Share Name Share Symbol Market Type Share ISIN Share Description
Tanfield Group 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
  -0.25p -1.89% 13.00p 13.00p 13.50p 13.75p 13.00p 13.00p 69,401 15:26:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.0 -0.2 -0.2 - 19.98

Tanfield Share Discussion Threads

Showing 19901 to 19921 of 19925 messages
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DateSubjectAuthorDiscuss
20/11/2017
13:50
Finance for taking out won’t be cheaper and the dollar strength is favourable. Why does Tanfield carry on in its present state? Perhaps loss of face in having to take a low offer rather than draw a line under the whole episode?
semper vigilans
20/11/2017
13:43
multi - I can't see Ahern wanting that as an option - I think this whole exercise has been one in which he foresaw being able to get the 49% at a better price when the current arrangement expires and he has the majority vote on what next. And it certainly wouldn't be worth Tanfield's while to remain listed indefinitely with no other income. - making a delisting even more likely. As for the suggestion that Ahern might actually pay MORE than the £36m when he holds so many cards, I can almost hear him laughing from here.
grabster
20/11/2017
13:08
multi - the manner in which Tanfield have worded their statement today (and previous) suggests they don't share your optimism, and are making sure they have a backstop statement in place that allows them to excuse themselves from blame when Ahern does take the 49% at something less than Tanfield shareholders have been led to expect. There is certainly no reason for investors to regard Tanfield as having any longterm prospects. As a non-productive holdings company that is nursing just one holding, which will at some stage not be theirs any longer, they are likely to delist and fold as soon as any proceeds are available for distribution. (Unless of course they go back on the distribution promise and invest the proceeds in some other venture). Depending when the denouement actually takes place, it remains possible that, faced with a negative market reaction that damages the share price, they might take the company private before the Snorkel sale instead of after. Shareholders have been shafted before now by AIM companies taking dodgy exit routes. Including companies loosely related to Tanfield.
grabster
20/11/2017
12:57
Or they can keep owning a 49% stake in a profitable fast growing company.
multiplural
20/11/2017
12:28
Lets get real. The trigger event wont happen and after September 2018 they can offer what they want and Tanfield BOD will have very little option but to accept it if they decide to make an offer that is.
donemyhomework2
20/11/2017
11:29
You are wrong in assuming that Ahern can buy the rest of Snorkel for 36M now via the agreement. The 36M is what the 49% is booked at. Should the trigger event happen, which is highly unlikely, the full price would be well over 40p per share. Apart from this , it is obviously highly unsatisfactory that Tanfield don't have full insight in Snorkels economy. With Snorkel doing very well, and with Ahern's rental business doing extremely well, I still find it likely that we will see a buy offer from Ahern at a minumum price around the book value.
multiplural
20/11/2017
07:57
Have they said anything new?
donemyhomework2
17/11/2017
07:05
did teslar buy the smiths truck factory in California on the cheep
vauch
22/10/2017
14:14
Ahern Canada now open: http://m.rermag.com/international-news/ahern-canada-opens-edmonton-sell-and-service-snorkel-and-xtreme See the text to the picture from the website " Ahern (centre) the current owner of Snorkel .." they seem to forget he only owns 51% http://www.aherncanada.ca/about-us/our-history/
multiplural
20/10/2017
12:48
Somehow i dont think so.
donemyhomework2
19/10/2017
11:26
Snorkel looking like to complete anytime soon at 31p ?
a2584728
25/9/2017
14:16
This still going? Could have made it with the battery tech but now a duck of a company.
tradejunkie2
15/9/2017
16:15
I love this interview piece from 2014 with Ahern : RM: If you look at Snorkel, it was on its own, then it was purchased by the Tanfield Group. Recently it seemed like the resources weren’t available to get the company to the next level. Ahern: Snorkel was nearly out of cash. We bought Snorkel by bringing in excess of $35 million in credit to the company. It was simply a trade of 51 percent of the company for bringing the capital to the business. In addition to the capital was a note for as much as $50 million. Tanfield Group will get its money for the other 49 percent of Snorkel when I buy it, plus the note. They are doing a fabulous job of supporting this organization to this day. They are doing everything they can to make this a winning proposition and they should be out of the company within three years.
multiplural
06/9/2017
07:43
Strange that - one would have thought that market would have been covered by "Extreme" Another sign that he is incorporating both names?
jam2day
06/9/2017
07:29
Snorkels first ever telehandler shortlisted for Product Innovation Award : https://www.facebook.com/snorkellifts/
multiplural
30/8/2017
13:22
hTTps://www.khl.com/news/bss-invests-in-snorkel-scissors/128796.article BSS is a subsidiary of UK nationwide builders merchant Travis Perkins. UK-based BSS Industrial has added to its fleet with 30 Snorkel S3010P push-around scissor lifts. The units deliver a working height of up to 5m, can lift up to 240kg and weigh 370kg. BSS Industrial is a specialist division of Travis Perkins and operates rental desks at each of its 60 branches across the UK. It became part of the contract merchanting division of Travis Perkins in 2010. Following the order, Steve Day, divisional hire director – contracting merchanting division, said, “Low level access is a new product line for BSS. It was Linda Betts at Snorkel UK who introduced us to the Snorkel S3010P. “The compact size and low weight of the Snorkel S3010P suits our customer base extremely well, and is very easy to operate and maintain. We were very impressed with the demonstration of the lift and it performed well during our trial.” Day added that the units were now deployed across its depots, and refused to rule out purchasing more models from Snorkel in the future. Meanwhile, Andrew Fishburn, managing director, Snorkel UK, said, “The Snorkel S3010P is particularly well-suited to businesses like BSS Industrial, who are hiring equipment to their trade customers from their depots. “The products are both easy to operate, and easy to service and maintain, ensuring a good return on investment.”
grabster
28/8/2017
21:03
It is a very sad background, but I feel confident that hurricane Harvey will lead to extreme demand for products like Snorkel's .
multiplural
24/8/2017
12:03
So if they made $1.5m in 6 mths ie $3m for the year what chance do they have to exceed $25m EBITDA for the year to September 2018?
donemyhomework2
24/8/2017
07:10
Another kick in the teeth re Smith electric vehicle missed opportunity. http://www.bbc.co.uk/news/technology-41025771
jam2day
23/8/2017
10:50
HSBC and Chase Nominees have 30% and 14% and Zoar and OTK 11% each making 66% by these four entities although the first two could have many underlying shareholders.I still wonder what will be the end of this if anything at all.
donemyhomework2
21/8/2017
06:54
If as the RNS suggests, despite owning 49%, they don't have a board seat at the JV level or a contractual right under the shareholders agreement to information allowing a breakdown of production per plant then the board has been grossly negligent. If they cant tell that, then they almost certainly cant tell how the "joint" costs are allocated between Ahern and Tan to see if this is fair, or how the revenue and profit are being allocated between Ahern as buyer and Tan as seller of products manufactured by the JV and sold to Ahern. Essentially they are admitting that through Tan's board incompetence Ahern has Tan by the balls. If Ahern has that much control then since they consolidate the JV's figures into their group accounts as majority shareholder anyway, with a small expense item for Tans profit or loss share as the minority, why would he ever do anything than run the clock out and keep Tan locked in. A complete shambles in other words- although given their history why would shareholders think anything would change in that regard!
kibtf
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