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

By Steve Moore | Thursday 24 June 2021

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.

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?…

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