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Sorry that should read .... hopefully Snorkel sales are also benefiting
Evidence of things looking up in the construction sector, hopefully Snorkel are sales are also benefiting. http://www.uttoxeteradvertiser.co.uk/News/JCB-staff-to-receive-Christmas-bonus.htm Myo, just seen your post of yesterday re: PUR ... Sorry I've not replied, but very busy at the moment but if I get the chance I'll see what else I can find.
This is up and own at the mo. Someone on iii thinks the deal is done as per an employee? Anyone any thoughts on what the offer might be. Maybe a % of the share price once floated?
my broker told me the worth of take over deal is atleast 60p to 70p. i bought 50k extra shares. hopefully we will finish 30p+ on friday and monday we will see 50p+ broker told me that look like deal done other wise they don't pay 1million and also director bought lot of shares in October. Any other expert there
Re: PUR, a number of competitors have got out of the market. plus the semi conductor market is making a come back so margins are starting to improve. It's been on my watch list for some time and now starting to build a reasonable stake. Early days yet but the solar panel and solar cells business could be an interesting money spinner. Only time will tell. Sorry guys for being off topic.
This must point to Tanfield holding a reasonably strong hand in respect of the IPO, if they own 49%. Would it not be better for Tanfield to keep hold of their shares on IPO or cash in on 50% of the holding and leave the rest in to see what happens?t or do they get out and take the money. Any estimates going around on the possible market cap of SEVUS. A lot will depend I feel on Tanfield cash position and the forecasts for the rest of the business, how long can they aford to wait it out.
I have not been following this one recently, does anyone know why we have seen a 50% increase over the last week or so? Someone must know something that I don't other than the usual press around EV's. Has anyone seen any financials from the US or details of the order book. Does anyone know when we are likely to see a deal on the table for Smiths UK & 49% of US or do we think that the Tanfield Board are intending to hold onto the assets at least for the short term. Taking a deal now may substantially under value the business compared to say a years time. Do Tanfield have the necessary cashflow to continue without taking the deal? Lots of questions and very few answers :-)
Still very much in SYNC .... topped up again today. To be honest you guys do such a good job over there I have very little to add but as ever very much appreciate your efforts. Trying to concentrate on the PhD but this business can be quite a distraction. Have you had a look at PUR like SYNC ... but for different reasons .... they are at rock bottom but with a great deal of potential.
Well a fool and his money are easily parted, now fully back in after getting out the day before the SP crashed back in August. In brief reasons for getting back: 1. SEV US doing extremely well. Even if TAN was to go belly up the sale of it's 49% of SEV US and SEV (UK) would probably go a long way to covering the existing SP. I'm sure that Liberty are not the only ones intertested in SEV, 2. The Directors have backed TAN with more of their own money. OK we can be cynical and say they were trying to protect thier original investment but I think they know what they are doing. Others may disagree. 3. World markets are picking up including the construction industry and, as I've said previously, Snorkel have a global distribution network. OK I appreciate TAN is still a risk and the money I've used is 'free' money from RRR profits but I think the rewards are well worth that risk. Lets hope I've got my timing right again.
Thanks for the info! Looks like this may take off this year or early next. I heard on the news they want all taxis in london to be electric within the next 10 years!
?????
December 14, 2010 | Comments (0) Smith is working in partnership with rental company Clem to introduce its electric vehicles into the Spanish market. Clem – part of Riwal - has more than 25 years’ expertise in EVs and is already a distributor for Garia luxury golf carts, Segway and Taylor-Dunn industrial electric vehicles. Kevin Harkin, sales director for Smith Electric Vehicles said: “Over the past three years one of the highest levels of enquiry we have received from any country came from Spain. This is an extremely important market to us, so it was vital that we found the right partner. Clem has the national sales infrastructure, but more importantly it also has the technical expertise to provide high quality product support to major fleets.” Based in Valencia, Clem is involved in the sale, hire and maintenance of EVs, forklift trucks and aerial work platforms. The company has 130 employees at 16 locations across Spain, 40 mobile service engineers and an equipment hire fleet of more than 2,000 machines. It is part of global equipment rental specialist Riwal. Kevin Harkin of SEV with Alejandro and Jose from Clem Alejandro Sánchez Lupiañez, director of Clem’s ecological division, said: “There is a huge, un-tapped demand for commercial electric vehicles in Spain. Smith Electric Vehicles has proven products that we know will be a perfect fit with our customers’ fleet requirements.” “Smith Electric Vehicles produces the Smith Edison light commercial vehicle in 18 configurations of panel van and chassis cab, plus a further six variants of an all-electric minibus,” he said. “All are based on the Ford Transit platform, with a range of up to 100 miles on a single charge, recharge time from as little as three hours and a top speed of 50mph.” Clem will take delivery of its first Smith Electric vehicles in early 2011. These demonstration vehicles will go straight into trials with major fleet operators. Other distributors recently appointed by Smith Electric Vehicles include Northern Lights Energy in Iceland, ElecTruckCity in France and Electric Vehicles Ireland. SEE ALL NEWS »
I have just spoken to aTAN R+d guy regarding induction charging and he said that they are working on a system. For non tec people, this means one can charge the vehicle without the need to plug in. GLA
Thats a lie actually I LUUUUURRRRVVVEEEEEE being right!!!!!!!!!!
http://blogs.reuters.com/environment/2010/12/14/electric-trucks-pick-up-speed/
Does Tanfield own 49% of SEV US or all of SEV UK?
Smith Electric Vehicles U.S. Corp. has sold two of its all-electric trucks to the U.S. Marine Corps, its first sale to the military. The Kansas City-based company said Monday that the two Smith Newton trucks will be built locally and delivered to the Marines’ Camp Pendleton outside San Diego in February. Smith Electric said this was the first military sale through a government purchasing contract the company received earlier this year from the General Services Administration. Like other parts of the federal government, the Marines are being required to reduce the use of fossil fuels. The Corps has a goal of reducing total energy use by 30 percent by 2015 and increasing use of renewable electric energy to 25 percent by 2025. The Smith Newton can carry more than 16,000 pounds, reaching speeds as fast as 55 miles an hour and traveling as far as 120 miles on a single charge. In a release, the company said the trucks would be used for base deliveries and personnel transport. Most of the company’s truck sales have been to corporate customers such as Frito-Lay, Coca-Cola, AT&T, Staples and Kansas City Power & Light Co. Read more: Smith Electric Vehicles sells trucks to U.S. Marine Corps | Kansas City Business Journal
http://www.bizjournals.com/kansascity/news/2010/12/13/smith-electric-vehicles-sells-trucks.html
Stay grounded brother, it is just as likely that this is just TAN returning to its up 10 down 10 days but who knows?
hoping two players involved in making the deal to drive the price - will also stop the company going belly and assets being bought cheaply. this is our time i reckon!!!
Could there be rumblings that the deal is done or progressing well? Its all very exciting.
Over 20p this week or my name isnt Rumplestiltskin!
the only thing stoping the deal is sev raising the funds have you seen thier bank acount ?what will the ofer be and where will it take the sp i think they are trying to save smith, ass soon as the deal is done within i year tanfield will be left with upright and rusty access lifts they will go into admin after burning thruogh cash and smith will be saved by america
I don't know what's getting me more excited, waiting for Santa to come, or waiting for the deal to get done.
An upturn in the AWP would be most welcome and would hopefully provide a bit of breathing space for a deal to be conducted, should the 60 day exclusivity period elaspe. I'd sooner the best deal possible for TAN be done, rather than rush something through to hit a deadline.