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if given exclusive rights for 1millon dollars they should know what price per share they are going to pay tanfield, surely they wont try to raise finance for 2 months then table a bid of 9p.
The original talks were about 50p BUT i cant see that comming. again with tan reporting nothing is a clear cut ,As a share holder i still hold hopes BUT. ITS ONLY HOPE .
i cant bget my head around what the deal is for you shareholders, it cant be 35p as in offer from sev us as s/p would be lot more than 2op. Can someone tell me what exactly is the shareholders position out of this deal.
Like I mentioned on monday the Liberty move has prompted a hurry up from SEVUS. Problem is they already had a period of exclusivity and failed to come up with anything. No way they should be given this privilege again for 2 months even if they have put a deposit on the line. How can this be best for TAN shareholders? I actually want the deal with SEVUS to go ahead but hate the way it is progressing, shutting out other interested parties.
Will it ever be done?? http://www.iii.co.uk/investment/detail?code=cotn:TAN.L&display=news&it=le
Ashworth-Lord has a "market perform" rating and a 10 pence price target on the stock http://uk.reuters.com/article/idUKLDE69H0YO20101018
Bits of news like this (and FritoLay) are excellent for Tanfield. If the merger happens we could end up with maybe 20 or 25% of SEVUS on its journey towards a multi million dollar IPO next year. It's the "if" you need to worry about
Good news for Smith US - Smith UK only gets a small royalty
More good news,i found this over on the iii board.Staples to Add 40+ Smith Electric Trucks to Fleet http://evworld.com/news.cfm?newsid=24200
http://www.thenorthernecho.co.uk/business/8460525.Electric_car_firm_proposes_merger/
OR they force the price down by appearing incompetent, pick up a ton of shares for a song and then take the company private and miraculously start to do well again... one can never be too sure...
Tanfield refuses to talk about a takeover move http://www.nebusiness.co.uk/business-news/latest-business-news//2010/10/19/tanfield-refuses-to-talk-about-a-takeover-move-51140-27499701/?campaign=Newcastle_email_nebusinessemail:20101019
Old money approx 3.5p 1996 price! Here we go again. Except this time China will take ALL! --- Watch and learn.
Thanks Pedro, It all looks pretty dire from everything that I have read today, but I have bought in and think that when backs are up against a wall strange things can happen and as long as you carefully monitor the situation, you could be pleasantly surprised.
You may have also missed the news that Roy Stanley and Darren Kell bought additional shares voluntarily on the open market at about 13p earlier this month.
I wouldn't rule out these recovering. There way be surprised coming out of the AGM. Liberty may be the catalyst for a hike in the SP. There HAS to be a future for EVs, particularly commercial EVs, but it's unlikely to happen under the present management who seem to be acting purely out of self interest.
They were forced to under the terms of the rights issue and they did not have any choice in the matter.The figures are peanuts in the grand scheme of things and they have a full insurance policy under the loan arrangement.The really interesting thing to me is that I am hoping that Liberty are really throwing a spanner in the works and Roy Stanley is at last under some pressure.I have written off my investment which is now worth peanuts.I invested on the back of Morgan Stanley's advice so plenty of better people than me lost money here
These are 'cannibal' negotiations if they're happening at all. The controlling factor (RS) exists on both sides. The Liberty intervention removes that control and exerts some influence from the 'outside' which is good for Tanfield and not so good for SEV-US. For the one individual who believes that complicated negotiations are taking place (myo) they've had 7 months and not a cent has come to the table. Myo attempts to put himself in a superior place of understanding, one that's too complicated for all our pretty little heads to wrap themselves around. RS hasn;t been able to get the fund together and he's playing for time! The ONLY factor that's pulled me back in is that all the Directors have added to their shareholding so something is afoot....but that's not a complicated matter...only myo thinks it is!
I think we are missing the point with the liberty opportunity. The BOD of tanfield are currently negotiating from a position of great weakness - few weeks/months money left. If Liberty provided the funds that meant the company did not have to sell its 49% then it could turn the tables on the US and demand much much more or take-over Smiths US and float Tanfield on Nasdaq...
Why are you repeating what's already clearly been stated?! myo: 'Putting together a deal that culminates in us passing over a 49% stake for a share in a US listing is not an easy task.......there are some very complicated funding arrangements required in order to make this happen'... ...what a load of tosh!
I am new into TAN. So I do not know the history of the Management. However if they continue buying shares then they must have confidence that they are not going to lose their own money! Does that make sense?
We don't know the detail of the proposals though do we? Looks like they are being opportunistic to me but I would still like to know the details of the deal the TAN board turned down on our behalf. Can only hope this puts pressure on SEVUS deal to progress as swiftly as possible.
We have almost given the whole company to TAN's management so far-here's a chance( however slim )to give them a slap in the face!
You have to give it to TAN's management , they are consistant! If the US deal comes through they will all look smug as if they planned it all to perfection. The reality is, They are gambling, if it goes through they are lucky, if it does not they are unlucky. Time is the fire in which they burn. What is sensible is not relevant to TAN. GLA
It might be taking liberties but I would rather see them having a go than allowing Roy Stanley to have a free run at my expense