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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
  +0.00p +0.00% 190.00p 180.00p 200.00p 190.00p 190.00p 190.00p 1,674 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 32.5 1.9 32.3 5.9 9.00

Tandem Share Discussion Threads

Showing 4526 to 4546 of 4625 messages
Chat Pages: 185  184  183  182  181  180  179  178  177  176  175  174  Older
DateSubjectAuthorDiscuss
07/6/2019
12:26
The data I have collected is across a ten year period not just in the past year and covers acquisitions, remuneration, profits, eps and dividends. It is not a pretty picture for shareholders and if we do not act now then the directors will continue in the same way for years into the future....Look at the options they have just granted to themselves....another 5% of the company. We do not have any institutional holders beyond Jupiter and I doubt that the directors spend more than four hours in a whole year speaking to shareholders. They do not take my calls and I am probably the eighth largest shareholders in the company ! Ironically half of the main holders are on the board so not exactly much shareholder distraction going on, is there? If they do not want to do presentations or provide any broker research/information on the company with no forecasts why bother being listed? What are we gaining by paying out around £100k every year on keeping an AIM listing and having directors who do not want the attention of shareholders or the market presence?
davidosh
07/6/2019
04:28
One of the reasons for the undervaluation is that over the years eps has tended to fluctuate and turnover has been impacted by a decline in the bike business. However in the last couple of years there are some very encouraging signs that the toy business is doing very well and the bike business is stabilising. If we get a decent set of results this year then the share price should be due for a major recalibration. Once the market cap gets to a higher level then it would get on to the radar of the bigger fund managers. It seems to me that the management of the company have been very proactive in running this business both through acquisitions in the past and continually driving the business forward with tight cost control and improving margins. Some companies put a lot of resource into attempting to drive their share price forward through presentations and close contact with investors and potential investors. This all takes time and takes resources away from running the business. When all said and done its the financial results and longer term trends that will drive the share price. I think we have to be careful not to divert management time away from running the business. It seems odd to me that people are complaining now just when things are looking promising. The share price up over 80% since the start of the year. We also have to remember that the UK consumer market is very tough at the moment and the falling pound due to Brexit is making it even more difficult. I think they need to build a war chest in case of disruption from a no deal Brexit or indeed a continuing paralysis in Brexit in general. The political situation is worrying and the prospect of a Corbyn government frightening in what it could do to the pound. Its certainly not the time to be paying large dividends. The yield is respectable as is the dividend growth. Now is the time for patience and to let the results do the talking. Always best over the longer term to let the management concentrate on running the business and let the share price take care of itself.
amt
07/6/2019
03:22
Just a reminder from my earlier post... NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of TANDEM GROUP plc will be held at 35 Tameside Drive, Castle Bromwich, B35 7AG on 27 June 2019 at 11:00 a.m. I requested a presentation at the Agm as there should be at least eight of us there and it is nearly ten years since they did any form of presentation. However the FD point blank refused to provide any presentation either at the Agm or any other meeting to engage with investors. He also added.... If you are a valid shareholder then you are welcome to attend the AGM on 27 June and in accordance with usual practice there will be ample opportunity at the end of the formal business of the meeting to ask any questions. If there are others who you know are planning to come along then they will also need to provide valid evidence of shareholder status to make them eligible to attend the meeting in accordance with the notice of Annual General Meeting dated 10 April 2019.
davidosh
06/6/2019
22:02
Agm should be interesting Tiger
castleford tiger
06/6/2019
21:53
davidosh, Tandem is completely uninvestable for me, the snouts in the trough from the fat cat directors mean that the economics of the business are skewed far too heavily in favour of the board and away from shareholders. Theoretically a business with Tandem's assets should be valued much higher by the market but it's sadly a value trap. You can see that just by looking at how much cash is diverted into the pockets of the directors and what a pityfully tiny dividend goes to shareholders. 18BT's suggestion to vote out the directors sounds great. Get rid of the Chairman and the non execs, halve the packages of the remainder, link bonuses to the level of dividends paid to shareholders, get a shareholder nominated NED on the board. All of that and some genuine focus on value creation from the CEO and there would be a sensible business to invest in! JakNife
jaknife
06/6/2019
18:46
I think that is a good summary davidosh. I have known Tandem for more than a decade, and been invested over most of that time..though more materially in the last year. My impression of the Directors is that they treat shareholders as an irritation...rather than respecting that they own the business. In terms of lack of shareholder engagement, they are in a league of their own, in comparison to any share I have ever owned. They have no interest in engaging with them whatsoever. They have pursued a "buy and build" strategy, and as you say an acquisition spend in your table of c£13m (or nearer £25m if you go back 24 years) has resulted in NTAV of £6.5m, and the market's judgement is that business is worth less than £10m. Value destruction. The repayment profile of their senior loan require a final "Bullet" payment of £1.2m next year. I had a scintilla of sympathy with the modest dividend policy to date...as they clearly need to be comfortable that net cash at its weakest point in the cycle can afford that bullet payment, meet Pension Fund obligations etc. However, with the improved trading and increasingly strong balance sheet..I believe they should be paying at least half of EPS as dividend. I believe they could deliver 50-60p EPS this year if the improved trading from H2 2018 continues through 2019. If they paid a dividend of 25p - 30p...then I am sure the share price would be closer to £4 than the £2 it sits at today.
simso
06/6/2019
18:19
David - the Board salaries are listed in AR Note 5. And I've found the AGM date in the accounts - unfortunately the day of my son's graduation (hopefully), but I can still vote.
18bt
06/6/2019
18:13
Staggeringly the AGM date doesn't seem to appear on the corporate website. When is it? The website does say: The Company applies the QCA Corporate Governance Code, please click here for the Chairman’s Corporate Governance Statement, and the Company’s Statement of QCA Principles. That statement then goes on to claim that the 3 NEDs are independent. That is clearly not the case: Keene - Chairman - appointed June 2010, so has done 9 years as Chairman, but was an exectuvie director since 1993, which under the UK Code rules, requires justification Morris - NED - appointed March 2010, so has done more than 9 years Bestwick - appointed April 2010 so has done more than 9 years I will be voting my small number of shares against the re-election of all of them. Perhaps Jupiter are the key to this with 10%.
18bt
06/6/2019
14:49
I have been a shareholder since 2004 and the current management have been there all the time I have been a shareholder....additionally the chairman has been involved in all these purchase deals done over the last twenty years... 1999 Pot Black £900,000 1999 Two wheel trading £900,000 2001 Dawes £500,000 2002 Ben Sayers £1.1m 2003 MV Sports £4.3m 2013 bought freehold £2.6m 2014 ProRider £2.5m 2015 ESC £2.1m Total acquisitions.....£14.9m Net Tangible assets are now less than half of that and it includes a freehold property. The value added by this management team is clearly viewed by the market as negative with the market cap still only £10m even after the recent rise. Where has all the value creation and any profits gone ? Total Board remuneration over last ten years has been nearly £7m and if you include options granted is nearly £1m per year. In the AR. the individual directors salaries are not listed but total board costs in 2017 were £1062 and in 2018 a bit lower at £960k. The average net profit for the whole company over the last five years has been £1.35m per year. There will not be many boards who then award themselves nice option packages on top of such generous remuneration. The non executives have been in place for ten years and are the remuneration committee and must feel this is appropriate. Along with many shareholders I disagree and will be at the Agm to put forward my case. I urge all shareholders to attend the Agm this year and put your case to the board as well. We have seen an increase in the share price but that does not mean it is the wrong time to consider change and I feel two new non executive board members are needed in accordance with good corporate governance and QCA guidelines. I also feel further acquisitions should not be considered due to the awful track record of growing the business.....Revenues are actually flat over the last five years despite two acquisitions costing nearly five million pounds in that time. Where is the proof that shareholder funds are being spent well? Finally I think that the dividend cover does not need to be more than twice and the dividend should be incresed to at least 15p to give shareholders an appropriate return on their investment. Any of you happy to add your thoughts ?
davidosh
04/6/2019
11:24
My first job was on tameside drive. True story.
deanowls
04/6/2019
11:07
Can anyone give me a reason why the dividend should not be at least 15p based on current earnings and outlook? I prefer the directors look at shareholder returns as they have shareholdings too. The comparison history of shareholder returns versus BoD remuneration versus market cap is almost the worst on AIM and there is no need for it. Total board remuneration not including share option awards has been nearly £7 million over the last ten years whilst the average market cap of the company has been only six million during the same period so it is obvious where the earnings are going and the rest of the earnings have gone into acquisitions that have cost more than the current market cap so not benefitting shareholders either. We need a board that pays itself less Pays higher dividends to shareholders Stops making acquisitions and delivers for all stakeholders.
davidosh
04/6/2019
10:36
Financial/sports bookmaker:- https://www.spreadex.com/
cwa1
04/6/2019
07:26
wHO IS SPREADEX?
castleford tiger
03/6/2019
15:18
NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of TANDEM GROUP plc will be held at 35 Tameside Drive, Castle Bromwich, B35 7AG on 27 June 2019 at 11:00 a.m. I am going to request a presentation at the Agm as there should be at least eight of us there and it is nearly ten years since they did any form of presentation. If they put an RNS out to announce the Agm and a presentation with Q&A then there would be far more taking an interest in the company
davidosh
03/6/2019
10:41
I see that options have been issued....The Options have an exercise price of 190 pence per ordinary share, being the closing mid-market price per ordinary share on 23 May 2019. The Options are exercisable between 1 January 2022 and 24 May 2029, after which the Options will lapse. The exercise of the Options is conditional on certain performance criteria. It would be good to know what these performance criteria are ?
davidosh
03/6/2019
00:28
I am hoping to be there and I think a couple of others are going too.
davidosh
31/5/2019
09:00
anyone going to the AGM?
castleford tiger
22/4/2019
18:14
I think they also need a lot more focus, I just checked out carp-zone, last review “...Awesome service” Carp Fishing Barrow, By Barry, (27/10/2015). Many of the ancillary sites cited in the Annual Report are, to be honest, pathetic, with no recent updates c 2014 / 2015 I would not take a lot to have a central site and conformity on presentations, white labelling brands. It Does look like they are focusing now, Pulse, Squish etc which is the right thing
hatfullofsky
22/4/2019
13:22
Tiger - Continuing from the DTG thread. I think it's very hard to extrapolate a future EPS number based on the information we have presently. EPS has not been over 40p for the last 5 years and although stronger and stabilised over the last 2 financial years (small fall in FY18) I think 40 - 50 is ambitious. Can they repeat the success of LOL Surprise ? Can they accommodate the pricing pressures of the major retailers ? Can they keep growing Squish ? Can they keep growing the DTC Channel ? I would be happy with a trend toward 40p at the interims then we could look to 50p I definitely see recovery in the share price (once through 200) but a full revaluation will occur when the EPS numbers start rising sustainably.
hatfullofsky
17/4/2019
08:54
Nice weather over Easter holiday won't do any harm.
amt
15/4/2019
22:16
Well it moved back to 200 mid
castleford tiger
Chat Pages: 185  184  183  182  181  180  179  178  177  176  175  174  Older
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