The legend dipped his toe in the other week. This came from the tipper of ASC, DTG. Watch very very carefully. Potential 80% easily.

Very undervalued, plenty of cash, eps forecasts put company on a p/e of 3.

Although badly run, it looks like there is light at the end of the tunnel. DYOR

Legend

I agree with you chaps, this one looks like a goer..
I'd like to see this one back to 17p to buy some more but
me thinks this one won't get below 20p again.
The moving averages for this share look very good,
few more days and the 50 could be crossing a rising 200 day
(always a good sign). Good luck all...Mark

Hi Mark,

Well, my broker is putting more and more of his clients in it. In the short time I have held this share, I cannot get over the scrappy amount of sellers there are!!! I mean, every day there are 100-200 share sells!!

Redmanyne Bentley tipped them as a buy in there aggressive share portfolio, and as I say, the right people are in them... that is good enough for me.

I am holding minimum till the results in april. A trading statement might be issued shortly (i am only guessing)

Hi Mark,

How many of these do you hold??

It is good that people are posting positive things... I am very confident myself. Hopefully the sideways trend will be broken soon!!!

Hi Legend,
I only hold a relatively small amount (being only a small investor
at present) but am working on growing this.
As with all these shares, the next move is always a gamble.
ie do you gamble a small amount before the announcement news arrives or do
you wait ? This share is relatively cheap in my book, being rated at
around net assets so I think it has limited downside etc
Another share (lowly rated) MSI that I picked came good, I'm hoping
this one will too, only time will tell..

Hi

Every little helps, i was the same when I was at uni not so long ago!!

Think you will be ok with these somehow ;-)

Big buyers today outweighing the small sells. This is a good thing.

Legend

Hi legend --I keep watching and reading about these but I can't understand why your brokers get excited by the prospects though I'm sure there's a reason. Trading at asset value, sells bicycles and sports equipment--what's in the pipeline to set the market alight?? It seems this is the only way to make much profit in shares these days--I hold several good companies which hardly flicker! I don't want to add another one.

what's their website address,please.

Nice Rise today and hopefully more to come IMHO

legend,

What's your target & time frame? Thanks.

ramu

30-35p. I don't like putting neck on line for time frame but you would assume and hope that there would be some coverage prior to, on and after the results... I am happy with my position, only wish I could afford more of em.

legend,

The nms for this share is only 2000 today. I went through hell just to buy 50k from IWeb. Any suggestions?

ramu

Legend,

This is moving in the right direction. It's a steady riser, not one to catch the attention of those blasted day traders. It'll be 30p before we've even realised. Good pick-again.

Yes another good day, don't panic if there is a retracement.

Perhaps mm short of stock ramu... this isn't always a bad thing??!! ;-)

I am happy for it to just keep ticking up to its true value.

Legend,

Last year's profit was 609k. Do you have an estimate for y/e 31.01.05? Hard to find analysis of Tandem.

Investors Chronicle
27 August 2004

Tandem acquired MV Sports in April 2003 for 1.91m. The acquisition was quickly turned around and contributed operating profits of 1.25m last year. It also provides Tandem with a product-sourcing subsidiary in Hong Kong. Little is now manufactured in the UK, other than 40,000 Dawes and Claud Butler bicycles a year (out of a total of 350,000 sold by Tandem each year). Company broker Peel Hunt reckons that the benefits of the move offshore, in terms of reduced fixed overheads and improved margins, will push this year's profits over 1m

The Interim Profits before Taxation for the half year ending 31.07.04 were 173,000 compared with 45,000 the previous year

Has anyone any other estimates of the full years profits?

I have seen some somewhere, will get my man to find something. It was good to see yesterday mms paying 24p for decent stock size - 24k when bid 23.5.

I really think these will tick back up from here over the next few months.

Don't have any exact figures, just looked at last interims.

A nice tick up today... should think this will continue, no fireworks.. just steady away!!

Right then people, you want Tandems forecasts, then here they are:

Peel Hunt have some forecasts from December covering the year to 31/01/05.

They are forecast to make 2.1m profit with Earnings per share of 5.5p.

On that basis they are on a p/e of under 5!!!!

Not much more to say about that really is there??!!! If only I had more money LOL

Legend

Thanks Legend for sharing the Peel Hunt forecast with us.

Tandem must have had a really good second half for them to increase their August forecast of 'over 1.0m' to $2.1m.

Do you know when they are due to announcing the results?