Tanfield Share Discussion Threads

[orange1] 10/4/2018 12:05

Multi,

Everyone on this board shares your unbridled enthousiasm and will, like you, be delighted by today´s results.

If I may, I would like to mention two bits of excellent news which you forgot to highlight:

1. Full year sales for 2017 were $165.8m resulting in a profit, excluding depreciation, of $1.6m.

2. The Board is currently of the opinion that the investment in Snorkel will result in a return to shareholders in the future. However, the Board believes this will not materialise until after 30 September 2018, when the outcome becomes uncertain and could therefore be less than the current carrying value.

Er, hang on .......

[multiplural] 10/4/2018 10:09

Snorkel is doing even better than I had expected. Funny to see how MM's push the price down. Owning 49% of Snorkel is not bad at all. Super growth figures.

[tradejunkie2] 01/3/2018 21:11

May as well burn the share certificate keep yer warm lol

[grabster] 26/2/2018 17:49

- and another in Post 2251 - dribbling on various threads.

[tradejunkie2] 26/2/2018 16:22

Huge bell end on the chart.

[tradejunkie2] 22/2/2018 14:41

multiplural, hello bud thanks for the red tick down

[spudders] 22/2/2018 14:39

On going running costs ? Bod wages I assume

[tradejunkie2] 22/2/2018 13:02

Do people still trade this?

[multiplural] 14/2/2018 13:42

I think so yes. And nice to see the entire indutry doing extremely well at the same time Snorkel claims to take market share. I saw Haulotte Group came out very bullish today.

[vg2208] 14/2/2018 13:25

Presumably if the option to buy expires. Tanfield is free to negotiate with any other company that wishes to buy the 49%.

[vg2208] 14/2/2018 13:25

double post

[multiplural] 13/2/2018 11:12

It is rather significant to see the CEO talk about 20% growth this year.

[tradejunkie2] 10/2/2018 17:33

Yawn l shat myself in my pants snoring to that

[grabster] 09/1/2018 11:08

well spotted

Probably of nil relevance to what remains of Tanfield, but interesting to us followers of EVs and the Smith story ;-)

[jam2day] 08/1/2018 17:23

Did anybody else pick up on this:
-
hxxp://www.fleetsandfuels.com/fuels/evs/2017/08/ryder-embraces-chanje-makes-it-three-evs/

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).

[multiplural] 21/11/2017 23:02

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.

[swisslog] 21/11/2017 22:55

Any possibility to reopen Smith EV? I started to follow just yesterday.

[semper vigilans] 20/11/2017 13:50

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?

[grabster] 20/11/2017 13:43

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.

[grabster] 20/11/2017 13:08

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.

[multiplural] 20/11/2017 12:57

Or they can keep owning a 49% stake in a profitable fast growing company.

[donemyhomework2] 20/11/2017 12:28

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.