Tanfield Share Discussion Threads

[m.t.glass] 19/9/2014 07:07

Meanwhile one of Smith's US rivals has thrown in the towel:

"This week Boulder Electric Vehicles announced that it was ceasing production of its commercial electric vans."

[m.t.glass] 05/9/2014 20:14

Smith's chinese partner has launched an electric minibus. Is this a re-platformed (or cloned?) Smith Edison?



Plus a bus:


A quick skim through this overview of FDG shows an impressive setup but I didn't spot any reference to Smith Electric amongst it all - and it doesn't look like a company that needs Smith - except perhaps as a way of gaining US access and a US listing:

EDIT: My email News Alert inbox is awash with stuff from FDG at the moment - including this page specific to 'european style' commercial vehicles. Are they working with Smith on these? Or bypassing Smith?


And this cold weather test:


Daveperry (1173) - don't write off electric vehicles. Even if Tanfield and Smith screwed up their part in the story, the EV story remains big, imo. ;o) I don't think Ford went into their arrangement with Smith with the intention of merely using Smith, but I imagine they didn't like working with Tanfield - and will eventually bring in their own in-house EV Transits - as will Mercedes, Renault and Nissan. Question marks remain over whether Smith end up as a serious partner in the game, or as a mere stepping stone for others.

[multiplural] 04/9/2014 08:59

Extremely good figures fron Ahern peer Sunbelt:

[multiplural] 04/9/2014 08:58

Very promising figures from Snorkel peer Haulotte:

[daveperry] 03/9/2014 20:07

All a bit sad electric vehicles never took off. Ford were probably just using Tan as a cheap way of evaluating electric power systems.

A bit of a Dodo now.

[multiplural] 28/8/2014 18:15

Interestingly the stock have risen 15% the last week, 7% today. Let us hope this is good news for FDG, as it will likely help their investment in Smith.

[tallden] 28/8/2014 17:58

It's unlikely Tanfield will be halted as well.So regarding the news if it is poor then the shares will fall. If the news is good then the shares will stay the same. IMHO. As this is TAN don't forget it.

[m.t.glass] 28/8/2014 16:49

28 Aug 2014 12:46 Market News

(Infocast News) The board of FDG Electric Vehicles Limited (00729) announced that trading in the shares of the company will be halted at the request of the company with effect from 1:00 p.m. on 28 August 2014 pending the release of an announcement in relation to inside information of the company.

[m.t.glass] 27/8/2014 07:46

FDG Electric Vehicles Limited Loses $117 Million; Will FDG Be Able To Rescue Smith Electric Vehicles?

"Chinese company Sinopoly Battery was officially renamed as FDG Electric Vehicles Limited on May 13th (FDG being from “Five Dragons“) and would like to produce electric dragons vehicles.

This is the same company which recently infused some cash into Smith Electric Vehicles (with a plan of up to a $42 million investment) to keep going and to sell batteries.

It’s hard to say how the new business will go. However, in the fiscal year that ended in March, net loses were over 10-times higher than revenues.

$10.8 million of revenues comes mostly from LiFePO4 battery cells. At the same time, shareholders of the company lost $117 million (two thirds of this as impairment on goodwill).

Smith Electric Vehicles remains in silent mode, so we don’t know how the electric truck production is progressing."



Article then shows financial data:

[johnga] 21/8/2014 19:23

A little off topic but worth posting I thought. It's about stockmarket psychology, listening to 'what's going down on the street' (aka discussion board monitoring), and deciding which way to trade or invest.

This article was written in March 2012 when the FTSE was around 5950. It subsequently fell back to 5200'ish, as UK appeared to return to recession, before rising again on further stimulous. It's entitled 'FTSE 100 could double in a decade', says Citigroup:



'Financial crisis. Bank collapse. Bear market. Fiscal austerity. Eurozone on the brink. Double and treble dip recessions. Seven years of lean. Unemployment. High streets as ghost towns. That's the obvious bad news. But history shows that some of the best investment opportunities present themselves when the outlook is grim.'

We all remember it well, those if us who were trading then. However the article's interesting enough. But what's telling is all the comments at the foot of the page, ALL slating the article because they were all locked into their (our) fears of that moment and the stockmarket zeitgeist at that time.

Trouble is they were ALL wrong (article right). The FTSE is now 6772 and despite numerous scares of the indexes reaching new record highs, calls for major trend reversals, fears about Russia and religious troubles in the Middle East we're still in a strong bull market!

The lessons I take from it are:

- don't listen to anyone else when taking trading decisions.
- don't believe anyone knows any better than you, particulalry if they're trying too hard to give that impression (rampers). They only have their own interests at heart.
- be wary of the common held, trending view.
- trade the market not the news (or views).

So will it double over the decade? That's 12000 by 2022? Am I hearing a NO WAY, HOSÉ!?

[m.t.glass] 21/8/2014 14:34

"Tanfield, which holds stakes in Snorkel and Smith Electric Vehicle, said its own pretax losses had widened to £261,000 in the six months to the end of June.
Losses had increased from £60,000 in the same six month period last year."

[multiplural] 21/8/2014 11:27

The total carrying value of Smith is 4,06M € 0r some 2,8p per share.
Once listed this will probably go up. The value of Snorkel is, per the deal with Ahern, at least 39p in less than three years.

[jam2day] 21/8/2014 11:09

Vauch,
I have edited the offending "a" out of the post as it may mislead potential investors - who may speed read these postings, miss reading the "a" into "worth a lot more".
like yourself just killing time.

[cool_hand] 21/8/2014 11:08

o Valuation of holding in Smith: GBP1.28 million ($2.11 million) equity and GBP2.78 million ($4.75 million) debt

So not worth squat at the moment?

[vauch] 21/8/2014 10:44

Jam also not picking fault in your perfect grammar but have noticed a slight error in your first line of reply to CH.
CH worth (a) more than you suggest imo.

[vauch] 21/8/2014 10:41

Well Puff, Thanks for keeping the reply in line with my grammar as I did not need to decipher it.
LOL

[jam2day] 21/8/2014 09:18

CH worth more than you suggest imo.
The carrying value of Tanfield's investment in Snorkel is GBP36.28 million. This represents a value per share of 25.6p.This is based on current valuation.The business is growing and the more profitable it becomes then the greater return to Tanfgield. You also do not put any value to the smith electric vehicle holdings

[cool_hand] 21/8/2014 09:07

so worth about 25p?

[puffintickler] 21/8/2014 08:50

Vauch

3 grammar errors in one sentence make your message difficult to understand.


"That may well be the case but it takes other companIEs to make theIR sold ofF business work"

[buywell2] 21/8/2014 08:06

Loss increases by 400%

Profit/(loss) & total comprehensive income (000's)
for the year attributable to equity shareholders (261) (60)

[vauch] 21/8/2014 07:33

That may well be the case but it takes other company's to make there sold of business work,

[multiplural] 21/8/2014 07:29

Very nice to see they abandoned the suggested small offering.
Snorkel seems to be doing extremely well like its peers in the industry.
All in all a good report imo.