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
  -0.35p -2.86% 11.90p 11.30p 12.50p 12.00p 12.00p 12.00p 58,000 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.0 -0.2 -0.2 - 18.29

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Date Time Title Posts
22/2/201814:41TANFIELD GROUP -- 20142,249
01/6/201720:22The Tanfield Group Plc2,222
22/2/201612:3414.5p premium placing to current sp-
27/11/201514:54mt glass and his qpp posts.11
21/8/201407:06TANFIELD CHARTS ONLY481

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Tanfield (TAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-23 15:28:5612.008,000960.00AT
2018-02-23 15:28:3512.0050,0006,000.00AT
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Tanfield (TAN) Top Chat Posts

Tanfield Daily Update: Tanfield Group is listed in the Industrial Engineering sector of the London Stock Exchange with ticker TAN. The last closing price for Tanfield was 12.25p.
Tanfield Group has a 4 week average price of 11.70p and a 12 week average price of 11.70p.
The 1 year high share price is 16.75p while the 1 year low share price is currently 11.70p.
There are currently 153,712,693 shares in issue and the average daily traded volume is 46,702 shares. The market capitalisation of Tanfield Group is £18,291,810.47.
grabster: 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.
dave224: I think $80m would be a fair offer now for both parties this would give an average of 3 x current share price!
orange1: Easy. Back in April we were told that Snorkel was loss making and that conditions were tough: "Tanfield estimated Snorkel should achieve sales in 2015 of around $120 million, approximately 30% higher than 2014, which would see the business making a smaller operating loss compared to previous years. Since the disposal of Snorkel in October 2013, over $70 million has been invested in the Snorkel business by the current owner, which has enabled a significant proportion of the funds to be used to improve the working capital of the business. The Board takes comfort from this as it feels it confirms the commitment and aspirations of the current owners in making the business a success. From discussions with Snorkel, the Directors believe that coming in to 2016 the business continues to make progress but that market conditions remain tough. It is expected that 2016 will see modest growth but that it will be at a slower rate compared to 2015. This is also the sentiment in the wider AWP sector meaning that a lower level of expansion is expected to be the outcome for 2016 when compared to recent years. This has been caused largely by a slowing of the fleet replacement cycle as a result of the low sales volumes in 2009, the peak of the recession, which is now impacting on the normal replacement cycles as there is a lower level of product that needs to be replaced. It is hoped that there will be a positive correction to this during 2017." The trigger to buy/sell shares in Snorkel is EBITDA of at least US $25million for any prior 12 month period within 5 years of completion. The way I read things Snorkel are currently a long way from EBITDA of at least US $25million. The Tanfield share price confirms this.
16:21 Multiplural -- in view of all the positives you detail in your Post 821 -- and your apparent dismissal of this latest news -- do you envisage the TAN share price remaining relatively stable on Monday?
cool_hand: The TAN share price never fails to disappoint.
steveglobal4: No leak, multi share with us that smith share holders have been informed of possible money raiser for smiths, we will get an update valuation for our holding, which means we should get a like for like tan share price value or more with snorkel too, no loss company to price in, this is excellent news
cool_hand: I don't have a clue what is going on here? How has the share price held up with so many sells going through? wishful: your comment about Smith 's IPO in the New Year at a lower valuation: they were offered a lower valuation a year ago September which they could of gone with (which I wish they had because at least the TAN share price would not of been quite so heavily trashed). They said they aimed to be break-even by Q413 but we've not heard a whisper out of the company. It is very difficult to find any new information about SEV; I think you have to conclude they either don't have to much to say or they like to hold their cards closely to their chest.
wishful_thinking: Davius - 02 Sep 2013 - 13:40 - 14144 of 14147. I doubt they'd go for an IPO at $10 if they pulled it when the numbers were higher.Do you know for a fact the numbers were higher when it was "pulled" or are you going on the reliable word of either set of BoD? Was it pulled or did it fail...there is an obvious difference and I've often wondered. There was a lot of hype at the time which as we know drove the TAN share price up significantly as Snorkel was doing nothing during that period. If anyone truly believes that an IPO now will do better than when "it was pulled" they should go all in as they stand to be very rich but if that was likely the price would already reflect that. IMO Smith had one chance for a big IPO but that's now gone and the next IPO (which i believe will raise a lot less) will be at a much lower valuation but as it raises less money the dilution won't be significant. They'll then either have a further placing in a year or so hoping it will be a higher valuation by then or I think more than likely a dual listing and a NASDAQ IPO. I'm very pro Smith and think in time they'll have a successful business but being realistic they're not going to achieve at IPO now a $500m to $1.25b valuation which I think is the range most hoped for last time round.
donemyhomework2: Wishful thinking,So we agree they have the valuation they do!!!Still don't understand how the new owner will get this to make profits and how much time and money is required. Surely this will come off any overall consideration.What is now becoming a certainty is that they need yet another placing to survive.And if someone offers them say £10m but they need £10m to pay all creditors and the professionals acting for them how will this help the TAN share price?
wishful_thinking: The current TAN share price has no value on it for smiths. Current investors have put in too much for it to disappear when the opportunities are so great. IMO any funding that gets put in place is likely to give an additional 15-20p minimum on the share price. I'm not as optimistic as some thinking we could see 60p but I think with a Snorkel sale as well we could get to around 50p. I don't think either will happen in the next few weeks though so it will be interesting to see what the share price does in the next couple of months if there's any firm rumours start to leak.
Tanfield share price data is direct from the London Stock Exchange
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