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 Shares Traded Last Trade
  +0.00p +0.00% 190.00p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
180.00p 200.00p 190.00p 190.00p 190.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 32.51 1.87 32.30 5.9 8.9

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Date Time Title Posts
01/5/201900:06Tandem Thread with Charts3,501
01/2/201218:28Tandem.....good times ahead !534
24/8/200517:46Tandem Group303
29/10/200413:18Tandem - is it time? Ј1.50 for MV Share holders to break even!137

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Tandem Daily Update: Tandem Group Plc is listed in the Leisure Goods sector of the London Stock Exchange with ticker TND. The last closing price for Tandem was 190p.
Tandem Group Plc has a 4 week average price of 185p and a 12 week average price of 115p.
The 1 year high share price is 205p while the 1 year low share price is currently 105p.
There are currently 4,699,754 shares in issue and the average daily traded volume is 5,168 shares. The market capitalisation of Tandem Group Plc is £8,929,532.60.
amt: I am inclined to the view that this is a longterm investment and favour a consistent dividend policy. This makes it easier to produce forecasts and helps with the investment case. Also the recession word has been mentioned a few times by economists even without Brexit since the economic cycle is getting long in the tooth. Good to have a war chest in such situations. Having plenty of cash also makes it easier for management to concentrate on growing the business. I think the share price will take care of itself once it becomes obvious its such a bargain. It just needs a year of strong growth (which could be this year) to light the touch paper and 4 or 5 quid wouldn't surprise me.
amt: Great results given the difficult economic environment as expected. Second half was fantastic. Optimistic outlook. Surely a massive re-rating is due. Pe of 10 on these results would be a share price of over 3 quid for example. Well done to the management and team at Tandem who have played the long game rather than quick fixes and built a great solid diverse business over many years. I think there are going to be some happy shareholders.
amt: I think the dividend policy is fine. I think they need to build a very healthy cash balance given the working capital demands and allow for the potential of the odd bad period. Especially with the potential for a disorganised Brexit which could hammer consumer confidence for a while. Consistent profits and growth in profitability plus a strengthening balance sheet will eventually pull the share price higher. A large cash balance would eliminate risk which will also help.
graham1ty: Well, the Tandem roller coaster continues. An AGM statement in June that was positive and took the shares up to 160p. Then three months later, it turns out revenue was down 29% in 1H and TND lurches into a loss. The shares crash down to 100p again. But now, revenue is back up 6%, leaving revenue down just 12% for the year ( is that good btw ?) yet cost cutting means profit is almost unchanged on last year. Cue the share price racing back up to 160p. Now 1Q has started very strongly. What could possibly go wrong ?
davidosh: The share price has done nothing for the past seven years and the only ones who seem to benefit are the directors who are drawing very significant salaries compared to the market cap and similar companies. Would it not be better for shareholders to seek a buyer just like Evans Cycles are doing ?
davidosh: If sales can drop 30% due to snow and bad weather affecting outdoor leisure then there is also the reverse affect when from April through to September it looks like we are going to have the best UK weather for many years. I am keen to see the company provide more information and in a timely fashion and to help investors by providing company presentations. The company currently do zero investor relations work and the dividend is negligible compared to earnings and certainly compared to executive remuneration. This was the current trading outlook at the end of March in a generally positive update ahead of the results..... Nevertheless, we have some concerns about the levels of stock some of our national retailer customers are carrying forward from the prior year in both toys and outdoor product categories and we expect this to have a negative impact on performance of the Group in the first quarter of the year. Consequently, revenue to date and our forward order book are currently behind the previous year. Behind the previous year ?? How much and why not be clearer with figures to help investors....At that stage surely they knew it was 30% whilst the share price went from £1 to £1.60 on the back of investors and shareholders feeling positive and with a very low p/e rating. Those investors will have lost trust and so the rating will stay low for a reason. Expectations are handled badly there are no broker notes or forecasts but directors take all the rewards !! I could not attend the Agm but did they mention the new internet strategy at the meeting yesterday or are they keeping shareholders in the dark on that too ?
amt: I bought at 65p according to my records. Might be mistaken. Anyway even at 1 quid its now 30% higher plus dividends better than many FTSE 100 countries where the index is barely above where it was in 1999. Its not a ZOO 1.000 % gain in a year admittedly (or a D4T4 shameless plug☺) but its a longterm investment in a very difficult sector. See what happened to Toysrus Anyway it looks like it is undervalued. 11m net assets and property alone over 3m vs market cap of 6.5m If a pe of ten were put on it the share price would be 3.50 so I think we can be happy with that.
graham1ty: 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: 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 ???????
jbfnfn: MrShaunGCM I'm not sure how relevant Eddy Merckx Cycles is to TND. I think the cheapest Eddy Merckx bike is about the same as the most expensive Claud Butler. What might help Eddy Merckx is a Belgian or French winner of the Tour this year. Never mind bikes the future could be mobility scooters. On my way to the off licence this weekend I ran into an elderly neighbour. She said she was taking the dog for a walk to get some exercise. She was riding a mobility scooter the dog was in basket mounted on the front of it. I have a few of TND I'm nearly back above water hoping the share price continues to rise.
Tandem share price data is direct from the London Stock Exchange
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