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

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?

Morning.

Newbie to the site but am interested in TND, and I saw the profit forecasts above.
Just to clarify, the Peel Hunt forecast is for 1.25m in 2005, followed by 2.1m for 2006.
Still PER of 7.46 for 2005 is very appealing !

Hi HC,

Yes, I think it is worth a punt for sure, I hold a 100k, wouldn't put money into it if I thought I would lose it. My broker likes em. Plus Peel Hunt are the NOMAD for Tandem. I am happy with the forecasts. I got my broker to look at the REFS (Really Essential Financial Statistics) to get some forecasts.

Last year up to results, they got a lot of coverage in IC coming up to the results. I would hope the same this year. It has a bit of cash which looks appealing too.

I will try and post the REFS attachment that I got e-mailed the other day.

Keep Smiling

Legend

Looks as though these could go sub 20p afterall... if they do.. I may go in and top up ?

Good decision, am not alarmed by the retracement.