Tanfield Share Discussion Threads

[multiplural] 24/5/2017 06:59

New products from Snorkel:

[joseph moran] 23/5/2017 22:30

Please remember this is Tanfield you should be talking about.

[the stigologist] 23/5/2017 13:53

Absolutely destroyed cretin steve on the PROX thread

he bought in at 1.20p

went 'all in' at 0.40p

and it's now at 0.20p

[the stigologist] 22/5/2017 07:59

When is news due here ?

[the stigologist] 19/5/2017 15:46

Since Steveglobal pi55ed off this has gone up whilst his new sh!t has collapsed (PROX)

[donemyhomework2] 15/5/2017 12:24

Makes sense!!

[multiplural] 15/5/2017 11:58

Many other , including me, find it worrying. That is why you can buy at these prices imo.

[donemyhomework2] 15/5/2017 11:22

I do find it rather worrying that for an investment of this size there is very little information for the investor to gauge its performance.

[the stigologist] 15/5/2017 11:13

no US equivalent of Companies House?

[multiplural] 15/5/2017 10:43

Yes, US Dollars

[donemyhomework2] 15/5/2017 10:32

Multi hiThanks for that.The sales of 140m is in dollars not £ correct?Still want to see a profit and loss and balance sheet and find it most odd to only have selective comparisons in the results.Half year 2016 refer to increase in sales by 25% compared to first half 2015. Nothing else!!!!Surely they must have actual accounts ?

[multiplural] 15/5/2017 10:04

As I recall the only figures we have seen is a 120M turnover in 2015, and expectation of growth in 2016. From the info last year it sounded as if the turnover would approach 140-150 mill in 2016 and I expect that this is around the level needed for positive results. But it is unbelievable that a co owning 49% of Snorkel is not privvy to more details on the accounting ofSnorkel.
Personally I believe we are in positive territory with Snorkel, and that might be just what Don Ahern have waited for. I guess he will make a move before the option expires in Sept 2018 as he would probably not have total control with the 49% after that.
Even a low bid corresponding to the book value would double the price of Tanfield overnight. Should we hit the Ebitda levels mentioned in the option, which is probably unlikely, we would fetch some 45p per share in cash.

[donemyhomework2] 15/5/2017 08:32

Does anyone have any idea of what profits if any the new company is making? What is their EBITDA?The board refer to increased turnover from earlier years and once referred to some £130m for a break even?Have they disclosed amy figures the last 3 years?

[steveglobal4] 24/4/2017 10:09

I've had enough here, im out, watch it rise now.

proxama all the way now

[steveglobal4] 20/4/2017 21:14

great video, still very nervous now.

[multiplural] 19/4/2017 13:27

Dave, very good find. Again this just confirms to me that Don Ahern will buy us out within short.
I also saw very good figures coming out of Haulotte a couple of days ago. No doubt, the industry is booming.

[dave224] 19/4/2017 13:12

Have a look at this youtube video, can't be too bad Don Ahern Says Snorkel will manufacture about 8,000 machines this year!

[dave224] 18/4/2017 13:21

Tanfield are slacking still havent updated R Griffiths holding

[steveglobal4] 17/4/2017 22:52

Thanks multi, trouble is a double is no good here unless you are heavy into it which brings larger risk too, will watch the trades this week, the bid has been strong at 14p of late which is a good sign,

Proxama where I have some funds could
Double or ten fold quick easily if it gets news it needs which is making me consider my funds here, but prob best to keep money spread around a few stocks.

[the stigologist] 13/4/2017 15:40

worry about your poxy PROX