Tanfield Share Discussion Threads

[gskb] 12/11/2014 12:13

I see 15 lay offs as good news, AS LONG AS they're FAT BOY , ZIMMER FRAME, FAT BOY'S WIFE , FAT BOY'S MUM , FAT BOY'S DOG , FAT BOY'S ....... etc etc etc etc. ;-)

[m.t.glass] 12/11/2014 09:39

Evil Doctor -- It's quite a while since I last held either upbets or downbets on the QPP rollercoaster. As an active trader who goes with the flow I move into and out of stocks whenever it suits. Been fully committed elsewhere ;o)

[evil_doctor_facilier] 12/11/2014 09:18

Great call om QPP MT, why don't you show your face around there anymore btw?

[m.t.glass] 12/11/2014 08:14

Don Ahern advises caution on growth prospects

Snorkel layed off 15 people at its UK manufacturing facility last week.





Not quite the "extremely" rosy picture painted in the opening line of Multiplural's post 1242

[m.t.glass] 11/11/2014 07:59

FDG EVEHICLES: The Production Base of FDG Electric Vehicles in Kunming is Officially Put into Production - First Launch of Six Pure Electric Vehicle Models

[jam2day] 06/11/2014 18:59

FDG have some large expansion plans,smith being part of them.

Mr. Cao Zhong, the Chairman and Chief Executive Officer of FDG Electric Vehicles Limited said, “Upon completion of the restructuring, Agnita’s electric vehicle project (i.e. the Hangzhou electric vehicle project) will be consolidated into one platform, which will help realize the synergies of combining the electric vehicle business of Agnita and the battery manufacturing business of the Group. This collaboration will further strengthen the Group’s vertical integration business model, which comprises of electric vehicles manufacturing, electric vehicles leasing and battery manufacturing businesses, enabling the Group to secure a closer grip on the total production cost and obtain a competitive edge over its competitors in the ever-changing electric vehicle industry. The Group’s Yunnan electric vehicle project will commence production in no time with an annual production capacity of ten thousand electric buses/ public transportation vehicles. In addition, Agnita’s electric vehicle project (i.e. the Hangzhou electric vehicle project) is expected to have an annual production capacity of a hundred thousand electric vehicles in the first half of next year. Production of mid-size bus and commercial vehicles designed by the Group will also commence. The Group welcomes CIAM’s shareholders to join our Group and continue to share the above-mentioned success of the electric vehicle projects.” Mr. Cao Zhong also said, “Adhering to its development objective, the Group will continue to enhance its competitive edges in the electric vehicle industry with an aim to become a leading integrated electric vehicle manufacturer in China.”

[m.t.glass] 03/11/2014 07:23

"...Snorkel must be doing extremely well as all peers have double digit sales growth..."

?
Why "must be" and "extremely"?

I suspect Snorkel are indeed doing OK in winning back some of the market share that they lost under Tanfield's control.. but there is no "must be" about it. "Should be" or "could be" are surely the appropriate phrases. It is (and has previously been) perfectly possible for Snorkel's peers to be doing nicely and Snorkel to be missing out.

Once Don Ahern is comfortable with announcing sales and profits that do compare favourably with Snorkel's peers, I imagine he will do so. Until then I would guess he knows he still has some way to go.

[multiplural] 03/11/2014 07:01

JLG post 19,5% rise in sales. Snorkel must be doing extremely well as all peers have double digit sales growth.


JLG’s Access Sales the High Point for Oshkosh in Fiscal 2014
Nov 2, 2014
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JLG’s 185-foot Ultra Boom helped stimulate strong sales for aerial equipment in fiscal 2014.
JLG Industries, the access equipment division of Oshkosh Corp., posted $932.7 million in sales in the fourth quarter of fiscal 2014, a 19.5-percent year-over-year increase. The improvement was principally the result of the continued recovery of the global access equipment market, offset in part by the absence of U.S. military telehandler sales under a contract that was completed in the fourth quarter of fiscal 2013. Sales of access equipment excluding military telehandler sales increased 22.4 percent in the fourth quarter of fiscal 2014.

Access equipment segment operating income jumped 56.9 percent to $127.4 million, or 13.7 percent of sales, compared to $81.2 million or 10.4 percent of sales, in the fourth quarter of fiscal 2013. The increase in adjusted operating income was primarily the result of higher sales volume and the favorable impact of cost-reduction initiatives, offset in part by increased new product development spending and higher operating costs.

For Oshkosh Corp. as a whole, net sales in the fiscal fourth quarter were $1.67 billion, a 3.4-percent drop, because of expected lower defense segment sales.

For the full fiscal year, the access segment posted $3,506.5 million in net sales, compared to $3,120.7 million in fiscal 2013, a 12.4-percent hike.

JLG Industries is based in McConnellsburg, Pa. Parent company Oshkosh Corp. is based in Oshkosh, Wis.

[billy18] 02/11/2014 12:50

FDGEV made announcement today
they are taking over 100% of two companies
they are back on stock market 3rd nov

[cool_hand] 29/10/2014 10:59

I want to sell by April 2015.

[multiplural] 29/10/2014 10:17

30 p this year could happen if , after Smith have become public, the stock (ABSR to be renemed SMTH) shoots up, or if we see a move from Don Ahern. Both could happen, but most likely we will see 2015 before seeing 30p per share.

[ttny2004] 29/10/2014 09:35

Little I am afraid. Will happen sometime next year in my opinion.

[cool_hand] 28/10/2014 18:36

What's the chance of 30p here before EOY?

[cool_hand] 25/10/2014 11:20

Have Smith actually started production again?

[m.t.glass] 25/10/2014 09:18

Kevin Neal moves to another US EV-maker. He was Vice President, Human Resources and Administration at Smith Electric Vehicles.



Lightweight french/US van range

[m.t.glass] 24/10/2014 09:57

That simple, eh ;o)

[multiplural] 24/10/2014 09:24

If you look at the earlier filings you will have answers to all your questions on ownership, value etc.
Read the May 20th updat. Here is part of it:
The agreement covers the following:

Debt: The total debt owed by Smith to Tanfield Group will be consolidated into the AA round of funding which has rights to a 30% uplift on conversion to common stock. Conversion will occur immediately prior to the issuance of Series E Preferred stock and closing of the Qualified Merger (listing on OTCBB)

Warrants: Smith will issue Tanfield 5,050,017 warrants at an exercise price equal to post-money valuation at the closing of the Series E Preferred stock and 5,050,017 at an exercise price equal to the post-money valuation at the closing of the post-merger financing or underwritten public offering. . The warrants will be exercisable within 6 months of issuance and carry a term of 2 years.

As a consequence of this agreement and as a current common stock holder in Smith, Roy Stanley, will receive two trenches totalling 3,997,600 warrants on the same terms. Mr Stanley is assigning the rights to these warrants to Tanfield Group plc for nil consideration for the benefit of the Group and its shareholders.

In aggregate the total number of warrants to be issued to Tanfield including those assigned to Tanfield are expected to amount to just under 2% of the issued share capital at the time of the OTCBB listing.

Value to Tanfield Group:

It is estimated that post-merger (listing on OTCBB) Tanfield will hold between 4% and 5% of Smith shares, (excluding warrants). The ultimate holding post the public listing on a US National exchange will depend on price at which any money is raised at that point.

[pcid] 24/10/2014 08:44

The wording is confusing on this.

"The issuer has sold $11.1 million of Series E Preferred Stock since the first sale on Oct. 3 and doesn't expect to sell additional stock."

My understanding is that that the Series E round of fund raising is now closed.

Sinopoly now called FDG Electric Vehicles were prepared to invest over $40M in SEV. I assume that the bulk of this - $30M was conditional on SEV being a publicly traded company. (This of course will make their investment more liquid).

Although this is clearly good news for TAN holders I would expect the % of SEV that TAN holds to have been considerably reduced - after all FDG will have asked for and got a significant % of the equity in return for this investment.

[multiplural] 23/10/2014 19:15

As we have been through before on this thread, this is the second part of the 42M$ committed by FDG. They invested 2 M at the signing, now they have invested probably most of the 11,1, and when Smith goes from OTC to national exchange status they will invest the remaining funds.
I guess we will hear details of the shell merger and subsequent public status in very few days. The shell , American Business
Services, have a ticker code presently called ABSR. I guess the code will change to SMTH once the merger is done and registered, hopefully within a week or so.

[jam2day] 23/10/2014 17:58

Interesting that the offering is not connected to a business combination transaction -acquisition or exchange offer — and a total of three investors.

"The offering is not being made in connection with a business combination transaction — a merger, acquisition or exchange offer — and a total of three investors have invested in Smith through the equity offering, the filing said."

Where does this tie in with:-

FDG Electric Vehicles Limited

(Incorporated in Bermuda with limited liability)
(Stock Code: 729)
HOLDING ANNOUNCEMENT
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.