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% 170.00p 160.00p 180.00p 170.00p 170.00p 170.00p 1 07:33:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 32.5 1.9 32.3 5.3 8

Tandem Share Discussion Threads

Showing 4601 to 4625 of 4675 messages
Chat Pages: 187  186  185  184  183  182  181  180  179  178  177  176  Older
DateSubjectAuthorDiscuss
02/7/2019
07:33
simso. Not sure what your point you are making. Are you saying the pension regulator is wrong? I have just read a couple of articles by googling this issue and the articles confirm that such restrictions are in line with current practice. So I doubt its worth challenging the decision. Of course if the deficits were reduced then such restrictions would also be changed. However as I mentioned before now is the time to build a Brexit war chest.
amt
02/7/2019
05:57
My own sources both Directors and non ex listed company directors also find this questionable . If the P and L allows it can be done.( increasing the Divi ) I don’t think any of us wanted anything silly but 8/10p should be manageable. 10 p would equate to 500 k Maybe we need to write to clarify and the other question I would ask is how much of last years dividend cheques remains uncashed? This would help establish how many lost holders we have my guess is lose to 15% of the shares. Tiger
castleford tiger
02/7/2019
05:02
If there were a large dominating shareholder and I was a pensions trustee I would also be worried if cash was stepped out of the business particularly with brexit and the product being discretionary. Their role is to protect the fund.
deanowls
01/7/2019
18:47
Hi JackNife, I also attended the AGM last week, and can confirm that the Chairman did indeed say that the Pension Regulator would require that any Dividend had to be matched "One to One" by Pension Deficit Recovery Payments. I have been Finance Director of a business with a nasty pension deficit over a 10 year period between 2006 and 2016, and regularly dealt with Trustee and Regulator. I had never heard of the Pension Regulator imposing such a specific "one for one" restriction during that time. There is always the possibility of this being a "brand new ruling" whcih came in since 2016. However, I met the Directors of Norcross (NXR) recently for a presentation. They have a huge deficit which on the surface looks more onerous than TND's. The cashflow statement for Prelims to March 19 shows a Dividend Payment costing £6.4m and a Deficit Recovery payment of £2.6m. Perhaps TND have been advised differently somehow...but as you say Jaknife, its worth asking the Chairman again to confirm the point in writing. It was a point we discussed extensively in the AGM.
simso
01/7/2019
10:49
davidosh, "The chairman then pointed out that the board could not increase the dividend by much more than they do as they are limited by the pension regulator and the pension trustees who would want a matched payment towards the pension defecit." Are you sure that's what the Chairman said? I've never heard of the pension regulator imposing such a restriction. Can you get the Chairman to clarify that in writing? JakNife
jaknife
01/7/2019
09:49
It was a long Agm and the board engaged fully in answering all the questions. There were seven private investors that attended and all the board were present. The main thrust of the questions from the floor related to the dividend and why it could not be substantially higher. The largest shareholder felt that a four times covered dividend would be reasonable and allow investors a satisfactory return whilst being patient as the company delivers growth. The chairman then pointed out that the board could not increase the dividend by much more than they do as they are limited by the pension regulator and the pension trustees who would want a matched payment towards the pension defecit. This was followed by a long debate and there was discussion about buybacks and other ways to distribute to shareholders and also tidy up the share register as we have 3480 shareholders. Rather strange that so few of the 3480 take an interest in the company and maybe by offering the results and Agm presentations that I have suggested to the company then some of these 'lost' shareholders will re engage with their investment. I thought the Agm update was very detailed and that is an excellent basis for Q&A which the seven of us had the benefit of. The chairman advised us that he is setting up a new initiative of a 'Shareholder/Investor relations committee' which will include just one shareholder and will as I understand it then report to the wider investor community. This idea seemed very strange to me and who would the one shareholder with all this added responsibility be? Furthermore will they be taken inside or just briefed more fully? I simply want more engagement with those who are keen to have it and on a regular basis. I also want a much higher dividend as only companies with a huge need to reinvest the cash or about to hit the buffers tend to want to pay out a tiny percentage of the profits each year. I think the low dividend puts investors off as they read into it that there is a negative outlook for the company. It also means as an income stock it does not really tick the box either as well below the average even though the earnings are there for all to see.
davidosh
28/6/2019
06:05
Brexit means we will need to be patient for 6 months or so. By the end of the year we will know the second half trading and have an idea of how Brexit is impacting consumer demand. If there is a miracle and some kind of Brexit deal is put together or possibly abandoned altogether there would be a big rise in the pound vs USD. Fortunately the USD is weak at the moment so some cushioning of the pounds fall is occurring. Of course Brexit could be a disaster but in those circumstances it's going to be difficult to avoid loosing money anyway. A satisfactory outcome and the pound could rise 15% vs USD very rapidly. That could work through to GM in 2020 and add over 1 million to Gross Profit in my opinion. Actually I forgot the other elephant in the room likely to impact the value of the pound. The outcome of the PM election. So Borris probably worse and Hunt better for pound vs USD.
amt
27/6/2019
19:21
Well a very long meeting that I will let others who are far more eloquent than me tell you about. No idea why MM moved it down as with close to a million profit first half we could get close to 3 by year end. Pe if under 4 says it all. I shall be buying again tomorrow. Hopefully we get more dividend once Brexit is sorted Tiger
castleford tiger
27/6/2019
13:56
A pound will be even better lol. Nothing will change here. Directors know how to keep shareholders firmly in a box here
my retirement fund
27/6/2019
10:31
Looks like a good entry point with 40 p plus EPS Tiger
castleford tiger
27/6/2019
10:13
FWIW, I used to have a sizeable holding here but, for one reason or another, reduced it quite significantly over time. However, I've just taken a few back in the hope that the pullback is "overcooked". The statement was obviously a bit curate's egg stuff-however there was a bit to like in it and some cautiously optimistic tone too. Fingers tightly crossed and all that jazz.
cwa1
27/6/2019
09:37
The stockmarket is always crazy,I think thats why i like it.
balcony
27/6/2019
09:28
The market is crazy right now and will remain so until August
hatfullofsky
27/6/2019
09:06
So turnover approaching 16m for H1. So net profit perhaps over 1m? If they can have as good a H2 as last year then perhaps 36m for year and 3m net profit within reach. However as mentioned many uncertainties including Brexit by the way. Clearly now is the time to be very prudent until we know which way the economy is going and particularly the pound vs USD. "In light of the ongoing Brexit debacle, we are cautious with regard to future consumer spending which is discretionary for the type of products that we supply."
amt
27/6/2019
07:11
Nice update, should put a floor in the share price Warning on USD - a stronger US dollar is likely to impact on the profitability of the Group. 1.27 now which is near it's 5Y lows
hatfullofsky
25/6/2019
12:18
Balcony yes I got them but the prices made no sense. 48055 at 1.92 25000 at 1.99 reported at 17.15 price was 180/195 So clearly buys but from where? trades last week 21st 5k 20th 0k 19th 0k 18th 2k 17th 2k Pretty sure its Mr Bragg. Tiger
castleford tiger
25/6/2019
07:48
48000 plus 25000.
balcony
24/6/2019
22:51
What were the large trades ? I could only see 2000 traded.
davidosh
24/6/2019
22:45
Wait for it! Another 1.25% to mr Bragg Tiger
castleford tiger
24/6/2019
19:47
Couple of large trades now reported.
balcony
24/6/2019
15:52
No A fair few of those 1000 are probably lost as they came from MV sports days. A fair few shares will be lost as well. Was the drop on Friday the MM playing games as I cannot see enough been sold to drive it down 10% Tiger
castleford tiger
24/6/2019
11:11
I am just checking...as Tandem have over 1000 shareholders has anyone ever received any communication or seen anything promoted via website etc showing that investors are entitled to any shareholder discounts on all our products?
davidosh
23/6/2019
19:30
Looks like TND have FX hedging in place already so (as long as they have the right derivative) we should be ok. There was a reduction in finance costs from £511,000 in 2017 to £157,000 in 2018 with a significant difference in the fair value adjustment in respect of foreign currency derivatives. This was a credit of £109,000 in the year ended 31 December 2018 compared to a charge of £172,000 in the prior year. This adjustment will vary year on year based on the foreign exchange contracts in place at the year end and their maturity date.
hatfullofsky
21/6/2019
19:37
Point taken hatfull but I was trying to establish how significant Brexit it is to Tandem. Regarding supply chain. Fx rate vs USD and consumer demand for example. Many other investments I have in export markets it is completely irrelevant. However I suspect there is potential for an impact here. I was also making the point that forecasting consumer demand and fx rates is impossible at the moment so prudence is necessary. These are politically dangerous times which could impact consumer sentiment. The markets that Tandem are in have an element of discretionary consumer spend. I still have to pinch myself with disbelief to think that Boris could be the next PM. Now is the time for companies to build up cash balances and prepare for difficult times ahead. Anyway that's me done. Made my point so that's it for a while. It will be interesting to see how things pan out over the next few months.
amt
21/6/2019
18:11
Nomad needs say something.
charo
Chat Pages: 187  186  185  184  183  182  181  180  179  178  177  176  Older
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