Tanfield Share Discussion Threads

[multiplural] 21/6/2018 16:13

Interesting RNS today. It seems that Ahern have been messing with the books at Snorkel trying to lower the EBITDA to zero , and thus buy our 49% of Snorkel on the cheap.
I doubt they will get away with this steal, but even if they do we are , with the minimum price given ($25,3M) talking 12,06p per share in cash. Downside seems solidified at current levels.
I hope some US legal wizzard offers to get into this on a no cure no pay basis, and reveals the possible painting of the books.

[dave224] 21/6/2018 16:10

Multi Today’s Rns what is your thoughts? Stitch up?

[multiplural] 21/6/2018 06:44

It is hard not to expect a solution this year around the ownership of Snorkel. The business is clearly booming, and Ahern must be wanting to own all.

[jam2day] 21/6/2018 06:38

Integration of Snorkel/Extreme moving on

First Snorkel telehandlers:-

[loafingchard] 16/5/2018 17:01

Keep up TJ2

[buywell3] 14/5/2018 15:03

buywell3 - 13 Oct 2016 - 01:09:10 - 1980 of 2273 TANFIELD GROUP -- 2014 - TAN
The chart suggest sub 10p coming again

Needs to get back above 15p to stop that happening

[spudders] 30/4/2018 17:23

Small beer!

[multiplural] 30/4/2018 09:31

Nice to see a director buy for free funds at these levels. Not options this time but market buy.

[eke] 24/4/2018 20:53

Sad ,really sad!They were the first onboard with electric vehicles and should be worthBillions by now...Poor management decisions have cost them the company...Nothing but a "shell" awaiting the final hammer to fall.Not bitter as I bailed-out years ago , just watching with a sad grin ....

[donemyhomework2] 24/4/2018 11:17

I was a shareholder in the past and I keep shares I sold on my radar just in case I made a mistake or unexpected news appear. Neither is the case here.

[multiplural] 24/4/2018 07:58

I don't recall having said we can't see single digit figures. We have seen that before.
What I have stated, and that is supported by facts, is that the shareholder base is able and willing to support the need to cover the running costs. Lastly evidenced by the 250k injected this year.
But again I am curious why you, grabster and dmh are around when you apparently have nothing invested here ?

[grabster] 24/4/2018 07:35

Another meaningless set of results accompanied by a rambling repetitive list of excuses about why they can't predict what happens next, and how nobody should rely on anything they've said might happen. What happens next is that the directors continue to twiddle their thumbs because they are totally powerless to do anything else. Don Ahern holds all the cards. Eventually - if he chooses to continue stringing them along and grinning, they end up being forced to accept a lowball offer from him - and will doubtless tell us it was the best that could be achieved and was in the best interest of the shareholders to accept. Either that, or the company finds itself disqualified from continuing its AIM listing.

Anyone still holding shares could of course continue to listen to the persistent assurances given so dishonestly by multiplural and ignore the likelihood of actually ending up with peanuts.

Meanwhile the share price, I predict, despite any minor shortlived little spikes, will drift to a single digit figure (ie, below 10p) this year.
I also predict that multiplural will attempt to convince people that it won't.
But he's been doing that all along.

[donemyhomework2] 24/4/2018 07:21

So they are issuing more shares after all!!! If I was Ahern and the 49% shareholding didn't even have board representation I would run it and take my profits through management fees .

[multiplural] 24/4/2018 07:00

You forgot to do your homework buddy. They raised 250.000£ in February this year, so add that and you have another couple of years runway.

[donemyhomework2] 24/4/2018 06:25

They had £134k of cash in December and need £12k per month to survive. They spent £50k to April 2018 and have £80k left as we speak enough for 6 to 7 months . Then what ? Another share issue?

[multiplural] 11/4/2018 19:10

Grabster. Why are you here on the board then?

[multiplural] 10/4/2018 20:11

Yes they will

[arthur_lame_stocks] 10/4/2018 19:54

This has to be a stonking sell surely? They're going to run out of cash soon and become forced sellers of that stake in Snorkel. They'll never be able to raise more cash in the market.

[kibtf] 10/4/2018 16:11

Even TANS rns are implying the figures are being manipulated by Ahern. why the sudden cost increase?
Why didn't the BOD do a competent job of giving shareholders basic protections in the shareholders agreement as minority shareholders?. Its legal 101.
Multiplural I think you have been had since once the rights go its totally in Ahern's control and if he can "adjust" earnings from one company to another guess where the one he owns 100% v the own he owns 51% will end up?

[orange1] 10/4/2018 13:25

¨I wonder if Ahern is behind the constant wish from MM's to pressure the price.¨

Oh come on, multi, be serious. You know full well that´s pure gibberish. On many different levels.

[multiplural] 10/4/2018 13:09

Most interesting part of todays info:

As evidenced by the growth in sales on a quarterly basis (2017 vs 2016 quarterly growth Q1: 5%, Q2: 20%, Q3: 32%, Q4: 60%) and annualised growth in 2017 of 27% (2017: $165.8m, 2016: $130.5m), Snorkel continues to improve its market share in targeted regions and has had success selling to some large rental companies which have not purchased Snorkel products for a number of years.

I wonder if Ahern is behind the constant wish from MM's to pressure the price. I am one happy camper picking up shares here.