Tanfield Share Discussion Threads

[steveglobal4] 26/5/2016 00:41

not me jam, I have worked a few larger orders recently though.

[multiplural] 25/5/2016 14:22

My point was just demonstrated. A real trade on 15,25 and very soon after a report of a trade at 13,75.

[multiplural] 25/5/2016 14:05

More interestingly a number of very small, down to 80 shares, trades reported at low prices every time a real trade has happened on a higher price. To me this looks like someone has been ordered to keep a lid on the price. Motive could easily be to disencourage shareholders so much that they will be willing to accept a bid in the 20's instead of getting the full value.

[jam2day] 25/5/2016 10:51

Regular buys of 500 over the last week or 2 - Steve is that you nibbling?

[cool_hand] 17/5/2016 16:26

Shares In Issue 153.71 m

[steveglobal4] 17/5/2016 16:12

how many shares are in issue here please

[steveglobal4] 17/5/2016 16:07

its unbelievable really that snorkel have not snapped up the tanfield holding yet,and its unbelievable the share price has not risen further as the days draw closer,

[steveglobal4] 17/5/2016 00:18

the 1000 shares was sold into a bid i had on since this morning working a purchase, and yes i ended up with an tiny 1000 extra shares, thank goodness i don't get charged for single trades.

[multiplural] 16/5/2016 21:50

Btw interesting to see how someone, probably the market makers , reported a trade of 1.000 shares i.e. a value of around 180 USD to set the closing price down 15% .
If I ever saw a manipulated stock, this is it.

[multiplural] 16/5/2016 21:47

I clearly think that Bryan Hansel have put his weight on the FDG relationship. After all they let him become CEO of the JV despite his demonstrated lack of leadership in Smith.
He could imo. be in for a very nasty surprise if things plays out right for the new management of Smith.
No doubt he has on numerous times promised a lot that he has not held.
Truly amazing how someone, i.e. Hansel, can destroy a huge possibility like Smith was four years ago, and just waste huge amounts of dollars again and again.
His prime function have been to raise enough cash to get himself paid every month. He has never demonstrated a true wish for success for Smith.
As for Tanfield let us still focus on Snorkel. Ahern is a much more solid type as I read it.

[grabster] 16/5/2016 21:31

Text of announcement:

Smith Electric Vehicles Update


The Board of Tanfield was today informed by the Board of Smith Electric Vehicles, in which Tanfield holds approximately 5.76 per cent of the share capital, that it has filed a complaint against Five Dragons Group Electric Vehicles Limited ("FDG") and Orng EV Solutions, Inc. ("Prevok") in the Court of Chancery in Delaware.

The Board of Smith state that in general, the suit is based on fraudulent misstatements that were given that induced Smith to enter into the joint venture with FDG and to enter into other commercial transactions with FDG and its affiliates. Smith's complaint also asserts breaches of contract and breaches of fiduciary duty in FDG's exercise of control over the joint venture. Smith is asking the Court to declare the joint venture terminated or rescinded, in either event, returning to Smith its exclusive right to sell its vehicles in the United States. Smith also seeks damages for the financial injury that the defendants' unlawful conduct has inflicted on Smith's business. Smith believe that their decision to sue was necessary and will free them up to move beyond months of paralysis, focus on raising the capital necessary to restart the business and to realize its potential in the US and throughout the rest of the world.

The Board of Tanfield was also informed that Smith urgently need funding and are proposing to seek to raise a Series F financing.. At this stage no further details have been provided in relation to the proposed fundraise and a further announcement will be made when the outcome of the fundraise is known.

As reported in the interim results for the period to 30 June 2015, the current book value of Smith in the Tanfield Balance Sheet was £4.8m (equating to approximately 3.1p per share) against Total Assets of £41.4m (Net Assets of £39.6m equating to approximately 25.8p per share). As reported on 17 February 2016, the Board of Tanfield are reviewing the position of the investment in Smith and its carrying value and will update shareholders within the 2015 preliminary results next month, or before should the review complete earlier. Tanfield cautions that there is no certainty that Smith will be successful in its intention to raise the further funding it requires.

----------------

Where is Bryan Hansel in all this? Did he jump ship to lead the formation of Nohm with FDG, and is on the opposite side to Smith in this case?

[multiplural] 16/5/2016 16:49

have for a long period of time calculated a zero value on the Smith stake. If they are successful in getting the US back and get a compensation for the wrongdoings by FDG, I actually think we might have to start putting a value on the stake. I would not rule out that Wangxiang is waiting somewhere to step in instead of FDG. As for Europe I am sure the Smith offering is as wanted as ever, only a question of finding the right partners.

[steveglobal4] 16/5/2016 16:39

lets get rid of the smith stake at the time of the smith fund raising at any cost, complete waste of time.

[multiplural] 09/5/2016 10:48

Seems that Snorkel is really building up , nice to see comments from other industry individuals below the article:

[multiplural] 09/5/2016 10:46

New products from Snorkel presented in Australia

[grabster] 09/5/2016 06:53

Smith's chinese partner FDG stepping up activities another notch:

[orange1] 06/5/2016 09:49

Apparently, the ad campaign has as its theme tune David Bowie's hit, The Laughing Nohm. The chorus is:

Ha ha ha, hee hee hee
"I'm a laughing Nohm and you can't catch me"
Ha ha ha, hee hee hee
"I'm a laughing Nohm and you can't catch me"
Said the laughing Nohm.

[grabster] 06/5/2016 08:16

tried again to post that image of the NOHM bus. Failed.

NOHM as in NO OHM -- ie No Resistance. A corny way of saying the company aims to overcome resistance to EVs. (Groan!)

The vehicle is being shown at ACT Expo hTTp//www.actexpo.com
NOHM is on Stand 1625. Smith isn't there in its own name.

[grabster] 06/5/2016 07:58

"FDG Electric Vehicles and Smith Electric Vehicles set up a joint venture complete electric vehicle brand, the Nohm. The venture's electric commercial vehicle products will be launched and for sale in the US this week."

Reported at a show in Shanghai today.

Also, with a picture that won't copy for me here:

A new company called Nohm will unveil its fully battery-electric shuttle bus at ACT Expo 2016 next week, and will explain how mass production in China (and later in the U.S.) will allow it to offer a zero-emission vehicle costing operators about the same as a diesel.


Nohm’s plan is to import vehicles from China and, as demand grows, commence manufacturing in California, likely in 2018. The company is targeting both transit and truck markets.
Nohm’s partner is China’s Five Dragons Group (FDG), which according to a backgrounder for San Francisco Bay Area officials and fleet managers has just opened a $500 million, 1.2-million-square-foot factory able to produce 100,000 battery buses per year.

‘Full-Scale’ Next Year

The factory was costly, but “Between the two markets, you can justify the spend,” Nohm founder and CEO Bryan Hansel said at a sneak preview of the Nohm vehicle in San Francisco today. “Hand-building trucks is never going to be cost-effective.”

“We’ll definitely have product on the road in 2016 and in 2017 we’ll be full-scale,” Hansel said.

Nohm is pursuing “a price-parity strategy,” he said. “We want Joe the Plumber to be able to buy one.”

A Joint Venture with Smith EVs

“A range of flexible truck configurations will be available, along with a full warranty and a nationally known fleet servicer,” the backgrounder states. The bus shown in San Francisco today has a 76-kilowatt-hour battery affording a single-charge range of about 100 miles. Further specifications are to be released at ACT Expo, which runs May 2-5 at Southern California’s Long Beach Convention Center.

Nohm was launched in May 2015 as a joint venture between Smith Electric Vehicles and Hong Kong-based FDG Electric Vehicles.

Hansel is the former CEO of Smith EVs.

[cool_hand] 22/4/2016 14:33

Fat chance of that happening.