Tandem Share Discussion Threads

[my retirement fund] 08/5/2020 00:33

Lets just hope Tnd haven't been caught short of stock !

[amt] 07/5/2020 15:52

Halfords will probably do well with its car business given the circumstances.

[s34icknote] 07/5/2020 14:00

May be bt holders should buy in here for the dividend !Halfords were a good buy gone from 49p to 145pMay be not such a good buy now .Sicknote

[davidosh] 07/5/2020 11:20

If anyone wants to avoid that wide spread and wishes to sell more than a handful of shares then I will happily buy them at the mid price so long as there has been no small trade manipulation beforehand.

I have been a very long term holder so the spread does not affect you so much as not looking to trade out of them. Dividends and special dividends are now becoming meaningful which is to the benefit of the patient

[amt] 07/5/2020 11:19

Over ten years Tandem up 70% Halfords down 70%

Ft index about the same.

Halfords worth buying but I would be amazed if it trebles in value over next couple of years whereas I wouldn't be surprised if Tandem does.

[amt] 07/5/2020 11:16

OK let's compare share prices over say 5 years. Tandem about the same, Halfords down 70%,Ft index down 16%.

[indonews] 07/5/2020 10:52

Haha so why would anyone on here 'buy utterly pointless shares in a pointless company.

[indonews] 07/5/2020 10:49

If that's the case then buy halfords shares instead of this dross- tnd do not have the scale or volume to make any money out of this with Birminghams move to cycling.
Note previously Birmingham Council sourced bikes from Raleigh to give free to people in 'disadvantaged areas'

[s34icknote] 07/5/2020 08:38

About to pop !!!!Pe of 8 goes to 320 p!Sicknote

[amt] 06/5/2020 18:32

BBC news this evening. The mayor's of London and Birmingham going to make more space for cyclists. Nationwide a General push to encourage cycling to reduce carbon emissions.

[my retirement fund] 06/5/2020 15:30

145p to sell 167 to buy. A spread of 22p ! Or to put it another way, buy today and you won't even be in the money if the share price were to rise 15%. Just trying to think of a sensible word to sum that up !

[amt] 06/5/2020 14:59

Boris said he hoped for booming bike use at Prime ministers questions today. Rather than use public transport.

[s34icknote] 06/5/2020 11:50

Very undervalued Sit tight for the long game .Will pop one day!Sicknote

[amt] 06/5/2020 08:44

That's good news and fits in with all the other anecdotal evidence. It doesn't seem likely that people will be going abroad for their holidays this year so I suspect expenditure will be more directed at the home market. Of course consumers are going to be worse off in general due to the economic situation. However overall the markets which Tandem serves may hold their own this year. We have to remember that before the Pandemic struck Tandem was on its way up perhaps heading to 3 or 4 quid at least. With interest rates so low and many other companies struggling to pay a dividend Tandem looks cheap to me. DYOR though.

[simso] 06/5/2020 07:31

Halfords Trading Update this morning, and say with reference to the last 4 weeks:

" the period and reflected a strong performance in Cycling, as the public explored alternatives to public transport and looked for ways to stay healthy".

[castleford tiger] 30/4/2020 20:30

Wapper
Please share!
The big boys only want to supply multiples and you will of seen all the offers pulled.
We have hundreds of thousands going in advance to get stock.
Fevertree are the only company to extend by a month any terms ( not that it helps because you just go above your limit) so you still have to pay.
Tbf all our sales are retail ( ATM ) so we can afford quick turn around .

[wapper] 30/4/2020 17:06

Agree that CID is an option. But debt still needs to be collected before 90 days otherwise retention kicks in.So it only works with good payers. Credit insurance doesn't work well in Cycle Trade . Too expensive and excesses very high. Lot of smallish accounts. If under £5k a month it doesn't seem to work.The problem isn't the big companies but the smaller ones who overtrade in times like these. The independents will pay up to get more stock but they do play the field. When on stop with supplier A there's always suppliers B C D etc to turn to. If you look at the detailed Covid updates coming in daily from listed companies they all seem to be focussing on cash collection.
Tiger is right about beer wine spirit distributors : many now only selling P.F. and their suppliers doing same. A complete lockdown scares them as it's the perfect excuse to withhold payment.
Tiger I presume you are in Castleford ? Know a good source for drinks (of all kinds) not far from you.

[davidosh] 30/4/2020 14:22

There is invoice discounting and also credit insurance if dealing with a large customer like Halfords or one of the supermarket chains. The government are also putting pressure on bigger companies to pay quickly to keep the smaller suppliers in business.

If bikes are selling fast the independents will be able to pay up. It is in their interest to keep the supply lines moving.

[my retirement fund] 30/4/2020 13:19

So you've never heard of invoice discounting then ?

[castleford tiger] 30/4/2020 12:32

many suppliers and wholesalers are trading COD at the moment.
Shortages all over the place starting with beer...........

There is /are just not enough bottling/canning lines to cope.
You pay upfront at inflated prices and you hope you get stock.

Its a mad world out there at the moment.
My business is up 10 fold on retail/deliveries but 99.9% down on catering and on trade.

Some of the biggest shortages are
Fence paint!!
Compost
plants
beer and now wines
some imported foods.

Just for starters.
Tiger

[wapper] 30/4/2020 12:32

Yes they sell to retailers usually on 60-90 days credit.Sometimes 120. If sales are very good then credit lines fill up and Credit Team come under pressure from Sales Team to increase credit limits. Bad debt risk rises. If lockdown has to be stepped up as happened in Italy then nobody is open and debtors would not readily pay debts in my opinion as they would be in cash preservation mindset.

[arthur_lame_stocks] 30/4/2020 09:38

How does it increase bad debt risk? Surely you don't buy a bike on credit.

My mistake i'm thinking of them as a retailer rather than a wholesaler, they presumably will be selling on credit.

[wapper] 30/4/2020 07:55

Bike sales currently are booming but quite honestly irrelevant other than advancing cash flow on the upside and increasing potential bad debt risk on downside. With extremely long lead times for complete bicycles and and massive disruption in supply chain that is impacting the production of these bikes alongside huge increases in demand the world's producers cannot cope or hope to fulfil this false demand. The best that importers like Tandem can hope for is that they receive their pre-Covid orders on schedule .....they won't. Increasing orders is a very dangerous game too with such long lead times. Some components have 8 months lead times and bike manufacturers are only as good as their slowest supplier. Having a forecast-busting month's sales is all very well but all that happens is that stock is depleted and within a few weeks customers are being let down as demand cannot be serviced. If Tandem had huge stocks in Feb/March they would have cleaned up. They didn't otherwise we would have known about it.
Tandem's share price has been hobbled by it's Pension Fund issues and in reality your view of which way the shares move medium term depends on your view of stock markets /economy performance looking forwards. I think we could see a bloodbath before a slow recovery.
Lots of short term opportunities for traders and good luck to them all.
Just my opinion so please DYOR