Moro- It has been long promised i.e over a year but I think it will not go ahead which in the long run is better for us. Snorkel is growing nicely and SEV will open its new factory in December down in the Bronx hood. If any American investors want a piece of SEV they will have to buy TAN shares which is fantastic for us. There are unanswered questions such as ; where did the money go ? why does it take a year to kit out a new factory ? what results have SEV had etc etc
I think this means that Worldspread had to close some short positions early dumping a load of shares onto the market hence the drop. This drop is nothing to do with TAN for once though it mights still have some more to run.
Courtesy of Johnnytooslow on iii 'Friday's suspension of shares in Worldspreads (WSPR) had an impact on Tanfield's share price later in the day, as some Worldspreads clients have big positions in TAN, and in some case hold similar big TAN positions in other accounts, which they are having to quickly adjust. It will likely have a further impact on Monday, ahead of Tuesday's expiry of quarterly spreadbets. If anyone here holds TAN bets with both Worldspreads and with IGindex, it might be worth them following this idea posted elsewhere:'
Welcome back...........after 5 bad years that nearly brought TAN to a closer,we can finaly say that the company has turned the corner...........like you said ,SNORKEL growing order book,and the huge prospect of SEV,TANcould be good recovery stock ......ATB.........
If the SP ever hits this price I will buy every one a drink at the AGM including those two warring fanatics on the iii. My guess is that we have seen the re-trace and it should creep up again this week.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.