Tanfield Share Discussion Threads

[cool_hand] 14/10/2014 17:02

great for the share price.

[billy18] 14/10/2014 16:40

same amount bought back...so a just a transfer

[multiplural] 14/10/2014 16:20

5,2 % of the outstanding shares just reported traded in one trade. We ought to see later who sold and who was the happy buyer .
Maybe it is just change of ownership between funds administered by the same manager.

[m.t.glass] 13/10/2014 17:19

Evolved from Comeleon, long ago.

[pavey ark] 13/10/2014 17:10

Looking for a bit of info here.

Capital gains problem with old TAN shares.

Was the ticker always TAN ?

Was it always called Tanfield ?

Thanks in advance.

[multiplural] 08/10/2014 14:37

As I have read it there will be a public listing soon after the first investment, which I believe have taken place within the last days here. This public listing is via a shell company they have already bought as previously reported.
I guess this shell will be public, but only on the otc market, and I guess very few shares will be in the market. So realistically one could probably drive the price to the moon with very little effort. This will not represent the real value which only will be seen when either Nasdaq or NYSE listing is obtained and larger amounts of shares are available to the market.
There could be impact on Tanfield, positively, in the period towards the real listing, but I still believe the largest value lies in the Snorkel deal which imo. have a value of at least 39p.

[m.t.glass] 08/10/2014 13:50

"..In my opinion the value will most certainly rise after the company gets listed on NYSE or Nasdaq..."

What about before then?

The shape of Smith in its newly merged form will be known several months ahead of their proposed second attempt at a mainmarket listing. As will the newly measured role of Tanfield Group within it.

If your projection only kicks in after a US mainmarket listing attempt succeeds (which it might or might not), what impact are you expecting on the Tanfield share price between the two events?

[multiplural] 08/10/2014 13:30

It is not if, it is a certainty that the Smith captable will look very different after the planned restructuring. The value on Tanfields Smith share is calculated on the basis of this new structure, as mentioned by Tanfield earlier. This could of course have been altered again, but it must be the best available guess on the value SEV could represent for Tanfield at the point in time where the financing of SEV is done. In my opinion the value will most certainly rise after the company gets listed on NYSE or Nasdaq, as I expect heavy interest for Smith in a public setting.

[multiplural] 08/10/2014 08:24

MT The 5-10p valuation I mention is in line with the estimate given in Tanfields recent report:
- Estimated value of Company's holding in Smiths post merger: GBP7.41 million ($12.37 million), or 5.3p per

share (excluding warrants).

It is a fact that the % ownership in SEV will end up much lower than the present % , but nonetheless there is still value attached. On top of the 5,3p Tanfield mentiones comes the value of the warrants which could be quite significant.
So to say it is unjustifiable is imo not correct.

-

[m.t.glass] 08/10/2014 08:00

The financial restructuring of Smith Electric (or whatever it gets renamed if it does) is highly unlikely to involve Tanfield holding a bigger percentage than now, and quite possibly holding a smaller percentage, imo. And it's a percentage of an entity whose capitalisation is likely to differ from whatever figure is currently assumed. So trying to calculate how many pence it means within the Tanfield share price is a bit daft, and comes down to sheer guesswork.

I'm not shooting the messenger - merely suggesting that the messenger often displays excessive and unjustifiable certitude ;o)

[multiplural] 07/10/2014 21:08

Do not shoot the messenger.
I heard that the first part of financing for SEV has been finalized, and that the transformation to a public company thus should have been secured.
Hopefully we will hear details in the near future.
I don´t think it means much for Tanfield anymore, as Snorkel is the value here, but could SEV contribute a 5-10 p value, growing when listing on a major exchange happens, I will be quite content. I still feel the total value of the parts is in the region of 40p+.

[cool_hand] 07/10/2014 16:14

lets put this out of it's misery soon

[multiplural] 07/10/2014 07:41

After having been halted for more than a month FDG Electric Vehicles (The Smith investor) made this announcement this morning:
Reference is made to the announcement of FDG Electric Vehicles Limited (the “Company”;)
published on 28 August 2014 regarding the suspension in trading of its shares pending an
announcement of inside information which relates to a proposed acquisition. At this time, the
announcement is still being finalized. Trading in the shares of the Company will resume once the
announcement is finalized and can be issued.
By order of the Board
FDG Electric Vehicles Limited
Jaime Che
Executive Director

I don´t know if this is Smith related.

[jam2day] 05/10/2014 09:27

Some thing linked to this maybe:-

The board of directors of FDG Electric Vehicles Limited (the “Company”;) announces 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.

[multiplural] 04/10/2014 11:33

Something seems to be happening now. New filings have been made. Document types 0245S and 0240S, which apparently is change in number of shares. I have no access to the actual documents but just saw the below :

Seq Document Code Description No. of pages Filing Date
(mm/dd/yyyy) Filing Time Effective Date
(mm/dd/yyyy)
1 0245S Restated; Stock 30 10/03/2014 16:51 10/03/2014
2 0240S Amendment; Stock 2 10/02/2014 13:53 10/02/2014
3 0245S Restated; Stock 27 01/30/2012 12:12 01/30/2012
4 0240 Amendment; Domestic 1 11/04/2011 11:51 11/04/2011
Former Name: SMITH ELECTRIC VEHICLES US CORP.
5 0245S Restated; Stock 24 11/03/2011 12:26 11/03/2011

[multiplural] 02/10/2014 20:07

Jam I agree with you , the value is much higher alone from the minimum price. See my post 774:

What if?
According to the deal Ahern can acquire 19 of Tanfields 49% of Snorkel by paying the 50M$ prefferred interest Tanfield hold.
The remaining 30% of Snorkel can be put to Ahern, or he can call it, when for a 12 month period the Ebitda of Snorkel are 25M$ or higher on a multiple of 5,5 times Ebitda. If this situation occurs then the lowest price for Tanfields remaining 30% will be 5,5x25Mx0,30=41,25M$ .
So total, if all stars align, the value of Tanfields 49% Snorkel share is 91,25M$ or some 55,3M£ or around 39,5 p per share.
On top of this comes whatever SEV might be worth. Even with SEV worth nothing and Don Ahern going for an early bid to get things under 100% control, I have a hard time convincing myself that this is not worth 30+ p right now.
Remember the reason Don Ahern might go for an early buy could be that he eyes Ebitda above 25M in the years to come which would up the price tag on the remaining 30% of Snorkel.
All in all I fully understand that someone apparently bought 5+% in TAN last week, could be an easy double.

[vauch] 02/10/2014 18:40

how many more years before we know

[jam2day] 02/10/2014 18:29

There was a relaxed atmosphere at this year's Europlatform conference which took place in Cologne, Germany, on Thursday 25 September at the magnificent Hotel im Wasserturm - once Europe's largest water tower.

Senior figures from the US and European aerial platform industries took part. There was a humorous and enlightening talk from Don Ahern, owner of Xtreme Manufacturing in the USA, which recently took majority ownership of Snorkel. He also owns Ahern Rentals, one of the biggest rental companies in North America. All these topics were on the table as he explained that Snorkel cost more than expected to turn around at $42 million so far, but that hundreds of units are now in production and ready for order. See more content from his talk in the next issue of Access International.

Tanfield values Snorkel at $122 million

August 21, 2014 | Comments (0)

Snorkel’s previous owner Tanfield has valued its 49 percent residual holding in the aerial lift manufacturer at $60.1 million.

The estimate, which puts a $122.6 million price tag on the Snorkel business as a whole, is contained within Tanfield’s interim results in which there is just £7,000 of interest revenue but £261,000 pre-tax loss after allowing for staff costs and interest payments on its debt. The company has £257,000 in cash and £2.5 million in receivables to cover ongoing costs.

I think that Don would value 51% at more than $62.2 mlm - having invested more than $42mln so far turning round a company that was going out of business.I think that Tanfields estimated value could be considerable more
Time will tell!!

[m.t.glass] 01/10/2014 13:01

And when an announcement does come, it'll be interesting to see what percentage of Smith is still owned by Tanfield Group. Significasntly less than previously stated I imagine.

[multiplural] 01/10/2014 12:39

Interesting that they show Smith as part of the group structure when we haven´t seen any details on the investment confirmed yet. Incredible btw. that FDG have now been halted on the exchange for more than a month pending news, Smith?

[m.t.glass] 01/10/2014 12:11

Their website includes a (poor quality) exterior image of Smith's facility, which I've not seen before:

[jam2day] 01/10/2014 11:40

MT I think we both agree that it is a matter of when and not if electric vehicles takes the place of diesel/petrol engines.The link up with FDG(a serious player imo)when it happens could well mark the start of a commercially priced new electric alternative to diesel engines .



hxxp://www.fdgev.com/about.html

Look at Overview of the Group Members

[m.t.glass] 01/10/2014 11:22

- and another (local) newcomer is looking to give electric trucks a go: