Share Name Share Symbol Market Type Share ISIN Share Description
Tanfield Group LSE:TAN London Ordinary Share GB00B4QHFM95 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8.075p 7.30p 8.85p - - - 0 08:39:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.0 -0.1 -0.1 - 12.79

Tanfield Share Discussion Threads

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DateSubjectAuthorDiscuss
05/12/2016
23:32
smith is worthless so best forget about it. i very much doubt and hope tanfield would put any further monies in smith, i guess everyone wants out altogether and are waiting for a adhern offer.
steveglobal4
05/12/2016
22:34
The topic may be old but the financial update of penalties seems new.
grabster
04/12/2016
21:17
This only underlines that it will be a pleasant surprise if we ever see any value from it. The topic of the article is, as you obviously are aware, old news.
multiplural
04/12/2016
17:56
- that's if they ever get beyond paying off fines and penalties: PORT MORRIS — An electric car company in the South Bronx short-circuited when it declared bankruptcy and owes the city more than $400,000, according to a recent lawsuit. Smith Electric Vehicles Corp. entered into a contract with the city's Industrial Development Agency—part of the Economic Development Corporation—on Aug. 1, 2012 to renovate a 90,000-square-foot building and two 5,000-square-foot vacant lots at 275-295 Locust Ave., which the company was supposed to turn into a facility to design, make, sell and repair electric vehicles, the lawsuit says. The company filed for bankruptcy in October 2012, roughly two months after entering into its contract with the city, according to court documents. The IDA claims it went through all the proper financial reviews of the Kansas-based company before signing the nearly half-million-dollar deal and found the company financially sound, Stephanie Baez, an EDC spokeswoman said. Smith was required to complete the project by Jan. 31, 2014. But when a project manager from the EDC visited the facility on IDA’s behalf on Oct. 31, 2013, he found that no construction appeared to have taken place and no workers were present, according to court documents. “A security guard confirmed that the facility was empty inside and that he had rarely seen anyone at the facility,” city lawyers claim in the suit. The IDA tried to get in touch with Smith Electric Vehicles four times between October 2013 and January 2014, but the company never responded, according to court records. The city then sent the company a letter on Feb. 12, 2014, noting that they had defaulted on their lease and owed the city about $150,000 as of Feb. 1, the suit claims. Interest on that amount has continued to accrue since then, and Smith Electric Vehicles now owes the city more than $400,000, according to court papers. The site where the electric car facility was supposed to be has since been turned into the third New York studio for Silvercup Studios, a company that has worked on movies including “When Harry Met Sally” and television shows including “The Sopranos.” Smith Electric Vehicles did not respond to a request for comment, and the New York City Law Department declined to comment on the suit. (www.dnainfo.com) 2 Dec 2016
grabster
02/12/2016
15:00
It is my understanding that Smith , unbelievable, is still alive and breathing. So the chances that our holding actually have some decimated value exists. And as it has been writtn down to zero, it can only be a pleasant surprise if it ever materializes.
multiplural
02/12/2016
10:55
All to late I fear for (Tanfield) Smith - but what a wasted opportunity http://www.bbc.co.uk/news/science-environment-38170794 "Four major cities move to ban diesel vehicles by 2025 The diesel ban is hugely significant." "Carmakers will look at this decision and know it's just a matter of time before other city mayors follow suit."
jam2day
02/12/2016
10:14
Snorkel attracts leaders from competition: http://www.vertikal.net/en/news/story/26990/ Chief executive Matthew Elvin said, “We welcome John to the Snorkel team. He is a high calibre leader with a successful track record and an unparalleled knowledge of both manufacturing processes and the mobile construction equipment industry. John has the ability to implement manufacturing and operational strategies that will deliver a consistently high quality product that meets the expectations of our expanding global customer base.” “While John is ultimately responsible for our UK manufacturing facility, his expertise will be extremely beneficial in driving continued improvements across our manufacturing facilities globally and preparing the business for further growth.” Gill added: “I really believe that this role is a perfect fit. Snorkel is in a significant growth phase and there is a genuine focus on continuous improvement across all facets of the business. With my experience, I feel confident that I can help the UK manufacturing facility, and the wider business, to move to the next level in delivering high quality, cost-effective products that are safe, reliable and innovative to our customer base when they need them
multiplural
02/12/2016
09:08
I wouldn't be surprised if adhern now has the money hedged for the 49 percent, something has moved the volume up the last few days. And pound is starting To look like its recovering I guess if the funds has now been hedged for this reason (I have no idea) surely it should be declared as someone must know and if it has been done and it's leaked it would have to be rns ed.
steveglobal4
01/12/2016
04:57
3 million trades, why??
steveglobal4
30/11/2016
13:40
market always knows and TAN has never been able to keep a secret. this will move but not until it's ready. when will that be and what will it be worht? I have no f*ing idea!
cool_hand
30/11/2016
12:53
Multi, Reading back on some old posts, where did you read the info about 1 months ebitda could trigger the deal i read 12 month tailing ebitda?
dave224
30/11/2016
07:54
"As for Grabsters remarks why so few see this opportunity I think the company is simply not on the radar anywhere " Yes, this is a special situation that many PIs and even major investors will ignore. One of my earlier holdings, Pilkingtons Tiles, sold the business and was left as a shell with town centre development land to sell worth an estimated £15M+. Despite the forecast gain the market cap remained more or less the same at £7M. They kept just one per one person managing it up to sale. Only at the end did the share price rise to the correct level. They eventually sold at or above the estimate. There was of course a risk even at £7M market cap, but the balance was heavily skewed to the reward side. Anyone who had followed the company would have seen there was no need to puff the estimated sale value, quite the opposite. So the market can indeed miss good opportunities. It is far from perfect, thank goodness.
puffintickler
29/11/2016
16:59
Anyone know where in the circular its says what happens after 5 years, sure i read it just stays a 49%/51% holding each but can't seem to find it?
dave224
17/11/2016
20:41
Multi, I see your share holding has been updated on the Tanfield website already and it looks like the directors didn't sell out their conversion of debt to shares as per others thoughts.
dave224
17/11/2016
16:36
I agree that we have no certainty that the trigger point will be met. That could turn out to be a blessing in disguise as we would then own 49% of a company that could fetch an even higher price than agreed upon in the option agreement. I would be surprised if Ahern would not want to own all of the company whether the trigger point is met or not, and that is my reason to stay around. I find it hard to see how we would not receive at least the very conservative value we carry it to in the books. As for Grabsters remarks why so few see this opportunity I think the company is simply not on the radar anywhere as it is not followed by any analysts. And most people familiar with the company have had enough over the years and will never buy in again. That is why it apparently is so easy to accumulate rather nice positions at levels far below true value imo.
multiplural
17/11/2016
15:14
> grabster Because as multiplural himself concedes the situation is as clear as mud. We don´t have any accounts for Snorkel and have no idea whether the conditions for a trigger of the purchase or sale of Tanfield´s holding in Snorkel will ever be met. The trigger to buy/sell shares in Snorkel is EBITDA of at least US $25 million for any prior 12 month period within 5 years of completion of the Tanfield/Ahern deal. Who is to say whether or not this will ever be the case?
orange1
17/11/2016
14:32
I don't think this being held down just think there are so many bargains out there, its a case or which one do you choose and which one will blow 1st and I thought this would have blown a while ago with a offer from Ahern! Also been in this share such a long time am a bit sentimental.
dave224
17/11/2016
14:11
So how come - if the prospect is so obvious - it's obvious only to the 2 or 3 enthusiasts on this discussion board, and not to all the other investors in stockmarketland who can usually be trusted to pile into golden opportunities? (I guess someone is sure to claim i'ts being manipulated by evil marketmakers, keeping the price down for their mates, or one of those other feeble conspiracy arguments that get wheeled out whenever a price fails to soar)
grabster
17/11/2016
07:40
I agree, things are only going to get better not worse imo
dave224
16/11/2016
22:37
Dave, I am as confident as ever. We are not getting below book value for Snorkel, or some 28p. Even at that price it will be a steal for Mr. Ahern. If the infrastructure buildup accelerates when Trump takes over , Snorkel will go ballistic and we will regret if we sell out too soon imo.
multiplural
16/11/2016
19:14
good post dave, thats a huge customer
steveglobal4
16/11/2016
19:13
one of them at least multi
steveglobal4
16/11/2016
19:13
hxxp://m.rermag.com/international-news/france-s-acces-industrie-acquires-60-snorkel-scissorlifts
dave224
16/11/2016
18:47
Multi, you must be very confident!
dave224
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