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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: 177.00
Bid: 174.00
Ask: 180.00
Change: 0.00 (0.00%)
Spread: 6.00 (3.448%)
Open: 177.00
High: 177.00
Low: 177.00
Prev. Close: 177.00
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UK WINNERS & LOSERS SUMMARY: intu Properties Rises On Fundraise Talks

Mon, 10th Feb 2020 10:40

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.

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FTSE 100 - WINNERS

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NMC Health, up 7.5%. The UAE-focused private healthcare confirmed it has received "highly preliminary approaches" from private equity firms Kohlberg Kravis Roberts & Co and GK Investment Holding Group, regarding possible offers. The Mail on Sunday had reported that US-based KKR had held talks with NMC Health senior executives in the past few weeks. GK Investment, which has made a separate approach to NMC Health, is a Switzerland-based investment company. NMC on Monday said no proposal has been made by either KKR or GK, and there have been no discussions as to the terms of any possible offer. Further, "there can be no certainty that any offer will be made," NMC added. Back in December, US short selling firm Muddy Waters Capital accused NMC of manipulating its balance sheet to understate debt, which the company firmly denied. "Taking the business private might be the best thing to happen to NMC as it has lost credibility with the market and it will take a lot to rebuild trust with investors," said AJ Bell's Russ Mould.

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FTSE 100 - LOSERS

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Whitbread, down 2.6%. Goldman Sachs downgraded the Premier Inn hotel chain owner to Sell from Neutral.

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OTHER MAIN MARKET AND AIM - WINNERS

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intu Properties, up 18%. The shopping centre operator confirmed plans to raise equity at the end of February when its 2019 financial results are released. intu made the statement after the Sunday Times, over the weekend, reported Asian property firm Link Real Estate Investment Trust was to "ride to the rescue" of intu. The company confirmed Link Real Estate, which is listed in Hong Kong, was part of the negotiations, which would see it become a new shareholder in intu. intu said talks with existing shareholders including Peel Group are "constructive". Peel Group, which owns 27% of intu, is owned by businessman John Whittaker. "The company will make further announcements in due course, as appropriate. There can be no certainty that the equity raise will be implemented nor as to the terms on which any such implementation might occur," said intu.

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Audioboom Group, up 10%. The on-demand audio and podcast distribution platform said it has hired Raine Advisors to advise on a strategic review of the company. Audioboom said Raine will provide advice in relation to a review of options which include partnerships, financial investment, business combinations and potentially the sale of the business. The company said that it is now in an offer period, adding that it has not yet received any acquisition offers.

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OTHER MAIN MARKET AND AIM - LOSERS

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Tandem Group, down 7.5%. The sports, leisure and mobility equipment distributor said its growth has slowed since the start of the new year, after a double-digit revenue increase in 2019, while the factories closures due to the coronavirus outbreak in China could crimp supplies. Tandem said revenue growth in the six months to the end of 2019 was 15% ahead of prior year. In the first half of 2019, the company reported 27% revenue growth year-on-year. Tandem said the slowdown was due to sustained wet weather in the UK during autumn, as well as economic uncertainties. As a result, Tandem said its revenue for entire 2019 increased by 20% on the prior year to GBP38.8 million, taking pretax profit "well ahead" of the prior year. Looking ahead, Tandem said 2020 has started more slowly, as some of its major clients have carried the prior year's stock forward into this year.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 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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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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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

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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