Share Name Share Symbol Market Type Share ISIN Share Description
Tanfield Group Plc 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
  0.15 3.54% 4.39 3.80 4.98 0.00 0.00 - 0.00 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.0 -17.4 -11.0 - 7

Tanfield Share Discussion Threads

Showing 19876 to 19900 of 20075 messages
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DateSubjectAuthorDiscuss
03/8/2017
07:51
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.” http://www.vertikal.net/en/news/story/28591/www.vertikal.net/en/news/story/28569/
multiplural
03/8/2017
07:47
Snorkel now also in Bolivia: http://www.vertikal.net/en/news/story/28591/
multiplural
03/8/2017
07:46
Snorkel on the front page of Lift & Access, and very optimistic article on page 20 with quotes from Snorkel CEO. http://viewer.zmags.com/publication/5b08c32d#/5b08c32d/1
multiplural
30/7/2017
11:03
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 https://en.wikipedia.org/wiki/Smith_Electric_Vehicles When you go to Smith Electric you get hxxp://www.smithelectric.com "Account suspended" Someone is not even paying for the hosting service....
pcid
30/7/2017
09:50
Do these Snorkel products work under water then ? And do the vertiKal products only work in upright positions ?
buywell3
29/7/2017
19:56
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 !
eke
20/7/2017
11:57
Cracking news!
orange1
20/7/2017
11:24
Markets are broadened, now with Denmark on board: http://www.vertikal.net/en/news/story/28494/
multiplural
17/7/2017
09:41
European sales keep the pace. http://www.vertikal.net/en/news/story/28454/
multiplural
03/7/2017
07:16
He does have a history of recklessly gambling on iffy stocks and coming badly unstuck - as he himself reported.
grabster
02/7/2017
19:21
He said he sold out and moved all his money into the even trashier Prox.
orange1
02/7/2017
18:55
steveglobal4, still holding this trash?
tradejunkie2
30/6/2017
06:43
Thirty lifts sold in one order in Germany: http://www.liftandhoist.com/article/thirty-snorkel-electric-boom-lifts-gerken and eleven just after in UK http://www.snorkellifts.co.uk/snorkel-electric-scissor-lifts-p-e-t-hire-fleet/ I guess they are growing very nicely and that we don't own any Snorkel at the end of year.
multiplural
30/6/2017
06:24
Material uncertainty??
donemyhomework2
30/6/2017
06:21
Sounds to me like they are gearing us up for an offer
dave224
30/6/2017
06:17
Even the auditors appear to worry about the value of Snorkel!!
donemyhomework2
02/6/2017
20:48
I'm thinking Ahern may make an offer this being the preferred interest of $50m and the bod will want to accept this just hope sooner rather than later before sterling goes back up!
dave224
02/6/2017
19:46
The last full 12 month period in which Snorkel might generate earnings sufficient to activate the trigger for Ahern's purchase of Tanfield's 49% holding, begins 120 days from now. It sounds as if the Tanfield directors doubt that it will happen - and that there is no plan in place for what happens thereafter! They make the point that the main customer for Snorkel products in the US is Ahern Rentals; Ahern therefore can timetable purchases to fall outside the period of the existing agreement - if it suits him to do so - and Tanfield directors are reminding UK shareholders that there's nowt the Tanfield directors can do about it, except shrug their shoulders and twiddle their thumbs. I imagine however that they will continue to help themselves to a salary payment each month? If (as yesterday's announcement appears to indicate) there is no formal agreement between Tanfield and Ahern regarding what happens next, Ahern is in a position to suggest some new arrangement with Tanfield 16 months from now. I am inclined to presume that whatever deal he suggests might not be one that the Tanfield directors are clever enough to outplay.
grabster
02/6/2017
17:42
Rns, not sure about this one !
spudders
01/6/2017
20:22
LVD Mkt Cap £459m for 'Profit' of £8m !
the stigologist
01/6/2017
20:18
Bottom line for me is that TAN (we) own 49% share of a recovery business with strong growth potential with current revenue of over £100m+ In my book TAN 49% should be valued at least at about 1x sales level and so the see through value to TAN should be 49% of the Sales (£100m+) i.e. £49m+ Lavendon got a takeover offer valuing it at about 2x sales and 2x book value ?
the stigologist
01/6/2017
20:12
A cynical person might run away with the idea that the TAN statement set out to deliberately mislead the gullible and unwary. Surely a pertinent point of information in determining EBITDA is the DA bit (Depreciation and Amortisation) In these sort of businesses the DA is very high. e.g. LVD from a few years ago had Op Profit of c.£40m but EBITDA of c.£80m because the DA was c.£40m on a £200m revenue base
the stigologist
01/6/2017
19:59
So the calculated realisation value of £36 m is at a discount to what Ahern would have to pay (if ebitar gets to 25m) I wonder why
boboty
01/6/2017
19:05
Intriguing. It's almost like they tried to put a negative spin on what is actually a positive situation.
the stigologist
01/6/2017
17:14
Boboty.the 91Musd is derived from the agreement issued back in 2013 when the deal was struck. It comprises of a 50 M USD note that will buy the first 19% of the 49 owned by Tanfield. The remaining 30 percent can be bought by Ahern or sold by Tanfield at a 5.5 times multiple of EBITDA. And if that reaches 25M on a 12 month trailing basis , the price for the remaining 30% would be 5.5X25X30% or 41.25 MUSD. If Ebitda is higher the price will rise accordingly. But remember the buy/sell option is only triggered if the 25M EBITDA is reached. If not reached before sept 2018, we just keep owning 49% of a nicely growing company. I can't imagine Ahern would take the chance and not buy in the period until sept 2018, as after that he is no longer in control. Please note that many of the Snorkel and Xtreme operations are already totally mixed together, and also note that Ahern at many situations have expressed his commitment to buy Snorkel in total. His relationship with Art Moore will further secure this imo.
multiplural
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