Tandem Group (TND)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

202.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 255.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 5.47m
  • Volume: 897
  • Market Cap: £11.05m
  • RiskGrade: 205

Tandem Group swings to profit after licensed properties strength

By Duncan Ferris

Date: Monday 30 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Tandem Group on Monday swung to an interim profit after revenue jumped on the back of a strong performance from its licensed properties.
The sports and leisure goods specialist booked profit before tax of £0.4m for the six month period ended 30 June, compared with a loss of £0.3m for the same period the year before, as revenues rose by 27% to £16.0m.

Consequently, the AIM traded company declared an interim dividend of 1.56p per share, for an increase of 10% over the prior year.

Tandem also reported a 43% year on year reduction in net debt to £2.0m as at period end.

Revenue climbed after its licensed properties, which include LOL Surprise!, Peppa Pig, Paw Patrol and Toy Story, performed strongly, while own brands such as Kickmaster, U-Move and Wired were also ahead on the prior year.

While mixed August weather and the overall economic environment hampered gazebo revenue and bicycle sales remained mixed, the company said it enjoyed significant growth from its flagship Garden Comforts website and a strong summer period for its mobility business.

However, Tandem highlighted multiple potential risks in the near future, including the effects of Brexit on import duty rates and consumer spending, the effect of weak sterling on future imports and the potentially limited longevity and success of its licences.

Mervyn Keene, chairman of Tandem, said: "Despite these threats we look forward to the rest of the year with some confidence and expect to deliver a satisfactory result to our stakeholders for the full year."

Tandem Group shares were up 8.11% at 200.00p at 1528 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tandem Group Market Data

Currency UK Pounds
Share Price 202.00p
Change Today 3.00p
% Change 1.51 %
52 Week High 255.00
52 Week Low 115.00
Volume 897
Shares Issued 5.47m
Market Cap £11.05m
RiskGrade 205

Tandem Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.54% below the market average57.54% below the market average57.54% below the market average57.54% below the market average57.54% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Price Trend
11.54% below the market average11.54% below the market average11.54% below the market average11.54% below the market average11.54% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
35.94% below the market average35.94% below the market average35.94% below the market average35.94% below the market average35.94% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
95.89% below the market average95.89% below the market average95.89% below the market average95.89% below the market average95.89% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

Tandem Group Dividends

  Latest Previous
  Final Interim
Ex-Div 11-May-23 06-Oct-22
Paid 06-Jul-23 15-Nov-22
Amount 6.57p 3.43p

Trades for 28-Mar-2024

Time Volume / Share Price
11:35 208 @ 195.50p
09:24 150 @ 195.00p
09:00 500 @ 195.00p
09:00 500 @ 195.00p
08:23 39 @ 194.80p

Tandem Group Key Personnel

CEO Peter Kimberley

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