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They’ve still turned a profit which is great but it looks as though the full year profit - eps is going to be significantly lower than last year.
BB, after the update mid week the eps for the year is showing 22.5pence…at 235p per share isn’t this a per of 10.5? Or are you talking about forecast eps?
Good move Marine.
The last six week turnaround was very pronounced.
No debt £5m profit most costs completely variable.
Worst case this year is £3-4m profit which puts it on a PE of circa of 3 or 4 with 4% divi
I'm sticking for another year with Tandem. We hired e-bikes for a day over Easter and it is clear that this is a game-changer, and also a lot of fun. I've seen in Belgium and France how e-bikes are being taken up en masse by the over-50s and as it says in today's statement, we are 5 years behind on that.
Good analysis there planetx.
I am also holding but wish I had followed the director last year and sold out.
Tandem looks in a decent position long term especially as it has good diversification across its portfolio.
Bicycle market is currently terrible and super tough to navigate.
Lead-times are very long still and manufacturers like tandem have had to place big orders to secure slots, this would have been 12 - 18 months ago.
These orders are only just filtering through but there is a tidal wave of orders to follow which is going to concertina in towards mid to end of this year, now couple this with the sudden drop in demand of the past three months, rising energy and petrol and general headwinds the bicycle industry is heading into a perfect storm.
The good news is of course Tandem is cash rich and can ride out the storm and maybe find opportunity out of adversity as leveraged rival brands fall over.
E-scooters are not going to save them, this market has collapsed. Zyro-Fisher one of the largest / best cycling distributors have just discontinued all their e-scooter ranges due to poor sales and concerns over liability issues. Selling scooters that are banned on the road that then cause injury or death by the user, well its not hard to see how the manufacturer / retailer get sucked into this.Tandem will catch a cold on e-scooters that is for sure.
Tanden is a good long term hold but is going to be in the eye of a storm this year and a lot this year is going to depend on how they can manage their order book and stock as it arrives into a brutal marketplace.
If they can manage that, sit back a touch, sit on cash and have the balls to make a positive out of a negative they could play a smart game .
I'm holding but think there could be further to fall even if the shares look stonking value.
Now we know why the director was selling.
Thirty one trades by 10am that's a weeks worth in two hours. Definitely something going on.
This has not moved.
Market cap £25m. Net assets 15m no debt £5m cash.
Sales £41m plus 10%
Profit expected to be significantly ahead of last year which was £4.1m. And ahead of market expectations.
Expecting £5m plus profit. P.E of five.
Also expect transformational news on electronic scooter usage in March. I also think highly complementary to HFDs.
I'm buying more
At £5.07 to buy this is at 52 week low and very attractive.
Been typing up H1 results very good Sales +14% profit +33% and cash £5.9m.
Q3 17% ahead of excellent 2020 comparative
Q4 to Nov flat on an excellent comparative.
Screaming buy based on this and links below which are detailed and valid (previous post).
Update normally early Feb on finals think this has £6.50 all over it and long term target for HFD
I have a really modest holding and think (1)this has £10 written all over it. (2) would not be surprised to see a HFD bid after strong results today.
On H/ L today spread amazingly is only 5p 618 to sell 623 to buy. It can be as high as 40p.
Considering buying more if my CNE comes good.
https://www.investorschronicle.co.uk/alpha/2021/10/11/a-bargain-play-on-the-e-scooter-craze/
I've been holding this for a while, very under the radar and surely will re-rate at some point towards £10/share
Todays buying seems to be triggered by this article:
https://pdfs.investorschronicle.co.uk/Simon_IC_Alpha_Report_111021_067143.pdf
Simon Thompson’s view:
It’s not often you get the opportunity to lock into a 14 per cent earnings yield when the
risk to earnings is to the upside. However, a leading UK sports, leisure and cycle product
provider offers exactly that. The group not only has orders for cycles stretching well into
the second half of next year, but offers potential to ramp up e-scooter sales if the UK
government approves their use on public roads. It looks a near racing certainty that they
will when trials complete next March. Trading on a PE ratio of seven and with the
directors recently declaring a 10 per cent half-year dividend hike, the investment risk is
skewed to the upside.
"THE TANDEM GROUP
Exchange: AIM
Appealing to investors with a dividend yield of 1.54% the Tandem Group has had a rocket lit under it during the pandemic and is expanding its warehousing in a bid to accommodate its product portfolio, which in the cycling world is best known to hold the Dawes, Squish and Claud Butler labels, among others.
Having bottomed on the early pandemic scare that impacted the markets as a whole, the share price rose from £1.15 to a peak of £6.75 in the space of a year thanks to a sell-out period for its bikes. While the distributor is now planning for a deeper stock in future and has set about adding 80,000 square foot in new space, for the time being it is cautious on near-term headwinds such as stock availability and rising costs.
Like many other listed businesses in cycling, Tandem is diversified in its structure, offering everything from licensed products, through garden furniture and Golf goods. Arguably late to the electric bike party, Tandem’s Q1 e-bike revenue was up 112% this year and there appears to be plenty of scope for that growth to continue."
https://cyclingindustry.news/cycling-stock-market-investing/
I have found some old Tandem shares dating from 2009. Can any one give me an idea of whether there have been consolidations/splits over that time period. It would be good to know if they are actually worth anything or not today. Thank you in advance.
No idea why but it is defintely not a good sign and you are right to be cautious.
They are down 20p today.
Righturn, see that Stephen Grant has been a regular seller in the past couple of months. Any idea why? Divorce, needs the dosh, knows results aren't very good?
Am impressed that Tiger likes these and would like to buy in but my middle name is 'cautious'.
That is good news but Stephen Grant selling 15,000 last week must be a cause for concern.
That sounds very good but Stephen Grant selling 15,000 last week must be of some concern.
Interesting update from Simply Wall Street today. They are careful to say that they never give out direct tips but they are strongly hinting at one here with this title. On their Valuation page it suggests that a fair price based on their Discounted Cash Flow model would be £8.65.
Tandem Group (LON:TND) Might Have The Makings Of A Multi-Bagger
"If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, Tandem Group (LON:TND) looks quite promising in regards to its trends of return on capital."
https://simplywall.st/stocks/gb/consumer-durables/aim-tnd/tandem-group-shares/news/tandem-group-lontnd-might-have-the-makings-of-a-multi-bagger
Last year TND made 68p.
The company has loads of cash/6m plus.
the shares at 621p to buy are 9x last years numbers.
Early this year sales were up 90%.
I am going for a 50% increase in first half to 33p eps. The full year well who knows.
The shares have £10 all over them and are getting ready for the next leg up.
DYOR as i own the stock
tiger
Look back for an RNS about the acquisition or ask management themselves.
They will definitely be worth something as Tandem is doing well.
You’ll find your holding was reduced dramatically, I can’t remember the ratio on tnd shares against mv sport shares
Hi, I have quite a few shares in MV Sports Group purchased in 2000. I’m trying to find out what they are worth now, assuming they are still valid after Tandem acquisition in 2003. 240 000 MVS shares in total. TIA
great company, future is bright