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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
  +0.05p +0.83% 6.05p 5.70p 6.40p - - - 5,367 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.0 -0.1 -0.1 - 9.58

Tanfield Share Discussion Threads

Showing 19926 to 19946 of 20050 messages
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Very interesting articles in latest issue of ALH magazine. Both with Don Ahern and with the CEO of Snorkel talking about the rising market share. Gives indication of a very good result from Snorkel. And in my opinion just underlines that Don Ahern will buy the 49% owned by Tanfield this year where the option expires. See links at Snorkels facebook and linkedin pages:
well spotted Probably of nil relevance to what remains of Tanfield, but interesting to us followers of EVs and the Smith story ;-)
Did anybody else pick up on this: - hxxp:// It would seem that they were formed from the ashes of Smith? Smith Electric Vehicles What’s Changed at Chanje? Ryder August 15, 2017 in Companies, delivery vehicles, Electric Drive, EVs, New Products by Rich Piellisch | No Comments ‘A Commercial All-Electric Truck Available at Mass Scale In the U.S. Market, a First for the Industry,’ Says Company, Which Now Has Ryder System as Sales and Maintenance Partner Los Angeles-based Chanje Energy has announced its all-new V8070 as “a commercial all-electric truck available at mass scale in the U.S. market, a first for the industry.” Chanje, born of the defunct Smith Electric Vehicles and the short-lived Nohm, gains credence by partnering via a sales/leasing and maintenance partnership with Ryder System (F&F, August 15).
I think there is hope for Smith. However I doubt that there will be any value left for Tanfield in that case. So don't count that in, but just trust our fast growing Snorkel to eventually give back something to shareholders above todays level.
Any possibility to reopen Smith EV? I started to follow just yesterday.
Finance for taking out won’t be cheaper and the dollar strength is favourable. Why does Tanfield carry on in its present state? Perhaps loss of face in having to take a low offer rather than draw a line under the whole episode?
semper vigilans
multi - I can't see Ahern wanting that as an option - I think this whole exercise has been one in which he foresaw being able to get the 49% at a better price when the current arrangement expires and he has the majority vote on what next. And it certainly wouldn't be worth Tanfield's while to remain listed indefinitely with no other income. - making a delisting even more likely. As for the suggestion that Ahern might actually pay MORE than the £36m when he holds so many cards, I can almost hear him laughing from here.
multi - the manner in which Tanfield have worded their statement today (and previous) suggests they don't share your optimism, and are making sure they have a backstop statement in place that allows them to excuse themselves from blame when Ahern does take the 49% at something less than Tanfield shareholders have been led to expect. There is certainly no reason for investors to regard Tanfield as having any longterm prospects. As a non-productive holdings company that is nursing just one holding, which will at some stage not be theirs any longer, they are likely to delist and fold as soon as any proceeds are available for distribution. (Unless of course they go back on the distribution promise and invest the proceeds in some other venture). Depending when the denouement actually takes place, it remains possible that, faced with a negative market reaction that damages the share price, they might take the company private before the Snorkel sale instead of after. Shareholders have been shafted before now by AIM companies taking dodgy exit routes. Including companies loosely related to Tanfield.
Or they can keep owning a 49% stake in a profitable fast growing company.
Lets get real. The trigger event wont happen and after September 2018 they can offer what they want and Tanfield BOD will have very little option but to accept it if they decide to make an offer that is.
You are wrong in assuming that Ahern can buy the rest of Snorkel for 36M now via the agreement. The 36M is what the 49% is booked at. Should the trigger event happen, which is highly unlikely, the full price would be well over 40p per share. Apart from this , it is obviously highly unsatisfactory that Tanfield don't have full insight in Snorkels economy. With Snorkel doing very well, and with Ahern's rental business doing extremely well, I still find it likely that we will see a buy offer from Ahern at a minumum price around the book value.
Have they said anything new?
did teslar buy the smiths truck factory in California on the cheep
Ahern Canada now open: See the text to the picture from the website " Ahern (centre) the current owner of Snorkel .." they seem to forget he only owns 51%
Somehow i dont think so.
Snorkel looking like to complete anytime soon at 31p ?
This still going? Could have made it with the battery tech but now a duck of a company.
I love this interview piece from 2014 with Ahern : RM: If you look at Snorkel, it was on its own, then it was purchased by the Tanfield Group. Recently it seemed like the resources weren’t available to get the company to the next level. Ahern: Snorkel was nearly out of cash. We bought Snorkel by bringing in excess of $35 million in credit to the company. It was simply a trade of 51 percent of the company for bringing the capital to the business. In addition to the capital was a note for as much as $50 million. Tanfield Group will get its money for the other 49 percent of Snorkel when I buy it, plus the note. They are doing a fabulous job of supporting this organization to this day. They are doing everything they can to make this a winning proposition and they should be out of the company within three years.
Strange that - one would have thought that market would have been covered by "Extreme" Another sign that he is incorporating both names?
Snorkels first ever telehandler shortlisted for Product Innovation Award :
hTTps:// BSS is a subsidiary of UK nationwide builders merchant Travis Perkins. UK-based BSS Industrial has added to its fleet with 30 Snorkel S3010P push-around scissor lifts. The units deliver a working height of up to 5m, can lift up to 240kg and weigh 370kg. BSS Industrial is a specialist division of Travis Perkins and operates rental desks at each of its 60 branches across the UK. It became part of the contract merchanting division of Travis Perkins in 2010. Following the order, Steve Day, divisional hire director – contracting merchanting division, said, “Low level access is a new product line for BSS. It was Linda Betts at Snorkel UK who introduced us to the Snorkel S3010P. “The compact size and low weight of the Snorkel S3010P suits our customer base extremely well, and is very easy to operate and maintain. We were very impressed with the demonstration of the lift and it performed well during our trial.” Day added that the units were now deployed across its depots, and refused to rule out purchasing more models from Snorkel in the future. Meanwhile, Andrew Fishburn, managing director, Snorkel UK, said, “The Snorkel S3010P is particularly well-suited to businesses like BSS Industrial, who are hiring equipment to their trade customers from their depots. “The products are both easy to operate, and easy to service and maintain, ensuring a good return on investment.”
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