The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Still here and am confident of the future. I do however think there is a snow balls chance in hell of the TAN board ever communicating with the market in a timely fashion. Thankfully, SEVUS cannot seem to stay away from the media.
Yes, it has gone quiet recently but I think most of the regular posters are still here..... Well, apart from your aforementioned friend who has not posted for a while? On reflection, I think TAN have had a possitive end to 2010 and I don't see any reason why this momentum cannot be carried on. I'm glad that the deal wasn't rushed through and I wait with anticipation over the value of the soon to be floated company. An improvement in the AWP performance would really start the year off on the right foot!!
Good news now they can concentrate on the IPO process although I suspect a lot of work has already been done. Now we need a trading update for Snorkel, if rumours are correct orders are picking up nicely. But with poor investor sentiment towards TAN buyers will only come in when a formal update is made.
RNS Number : 8454Y Tanfield Group PLC 04 January 2011  4 January 2011 TANFIELD GROUP PLC ("Tanfield" or the "Company") Completion - Sale of Business Assets of Smith Electric Vehicles UK As notified in the RNS announcement on 23 December 2010, the Sale of the Business Assets of Smith Electric Vehicles UK was successfully completed on 1 January 2011. Please refer to the earlier announcement for details on the transaction. Further information: Tanfield Group plc 0845 155 7755 Darren Kell / Charles Brooks Arbuthnot Securities Limited (NOMAD and Broker) 020 7012 2000 James Steel / Edward Gay This information is provided by RNS The company news service from the London Stock Exchange END FURLIFVTLDISIIL
Been doing research in to this whole electric car share thing. I saw this company a while ago, I think it was 14p. I can't find anymore shares to buy in. So is it just the large companies doing this? Well I think this is going to do very well because, other interested parties. This without doubt the future trend when they start with this in full swing, This electric car conversion I think will be speeded up. So I am buying in tomorrow. :-)
I'm not sure specifically whether they have a licensing deal or just buy the shells as parts. I did have a look around and couldn't find any record of the deal, or whether it is exclusive or not. Likely that it is though (though could be broken by either party I'm sure)
Do Smiths have to pay a fee to ford for using the transit design etc?
What's the average price of a scissor lift?
Thank you for your feed back.
I see this share price has exploded since the start of December, what's changed? Is this just speculative stock on the basis of European goverment policy to electric car's. Tempted to buy in, what are your thoughts? James
Intertesting article, sounds very positive http://seekingalpha.com/article/243599-betting-on-valence-technology-huge-upside-reward " .. Valence stands to gain some major orders in 2011 from customer Smith Electric Vehicles, who just announced on December 23, 2010 that the American maker of all-electric trucks will purchase its United Kingdom-based parent company, Smith Electric Vehicles U.K. in January. The company is eyeing Germany and France, countries whose governments have embraced renewable energy and electric vehicles .... "
Now, to maintain confidence, SEV US need to keep in touch with the market as to how the IPO is progressing. Fortuneatly, they are good at talking and I expect a steady stream of information from them to maintain confidence. If it were down to TAN, we would hear nothing, not a dime. I am happy with this deal for a variety of reasons, we just need SEV to power ahead on the orders.
yes we don't know how the deal compares to the original as the size of the IPO is crucial… and it would seem this may be a better deal from that end. My point really was that the length of time taken for a final offer seems based around SEVUS having little cash to fulfill that original offer. TAN maybe being very shrewd in retaining as much as they could pre-IPO (49%). I'm just happy we have this lengthy period of uncertainty coming to an end. Now all we need to worry about is the IPO and the uplift of Snorkel (pardon the pun).
I take good news whenever it is provided, similarly bad news gets the same treatment!
Agreed. I think it will slip back a bit but nothing serious.
not sure about the rise… low volume so far but if we can stay above 30p we can assume news has been well received, certainly short term cash risk should be removed
With a rise like this I could be persuaded to buy an electric car! Happy Christmas to one and all and a profitable 2011
but it looks to me like they were worried about this deals effect on the SP and timed its release to have minimum impact. The 49% retention is the main factor but as we already had that in SEVUS we are basically handing over 51% of the UK SEV and all IPO for $15M… a lot less than the initial offer. It would appear to me that the long delay has been all about SEVUS being able to find the cash to buy SEV as we can clearly see by the $15m being split over 20 payments. The IPO is hugely important so lets hope this happens asap. Not a bad deal but not a great one either and no quick get out for TAN investors. Have a great christmas everyone.
Could be very manipulative. Its only a half day and anyone can move the Sp with very little trading. So take care and be prepared. GL
Quite happy with this outcome - it's a positive and sensible tactic which buys even more time for things to improve. Finally some movement at least. And a clear plan for the future.
How can we get an idea of how much sev is worth? Would it be vauled by its assets as its not actually making money yet according to the 2,159k loss in the rns.
AT last some positive news from this management.....................has to be said its not the best outcome,but it will ensure tan will continue to operate throw this massive downturn.............still ,we have to see how the market react to this news tomorrow..................HAPPY X-MASS AND LOOKING FORWORD TO A BETTER NEXT YEAR...............ATB...
Ok now it makes sense im still learning, thanks for the explaination
A great Christmas present, time to break out the Iron Brew ... chilled of course :-)
Once the IPO takes place there will be a much greater number of shares in issue resulting in TANs holding being a smaller percentage of the now larger pot. The value of their holding will remain the same. Thus a 49% may become a 25% stake.