Tanfield Share Discussion Threads

[dave224] 14/10/2016 15:24

I think $80m would be a fair offer now for both parties this would give an average of
3 x current share price!

[multiplural] 14/10/2016 07:57

Interview with Snorkel CEO:

[steveglobal4] 14/10/2016 00:38

I think it will go to 18p and stay there for a bit as a few will sell, with sterling where it is 24p by xmas must be possible now

[dave224] 13/10/2016 16:11

Dont really want to see this creep up to 18p would rather it just went bang with an offer from Ahern

[puffintickler] 13/10/2016 13:09

Yes it does look a good time to buy, as you say with the £ falling the share price should have risen to compensate, plus TAN looks a very good bet anyway. I have topped up with a bit of spare cash. I am not expecting fireworks any time soon, but you never know.

[multiplural] 13/10/2016 08:42

In the latest interim results Snorkel is on the books at a value of 60,1M USD . This is far below the price Ahern have to pay if the option criteria is reached. If so the price would be 97,8M USD.
The booked value of 60,1 M USD equals 31,7p per share whereas the potential value equals 51,5 p per share.
The present market price is around 13p. For that you get all of the above plus some 5% of Smith Electric as a lottery ticket.
I am sure the americans can do the math as well, and as such I find it hard not to believe that a buy will happen sometime in the not to distant future.
Odds clearly favour buying here at these prices imo.

[buywell3] 13/10/2016 01:09

The chart suggest sub 10p coming again

Needs to get back above 15p to stop that happening



Re

''Germany is pushing to force the European Union to ban petrol and diesel vehicles by 2030. ''

Read more:


Politicians tell porkies more than most

However if they try to force other countries to do this

The demise of the EU accelerates as other countries follow the UK's lead

Another country I predict will have a referendum within 3 years of Brexit

The next one to follow starts the ''Brexit domino effect''

[multiplural] 12/10/2016 21:04

I agree, it is all about Snorkel.
But we still hold part of Smith at zero on our books. If the company revives itself this could make a nice surprise . Even a 1 mill value would be 5% extra on todays price.
Incredible that noone adds here with all of our assets being in US dollars, and a sterling down some 15-20% since summer.
I keep adding and I am really baffled that there seems to be an continous supply.

[dave224] 12/10/2016 19:40

Who cares about Smith its all about Snorkel

[jam2day] 12/10/2016 19:13

German Lawmakers Vote To Ban Petrol And Diesel Cars By 2030

It could lead to an EU-wide ban on combustion-engine cars.

The day of the electric vehicle is coming - may be to late for smith?

[steveglobal4] 11/10/2016 18:37

Dollar down another 2 percent today, I think Tanfield is going to come back into play here now, this is becoming interesting now, Would not surprise me if we rerate to 18p this week if the dollar goes any stronger

[donemyhomework2] 05/10/2016 09:15

Buy the shares today and sell them tomorrow and may even make some money .

[dave224] 05/10/2016 08:23

Why not wait until June 2017 then?

[multiplural] 05/10/2016 08:23

Your argument fails. If you were right the conversion would happen at the last minute, it doesnt.
This is a good move by management to clean up the balance sheet totally.

[donemyhomework2] 05/10/2016 08:03

The loans had to be repaid in less than a year and they don't have the money to repay them hence the conversion . Anything else is speculation .

[multiplural] 05/10/2016 07:55

These conversions are for old debt. Nothing to do with the issue for cash at 14.5 . Very good to clear the balance sheet, and could mean something is up.

[billy18] 05/10/2016 07:55

this is clearing the decks before the offer comes in! ......

a sign of confidence in the deal.

done at a time to maximise their returns. who can blame them!

[mrphiljones] 05/10/2016 07:51

Oh right I see................



















































ROTFLMAO.....A fool and his money....;_)))

[dave224] 05/10/2016 07:49

Muppets, they are taking shares instead of cash because they know an offer will be made soon!

[mrphiljones] 05/10/2016 07:41

Monitor saying 11.25p bid......Yer right,try selling any at 8.00 for that....

[vauch] 05/10/2016 07:39

new floor for this one 10.25

[mrphiljones] 05/10/2016 07:35

Wow!....;-(

[donemyhomework2] 05/10/2016 07:23

More shares issued , at 10.25p Steveglobal not 14p as before .

[multiplural] 26/9/2016 13:35

It is interesting how much the currency movement have tilted the option agreement in our direction.First of all I guess the lower Sterling would interact favourable on the margins , and seconly the value of the Note and agreed mechanism have shot up.
Calculated on the present 1,29 level of $/£ the minimum value per share , if triggers are reached, is 49p.