Tanfield Share Discussion Threads

[jam2day] 17/11/2015 14:59

this will probably be to avoid paying capital gains - settlement soon me thinks

[dave224] 17/11/2015 14:39

The latest RNS has got to be a very good sign!

[orange1] 16/11/2015 16:47

Tanfield announces that, at the Annual General Meeting held earlier today, with the exception of Resolutions 4 and 5, all resolutions were duly passed. Resolutions 4 and 5 (relating to the authority to allot further shares) were withdrawn and not put to a vote, as it was felt by the Board that the level of authority for those resolutions was too high in the context of Tanfield being a passive investment company.

[multiplural] 16/11/2015 15:46

It seems that they are really getting ready to liquidate and pay out, no more authorisation to issue new shares, nice.

[multiplural] 16/11/2015 13:42

Did anyone in here attend the AGM today?

[dave224] 14/11/2015 21:06

So the idea of Daryn Robinson becoming a director is so that he can fiddle some more cheap shares? Maybe Tan are now going to appoint a new secretary.

[cool_hand] 13/11/2015 09:12

it's TAN, when do you ever get good news.

[dave224] 13/11/2015 08:54

What is that RNS all about? Good news or bad?

[multiplural] 11/11/2015 19:07

It sure is interesting if we will hear about Snorkel´s performance from trade magazines before getting an update from the 49% owner Tanfield. Has happened before.

[dave224] 10/11/2015 21:04

Easy when you're in the know

[multiplural] 10/11/2015 20:52

Took some 20 seconds to find on www.tanfieldgroup.com

[dave224] 10/11/2015 18:38

Multi do you know how many options left now which can be exercised, how much will they dilute the share price when the deal happens?

[dave224] 10/11/2015 17:07

Ok thanks, looked through previous RNS but couldn't see anything

[multiplural] 10/11/2015 16:47

Since the loan have been in the accounts a couple of years , my guess is that the conversion price was agreed when the loan was established. Not unusual practice.

[dave224] 10/11/2015 16:45

Can anyone explain where the 10.25 pence per share came from when the loan was converted recently, why was it not converted at the current share price?

[m.t.glass] 09/11/2015 17:30

Only 7 weeks left this year.

[dave224] 09/11/2015 16:22

Fair enough, fingers crossed

[dave224] 09/11/2015 16:03

Multi, Do you still think this is gonna happen this year?

[multiplural] 09/11/2015 14:56

No chance, they should report this immediately if that was the case.

[dave224] 09/11/2015 13:42

Do you think maybe Roy and co are selling their recently acquired cheap shares

[multiplural] 09/11/2015 11:01

Very interesting to see how someone often takes the opportunity to hit on the stock when there is only small volume on the bid side. It is as if there is a deliberate wish to get the price down. Well, if I was a buyer of the company I might choose the same method as it disencourages holders.

[m.t.glass] 09/11/2015 09:17

They should indeed. Apart from whatever upsurge might be occuring in construction activity in parts of the world, more and more countries are legislating against the use of ladders for high access. More and more trades that require short-term rooftop access (eg, for storm damage repairs and for solar panel installations) are finding it worthwhile buying their own cherry pickers rather than relying on conventional scaffolds.

Before I retired, I frequently had to inspect the interior of church roofs. In earlier years I hired a rope-operated extension ladder, and required two volunteers to shift it, yard by yard, around the church. I had to climb down and back up again repeatedly with torch, clipboard and tools, which was a hell of a chore. In my last couple of years I hired a battery powered cherrypicker which I could drive along the aisle, reaching the entire roof of a nave without coming down. Surveyors working for peer companies went the same way. A builder friend decided to buy a cherrypicker so that he could specialise in chimney repairs, giving him an edge in pricing and in quick response, compared with builders requiring scaffold. There are still many specialised areas of construction where cherrypickers will increasingly become the more convenient option.

[m.t.glass] 09/11/2015 09:17

(duplicated).

[multiplural] 09/11/2015 08:49

We must be an update on Snorkel way overdue. Last we heard anything was late July. I hope we will see an update before the AGM. From what I can read on the industry they should be absolutely booming.