Tanfield Share Discussion Threads

[multiplural] 18/3/2017 14:50

I like the CEO from Snorkel's comments to the pics from ConExpo 2017:

Matthew Elvin
Well done to the team and a big thank you to our global customers who made it a massive success.

I can't see how anyone could imagine Ahern not buying the remaining 49%. The co's are interlinked in all aspects, and it is only a question of time when we will get proceeds from the sale of Snorkel imo.

[jam2day] 18/3/2017 14:15

Historically Richard Griffins sells are inline with Zoar / OTK increase rns

Impressive displays

Snorkel, and sister company, Xtreme Manufacturing enjoyed our most successful trade show to date at CON-EXPO/CON-AGG 2017. Thank you to everyone who took the time to visit our booth and learn more about our products. Check out our photo highlights from the show.

[dave224] 16/3/2017 10:51

Yeah maybe

[billy18] 16/3/2017 10:06

probably to offset profits and losses before april.

someone was buying so good opportunity....he can buy back later if he wishes

[dave224] 16/3/2017 09:56

Richard Griffins, What a strange time to be selling, why would you hold for all these years and sell now when you can see how well Snorkel is doing

[oliversanvil] 14/3/2017 08:28

The Board has recently been reminded of the express intention of the 51% shareholder in Snorkel to acquire the 49% owned by Tanfield at some point in the future !

[dave224] 13/3/2017 11:49

Placement shares if thats the case we would see directors selling as they bought the shares?

[steveglobal4] 13/3/2017 09:33

guessing its the 14p placement shares getting sold,

and multi lapping them up.

maybe it now on the seller

[jam2day] 10/3/2017 16:17

Zoar / OTK still stake building ? I wonder if they would be buying under instruction latest disclosure has them 18% between both.

[dave224] 10/3/2017 11:54

Come on Don do the right thing the exchange rate is ideal we can cut a deal!

[dave224] 10/3/2017 09:56

They must be short on shares will take 250k off me in one go

[orange1] 10/3/2017 09:42

You'd be surprised, very surprised.

[gbenson1] 10/3/2017 09:38

I guess it matters if their sells or buys, thought if you were BIG in the city, you wouldn't be posting on an ADVFN BB lol.

[orange1] 10/3/2017 09:23

>gbenson1

Just for you I have changed the trade sizes to 50k. It really doesn't matter.

[gbenson1] 10/3/2017 08:28

25k trades are back, love the way they split 2 of the trades to try and disguise them lol.

[steveglobal4] 09/3/2017 23:44

everyone you speak to in construction is flat out, and I mean flat out, like never before flat out.

if only i had multis money I would be buying more and more here,

[jam2day] 09/3/2017 18:53

Todays valuation will be well north of the 27p quoted below just with exchange rate alone not to mention the last 12 months growth.
Ahern has integrated snorkel with Extreme and will not wait much longer before taking 100% ownership as the 49% of Snorkel,s value increases monthly

From RNS Number : 2665C Tanfield Group PLC 27 June 2016 Valuation of Snorkel holding

The Board of Tanfield has taken a view of the carrying value of its 49% holding and its preferred interest holding (Loan note) that takes account of risks in the industrial global markets and the normal cycles that operate within these markets. The range of potential valuation can be broad. The valuation has, to an extent, a time driven element. The agreement for the valuation formula to be triggered is over a five year period. At the end of 2015 there were just under three years left to run on this aspect of the agreement. If the formula is not triggered within the 5 year time frame Tanfield will still retain 49% of the equity. The decision has been made to maintain its valuation of GBP36.3m ($60.1m, being $43.1m equity holding and $17.0m preferred interest holding). This valuation has been assessed against a number of criteria using discounted cash flows in relation to the sale and purchase agreement and its valuation formula:

-- Level of investment in working capital.
-- Capital investment.
-- Production capacity.
-- Order Book.
-- Market conditions.
-- Historical capability of the business to ramp up output.
The valuation has not been adjusted for foreign currency fluctuations due to the uncertain nature of future foreign currency markets. Based on the exchange rate at 31 December 2015, the $60.1m valuation would convert to GBP40.7m and based on the exchange rate at 1 June 2016, it would convert to GBP41.6m. This represents approximately 27p per share.

[dave224] 09/3/2017 15:52

Something's going on here, a little bit worried about a hostile takeover or something which would see us getting current market value hope management are watching to suspend if needed.

[steveglobal4] 09/3/2017 15:43

jam2day
9 Mar '17 - 10:19 - 2146 of 2147 0 0

As far as I am aware the deal is done. It's just the timing Unless major shareholders want to give it away

wow, I missed your post, at last, do you know when it will it be announced

[steveglobal4] 09/3/2017 15:40

multi was chatting on another forum page held by the same company on a percentage holding cannot remember which company but you can search on here where he has been chatting and then checking holdings info. this was the only link to consider if he was connected or owns any of the companys above, it doesn't actual mean its him, but I have certainly considered this. please buy some more if you wish, all good in my eyes.

surprised we are still 14p after all this volume,

seem a lot of mentions of tanfield of late on the snorkel fb page in the comments and snorkel keep deleting the comments, so maybe we are nearly there and the comments and questions could be getting deleted if sensitive at this time.

only time will tell how long left before adhern owns snorkel,

[jam2day] 09/3/2017 10:19

As far as I am aware the deal is done. It's just the timing Unless major shareholders want to give it away

[theklf] 09/3/2017 10:05

If they have over 10% could they block a deal with Ahern ?
At the very least it buys them a cheap seat at the negotiating table from which I'm sure they could extract a very decent turn.

[dave224] 09/3/2017 10:01

I sure someone on here mentioned Multi having some involvement in them but i could be wrong

[gbenson1] 09/3/2017 09:30

Thanks Jam2day, hope their not 'connected' or else they have a large % between them.

[jam2day] 09/3/2017 09:26

OTK and Zoar both Danish companies work in tandem both now have 9% holdings