Tandem – interims, argues “resilient performance” with “a robust balance sheet”. Is that really so?…

Previously writing on sports, leisure and mobility equipment group Tandem (TND), in March with the shares down to 235p I concluded that, with it stated “2023 sales have begun slowly” and trading headwinds, I remained cautious of the near-term outlook and continued to avoid. The shares most recently closed at 210p but what of them currently falling to 170p on the back of first half of 2023 results?

Tandem (#TND) – H1 swing to loss, discussions to refinance loans

Tandem (#TND) – trading conditions “persistently challenging”, though outlook for at least some sales recovery

Tandem – 2022 results, how “pleased” should it be to report the numbers?

Previously writing on sports, leisure and mobility equipment group Tandem (TND), last month with the shares at 262.5p I noted emphasises “in line with market expectations”, but how creditable is that? – including noting a litany of factors that suggested to avoid. What about now its full results for the 2022 calendar year?

Tandem (#TND) – 2022 EPS down to 12.5p, DPS maintained at 10p, “2023 sales have begun slowly”

Tandem – emphasises “in line with market expectations”, but how creditable is that?

Previously writing on sports, leisure and mobility equipment group Tandem (TND), in September with the shares down to 285p I concluded that with the trading headwinds and cash flow movements I continued to avoid. What now with the shares at 262.5p on the back of a trading update?

Tandem (#TND) – FY revenue down “in line with market expectations”, “2023 has begun slowly”

Tandem – interims, reduction in discretionary consumer spending biting?

Previously writing on sports, leisure and mobility equipment group Tandem (TND), in June with the shares down to 250p I concluded that the trading headwinds meant I avoided. The shares last closed at 300p but are currently falling again on the back of half-year results.

Tandem – recent revenue growth & argues “well placed to ultimately drive growth”, so why further share price decline?...

Sports, leisure and mobility equipment group Tandem (TND) has issued an AGM Statement including on revenue “for the last 7 weeks we were approximately 8% ahead against the comparative period” and “we are well placed to ultimately drive growth, particularly in all forms of e-powered transportation”. So what of a share price currently a further more than 16% down to 250p, a £13.5 million market capitalisation?...

Tandem (#TND) – last 7 weeks revenue approx. +8% YoY, but 24 weeks still -31%

Tandem (#TND) – 2021 EPS up to 73.8p, DPS 10p, 2022 “has started more slowly”

Tandem Group – trading update, results to make clear undervaluation: BUY

Sports, leisure and mobility equipment group Tandem (TND) has announced “FY21 profit before tax expected to be well ahead of the prior year and slightly ahead of the current market expectations” and that its order book “remains materially ahead of the comparative position in the prior year”.

Tandem (#TND) – expects FY profit “in line with or slightly ahead of current market expectations”

Tandem Group – positive interims and outlook, Buy

Sports, leisure and mobility equipment group Tandem (TND) has announced its results for the first half of calendar 2021 and said that “the outlook for the remainder of 2021 remains positive”.

Tandem Group – AGM trading update, how’s demand v. supply now?...

Previously writing on sports, leisure and mobility equipment group Tandem (TND), in February with the shares at 545p I questioned sustainable growth or not?, concluding the shares still on the watchlist. They have since been above 700p but are currently 565p despite an AGM Statement today including “revenue for the 25 weeks to 22 June 2021 approximately 14% ahead of the same period in the previous year” and “forward order books are at record levels with group outstanding orders currently totalling £34.7 million compared to £10.7 million at the same point last year”. So what’s going on?...

Tandem (#TND) – revenue approx. +14%, “positive” outlook despite supply challenges

Tandem (#TND) – “revenue to 31 May 2021 was approximately 24% ahead of the same period last year”

Tandem (#TND) – FY20 EPS +69%, “encouraging start to 2021”

Tandem Group – trading update, sustainable growth or not?...

Sports, leisure and mobility equipment group Tandem (TND) has made a trading update including that “unaudited group revenue for the full year was approximately £37.1 million” and “revenue to the end of January 2021 was approximately 75% ahead of the same period last year”. So what of a now 545p share price, £27.5 million market cap, it is up to?...

Tandem (#TND) – FY2020 update & “encouraging start to 2021 despite a number of pressures”