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TND - Tandem News Story

365p 0.0  0.0%

Last Trade - 07/08/20

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £18.4m
Enterprise Value £16.5m
Revenue £38.8m
Position in Universe 1393rd / 1819

BUZZ-Britain's Tandem: Set for worst day in 8 months on coronavirus impact

Mon 10th February, 2020 8:46am
** Sports equipment maker Tandem's  TND.L  shares drop 12%
to a one-month trough after co says the coronavirus outbreak in
China has led to a slowdown in sales and production orders
    ** 2020 has started more slowly, the company says, adding
that some major customers carried stock forward
    ** "The restriction on travel imposed by the Chinese
authorities is hindering the movement of raw materials and
labour throughout China" - TND says in a trading update
    ** This has already delayed the production of orders and
made it difficult for our inspections to take place, co adds 
    ** Many of China's usually teeming cities have almost become
ghost towns during the past two weeks as Communist Party rulers
ordered virtual lockdowns, cancelled flights, closed factories
and shut schools 
    ** Stock is on track for the worst day in 8 months


 ((pawel.goraj@tr.com))
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