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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tanfield Group Plc | LSE:TAN | London | Ordinary Share | GB00B4QHFM95 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 5.19% | 4.05 | 3.60 | 4.50 | - | 0.00 | 16:35:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Vehicle Part,accessory | 6.9M | 4.95M | 0.0304 | 1.27 | 6.27M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/9/2016 07:12 | Page 53 for full article: | multiplural | |
26/9/2016 07:10 | There is a large and interesting article on Snorkel in the September issue of "Cranes and access" . Extract: The company is maintaining a full product line with scissor lifts, articulated and telescopic boom lifts, mast booms, trailer lifts, and masttype push around lifts. The business is still losing money, but significantly less of it, and we understand that the break-even point is within reach and should be achieved, if not this year, then certainly by mid-2017. In order to continue to build on this, the company is investing in a major new facility near Las Vegas to house a large team of design engineers, as well as the Xtreme telehandler range. With the focus on the longer term it looks as though another of Don Ahern’s bet is likely to pay off. | multiplural | |
22/9/2016 14:35 | say whatever you want, ive only been back here a short while, sterling is going to do uturn now, and will prob rise up 20 percent from here over time, if we don't get an offer any time soon, I doubt it will ever come, snorkel will not miss this and have to make an offer is whats in my mind, the recent fund raiser was 14p without any sweat and we are under this price still | steveglobal4 | |
22/9/2016 12:37 | steve gobble balls is a complete loser, he was the clown touting big things for quenron, anything he's involved in is worthy of avoiding, lol | hvs1 | |
22/9/2016 12:21 | Steve global you have been posting every month for quite some time but who is counting.Need to see bottom line numbers before one can assess how well snorkel is doing not just the exchange rate. | donemyhomework2 | |
22/9/2016 09:59 | Weller I've only Been back here a month or so, Mainly because of the exchange rate advantage | steveglobal4 | |
22/9/2016 07:37 | I would have thought that snorkel would have taken advantage of the exchange rate and taken up the option early at circa 25p p/s? | a2584728 | |
22/9/2016 06:29 | Still amazing that no one has any idea on the actual results of Snorkel ( pre tax EPS etc etc). Its the only real asset they have and no one knows what its worth !! We appear to have been told that TO is $70m in the period and that's all!! | donemyhomework2 | |
08/9/2016 08:35 | Surely they cannot mix and share staff between the company's while Tanfield still owns half of snorkel, this tells me it's coming every soon | steveglobal4 | |
08/9/2016 08:10 | Snorkel and Xstreme already have merged on various positions. See below. It can only be a question of short time before they merge as such, meaning that Ahern will have to own both 100% imo. | multiplural | |
07/9/2016 22:00 | Because adhern is watching the dollar sterling rate and it going to be crazy if he does not miss an opportunity to save on the strong dollar before it goes back towards sterling. That's it, it has to be bought at some point and it's a gift to adhern to buy the other half right now, Would not surprise me if the offer from adhern is as soon as tonmorow A week holder sold out over the last few days, if not I think we would have been over 14p by now, as the buying pressure had increase last 7 days. Watch and see. Bet we go 13.5p offer at least tommorrow | steveglobal4 | |
07/9/2016 21:22 | so why has Zoar Invest Aps taken a position here? | cool_hand | |
07/9/2016 20:59 | It is slowly building up. One could fear that the 7 or 8 largest shareholders put forward a low ball bid for the company , say 18-20p, just to sell the lot to Ahern at 30-35 afterwards. It would not take many of the largest shareholders to take control of the board and thus enable them to recommend the bid. We ought to get our +40p value instead. | multiplural | |
07/9/2016 20:03 | no chat about are new major shareholder | steveglobal4 | |
26/8/2016 12:40 | The problem is we have no idea of how much is depriciated and amortised . Even with a small loss on the bottom line you could have significant EBITDA. And I imagine the investments as mentioned in the above are quite high thus adding to hefty depriciation and amortisation. I find it very unusual that we as 49% owners don't get more clarity on the financials of Snorkel btw. | multiplural | |
26/8/2016 12:31 | Easy. Back in April we were told that Snorkel was loss making and that conditions were tough: "Tanfield estimated Snorkel should achieve sales in 2015 of around $120 million, approximately 30% higher than 2014, which would see the business making a smaller operating loss compared to previous years. Since the disposal of Snorkel in October 2013, over $70 million has been invested in the Snorkel business by the current owner, which has enabled a significant proportion of the funds to be used to improve the working capital of the business. The Board takes comfort from this as it feels it confirms the commitment and aspirations of the current owners in making the business a success. From discussions with Snorkel, the Directors believe that coming in to 2016 the business continues to make progress but that market conditions remain tough. It is expected that 2016 will see modest growth but that it will be at a slower rate compared to 2015. This is also the sentiment in the wider AWP sector meaning that a lower level of expansion is expected to be the outcome for 2016 when compared to recent years. This has been caused largely by a slowing of the fleet replacement cycle as a result of the low sales volumes in 2009, the peak of the recession, which is now impacting on the normal replacement cycles as there is a lower level of product that needs to be replaced. It is hoped that there will be a positive correction to this during 2017." The trigger to buy/sell shares in Snorkel is EBITDA of at least US $25million for any prior 12 month period within 5 years of completion. The way I read things Snorkel are currently a long way from EBITDA of at least US $25million. The Tanfield share price confirms this. | orange1 | |
26/8/2016 12:19 | Orange, could you enlighten me as to why you think Snorkel is a long way from meeting the criteria. I have had a hard time finding financial figures on Snorkel. But with 120M in turnover last year, and growth expected this year they should be pretty close if their margins start to look like the industry. | multiplural | |
26/8/2016 11:50 | Isn't it the case that it can only be forced if certain profit criteria are met and otherwise not? Snorkel at the moment are still a long way from meeting those criteria. | orange1 | |
25/8/2016 08:49 | So when is Ahern's hand forced? | cool_hand | |
25/8/2016 08:31 | It looks as if Snorkel is doing fine, with a very good offering. One example: | multiplural | |
17/8/2016 05:40 | It seems so logical for a buy out of snorkel very soon what with the US economy do well and the exchange rate etc Ahern could get it alot cheaper than the contract deal. Maybe once Clinton gets in it will happen! | dave224 | |
15/8/2016 16:33 | Steve, could you point me in the direction of where you have read about possible trade of Snorkel? | multiplural | |
15/8/2016 14:56 | reading rumours elsewhere, maybe not long to wait now for the purchase of snorkel, or maybe just bull@hit, time will tell. | steveglobal4 | |
10/8/2016 17:19 | Hard work pal, flying now thank you | steveglobal4 |
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