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
  +5.00p +2.63% 195.00p 190.00p 200.00p 195.00p 190.00p 190.00p 25,153 15:33:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 32.5 1.9 32.3 6.0 9.00

Tandem Share Discussion Threads

Showing 4401 to 4425 of 4625 messages
Chat Pages: 185  184  183  182  181  180  179  178  177  176  175  174  Older
DateSubjectAuthorDiscuss
11/4/2018
08:33
Graham I have followed for more than 10 years. There have been ups and downs but compared with most AIM companies it is doing well. Its a longterm story thats now looking very positive. It seems to me management are very proactive and have some excellent products particularly toys but all sectors look good.
amt
11/4/2018
08:09
Perhaps ant may wish to give them a pay rise?
my retirement fund
11/4/2018
07:48
Amt, if you had followed this for 10-15 years, you would know what I meant.......
graham1ty
11/4/2018
07:39
What do you mean "despite management" These are good results in tough markets where the economy is in a difficult post Brexit period including a significant fall in the pound although it has started to recover a little. Seems to me management have done a good job pulling off these results and put the company in a good position. They seem to be very proactive.
amt
11/4/2018
07:23
Tiger, those results look pretty good ( bonuses all round). The underlying cash and asset backing is now substantial. That should reset the share price to a new base level. However, as always, they are cautious about this year. Your patience should be rewarded, despite management !
graham1ty
06/3/2018
16:07
didn't bother todays buyers and pushed price up tiger
castleford tiger
05/3/2018
13:13
davidosh No I don't think he does. He and I were the only two at the last AGM. GRAHAM I agree with you paid far too much and not enough based/aligned to improving shareholder value. AMT Remember this debt came about buying the last two companies and the building. Less than a years profit is not highly geared. You will never get a fair valuation on these and 15x I cannot see happening. Just been quoted 2500 shares at 1.25 sell 10000 at 1.125. Looking to buy but that's a crazy spread. If I started selling it would be a pound in no time Tiger
castleford tiger
04/3/2018
07:52
Until the Board is changed, nothing will happen. Over the last ten years, the total remuneration of Mervyn ( non Exec Chairman since 2011) has been £1.18m and Steve Grant has been paid over £2,000,000, yes, repeat that £2.0m yes, million. Mervyn has been there 29 years. Steve joined MV 28 years ago. And in that period, they have built the Company up to £5.5m......er, surely some mistake. Surely it must be bigger than that ? Surely ? Er, NO, NO, NO. But they obviously. Think it is cheap and have been buying up every share they can ? Well, no actually. Mervyn, after 29 years, has built up a stake of 221,000. Steve, has £250,000 worth So, are shareholders and Directors interests aligned ?? Steve got a divi of £9000 and a salary of £231,000. I think I know which is more important to him......
graham1ty
04/3/2018
01:23
Does Simon Bragg read these boards ? Has he been to the last two Agms as I have missed them ? I think Tandem should do a presentation to investors and where better than the Mello2018 event in Derby ?
davidosh
03/3/2018
21:03
I would much rather take a prudent view. Once all the debt has been cleared the company will have been derisked and the share price might then be on a fairer pe of say 15 which will give shareholders a much better return than increasing dividends.
amt
03/3/2018
16:34
Tiger I excluded the intangible assets in my calculations. I dont think they should pay out too much in dividends its already high yielding. They need to pay off debt and the pension liability and build up say 3 or 4m of cash first in case there is a recession. No sign of a recession yet but if Brexit goes wrong there could be 2 or 3 very tough years ahead.
amt
03/3/2018
13:45
They had over 6m of debt so if they have just 10% of the shares they would need 9m Asset backing of about 9 m and a few PG even a stake with the bank should be enough. 9 million is only about 6 years profits possibly even less if Directors took a cut for a couple of years...........they could own it all debt free in 4 years. That's paying 10m for it. What's to stop a PE house stepping in and giving management 25% ? Tiger
castleford tiger
03/3/2018
10:52
Tiger, the Board do not have a big enough holding to get a buy out off the ground. And they would never be able to raise the finance p.a. I did worry in the past that their whinging about the cost of listing would lead to them proposing delisting. Price would drop to 50p......and then they could afford it........
graham1ty
03/3/2018
09:46
Not sure why they don't buy us all out and take it private? If they paid double current price 2.00 a share its under 10m. ( of course we know its worth more) 300p would be fairer. For a company making 1 to 2 million with assets of 8 million possibly 10 this year its a no brainer. Maybe no debt has gone it may be on their agenda tiger
castleford tiger
03/3/2018
08:48
Tiger, amt there IS a high payout ratio.....the trouble is it in Directors salaries. No wonder they are not accumulating assets and growing. It is all going out of the door to the Board. Total remuneration for the last few years: 2016 was £689,000 2015 was £665,000 2014 was £820,000 ( three Directors got over £200,000) 2013 was £566,000 That is over half the market cap paid out in four years. Or last year alone 13% of the market cap paid out !!!!!!!! This compares to the dividend cost of £185,000 last year and £171,000 the year before. So, Directors get almost FOUR times the payout to shareholders. Operating profit in the last four years has been pretty steady between £972,000 and £1.5m. That means the Board is getting between 50-70% of Operating Profit. Until the Board excess is challenged and changed, this will remain a gravy train for the Board. The share price is roughly the same level as it was 15 years ago. Why do the Board get paid up to £820,000 for that ???????
graham1ty
03/3/2018
07:51
amt I THINK you will find at last year end Net assets were well over 8 million so expected to be close to 10m now. That's double the market cap of 5m Furthermore they are real as the building will be 3m of that 10 figure. I certainly think there will be no chargeable debt by end of this year and from 5 m a couple of years ago. That saves 150/200k a year in interest and from this year there is 250k a month that we were paying for the building. That's 400k plus a year. Not sure what the plan is with all this cash as the dividend has only grown slowly in the last 5 years. Maybe a special dividend as the Directors hold a few shares. The biggest problem with TND is the lack of market in the shares. The day you buy you lose 10% so why bother? Now if the company agreed to pay out 1/3rd of its earnings the shares could be bought for income. 42k shares traded on the update and non yesterday. There is just not a market ( due to poor MM and lack of data from the company) Tiger
castleford tiger
03/3/2018
07:08
Another year like this one (assuming 1.5m profit) and should be debt free. Another couple of years and net assets should be in excess of current market cap so market is pricing the Company extraordinarily low.
amt
02/3/2018
18:23
Acquisition of freehold property In February 2013 we completed the acquisition of the freehold on our property in Castle Bromwich, Birmingham for cash consideration (before expenses) of GBP2,600,000. The Consideration was satisfied by means of a new 5 year term loan of GBP1,610,000 provided by the Company's bankers and the balance from existing cash resources. Following the acquisition, we expect to save approximately GBP300,000 per annum net of interest payments. HALF THE MARKET CAP......... finished paying in FEBRUARY 2018 Tiger
castleford tiger
02/3/2018
18:19
we got 1.30 from 1.25 at half time and 2.5 last year end so my guess is 2.7p final giving 4%. No market in the shares so I don't know how we get value there unless a bidder comes along. On fundamental's they are worth 250-300p as I expect 30p eps. Well asset backed -----the warehouse cost a few bob and that's paid for now. Tiger
castleford tiger
02/3/2018
18:12
MM want 10% profit on trades that's too much. Any forecasts on the Dividend for the year? Tiger
castleford tiger
01/3/2018
11:41
Depends what terms they leave on really. Till then barge pole required.
my retirement fund
01/3/2018
10:52
Whats the opposite of a profit warning. I think thats what we got today. Pity about Brexit which seems to be damaging confidence when the rest of the World is enjoying strong growth. However once everything is clearer in a few months perhaps consumer confidence will return.
amt
01/3/2018
08:47
I think at least 1.5 so 30p eps Savings were a million a year remember. May even make 2 million. Way too cheap but we all know that. Tiger
castleford tiger
01/3/2018
08:22
Looks like something around 3m of cash generated judging by the reduction in debt although cannot state that catagorically there has clearly been a lot of cash generated. Looks like current pe is less than 5 so hopefully plenty of upside. Its becoming a very lean and efficient business with a great range of products.
amt
01/3/2018
08:15
I think it's worth significantly more. They're almost always a little diffident about the outlook; who wouldn't be in this retail environment?
value hound
Chat Pages: 185  184  183  182  181  180  179  178  177  176  175  174  Older
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