Tanfield Share Discussion Threads

[multiplural] 16/8/2017 11:14

Huge order in Turkey. I hope we are in for a good update soon on Snorkel.

[jam2day] 03/8/2017 16:27

Stand by for the the holdings rns re OTK Holding A/S
they mirror Zoar accumulation - so between them they will hold +20% of Tanfield
I wonder who they hold for errrrm.

[dave224] 03/8/2017 14:56

So pretty much what I said, see you increased your holding today Multi!

[multiplural] 03/8/2017 14:27

Done, I beg to differ. If we pass the September 2018 date Ahern probably loses his option to buy. If he wishes to be 100% certain to own all of Snorkel, which he does with all other companies in the portfolio, he will buy before Sept 2018. He will obviously try to make a better deal then the minimum in the option arrangement, but hey, there is lots of room from the present price to 44p to negotiate in. Even if he should end up buying at the book value we are still looking at double todays price.

[donemyhomework2] 03/8/2017 14:00

Ahern is content to pass the deal date which is fairly certain and then he can turn the screw and offer a deal attractive to him.

[cool_hand] 03/8/2017 13:34

long time since I looked in, nice to see some recovery in the share price but why the price drop so suddenly?

[dave224] 03/8/2017 13:28

Im still holding here (just about) the problem now is yes of course Ahern intends to buy the other half but not at the deal rate. Think we may be lucky to get double and might have to wait a couple of years for it!

[multiplural] 03/8/2017 13:09

Yes, one should think people don't actually look at the value in the company. Seeing the various positive news around Snorkel I firmly believe Ahern will do what he publicly have stated many times and buy the remaining 49% of Snorkel. But obviously people seem to have lost patience here.

[donemyhomework2] 03/8/2017 12:54

And in the meantime there are daily sales pushing the share price further south.

[orange1] 03/8/2017 08:57

I´ve been waiting for this news for years. Excellent stuff!

[multiplural] 03/8/2017 08:51

Phil James of Banner said: “We recently opened the door to additional manufacturers, and I have been extremely impressed with Snorkel as they are very easy to work with. Linda Betts from Snorkel UK provides us with great service and always delivers on her promises. I have barely seen the new lifts in our fleet as they are all out on hire and our customers love them! I look forward to this being the start of a long and trustworthy relationship.”

[multiplural] 03/8/2017 08:47

Snorkel now also in Bolivia:

[multiplural] 03/8/2017 08:46

Snorkel on the front page of Lift & Access, and very optimistic article on page 20 with quotes from Snorkel CEO.

[pcid] 30/7/2017 12:03

eke I could not agree with you more.

We`ve had a stream of announcements on electrification both by manufacturers (eg Volvo) and the French and UK Governments. The phasing out of ICE (Internal Combustion Engine). Tanfield and Smith as pioneers in this field appear to have lost their investors hundreds of millions...

I have lost a fortune on this and Smith Electric. I do not understand how with the advantages of knowing what went wrong at Tanfield (Electric Trucks) Smith, with its first to market advantage and some $200 M private financing also appears to have failed both at its IPO and its subsequent marketing development. They had hundreds of orders back in 2010 - never mind the potential market now.

It is a failure of management and they "will keep paying themselves until nothing is left" as you say eke

If you look at the wiki entry there is a vast amount of information and over 100 references



When you go to Smith Electric you get

hxxp://www.smithelectric.com

"Account suspended"

Someone is not even paying for the hosting service....

[buywell3] 30/7/2017 10:50

Do these Snorkel products work under water then ?

And do the vertiKal products only work in upright positions ?

[eke] 29/7/2017 20:56

The world is turning to Electric trucks and Tanfield have lost the plot! The management will keep paying themselves until nothing is left ...You need to be blind not to see what's happening here.
When I see an Electric truck on the news I look for the Smith badge but all I see are their once competitors.
Shocking !

[orange1] 20/7/2017 12:57

Cracking news!

[multiplural] 20/7/2017 12:24

Markets are broadened, now with Denmark on board:

[multiplural] 17/7/2017 10:41

European sales keep the pace.

[grabster] 03/7/2017 08:16

He does have a history of recklessly gambling on iffy stocks and coming badly unstuck - as he himself reported.

[orange1] 02/7/2017 20:21

He said he sold out and moved all his money into the even trashier Prox.

[tradejunkie2] 02/7/2017 19:55

steveglobal4, still holding this trash?

[multiplural] 30/6/2017 07:43

Thirty lifts sold in one order in Germany:

and eleven just after in UK



I guess they are growing very nicely and that we don't own any Snorkel at the end of year.

[donemyhomework2] 30/6/2017 07:24

Material uncertainty??

[dave224] 30/6/2017 07:21

Sounds to me like they are gearing us up for an offer