Tanfield Share Discussion Threads

[ianrossbus] 28/9/2015 09:48

As a LTH I have seen this shambles go from an EV company threatening to be at the top of the game, sell out to US for what has been of no benefit to shareholders and then today's latest news, the end !!
Very disappointing for a fully owned UK company with so much promise to be completely ruined by a BOD that clearly have no F@@@ing idea.
For those holding from the heavy days, I doubt you/I will ever get back the 50-60p. The only hope now is that we can gain some ground from snorkel, unless the BOD f@Ck that up as well !! Anything is possible. Shame.

[wishful_thinking] 28/9/2015 09:24

I'm no longer a holder but but didn't think Smith would result in money for a while. At best it might one day have resulted in 5p a share if lucky but Snorkel should be around 25p a share and has a much better chance of coming good albeit probably in a year or two.

[evil_doctor_facilier] 28/9/2015 08:44

QPP QUINDELL PLC - QPP
M.T.Glass - 20 Mar 2014 - 10:07:32 - 9823 of 28051
Regardless of any glitches, or any skeletons that can always emerge among past acquisitions, I think Rob Terry has done an amazing job in putting this enterprise together at precisely the right time to tie in with changed legislation and with the commercialisation of telematics technology - and to have stolen a march on rivals in doing so at such a pace. And for its growth to allow mainmarket FTSE-250 entry plus a north American listing to boot.

[the stigologist] 28/9/2015 08:27

mtglass more like mthead and mtpants because he is brainless and got no balls

[evil_doctor_facilier] 28/9/2015 08:26

lmfao
multiplural
7 Jun'15 - 20:39 - 1466 of 1563 1 0

Tanfield owns around 6% of Smith plus they have a few % in warrants in the co. Smith is just about to get public via a reverse merger with a shell co they hold the majority of. The book value of the Smith position is some 5-6p per Tanfield share. If public this value will probably increase.

[sarahbudd] 28/9/2015 08:22

What are long termers doing here? Is this still worth holding?

[m.t.glass] 28/9/2015 08:10

Tanfield impressively succeeded in the development of the Smith Newton electric truck range, and the Ford Transit based Smith Edison, and effective variants of each. Plus the (later abandoned) Transit Connect based Smith Ampere. All of which proved what could be done. It was only ever going to be a matter of time before the mainstream vehicle brands took the market away from them - which Renault/Nissan I think will be first to do. But they haven't yet, so there was still time for Smith to have carved a leadership role among niche players, and to possibly being bought up by a major maker. It's a shame they screwed up.

I guess their chinese partner will salvage the best bits, and may even obtain the US listing that Smith were arranging. I still regard the depot-based delivery vehicles market as prime territory for EVs. The indian maker Ashok Leyland might yet revive (under its own name) production of electric trucks? (base vehicle for the Newton was Ashok's (discontinued) Avia 75,)

[m.t.glass] 28/9/2015 07:59

Shame. Once upon a time Tanfield had a window of opportunity for Smith to take a serious chunk of the emerging electric vehicles market - and made a hash of it. Game over. I've previously expressed doubts about multiplural's confidence in the prospect of a US stockmarket listing, this latest update surely kills it. When Smith first indicated last year that existing stakeholders would be asked to cough up more money, I pointed out that Tanfield would be unlikely to join in and would accept dilution instead. Now confirmed. And not just dilution to an ever lower percentage stake, but possibly to zero. All the way down from their original 100%.

[ttny2004] 28/9/2015 07:54

Complete mis management

[puffintickler] 28/9/2015 07:38

...down 3.3p at a guess!

[knigel] 28/9/2015 07:17

I don't think the share price is going up today...

[donemyhomework2] 28/9/2015 07:11

Looks quite likely that Tanfield will end up with nothing over this which given the various dilutions is not at all surprising.

[vauch] 28/9/2015 07:09

What a shambles Smiths has become.

[vauch] 27/9/2015 17:58

Smiths power first cargo ship

[david77] 27/9/2015 08:15

There was a very good TV program yesterday, repeated from a week ago, about how diesels power the world. Diesel engines are fundamentally more efficient than petrol. I suspect that the standards set are so difficult to achieve that manufacturers have to cheat. I guess that they will find a way to clean up their act.

[dave224] 27/9/2015 07:59

I think all diesel vehicles may become a thing of the past

[vauch] 26/9/2015 19:16

cant see many VW owners trading there cars for a smiths truck, so no

[dave224] 26/9/2015 17:32

Does anyone think whats going on with the VW diesel scandal may be a good thing for Smith? Maybe diesel will be phased out and commercial vehicles and trucks etc will need to be electric to conform with emission standards.

[m.t.glass] 24/9/2015 21:28

Previous Smith customer buying EVs elsewhere:

[vauch] 21/9/2015 12:59

Is it legal, this is aim and by definition the game is to take all investors money and stick 2 fingers up to us all

[multiplural] 21/9/2015 12:31

It is strange to see how, via small reported trades, the m.m. keeps the shareprice depressed. Every time a trade have happened upwards we see some very small report at the 17 level. Is this legal, and why the interest to keep it down.
I simply don´t believe that anyone trades 131 shares of Tanfield. The comission itself is probably higher than the value 23£

[buywell3] 16/9/2015 09:14

That is why when you buy into a small cap

You buy into the CEO


buywell3 20 Aug'15 - 17:01 - 1523 of 1546 0 0 edit

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