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Tanfield Share Discussion Threads
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Snorkel Check out the new electric drive Snorkel TM12E launching at The Rental Show 2017. Visit Snorkel at booth #5338 from February 27 - 1 March 2017.|
|New customers keep piling up :-) :
|All I know is that snorkel should be selling a lot more machines now than they did in 2007 and i think Tanfield was worth around 800
Million in 2007.|
|All I know is that snorkel should be selling a lot more machines now than they did in 2006 and i think Tanfield was worth around 800
Million in 2006.|
|Isn't the problem here that we don't know what's going on at Snorkel or how close to the $25m EBITDA they are? It isn't transparent at all, which probably explains the low price here.
I saw in an earlier post multiplural was trying to buy some Ahern bonds so that he could see their accounts.
multi, I'm guessing you didn't succeed?
Surely TAN directors are updated on progress since the company owns 49%. They should really be keeping shareholders up to date.|
|Positive day again, good to see, but still crazy low price with what is going on at snorkel|
|Brilliant. Thank you multiplural.|
|The minimum takeout value of the 49% we own of Snorkel if the parameters of the option agreement is met is 91,25M$ plus a small amount in accrued interest.It consists of the issued note of 50M$ for the first 19%, plus 5,5X25MX0,30 = 41,25$ for the remaining 30%. This is all dependent on the parameters of the option agreement being reached before September 2018.
91,25M$ at the moment equals 73,1M£ or some 46,5 p per share. The reason for the higher value today is purely the depriciation of the sterling against the dollar which is very favourable to us as the asset is held in dollars.|
|How did multi get to this 'minimum' 39p takeout value?
multiplural - 17 Oct 2014 - 11:56:41 - 1219 of 2078 TANFIELD GROUP -- 2014 - TAN
The value for Tanfield of the Smith shares at the price used in this latest round is around 5,6 pence per share without calculating any value on the warrants held. I feel pretty sure the value when listed on Nyse or Nasdaq will go up, and the warrants will then also carry a decent value.
On top of this is the deal on Snorkel where a minimum value of 39p within the next three years will arise. Personally I think it will be before, and I can strongly recommend seeing this interview with Don Ahern where he mentions that it could be as early as this year:
|thought so, strange that someone posted it yesterday and other videos|
|The interview was recorded in 2014.|
|No less than $100m should be accepted imo|
|someone posted this on youtube today 13th feb 2.13 interesting
|i think we will see an adhern bid this week,
29p is my guess. which although is robbing us shareholders, is better then waiting any longer.|
|Well done the Board.
One company gone.
Now they can concentrate on doing the same to Snorkel while taking a nice fat pay cheque home each month.|
|Smith's stake officially (as near as certain) worthless.
Already written down to zero and market expectations managed to zero so should not have any effect the share price But it probably will fall a bit.|
|Good to know Multi!|
|I believe that the shareholders that have stayed around will be in for a treat in 2017.
Everything is lining up imo.|
|The Board has recently been reminded of the express intention of the 51% shareholder in Snorkel to acquire the 49% owned by Tanfield at some point in the future. The Board, however, recognises that Snorkel needs to further develop the business and welcome the focus on profitability as opposed to top line growth. The Board is of the opinion that as progress continues to be made, albeit in a very competitive environment, and if the business is successful in achieving improved profit margins, it should be well placed to benefit from further expansion in the AWP market in 2017 and beyond. The Board therefore still retains its view that the investment in Snorkel will result in a return to shareholders in the future.
Good paragraph from RNS, April last year which gives us hope!|
|Someone's losing patience with this share some big sells today|
|where r you multi|
|Or is he TheKLF!|
|hes about 100k a point at a guess, so maybe he is on the champagne.|