Tanfield Share Discussion Threads

[steveglobal4] 27/6/2016 16:45

20P is all we will get offered, still double todays share price.

[steveglobal4] 27/6/2016 16:43

exactly multi, if an offer is coming in the next 12 months, expect it anyday, price of tanfield is smashed and the currency dropped another 3 percent today against the dollar, if the offer doesn't come in my opinion it will never come, any fool can see this now

[dave224] 27/6/2016 16:02

Sorry multi didn't see your post

[dave224] 27/6/2016 15:58

Vauch, Maybe I am missing something but if Snorkel is valued in dollars 60M then surely with the drop in the pound we would get more i.e this would currently convert to £45M

[multiplural] 27/6/2016 15:54

Vauch, you get it the wrong way. The weak pound actually means that the value of Snorkel rises as it is a dollar asset.

[9degrees] 27/6/2016 08:25

Thanks orange1 not sure I understand the logic of this . Costs are a cost ... and proceeds from raising funds has nothing to do with staff costs so you should not set them off in a trading statement ??
Maybe I a just don't understand the layout of these accounts but heyho anyway! Tks

[orange1] 27/6/2016 08:03

Costs are a negative not a positive. Here the costs are £618k. This is because the company raised £705k during the year so the staff costs are actually £705k - £618k = £ 87k.

[grabster] 27/6/2016 07:24

the Smith/FDG situationis a sorry tale. FDG will know that Smith cannot afford the cost of a really big legal fight. Even a smaller fight will take evry cent that Smith has, and more - which doesn't make it a very appealing investment for whoever Smith approach tofund it. Tanfield aresurely right to value their Smith holding at nil.

[vauch] 27/6/2016 07:23

27P Will now be far less with the drop in the pound mor like 20p

[9degrees] 27/6/2016 07:18

how do they manage to have staff costs of £618k when the company doesn't do anything ?

[steveglobal4] 26/6/2016 22:43

Looks like the ftse is going to drop 3 percent plus in morning;

Hopefully a chance to get some more cheap shares here if people are in panic mode again, bring it on, looking good for bargains

[steveglobal4] 24/6/2016 22:51

Wait for the bid now we have hit a new low today, I'm sure this will be considered today

[jam2day] 15/6/2016 09:06

Ahern will want total ownership any thing else will not be in his agenda.

[grabster] 15/6/2016 08:57

I very much doubt that anyone in the industry would want to splash out on buying Tanfield's share (or any substantial chunk of it) when Ahern holds a majority stake. In which case any buyers would be speculators - and speculators, if interested enough, would have mopped up Tanfield share instead already, which they don't appear to have done.

[dave224] 14/6/2016 15:18

I think the only option here is going to be for Ahern to make an offer sooner rather than later, I don't think they will reach the EBITDA required before sept 2018 therefore the offer has to be a good one as Tan may be better off selling the 49% stake on the open market.

[steveglobal4] 13/6/2016 19:13

any more news on the snorkel, i was working a bid all day and no takers, someone was also working a sell at 13p, anyone on here?

[multiplural] 10/6/2016 08:26

You are correct. It was not a mistake back then, I still think I will profit from the buys I did in the 20's , but I obviously would rather have bought all here :-)

[grabster] 10/6/2016 08:07

But you mistakenly indicated the same when it was in the mid-twenties, from where it fell 50% :-o

[multiplural] 09/6/2016 15:05

I like this, 13p seems a steal imo.

[multiplural] 09/6/2016 11:39

Link to full interview:

[multiplural] 09/6/2016 11:39

Encouraging interview with the new Smith CEO John Dixon:
Smith Electric was considering an IPO at the end of 2011 which didn’t work out at the time—is that on the horizon again?

People are noticing that Smith is becoming more prominent and reengaged in recent months, so we have been approached by banks for an IPO, and also received offers from the private sector to continue with private financing.
We have an open mind. People are noticing that Smith is becoming more prominent and reengaged in recent months, so we have been approached by banks for an IPO, and also received offers from the private sector to continue with private financing. We have great options and flexibility. We’re bringing in new finance from existing shareholders, with very promising uptake that will see us funded through next 1.5 years, and we will consider our options during that time.

[cool_hand] 08/6/2016 23:09

VOTE LEAVE

[multiplural] 08/6/2016 22:24

Judging from the turnover it was an incredibly small punt :-)

[steveglobal4] 07/6/2016 21:18

i think the chart is now looking interesting, will have a little further punt here tomm.