Tanfield Share Discussion Threads

[cool_hand] 15/9/2015 13:43

Whatever happens share holders are going to get shafted.

[vauch] 15/9/2015 13:42

Next disaster will be we have received the snorkel funds and punted them on Tanfield

[vauch] 15/9/2015 13:41

How many more years will this drag on.

[m.t.glass] 15/9/2015 09:30

Do you mean Tanfield Group HQ? Or Snorkel outpost?

Tanfield 'base' being no more than a token address for mail, with nil activity.

[r ball] 14/9/2015 20:39

Given that I live in Durham close to its base I'm surprised it's still around. Oh well.

[multiplural] 14/9/2015 20:36

I can never know for sure. If we take the facts presented from Snorkel and the details of the agreement around the sale of the remaining 49%, it seems very likely that it will happen this year. I would imagine that Ahern will try to get a better deal than what he will have to face when the option triggers, and that underpins a solution this year. The minimum price under the option is , as far as I recall,M $91,25 plus some accrued interest, so if he can buy for say 80M just before the option kicks in he is doing a very good deal. 80M would equate some 35-36p per share for Snorkel alone. Top that with Smith and we are easily above 40p. At below 20p the odds are very much in favour of the buyer imo.
Notice that the AGM seems to be delayed this year, it could be connected to the possible deal.

[dave224] 14/9/2015 19:51

Multi,

You always seem like a man who knows, do you think ahern will buy the other half of snorkel this year?

[multiplural] 14/9/2015 09:28

Ahern article, not Snorkel related.

[jam2day] 11/9/2015 09:20

"Snorkel Guard has undergone extensive field-testing and has already received high praise from a major global contractor" - No prizes for guessing who that is!


Snorkel Guard Now Standard on New Boom Lifts over 40 Ft. | Construction News
Post date:
09/10/2015 - 3:30am
View the full image
Snorkel, a global manufacturer of aerial work platforms, now installs its Snorkel Guard secondary guarding system on all new Snorkel boom lifts that have platform heights of 40 ft. (12.1 m) or more.

The change took effect Sept. 1, 2015.

Snorkel unveiled Snorkel Guard at The Rental Show 2015, in February of this year.

Designed in house by Snorkel’s engineering team, the simple, mechanical system features a spring-loaded rail that sits above the upper control panel and cuts out machine operations when compressed, for example, in the case of the operator being involuntarily pushed against the controls.

The operator can override Snorkel Guard using a switch in the platform, in the event that the system is activated in error. Additionally, when Snorkel Guard is activated, the lift can be operated from the lower control panel.

Snorkel Guard has undergone extensive field-testing and has already received high praise from a major global contractor, who favors the simplicity of Snorkel’s design over other more complex systems on the market.

Matthew Elvin, Snorkel CEO, said “Snorkel Guard is a robust and simple design which does not add any complexity to the lift, yet offers an additional level of protection for the operator. Operator safety is paramount, which is why we have rolled out the system as a standard feature globally, as well as offering it as a retrofit solution.”

In addition to equipping new-built boom lifts that have platform heights of 40 ft. (12.1m) or more with Snorkel Guard, Snorkel also sells the system for easy retrofitting to most Snorkel booms in the field.

Available globally, the retrofit kit can be ordered via Snorkel Customer Services or official Snorkel distributors.

For regional contact details, visit www.snorkellifts.com.

[m.t.glass] 09/9/2015 07:51

The Smith ipo, although of ongoing interest to me as a longtime advocate of EVs, is something in which Tanfield has a very small percentage stake which has fallen all the way from 100% to under 6% and may soon be even lower. The Snorkel aspect, as many here have stated, is of much greater significance.

[ianrossbus] 08/9/2015 20:13

Very strange. Let's see what happens first thing. News ? Or an extremely large purchase pre news ? Who knows with this share but we must be getting close to one of the two deals being finalised and I wouldn't bet on it being Smith ipo just yet.

[cool_hand] 08/9/2015 19:24

interesting. who knows with the MMs trickery?

[jam2day] 08/9/2015 17:05

Some spread at the end of the day ? is there something about to break?

[multiplural] 08/9/2015 14:20

Tanfield actually have a way of hurrying Ahern in that they hold a put option that triggers under certain circumstances. These seems to be just about met with the turnover figueres presented by Snorkel recently. So yes I think a trade is imminent. Have you wondered why we have not yet had a notification of the AGM, last year it was held very late at the end of September. So far we have had no notice of one yet, and I doubt that the business is more complicated this year. I could clearly imagine that we will have something interesting on the agenda this year.

[m.t.glass] 08/9/2015 13:34

How imminent surely depends on Don Ahern's assessment of how he can most effectively utilise the cash he would be spending to complete the purchase - ie, whether he can make greater headway by temporarily progressing certain aspects of the company and postponing completion, weighed against the more expensive price he might have to pay by waiting. He holds all the cards and there is nothing Tanfield can do to hurry him. He also knows that Tanfield's continued involvement gives them no way of hindering anything.

[multiplural] 08/9/2015 12:24

Ahern Germany launches in a few days with a huge operation. They really mean business with their Snorkel investment. Clearly a full buyout must be imminent.

[m.t.glass] 01/9/2015 07:34

The briefest of passing mentions for Smith in this article



The article is repeated across numerous US newspapers.

[wishful_thinking] 25/8/2015 09:32

Haven't looked on here for a few weeks but noticed in my monitor it had dropped somewhat. It looks like one seller started it off and then china and general market conditions has probably stopped it from bouncing back. Tempted to wet my feet and buy a few back as fairly sure it will make money in the long run but that's my concern, it could be a couple of years away yet which was why I sold out before.

[buywell3] 24/8/2015 09:06

Of course you did, as I expect all others here did also

Wonder who is selling now ?

[cool_hand] 20/8/2015 18:12

considering you don't hold any share you can FO.

I sold my holding at 23p FYI.

[buywell3] 20/8/2015 17:01

Yes and one feels it would have been better to have sold at 24p with OIL dropping , China going AWOL and now the markets falling

[cool_hand] 18/8/2015 10:24

All this and the share price in the doldrums.

[multiplural] 18/8/2015 08:18

Smith mentioned here. Li Ka Shing apparently invested in FDG Group: