We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So the Tanfield board are short of cash to pay their salaries, just about the only cost this company has other than listing/broker fees now. How should they raise the money to pay themselves? By giving themselves discounted share options and turning their loans into discounted shares... same old story at Tanfield! What is left for the real shareholders here... around 5% of Smiths who have only just been saved from bankruptcy. This shareholding will be diluted more and more with no possible return to TAN shareholders. IMO This business has always been worthless and everyone knows it. Does anyone know if they are even building vehicles anymore? the 49% shareholding in Snorkel. No real information available on this from what I can find out but the UK company posted a £5m loss for 2014 and the general announcements from their bigger/more efficient competitors seem to show a general contraction in sales of around 15-20% in Europe. Does anyone know what happens with regard to the Ahern option if Snorkel doesn't meet its $20m, or so, EBITDA target by 2018?
Application has been made for the admission to AIM of 600,000 new ordinary shares of 5p each in the Company following the exercise of 200,000 options at 5p by Management Services Cambridge Limited, a Company wholly owned by Jon Pither, the Chairman of the Company and the exercise of 400,000 options at 5p by Penshaw Consultancy Limited, a Company wholly owned by Daryn Robinson, the Company Secretary.
Is noone on this board anymore? From what I hear snorkel doing well etc this could double this year!
How much is the Snorkel deal worth $100,000,000?
Not sure I'm right?
Well spotted.
I think its just a correction of voting rights probably getting ready for Snorkel purchase
So where is the ticket? indicating a purchase today of 2.4m plus.
I used to work for Smith and i honestly cant believe its stayed around for so long, this was always coming, i hope the Smith employees dont get shafted like the shareholders have been!
Yes doesn't look good - not holding now but the share price looks like it is going to be hammered today - hope I am wrong for current shareholders gla
Curtains ahead
I would say its more gone down than up. LOL
going bananas today without any noticeable news
Will be interesting to see what accounts Snorkel UK file with Tanfield claiming the Snorkel valuation should be unchanged. If the Tanfield directors are telling the truth we should see a significant improvement in performance. Does anyone know the answer to this question? if Mr Ahern is buying the product via Ahern what is to stop him from paying Snorkel under market value prices to ensure he makes the profit outside the Snorkel business and minimise the consideration payable to Tanfield? IMO - Based on past director performance - NOTHING!
IMO.. A dog losing a fortune teaming up with a dog losing a fortune - this will never be profitable, just look at how much Smiths have spent in the last 5 years with no return! Every vehicle Smith sells is at a loss so the business model isn't sustainable until mass volumes are manufactured, at which point you will see the large vehicle manufacturers enter the market and Smiths will disappear into a cloud of smoke. Lots of hot air but no real long term value! Current Smith shareholders trying to list on a US exchange for years so they can offload their holding. Would have already gone under but for US administration trying to save face on the back of their 'support' --- still, lets watch the losses being posted year on year and see what happens!
TAN seems to be finding support these days, presumably on the back of the SEV JV announcement and the prospect of SEV's IPO. Does anybody considerably cleverer than me have any idea how the JV and potential IPO affects the TAN balance sheet?
Should be over 40p with Snorkel sale probably imminent
No idea. Anything to do with Smith EV in the US?
Seems like folk mare getting excited here. Can anyone throw any light on the Sp movement?
Sound the sirens, there's a mini breakout taking place. Trading at 21p
So when are we going to see the actual transaction then? Oh, the transparency of markets!!!
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12238043.html
done at 16.5p. Hopefully the price will create a solid floor.
So much for this - will keep on watchlist but sentiment not here... yet...