping up some stock late on circa 124p Happy to take what ever is coming my way. tiger
castleford tiger
10/3/2016
11:03
Yes I agree but I am not buying this "duty" rate error. When I buy from China there is a rate agreed that is added to the costs at the point of import. Its not an easy topic and does become messy. hxxp://www.dutycalculator.com/popular-import-items/import-duty-and-taxes-for-mobility-scooters/ However they understand this clearly and the only argument comes via HMRC if they disagree with your documentation. How many of you know that Fireworks are given various duties. Its all a mess. Garden firework cat 3 is different to Cat 4 the stuff we use in displays. Anyway I do not think its a serious profit warning. I do not buy into profits will be lower in 16 than 15. Are we just going to ignore the 800k from the new company? Read the old trading updates there is always something. They talk it down. I remain happy with my stake even though paper cost me 60k yesterday. I am here for the long term with a 400p and a 20 million market cap valuation target. Tiger
castleford tiger
10/3/2016
10:14
puffintickler - exactly. It is an obvious concern which they should have addressed in the RNS. Overall, the tone of the statement yesterday seemed very doom and gloom to me and my read was they expect 2016 to be below 2015 in terms of performance. I maybe completely wrong and, as Tiger rightly says, they are hardly on a demanding multiple - they could even be a takeover target at the current lowly price. I sold out yesterday as my gut feel (as "my retirement fund" alludes to in that bad news comes in threes) is that they are preparing investors for further bad news in the coming months.
mickharkins1
10/3/2016
09:29
Castleford Tiger I take your point about recovery of historic duty costs is in principle possible. But what would be the effect of a change in code on forward margins? If they bought the businesses on profitability figures that were calculated on incorrectly low duty figures then the profitability would have been overstated and future margins and profitability will be lower than expected.
puffintickler
10/3/2016
08:32
As I say, these things tend to come in threes.
my retirement fund
10/3/2016
07:54
The completion accounts show that ESC's net assets were GBP1.8 million on 1 September 2015. For the 10 month period ended 1 September 2015, turnover was GBP6.3 million and net profit was GBP0.8 million This to be added to the TANDEM contribution. Still see EPS 50p for this current year. If the shares had been valued on 14x earnings I can understand the fall but 2.5 current year and 4x historic ,well backed by assets and debt only 2 times EBITDA. I am sure Mr Bragg will have something to say. Tiger
castleford tiger
09/3/2016
19:48
Expressco Direct hxxp://www.halfords.com/webapp/wcs/stores/servlet/MiraklSellerDetails?catalogId=10151&storeId=10001&langId=-1&sellerId=2147 I wouldn't say they've picked a bad name. But if would have been nice if they had traded under Tandem, centralising brand power under that umbrealla rather than creating something completely new. I wonder who the new MD is. On the import duty issue, it is in Tandem's favour that the directors and vendors of each acquired business elected to remain in post as directors within Tandem. Assuming they are still in position, I suppose we can assume they didn't see this coming. But then, could relations sour internally as a result of this problem? It needs to be quantified ASAP. On balance it looks like a buy to me but today's statement has done a superb job of creating maximum fear among shareholders.
rndm355
09/3/2016
19:03
So I guess you can read how you like but I think its far too cheap. for that reason I have bought what I can today and will continue tiger
castleford tiger
09/3/2016
18:55
Interesting comment on todays thread from a few posters. Some observations, if the lack of a promotional contract with a large retailer has so little value then why an earth are they warning on that - for fun? ARE THEY WARNING? OR JUST SAYING REVENUE MAY FALL AGAIN. IT HAS LAST YEAR BUT PROFITS ARE UP. They are saying their bread and butter cycle sector is a) saturated and b) competitive - either this means margins are going to fall significantly in this sector or again they are saying this - for fun !! (Unlikely) THE MARKET HAS BEEN THE SAME FOR THE LAST 3 YEARS READ THEIR T/S QUOTE Revenue was approximately 4% behind the prior year. Despite a strong performance from our corporate bicycles division including a significant promotional contract with a large national supermarket during the year, independent cycle dealer business continued to be challenging. This was the first full year of Pro Rider mobility products which made a solid contribution. Notwithstanding the decline in revenue, profitability was ahead of last year, enabled by careful margin management and control of overheads.END QUOTE The coding for the duty is a big problem that can easily blow up - the fact of the matter is that they bought this bolt on as a going concern with 100% of the shareholding, the reality of this means they now own 100% of HM Revenues liabilities going back forever ! there is no get out of jail card for this, this is law and fact !! AS THEY SAY THEY WOULD RECOVER ANY LOSS FROM THE VENDORS. I DO NOT SEE THIS BEING A PROBLEM There was a sliver lining in that revenue seems to have increased yoy however this means very little against a backdrop of decreasing margins. OTHERWAY ROUND. THEY ARE SAYING. ALSO DONT GET HUNG UP ON THE OTHER DIVISION THEY HAVE TAKEN A LOAD OF COSTS OUT BEFORE IT SHOWS A REDUCTION QUOTE............ Despite strong revenue performance, profitability was behind the prior year partly attributable to margin pressure and also to the investment in our direct to consumer operations including relocation and integration costs END QUOTE All in all, I would say there is significant risk here and I rather suspect it (as well as today's share price action) foreshadows what may well lay ahead. THE P/E IS UNDER 4 ?????? One last thought and it rings true so often - profit warnings tend to come in threes. MY VIEW IS THAT THEY WILL BE GRANTING OPTIONS. LETS SEE EH BUT I AM STILL GOING FOR EPS 50P IN CURRENT YEAR FOR A P/E OF 2.5 TIMES. TIGER
castleford tiger
09/3/2016
18:37
Interesting comment on todays thread from a few posters. Some observations, if the lack of a promotional contract with a large retailer has so little value then why an earth are they warning on that - for fun? They are saying their bread and butter cycle sector is a) saturated and b) competitive - either this means margins are going to fall significantly in this sector or again they are saying this - for fun !! (Unlikely) The coding for the duty is a big problem that can easily blow up - the fact of the matter is that they bought this bolt on as a going concern with 100% of the shareholding, the reality of this means they now own 100% of HM Revenues liabilities going back forever ! there is no get out of jail card for this, this is law and fact !! There was a sliver lining in that revenue seems to have increased yoy however this means very little against a backdrop of decreasing margins. All in all, I would say there is significant risk here and I rather suspect it (as well as today's share price action) foreshadows what may well lay ahead. One last thought and it rings true so often - profit warnings tend to come in threes.
my retirement fund
09/3/2016
16:25
I think its just their poor wording. They always read like this. Looking at what they made at the half way stage I am fairly sure EPS will be very close to 30p. I expect those costs to be met from cash flow. I do not see any need for a rights issue .The company hold a large number of shares in treasury that it bought and took out of the game. They have bought the Birmingham site and two big bolt on companies in the last 3 years. They were holding cash just 9 months ago. Yes they have not got a big deal with a supermarket this year but that's very low margin stuff. might cost us 100k in profit. Bringing the business to one or two sites will pay off. They have bought a business that is direct marketing. I agree that pressure is on ind retailers. They are proving difficult to talk to probably because they need to share with everyone. After year end I shall be watching for the issue of options and what the strike price is based on and the uplifts required. The company is poor at PR and regards Shareholders as a nightmare that has to be dealt with. I am hoping that will change. tiger
castleford tiger
09/3/2016
14:34
Group operating profit before non-underlying items is expected to be marginally behind the prior year. so eps down from 35p and a p/e of 5 to will we make 33p eps and now to under 4? market cap 6 million. Far too cheap which is why I am buying whatever comes up today/tomorrow and every day. Tiger
castleford tiger
09/3/2016
14:17
all what did statement say,will market expectations be met,missed or exceeded.
charo
09/3/2016
14:16
all what did statement say,will market expectations be met,missed or exceeded.
charo
09/3/2016
12:55
Net assets increased from GBP5,597,000 at 30 June 2014 to GBP6,843,000 at 30 June 2015. Inventories were higher than the prior period at GBP7,983,000 (30 June 2014 - GBP5,104,000) principally due to the Pro Rider business and higher levels of stock holdings in the bicycle businesses. There was an overdraft of GBP545,000 at 30 June 2015 compared to cash and cash equivalents of GBP2,124,000 at 30 June 2014, again reflecting the Pro Rider acquisition. Net debt increased to GBP6,164,000 at 30 June 2015 against GBP3,804,000 at 30 June 2014. I assume you are reading the above from the sept accounts. Tiger
castleford tiger
09/3/2016
12:42
Neither of those two issues worry me. Any costs re classification will be met by the sellers. Its a pretty simple thing to sort. Debt to market cap ? Where is that figure given? If we are looking at Historic figures we have just bought our own warehouse/and two new companies. Does anyone see my EPS calculation being wrong? That's the key point. The shares were hardly over valued. EPS last time was 34p. Tiger
castleford tiger
09/3/2016
09:31
The old FX hedges running out in H2 and USD hitting them Asking the vendors of (both?) Pro Rider and ESC for compensation due to potentially/allegedly underpaid duties. If that second issue turns out to be serious, could be an expensive process and also raises some red flags around things like the level of due diligence prior to the transactions and the motivations of the vendors. Also we have execution risk and investment expenses in the formation of a new direct to consumer business. New managing director being hired along with a strong of new staff members across various functions. All of these issues and questions can unwind over a year or two but it's a lot to process for potential risks.
rndm355
09/3/2016
09:28
Debt looks very high relative to market cap. Still investigating. HMRC investigation will be nasty and take up management time
pugugly
09/3/2016
09:02
Still see EPS around 35/40p current year. I also see 50p ( down from 60p in current year) They have the new business to have a full year contribution. 1 division up and 1 down. Shares look far too cheap but the market decides and it does not like it. We will only have a month to wait for the detailed results but I remain a buyer. I tried this morning and it was 105/145. What a laugh. Any specific areas of concern in there I have missed? Tiger
castleford tiger
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