The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
I preferred the bit about full year profitability in 2013 and reduced losses.... oh and increased turn over.
With the rate this business has lost money in the past and with just 2.75 million of cash at the half year and troubles at SEV, looks like they are one more bad half year away from oblivion.
I do not think SEV is the dead duck some would portray, we would have heard by now. I do think the current board over there are finished though. Snorkel is over-sold, their order book in the last update shows as much. Tomorrow we shall see and I am optimistic this will finish the week on or about 32p. There I have said it now....
In their accounts Tanfield already valued their stake in SEV as £0 = worthless
Looks like it!
Welcome Back. Tan have done it again. I wonder what the chances are of an update from SEV about whether they can survive etc...
Double the number of sells than buys, the price is still over 5% up on the day, someone wants these they are filling a big order here i'm sure, MM's messing about with the price again. IMO
On the downside, shares in powered lifts group Tanfield crashed by nearly 40 per cent to 31.8p as associate Smith Electrics pulled its proposed US listing. Tanfield owns 24 per cent of the US-based electric vehicles maker. Broker WH Ireland kept its target price unchanged at 79p. Read more: http://www.dailymail.co.uk/money/markets/article-2206716/SMALL-CAPS-MOVERS-Gold-firms-benefit-exploring-South-America.html#ixzz27EZNcj1J Follow us: @MailOnline on Twitter | DailyMail on Facebook
But for the lack of cash, and I know this is a big but, I am happy about the lack of IPO. SEV now need to drastically cut their running costs and push on with the likes of Frito. I can see the factory here closing as it must be draining expenses at an alarming rate.
Shares in Tanfield, a global manufacturer of Powered Access equipment and an investor in Smith Electric Vehicles, announced that on Thursday Smith decided not to pursue its planned initial public offering (IPO) after the valuation size proved too small. "We received significant interest from potential investors, however, we were unable to complete a transaction at a valuation or size that would be in the best interests of our company and its existing shareholders," said Bryan Hansel, Smith's Chief Executive Officer. "We have instead elected to pursue private financing opportunities to support the execution of our business plan."
that on a day when over 6.5m shares have changed hands, the Uncrossing was for a measly 4,000.....wierd. ATB
the major players the bod have made sure they are in the usa prier to todays rns they had the chance to suspend the cmpy but are happy to let this freefall now watch out for there usa friends buying this out for nothing it smells bad
Everytime it drops below 30p there's demand for this share. The MM's are playing about with this have been all morning. Yes 2pm could be pivotal when USA opens, lets see could break out and rise again though. Don't believe the RNS devalues the company greatly.
This was also my very worst investment ever. Foolishly I succumbed to the hype about six years ago including a glowing extensive article in the S. Times about green energy stocks. I bought at 70p, 90p+( and this was before the big dilution) and failed to sell when the troubles started, believing the hype including some on this board. It has been a very expensive lesson. Perhaps 'green' shares may yet have their day ..........some 85 years hence!
I think this is overdone. Sevus isn't doing TAN any favours here but TAN's value hasn't dropped by 30 per cent. Sure the prospect of a balance sheet revaluation from a SEVUS IPO has disappeared for now but I would imagine that SEV may have been approached with private equity on good terms, which is why it's pulled the IPO. The real task for TAN is to make sure there's no further dilution, but it's possible that a private equity buyer may also pick up Tan's stake, or part of it, now that interest has been raised.
Don't be surprised to see some selling 'from across the pond' later, unless they may of already surfaced. Hopefully the Sp will hold at around 30p. Now where are the lemmings, sorry brokers revised Sp targets?.
Bouncing back - auction 33P buys
thankyou for the info link fourteenhundred i was wondering why these suddenly bombed,,, as for ram g er nothing like putting your foot in your mouth 70p! i wish,, maybe next year hopefully buddy, right now ill think i will hold and let the dust settle
Apparently at the last minute one of the big investors pulled out which caused the withdrawal.
It seems like some poor executions this morning (not surprised) and the Sp is back to Jan 2011 level. Question is how many more desperate sellers about?. I've just dipped my toes in at 28.5p. Lets see what the Gurus have to say. GL
why am I not surprised TAN have failed again. So what happens with the £2M loan TAN gave to Smith, won't be seeing that back in a hurry.
Currently struggling to hold 30p..................shame really for such a worthwhile Company.
Not sure if this is good or not, am pretty sure the sp is in for a tumble.