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Pin to quick picksTandem Group Share News (TND)

Share Price Information for Tandem Group (TND)

London Stock Exchange
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Share Price: 175.00
Bid: 170.00
Ask: 180.00
Change: 0.00 (0.00%)
Spread: 10.00 (5.882%)
Open: 175.00
High: 175.00
Low: 175.00
Prev. Close: 175.00
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AIM WINNERS & LOSERS: Tandem rises on strong results, positive outlook

Thu, 25th Mar 2021 11:28

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Tandem Group, up 14% at 653.60 pence, 12-month range 113.26p-669p. The sports equipment distributor says 2020 pretax profit was GBP4.0 million, up 60% from GBP2.5 million in 2019 on revenue of GBP37.1 million, down 4.6% from GBP38.8 million in 2019. Declares final dividend of 5.50p per share, up from 5.04p in 2019. Looking ahead, says it has made an encouraging start to 2021 and is optimistic about the outlook.

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Oncimmune Holdings, up 8.3% at 185.78p, 12-month range 43.25p-222p. The immunodiagnostics company will raise GBP9.0 million from a placing of 5.0 million shares at 180p. Oncimmune conducting the fund raise to invest in ImmunoINSIGHTS business. Placing price represents a premium of 5.0% to closing price of 171.5p on Wednesday.

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AIM - LOSERS

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Genedrive, down 27% at 84.75p, 12-month range 11.07p-302.60p. The molecular diagnostics firm swings to a first half pretax profit of GBP621,000 from a GBP3.3 million loss a year before on revenue of GBP355,000, down from GBP627,000. Says it continues to experience delays in gaining the key regulatory approvals from the US FDA, WHO and in India. Company is focusing on larger commercial opportunities in the Covid-19 space and expects progression from strategy in the coming months.

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Starcom, down 16% at 0.80p, 12-month range 0.72p-1.34p. The remote tracking systems firm posts 2020 operating loss of USD1.8 million, widened from USD706,000 loss in 2019 on revenue down to USD5.0 million from USD6.8 million in 2019.

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SpaceandPeople, down 14% at 8.65p, 12-month range 3.7p-19.6p. The promotional and brand experience specialist says trading during the second half of 2020 remained extremely challenging as further lockdowns in the UK and Germany affected the ability to operate. SpaceandPeople expects to swing to 2020 pretax loss of around GBP2.5 million from profit of GBP10,000 in 2019.

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Ebiquity, down 9.6% at 26.5p, 12-month range 17.1p-33p. The marketing and media consultancy says annual results reflect effects of Covid-19 pandemic on global advertising and client budgets. Ebiquity says 2020 pretax loss narrows to GBP3.9 million from GBP5.7 million in 2019 on revenue GBP55.9 million, down from GBP68.1 million. Ebiquity not proposing dividend for 2020 due to Covid-19 uncertainty.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 May 2022 18:07

IN BRIEF: Tandem appoints former Pure Electric head Kimberley as CEO

Tandem Group PLC - Solihull, England-based sports product distributor - Appoints Peter Kimberley as chief executive officer with immediate effect, replacing Jim Shears after two years in the role.

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27 Apr 2022 12:11

IN BRIEF: Tandem shares dive as CEO Jim Shears to resign in May

Tandem Group PLC - Solihull, England-based sports product distributor - Shares slump as company announces that its Chief Executive Officer Jim Shears will leave on May 6. Shears joined company as group financial controller in 2002. He became finance director in June 2010 and chief executive officer in August 2020.

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28 Mar 2022 10:58

IN BRIEF: Tandem falls as current trading drops behind previous year

Tandem Group PLC - Solihull, England-based sports product distributor - Increases pretax profit by 18% in 2021 to GBP4.7 million from GBP4.0 million. Revenue rises 10% to GBP40.9 million from GBP37.1 million. Company says that the year was affected by stock availability for bicycles. As a result, the division finished 12% behind the previous year. Adds that licensed characters bicycles were 30% behind the prior year due to supply chain issues. Proposes a final dividend of 6.57 pence, up 19% from 5.50p year-on-year.

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31 Jan 2022 22:07

TRADING UPDATES: MJ Hudson and Tandem see results ahead of views

TRADING UPDATES: MJ Hudson and Tandem see results ahead of views

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8 Dec 2021 14:54

TRADING UPDATES: Tandem's sales pick up; Duke enters record deal

TRADING UPDATES: Tandem's sales pick up; Duke enters record deal

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EXECUTIVE CHANGES: Woodbois hires former Compass executive as CEO

EXECUTIVE CHANGES: Woodbois hires former Compass executive as CEO

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14 Sep 2021 14:44

TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

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TRADING UPDATES: Vitec and Allergy Therapeutics lift full-year outlook

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17 Jun 2021 16:01

UK shareholder meetings calendar - next 7 days

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11 Jun 2021 16:16

Director dealings: Tandem chairman offloads 15,000 shares

(Sharecast News) - Tandem Group revealed on Friday that chairman Stephen Grant had disposed of 15,000 ordinary shares in the AIM-listed sports and leisure products retailer.

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11 Jun 2021 13:43

IN BRIEF: Tandem Group chair sells GBP90,000 in shares

IN BRIEF: Tandem Group chair sells GBP90,000 in shares

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2 Jun 2021 13:58

Electric bike boom gives trading at Tandem Group some juice

Electric bike boom gives trading at Tandem Group some juice

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2 Jun 2021 08:14

Tandem YTD revenues up almost a quarter despite strong comparatives

(Sharecast News) - Sports and leisure products retailer Tandem Group said on Wednesday that trading had "remained robust" since February albeit against a much stronger prior year comparative, with group-wide revenues up 24% year-on-year.

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25 Mar 2021 14:49

TRADING UPDATES: Safestyle in strong start to 2021; Tandem ups payout

TRADING UPDATES: Safestyle in strong start to 2021; Tandem ups payout

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