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 Shares Traded Last Trade
  0.00 0.0% 1.84 5,034 12:02:15
Bid Price Offer Price High Price Low Price Open Price
1.50 2.18 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering -17.38 -10.99 3
Last Trade Time Trade Type Trade Size Trade Price Currency
10:23:14 O 5,000 2.10 GBX

Tanfield (TAN) Latest News

More Tanfield News
Tanfield Takeover Rumours

Tanfield (TAN) Discussions and Chat

Tanfield Forums and Chat

Date Time Title Posts
28/2/202011:15TANFIELD GROUP -- 20142,385
01/6/201721:22The Tanfield Group Plc2,222
22/2/201612:3414.5p premium placing to current sp-
27/11/201514:54mt glass and his qpp posts.11
21/8/201408:06TANFIELD CHARTS ONLY481

Add a New Thread

Tanfield (TAN) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Tanfield trades in real-time

Tanfield (TAN) Top Chat Posts

Tanfield Daily Update: Tanfield Group Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker TAN. The last closing price for Tanfield was 1.84p.
Tanfield Group Plc has a 4 week average price of 1.40p and a 12 week average price of 1.20p.
The 1 year high share price is 7.45p while the 1 year low share price is currently 1.20p.
There are currently 158,406,850 shares in issue and the average daily traded volume is 8,327 shares. The market capitalisation of Tanfield Group Plc is £2,914,686.04.
orange1: Absolutely. The only reason the share price of this reputable company languisse at 5.5p is because of the dirty work of shorters.
grabster: And now - as reality dawns - it turns nasty: "Charles Brooks, the former Chief Financial Officer of Tanfield Group Plc who had significant input in to the key documents pertaining to the joint venture between Tanfield and Xtreme and whose employment transferred following the joint venture and who is now the Chief Financial Officer at both Snorkel and Xtreme, has made assertions that directly contradict the Board's understanding and belief as to the intent and meaning of the agreements that were entered in to." "The assertions made by Mr Brooks, is that the preferred interest position, described in the excerpt from the circular below as being "$50,000,000 (which may be subject to adjustment)" is only applicable until 30 September 2018, after which date the value will be nil." hTTp://
grabster: Well well well. The Snorkel holding is now considered to possibly justify a share price of only 12p - that's a whopping 47.6% downgrade from the 22.9p declared a mere 3 months ago. Any more downward adjustments to come? Staunch ramper Multiplural, who has previously rubbished my observations and shamelessly issued reassurances galore, has already conceded that the share price might drop into single digit pence. Anyone still clinging to a holding in the hope of some positive outcome and taking comfort from Multiplural's guidance is going to lose even more money - and is missing out on better investment growth elsewhere. Is there seriously anyone still holding?? Directors presumably will continue pocketing a monthly paycheque regardless - I haven't heard them volunteer to share investors' pain by suspending their remunerations till the Snorkel proceeds arrive.
grabster: 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.
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.
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.
17:21 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.
Tanfield share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200329 06:24:46