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We can speculate till the second announcement. Then we'll know for sure. My suspicion is that it will be a favourable announcement. All we can be sure of is that post this raising SEVUS will be an exciting company to have a stake in.
What in your view is correct value of this share once the IPO comes about? Thanks
Almost certainly dilution… we should get some new assembly plants confirmed though so this is great news… making good progress.
$53 million. Anyone have any intelligence on whether this dilutes Tan's holding in SEVUS or is TAN putting up cash too to keep its percentage holding unchanged. And what price the placing?
http://www.investegate.co.uk/Article.aspx?id=201103071218384553C
big placing in SEVUS
http://www.scientificamerican.com/article.cfm?id=how-national-security-depends-on-better-batteries
Nothing specific to SEV but interesting current thinking in the USA http://www.bizjournals.com/phoenix/news/2011/03/03/Businesses-tired-of-oil-shocks.html
Noticed this SEC filing - some kind of potential fund raising? Notice of Exempt Offering of Securities http://www.sec.gov/Archives/edgar/data/1455900/000145590011000001/xslFormDX01/primary_doc.xml
i reckon it is because modec ( a rival electric vehicule manufacturer based in coventry) went pop on friday according to the press)
Steve Ball ditched some (or all) shares… now below 3%. Maybe just taking quick profit on what he bought last month.
Interesting start to the week now 40.50p and on good volume 225 000. Has something leaked?
Good times indeed!!Good news,nice work!!
Good times ahead, thanks to jonny on iii, http://www.fouryearsgo.org/2011/03/04/feature/smith-electric-vehicles-4-year-goal/ This is confirmed by Fiscus on iii, http://www.tableoftwenty.com/Table_of_Twenty/Welcome.html http://www.electrificationcoalition.org/index.php IPO looking good......
I see the knockers are back spewing out their venom at Darren Kell. These abusive posters clearly do not appreciate just how DK and his team successfully managed the TAN Group businesses in "hunkered down" mode through the most severe recession for generations. Yes, TAN were fortunate to enter the recession with adequate cash in the bank and no debts with RS & DK taking appropriate action very early on to ensure this piggy-bank was used wisely. TAN still has cash in the bank which continues to grow from the $500,000 being received each month from Smith US Corp. (And hopefully a few bob from an improving AWP business) At no time were TAN at risk from being put into administration as one scurrilous poster claims; and they have not been investigated as claimed by another person. I agree with MYO that mistakes were made, none less so than the ill timed and over priced purchase of Snorkel. Having said that, however, due to Darren Kell's prudent management; and with the sale of SEV UK where TAN retains a 49% stake, the future for TAN Group now looks to be secure. It was a traumatic morning for long term share holders when TAN announced the need for the OO last Sept 8th, but the turned out to be a classic Warren Buffet opportunity. "Buy when everyone else is selling" he is reputed to have said. Well, once it became clear the TAN BOD were buying in the market in addition to taking up their OO entitlements and underwriting the Offer, some of us like MYO piled in and are now sitting on substantial gains. I would guess those posters who are now ejecting their bile in the direction of Darren Kell did not participate in either the OO or the golden opportunity to buy in the market at a modest premium to the Offer price.
those of you an interest in the motoring industry sure caught whiff on yesterdays good news on MNGS, I have question for those of u that may know, MNGS & TAN had a government funded project, is that dead in the water now? as I know it was precarios during the time u guys were close to administration. Happy for those who made money here as last year I know things were looking bleak. ATB
Given the current success SEV is having, I'd question it being high risk. I'd say it's very low risk in that our stake in SEV even post dilution should be worth more than this company is currently valued at. For me that's an ideal risk-reward scenario.
The past two months have been very interesting for us die-hard Tanners. Myo , thank you for your continued support. The World Truck show next week in Indianapolis promises more good news. There is a side show running at the same time talking about green trucks- guess who is fronting it. On balance though, before we get carried away, this is only 7p in old money ,we have a long way to recover yet.
Looking at Fer's posts often uses the same arguments on other companies.
It's a high risk share so potential to go very high or very low. Now is as secure as this thing gets to get in early and potentially benefit from the 49% pre-IPO ownership of Smith Electric in the US. Of course this is run to benefit Mr Kell (one of the major shareholders). But what will be his interest? For the share price to increase as much as possible right? So that, in effect, should also benefit the guys holding this share - it's obvious! IMHO
Anyone not willing to risk losing most of their money should get out of this share. The problem with it is, is the people behind it. This share is run solely for the benefit of Darren Kell. It does not surprise me that they attracted investigation...With oil prices set to rise expect this one to rise too and you'll read a lot of hype about Tanfield...but be rest assured, this company is run for the benefit of Mr.Kell, very very risky!
could do as they have big sponsorship in modec which makes electric vans...
Just a matter of time and...up and up ...
http://www.genewscenter.com/Press-Releases/GE-ANNOUNCES-NATIONAL-ELECTRIC-VEHICLE-EXPERIENCE-TOUR-TO-ENGAGE-KEY-STAKEHOLDERS-ON-EV-DEPLOYMENT-STRATEGIES-2f14.aspx Courtesy of a poster on iii - "jbj2009". Just a reminded that interest in EVs is growing.