Tanfield Share Discussion Threads

[multiplural] 25/7/2014 13:15

I understand that large trades are done today at 18.75. Is it normal that they do not show up in the volume untill later?

[jam2day] 22/7/2014 19:00

Vidacos Nominees/HSBC reduced holdings to 5.77% previous above 6% any further info?

[m.t.glass] 22/7/2014 15:14

posted on Optare thread by Kimoldfield, but possibly still relevant to Smith:


Some Ashok news out:-

Commercial vehicle major Ashok Leyland has proposed to sell three of its subsidiaries, including two overseas arms - Albonair GmbH in Germany, Avia Ashok Leyland Motors in the Czech Republic - and Albonair (India) - in the next 12 months. The move to sell all the loss-making companies is aimed at consolidating its operations further as well as cut mounting costs, said ALL sources.

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

Until now, cab/chassis for the Smith Newton has been the Avia D75 from AL/Avia's Czech Republic plant. Production there ceased several months ago and moved to India. At the time, I wondered whether Smith would continue using the D75, importing it to US from India, or if Smith might opt to base the Newton on some other make of cab/chassis instead (such as via their chinese partner). Or whether a chinese buyer might buy the Avia facility with the right to build the same D75. Smith have recently indicated significant changes in the Newton design, but I've seen nothing new yet..

Or might Tanfield be planning to buy the Avia facility and become a supplier to Smith??

[multiplural] 21/7/2014 23:35

I guess the details around the public trading of Smith is near. They mentioned late July for being public and a few months later for NYSE/Nasdaq listing.
If we get the SEV shares distributed I could imagine a nice profit ahead of us. If not I could imaine that TAN would sell the SEV shares off and buy back TAN shares for the proceeds.In any case we are looking at seeing dollars ahead.
Snorkel seems to be doing great, and in a short time investors might see the real value ( imo 40+) here.

[cool_hand] 21/7/2014 18:55

something up?

[jam2day] 21/7/2014 17:33

Nice buy after the bell?

[m.t.glass] 21/7/2014 08:06

multi - Buywell2 has no option other than to post on other TAN threads in his desparation to be heard (or to start one of his own) - being barred from all mine for past misdemeanours.

[johnga] 21/7/2014 07:58

What is the 'right' one, multiplural?

Your nearly always flawed ramps (seeking to be the last, most visible post) or the 'balanced' one?

At 17p I know which is the 'honest' one.

[multiplural] 19/7/2014 12:57

It is interesting to see how Buywell have startet posting on other , very old, Tanfield threads to sort of push down this one, so newcomers might not read the right one.

[buywell2] 18/7/2014 14:03

What a complete POS TAN is turning into

Yet still the rampers ramp

[hedgehog 100] 16/7/2014 16:44

Please note the following thread which may be of interest:

"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"

[buywell2] 14/7/2014 09:59

Those advfn financial numbers in the header will read much worse soon methinks

[the stigologist] 14/7/2014 09:12

Peterhouse specialise in huge discounted placings so not encouraging

check out the PETE thread

[orange1] 14/7/2014 08:59

So why has Tanfield, a "passive" investment company, today appointed Peterhouse Corporate whose focus is "Active, growth-orientated clients" as a joint broker?

[m.t.glass] 11/7/2014 14:11

Thank you.

[multiplural] 11/7/2014 13:13

MT you can see the payment details in the SEC filing. Apparantly SEV have paid with funds at hand.
Form 8-K for AMERICAN BUSINESS SERVICES, INC.

10-Jul-2014

Changes in Control or Registrant, Change in Directors or Princip


Item 5.01 Changes in Control of Registrant
On July 3, 2014, Phil E. Ray, the Chief Executive Officer and Chief Financial Officer, sole director and majority stockholder of American Business Services, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with Smith Electric Vehicles Corp., a Delaware corporation ("Smith") pursuant to which Smith purchased all of the six million shares of the Company's common stock, par value $.001, that were owned by Ray. As a result, Smith now owns approximately 85.3% of the issued and outstanding shares of the Company's common stock. The aggregate consideration paid by Smith for Ray's shares of Company common stock was $340,000, which amount was paid by Smith with funds on hand.

Pursuant to the Agreement, Bryan L. Hansel, the Chief Executive Officer of Smith, was appointed to the Company's Board of Directors, Mr. Ray resigned from all positions as an officer of the Company and designees of Smith were appointed as officers of the Company, as described further under Item 5.02 below.

[ianrossbus] 11/7/2014 09:05

Multi. Thanks. Appreciated.

[multiplural] 11/7/2014 08:48

ianrossbus, I think the value for Tan´s SEV shares etc. on these figures are quite close to the estimate made in the latest update i.e. 5,3p per share. This is without any value attributed to the warrants which could prove valuable if interest picks up in SEV after listing. Again with the right support from the large customers and with a Chinese market that could explode SEV could rise very fast in the public setting making TAN´s part worth a lot more.
On top of this we have the agreement with Don Ahern that in the end, that is within the next 3 years, is worth at least 39p .
TAN is imo a very good buy with limited downside from here.

[ianrossbus] 11/7/2014 08:40

Multi. With that in mind, what is tan due to get now based on those figures. Or indeed any thoughts on price per share for us tan shareholders ?

Had put these well and truly in the bottom drawer. Don't think it'll reach my break even at over 60p. Lessons learnt. Thanks in advance.

[multiplural] 11/7/2014 08:38

This plan should make SEV a public company within this month.
Still I would very much like to hear updates on Snorkel as I have a feeling that business is booming presently.

[pcid] 11/7/2014 08:35

It probably only costs a fraction of the fees of a main NASDAQ listing.

My guess also is that it does not need the documentation details and require the publicity restrictions that appear to go hand in hand with an S1 filing

[multiplural] 11/7/2014 08:34

The plan is to list via this reverse and then in very short order to do an uplift to NYSE , should already have been negotiated. In this connection more than 40M$ will be invested in new equity. As I understand with a premoney valuation just below 200M$ .

[m.t.glass] 11/7/2014 08:20

And only an 'Over The Counter Bulletin Board' listing, not a mainmarket one. Though in its May 20 announcement, Tanfield did indicate that the OTCBB listing was merely intended as a stepping stone to a full exchange listing.

ABSinc gives an explanation of what OTCBB is at

[vauch] 11/7/2014 08:17

So a back door listing is on the cards eg reverse takeover