Tandem Group – “bicycle sales have been materially higher”… so why are the shares lower?...
By Steve Moore | Thursday 28 May 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A “Trading Update and AGM arrangements” announcement from “designers, developers, distributors and retailers of sports, leisure and mobility equipment” Tandem Group (TND) includes “bicycle sales have been materially higher with year to date revenue 77% ahead of the prior year and the forward order book significantly higher than last year to date”… and the shares have currently responded to 250p, er approaching 4% lower!...
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