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At the end of the day it doesnt matter we know this share will double in time, I just hate this waiting game.
If it goes down again I'll be putting the blame squarely at your feet for trying it twice... ever heard of jinxing something?
lol no problem. I think i'll give it another go see what happens tommorow Tan are so F***ing boring!
£150,000 in two buys so would make sense if it is just one person just upping ownership.. maybe they are about to trip a percentage line and want it in a big bite as they trip it... who knows. Would love some news on a new factory though.
I don't see any news out there... I've set up as many news filters and alerts as I can and I can't find a thing. As far as I can tell this is just someone building a stake.
Can you go on all my other shareholdings are post that comment... seemed to have it's effect!
Maybe this has given TAN;s shares a bit of a lift: Polaris Industries Inc. announced an agreement to acquire electric-powered vehicle manufacturer Global Electric Motorcars LLC, a wholly owned, Fargo, N.D.-based subsidiary of Chrysler Group LLC. GEM, established in 1998, has placed over 45,000 electric-powered vehicles on the road worldwide. It had about $30 million in sales during the 2010 calendar year. The brand also has developed business-to-business sales with fleet and government vehicles. “GEM provides Polaris with an established position in the low-emission small vehicle market and supports Polaris’ strategy of penetrating on-road market segments poised for growth,” Polaris CEO Scott Wine said in a press release. “We are excited about the outlook for growth within this market space, and are looking forward to developing even stronger growth prospects for the GEM business.” The acquisition will officially close within the next 60 days. Polaris still needs to secure the required state sales certifications to sell GEM products. In the interim, GEM operations will proceed as normal as Polaris learns the GEM business. Following the close of the acquisition, Polaris will be positioned to outline plans for the GEM business. “Our vision is to accelerate profitable sales growth for GEM, by combining Polaris’ strength in new product innovation with the most-recognized brand in the low speed vehicle market space,” Mike Jonikas, Polaris’ vice president of the On-Road Vehicle Division, said in the release. “These new product efforts for GEM will be supported by an expanded distribution presence within select domestic and international markets.”
Ha ha it worked Tan don't like being called boring!
Up 50% in 3 months LP now is 41.25 / 43 whats so boring?
Tanfield is so F***ing BORING
very informative posts,thanks for that......................i think tan sp will start the long way uptrend that is more than due............................it looks like the demand for electric transport and d the renew intrest in the power access is fast growing................2011/12 should be rewarding..........ATB...................
UK powered access rental specialist Lifterz is adding Snorkel platforms to its expanding fleet. The additions include S1930E electric scissor lifts and the all-electric A38E and A46JE articulated boom lifts. Ben Bowers, managing director of Lifterz, said: “Lifterz is expanding its rental fleet in line with growing customer demand for cleaner and greener machines. We chose Snorkel after a careful evaluation based on product performance, price and the after-sales care offered by Snorkel UK.” Snorkel UK brokered the deal after hosting a site visit for Lifterz at Snorkel’s Vigo Centre headquarters. Frank Iszard, UK Snorkel UK sales manager said: "We are delighted to have secured this large order especially as machine availability and the range of financial solutions available through Snorkel Finance was a contributing factor in the deal.” http://www.vertikal.net/en/news/story/12226/
Smith Electric targets big fleets Smith Electric Vehicles is now looking to take on fleet deals of 50-100 units rather than individual vehicle sales, as the firm develops into the next phase of its existence. “We’re not in the business of selling one unit here and there, we’re looking at major fleet operators, ones and twos are a waste of time for us,” Smith European boss Geoff Allison told What Van? at the Commercial Vehicle Show. He said the firm has had a period of companies taking on one vehicle to see how EVs fit into their company, and the task now is to turn those early pioneers into serious volume. “We’re now looking at people ordering 50-100. We’ve now got experience, the product is proven and ready to go to market in the UK in fleets.” Smith has now accumulated 4m miles of data of EV operation in the UK, and has recently improved the payload on its Ford Transit-based vehicle by 37% to end thoughts of payload as a reason to choose diesel over electric. “There’s no question now we’re at the watershed in terms of adoption,” said Allison. “We’re now confident we can deliver against a diesel over 24 or 36 months – our range, technology and overall experience is better.” He claimed that the payback period for electric vehicles versus cheaper conventional diesel models is now around three years at 20,000 miles per year, and that fuel price rises will only enhance electric vehicles’ case. http://www.whatvan.co.uk/index.php?option=com_content&task=view&id=1128&Itemid=55
Keep your eyes on Smith Electric Vehicles, as it launches a new sales strategy to become more competitive in the electric vehicle sector. The company announced enhanced pricing and improved vehicle performance at the CV Show 2011. Acquired by Smith Electric Vehicles US Corp on January 1, it is shifting the focus of its electric vehicle manufacturing and sales to a select group of leading UK commercial fleet operators. According to Geoff Allison, the managing director of Smith Electric, commercial electric vehicles are already being recognised as cheaper to run than diesel vehicles. However, the higher cost of electric vehicles is putting some fleet managers off. Now however, he believes that Smith Electric is able to offer its customers electric trucks, minibuses and vans with lower upfront capital costs that could deliver real cost savings compared to existing diesel vehicles as well as a host of environmental benefits. In addition, Smith Electric has improved the payload capabilities of its Edison range that is built on the Ford Transit chassis. Gross payloads have increased by an average of 150kg and more than 250kg on panel vans, the latter being a 35 per cent improvement. Its Newton chassis cabs already have a payload of 2,753-7,508kg. Currently, the Edison is the best selling electric light commercial vehicle in the UK with a top speed of 50mph and a range of up to 110miles on a single charge. Meanwhile, the Newton is the market leading all electric truck with a top speed of 50mph and a range up to 150miles. http://www.thegreencarwebsite.co.uk/blog/index.php/2011/04/13/smith-electric-launches-new-sales-strategy/
Not about TAN or SEVUS but... http://www.bloomberg.com/news/2011-04-15/rwe-unit-essent-to-install-amsterdam-electric-vehicle-charging-stations.html
Listed on ADVFN / iii - the new US Military order is for at least 17 vehicles based on $80k per truck. Not bad. Whilst news is quiet we must remember that SEV US is currently producing $800k of vehicles (10) per week.
Smith Electric Vehicles Europe has launched a new sales strategy, enhanced pricing and improved vehicle performance at the CV Show today. Reduced prices and better performance from smith electric trucksThe firm, which was acquired by Smith Electric Vehicles US on January 1, is shifting the focus of its electric vehicle manufacturing and sales to a select group of UK commercial fleet operators. Geoff Allison, managing director of Smith Electric, explains that, as a result of its combination with Smith US, Smith Electric has been able to leverage a stronger supply chain and so improve vehicle quality while also cutting the cost of key vehicle components. "Fleet managers already recognise that commercial EVs are much cheaper to run and maintain than diesel vehicles," comments Allison. "However, the higher capital cost of EVs currently defers the fleet managers' ability to realise these benefits and, in some cases, can be a barrier to EV adoption." Allison says that the firm is now able to offer electric trucks, vans and minibuses that "combine lower up-front capital costs with our vehicles' existing low operating costs". Smith Electric also has improved the payload capabilities of its Edison range, which are built on the Ford Transit chassis. Gross payloads have increased by an average of 150kg on chassis cabs and in excess of 250kg on panel vans. Newton chassis cabs already provide payloads of 2,753—7,508kg. "These increases provide up to 15% extra payload on a chassis cab on average and 35% more carrying capacity in a panel van," comments Allison. "These are significant increases which we know fleet operators will appreciate," he adds http://www.transportengineer.org.uk/article/32999/Reduced-prices-and-better-performance-from-smith-electric-trucks-.aspx
Just read the valuation 'debate' over there. If you own 32% of a company post a listing that sold 34% of the same company for $58m, you are worth just under $58m, there's no ifs or buts about it. If some bought the core part of Tanfield we would in effect be solely a route into SEVUS and with an IPO we would find our way into actually being a stake in SEVUS. I don't see breakeven this year.. not in the slightest. We have about £10m to burn before we have problems and I expect us to use a lot of it up in returning to profitability. Still if it could generate only £2m a year after burning the £10m that's a valuation post-recovery of about £20m. Add that to SEVUS and at current SEVUS valuations that's up to £56m. Add any further increases in the value via an IPO and you've got more.
It doesn't matter if it's recorded or not. They could have sold it for pittance to record it now, but if the timing is right it will be very lucrative for us, far above current levels (we still own a third of what could be a special company). As is always quoted, money will go from the impatient to the patient and that is what we must be.
Timing of the IPO could be crucial. I think they need to do it within 12 months while there is still a buzz about the company getting their 1st batch of EV's and the PR that comes with that. Hard to put a figure on SEVUS value to TAN but your workings are as good as any. Somewhere upwards of 0 !!
By my reading there were some 12-14 press pieces following from the results. I don't know who does TAN's PR but it seems clears that the auditor view of SEVUS ("it can't be valued because it's a minority stake in a privately held company") isn't being contradicted or expanded upon in the press or by the analysts(see earlier post on Arbuthnot, TAN's brokers).This is slightly mystifying. If there's a slug worth tens of millions of quid sitting behind the balance sheet then why isn't the BoD giving this more weight? And before everyone jumps down my throat on this yes I did see Myo's intelligent post on the IFRS note re SEVUS valuation but, and it's a big but, does my concern about how little noise is being made about this worry anyone else? Frankly, as a shareholder, I'd like to see this capitalised asap with either a sale or a SEVUS IPO. This limbo position doesn't do us any favours.
Intwerview with Darren Kells "Tanfield confident of further growth" http://www.nebusiness.co.uk/business-news/latest-business-news/2011/04/06/washington-based-tanfield-confident-of-further-growth-51140-28466650/ Gives the impression of quiet optimism. Perhaps in years gone by he would have been more upbeat but TAN have been accused in the past of making overly optimistic statements so maybe they've learnt from those mistakes. Overall I'm very happy with progress.
Arbuthnot commented on Tanfield Group (TAN), the manufacturer of battery powered vehicles. The broker said it is encouraged by the progress made by management in a "difficult year" and, given evidence of growing order momentum, was "cautiously" optimistic about prospects for financial year 2011. The balance sheet, it added, is also in good shape to support the business through a market recovery with net cash of 4.8 million pounds as at 1st April 2011. Tanfield shares lost 1.75p to 39.75p.