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Pin to quick picksTandem Group Share News (TND)

Share Price Information for Tandem Group (TND)

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Share Price: 182.50
Bid: 175.00
Ask: 190.00
Change: 0.00 (0.00%)
Spread: 15.00 (8.571%)
Open: 182.50
High: 182.50
Low: 182.50
Prev. Close: 182.50
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TRADING UPDATES: Tandem says revenue to fall, in line with market view

Wed, 01st Feb 2023 14:33

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Gaming Realms PLC - London-based developer and licensor of mobile-focused gaming content - Expects to report 2022 revenue of GBP18.7 million, up 27% from GBP14.7 million a year ago. Expects adjusted earnings before interest, tax, depreciation of about GBP7.7 million, up 36% from GBP5.7 million. Executive Chair Michael Buckley says: "We are seeing good momentum, and backed by an exciting commercial pipeline and new games, we are confident that we will achieve further progress in 2023." Additionally, promotes Chief Financial Officer Mark Segal to Chief Executive Officer with immediate effect. Names Finance Director Geoff Green as CFO, also starting immediately.

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Tandem Group PLC - Solihull, England-based sports product distributor - Says revenue for 2022 is expected to reach GBP26.7 million, down 35% on the prior year, but in line with market expectations. For 2021, revenue was GBP40.9 million. Expects pretax profit to be in line with market expectations too. Says 2023 starts slowly amid early Chinese New Year and as "consumers remain cautious with their purchasing". However, says it expects to see a different trading pattern this year, and will be targeting between 8% and 12% like-for-like growth on the full year.

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Gem Diamonds Ltd - diamond producer with diamond mining operations in Lesotho and Botswana - Says all operational metrics achieved for 2022 are within or better than guidance. Recovers 26,530 carats during the fourth quarter that ended on December 31, resulting in 106,704 carats recovered for the year. This is down from 115,335 a year ago. Sells 107,487 carats in 2022, down 2.0% from 109,698 a year ago. Average price per carat in 2020 stands at USD1,755, down from USD1,835 a year earlier.

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SulNOx Group PLC - London-based green technology company - Says revenue in the third quarter ended December 31 amounts to GBP45,720, up 9.1% from GBP41,901 in the second quarter. Revenue for the nine months to December 12 amounts to GBP120,515, nearly quadrupled from GBP31,386 a year earlier. Says the fourth quarter has started positively with a purchase order from a bulk carrier shipping company.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. 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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8 Nov 2021 15:14

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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24 Jun 2021 19:56

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

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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25 Mar 2021 11:28

AIM WINNERS & LOSERS: Tandem rises on strong results, positive outlook

AIM WINNERS & LOSERS: Tandem rises on strong results, positive outlook

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