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Trading update Group revenue for the 37 week period to 14 September 2012 was approximately £22.0 million compared to £23.4 million in the comparative period last year. Revenue in the bicycles and accessories businesses to 14 September 2012 was approximately £13.0 million against £14.6 million in the same period last year. In the sports, leisure and toys businesses revenue for the 37 weeks to 14 September 2012 was approximately £9.0 million compared to £8.8 million last year.
CHAIRMAN'S STATEMENT Introduction I am pleased to present the unaudited financial statements for the 6 months ended 30 June 2012. Following the change in the accounting reference date, a comparative proforma statement to 30 June 2011 has also been prepared. We continued to face a number of challenges during the period, most notably the exceptionally poor weather and a difficult economic and retail environment. As a result turnover reduced but, with sustained margin and cost control, profit before tax increased compared to the same period last year. Results Revenue for the 6 month period to 30 June 2012 was £14,372,000 compared to £15,785,000 in the same period last year. Operating expenses were reduced by 5.4% to £4,033,000 (2011 - £4,262,000). Operating profit was £267,000 compared to £253,000 in the comparative period, an increase of 5.5%. Profit before taxation increased to £193,000 compared to £137,000 in the prior period, partly attributable to a larger pension scheme finance charge last year.
http://www.investegate.co.uk/Article.aspx?id=201209210700097945M
http://www.investegate.co.uk/Article.aspx?id=201204160700223544B
Today I had a similar phone call with a potential offer of between £3 and £10 for each share. I haven't been asked for money though and have only given out a hotmail account email. Anyone else been contacted? What exactly is the scam? Thanks
I sold my Tandem shares in 2006. I received a phone call yesterday from someone speaking very poor English, he knew exactly how many shares I had in the company , he told me someone was trying to take over Tandem and needed to buy 51per cent of the company, they would be prepared to give me £12 a share if I sold to them. Later in the conversation he said I would have to buy a small insurance bond before they would pay out. He emailed me a form to sign before he could check my shares were still registared. The company he was representing was Hannover Consultants address New York. Has anyone else received such a call, be careful this is a scam
cycle market is experiencing tough competition at present whilst halfords have good premises and keenly priced product backed up by mainstream advertising they do lack quality bike staff - this will not stop them taking business away from the IBDs ie tandem group lack of cyclesheme purchases not helping the situation P&A market already flooded
Looks like a red day here today
Outlook We reported last year that September and October 2010 were challenging months. The same period this year has been no exception. Accordingly, we have a cautious outlook for the short to medium term future. We continue to focus on our flagship brands of Claud Butler and Dawes. We are also encouraged by the reaction to the launch of our BMX Scorpion and Dirty ranges and our 2011 range of traditional pavement cycles. The Claud Butler parts and accessories offering has been extended for the second half of 2011 and into 2012 with additional resources deployed to support the anticipated growth. The Dawes parts and accessories range and a new high specification carbon fibre range were successfully launched at the NEC Cycle Show at the end of September. We expect these to make a positive contribution in the future. We have signed a number of strong licences for 2012 and beyond which include The Avengers, Generator Rex, Power Rangers and ThunderCats. For younger children we are delighted to have secured the licences for Mike The Knight, Little Charley Bear, The Octonauts, Raa Raa The Noisy Lion and Rastamouse. Amongst our licences there is the potential for growth when the economy improves. We also plan to launch a competitive range of generic products at key price points to satisfy consumer demand for value as household budgets are constricted. We remain encouraged by the interest in our licensed range of wheeled products for the 2012 London Olympic and Paralympic games for which we expect sales to peak between Easter 2012 and the start of the games. Despite these positives we anticipate that the profit for the year to 31 January 2012 will be behind the comparative in 2011 although we continue our efforts to maintain an acceptable level of profitability.
Results Revenue for the 6 month period to 31 July 2011 was £16,665,000 compared to £19,062,000 in the same period last year. More favourable currency rates and shipping costs helped to improve gross margin in the bicycles and accessories division. However, a large percentage of turnover in the sports, leisure and toys business is conducted in US dollars and sold on an FOB basis which hasn't allowed this segment to benefit in the same way. Operating costs were contained to an increase of 1.6% reflecting the Group's attention to cost control. Profit before tax was £553,000 (2010 - £648,000). Net assets increased to £7,835,000 (2010 - £7,707,000) despite a reduction in cash following the share buyback referred to above.
http://www.investegate.co.uk/Article.aspx?id=201110190700134040Q
Outlook Cycle demand is under great pressure as our competitors continue aggressive pricing policies in an attempt to maintain market share. We have been very conscious of this changing market and accordingly, working in conjunction with our product development teams and our suppliers, have introduced a number of quality products at competitive price points to counter this threat. In accordance with our previously reported parts and accessories strategy, September will see the launch of a Dawes branded range of parts and accessories which will be showcased at the NEC Cycle Show in Birmingham, together with a number of new cycle ranges. National retailer buying plans continue to be a concern as we enter the second half of the year. There are currently no indicators that this position will improve, although listings for Spring/Summer 2012 have been maintained and are broadly similar to 2011. We remain positive that the licences secured for 2012 and beyond give the greatest potential for success should the retail environment improve. We currently expect that profit before tax for the full year to 31 January 2012 will be behind the prior year but continue with our efforts to maintain an acceptable level of profitability.
http://www.investegate.co.uk/Article.aspx?id=201109090700069180N
Following challenging market conditions, revenues fell 12.5% to 16.7 million in the six months ended 31st July 2011 at Tandem Group (TND). Despite an improvement in gross margins, gifted by favourable currency rates and lower shipping costs, the designer and distributor of sports equipment expects to report a lower half year profit that in the same period in 2010. Tandem plans to increase focus on its flagship brands, Butler and Dawes, in a bid to offer high quality products to its independent and national retail customers. Tandem's shares stayed flat at 98p.
has anybody else been conned by phone calls from the USA about a likely take over of Tandem group,its cost me thousands.Ive been mugged.
Tandem revenue slips as profits rise Date: Tuesday 03 May 2011 LONDON (ShareCast) - Sports and leisure equipment firm Tandem said revenue for the year ended 31 January fell 3% while pre-tax profit increased. The group incurred a number of cost pressures such as increases in freight and raw materials prices as well as shipping line disruptions and Far East labour shortages. Revenue for the year reduced to £34.6m from £35.7m the previous year. Pre-tax profit for the period increased to £1.1m from £1m last year. For the six months to 31 January 2011 turnover from a bicycle promotional contract with a national retailer was over £2m lower than last year, Tandem explained. As a result, revenue for the year declined. "The inclement weather and weak consumer demand also had an adverse effect on trading with many of our customers reporting lower footfall and higher stock holdings than usual," the company said. Tandem added, "The impact of the current economic climate is uncertain. After a positive start to the calendar year in January and February 2011, revenue in March and April has fallen behind the previous year." "National retailers have delayed and in some cases cancelled orders in an attempt to reduce their stock holdings in line with declining retail footfall and weak consumer demand demonstrating how important new products and brand development is to the business," it added. Tandem is offering a final dividend of 2p giving a total dividend of 3p for the year compared to no dividend the previous year.
http://www.investegate.co.uk/Article.aspx?id=201105030700287462F
http://www.investegate.co.uk/Article.aspx?id=201102091356079564A
SNOW BUISNESS IS GOOD BUISNESS, THE WEATHER WILL BE BLAMED FOR SHORT FALL IN TARGETS?
is share price 149 or 139p
i have these tandem shares for a long time i got them 2003 only got 88 how much are they worth Thank you.
Ihave some tandem are they £93.50 or are they 93.59 p
big boys will move in ,but still looks a good bet in the long run.
Any thoughts on year end figures for May. Half yearly report showed good performance 21% up in profits, director buying shares in November. From what I have seen everyone was spending on toys for their kids this year so Christmas takings should be very good for Tandem.
mean ;-)