Tandem Group Share Price (TND)

Https://www.cyclingweekly.com/news/major-uk-cycling-business-saddleback-reportedly-enters-administration

Very competitive business. Host of small independents going bust.

I do wonder if Tandem will aquire this type of business.

Frasers another potential candidate. They have track record of acquiring bike businesses.

One way or another, this gets acquired. More a question of when - rather than if.

Interestingly Halfords putting out decent numbers lately and their share price doing very well this year. Their trading update last month saw strongest growth in their cycling dept. With Tandem supplying them, should bode well here.

Frankly Halfords should just this. Amazed we haven't had M&A interest here, or at least that's been publicly declared. Perhaps that'll come at some point. In meantime the biz seems to be ticking over well. Demand for electric bikes only going one way. Offering here fits in well with broader surge in demand for health and fitness products. AGM update next month set to tell us more.

Agree very decent results. It gives a real sense of the value that the company's freehold properties alone worth way in excess of market cap. 100% fully owned and mortgage free.

Everything else moved in right direction. Management proving nimble at moving to growth product lines. Revenue way up, with profit to go with it. Cash up. Liabilities slashed. Bullish outlook. Even have that reinstatement of dividend as a tangible signal the business is now firing on all cylinders.

Net assets £26m [ including £16m of prime property].

Market cap £9.5m.

Just returned to profitability.

Looks a safe haven in difficult times.