The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Item 4(C) of the notice of the AGM (To grant a general mandate to the directors of Chi-Med to repurchase shares of Chi-Med)
not good news
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PPS&ArticleCode=z1u0eh1h&ArticleHeadline=Homologation_received Proton power has approval for Newton Truck in Europe
yes they was on November the 5th,,, but not for the whole company only for their loss making engineering part of the company they have earmarked to sell off as soon as they can.. all in the rns results etc, so wont hurt the company as I can see it,
?
All that needs saying is in the title............
hefty tr*de........
The market cap is only £28.6M and if I'm correct it is debt free. The deal seems to be OK. They failed to sell for cash and not willing to give away the business for free they gave away controlling share for significant cash injection and recovery of failing company. Also there is preferred interest of US $50M which could be paid to Tanfield providing certain conditions are met. That on its own is more than the current market cap.
Meant to type 'unquoted assets', not asses, though it comes to much the same thing.
So that's it. TAN will become a cash shell, without any cash, holding two big lumps of unquoted asses the future of neither of which they can influence. Well done BoD; bad luck shareholders.
To me, Im OUT of here !!
I still do not know who is supposedly buying the Snorkel part of TAN and for the company to have to borrow money from the directors just to continue trading is seriously concerning to any investor in TAN.
9% on loan for bod what a rip
http://evnewsreport.com/category/electric-truck-2/ any comments
It certainly has if you have been in and out of these for as long as me, over six years. I really need to see a 'share-shrink' GL
this share has more drama and surprises than Dallas.
RNS Number : 3724M Tanfield Group PLC 23 August 2013 For immediate release 23 August 2013 Tanfield Group plc ("Tanfield" or the "Company") Smith Electric Vehicles Corp signing of LoI Tanfield, a leading global manufacturer of Powered Access equipment and an investor in Smith Electric Vehicles Corp. ("Smith"), announces that Smith yesterday announced the signing of a Letter of Intent regarding a joint venture manufacturing arrangement in Taiwan with Taikang Technology Corporation. Further details are available from www.smithelectric.com Further information: Tanfield Group Plc Darren Kell / Charles Brooks 0845 155 7755 WH Ireland James Joyce/Nick Field - Corporate Finance Seb Wykeham / Ruari McGirr - Corporate Broking 020 7220 1666 Buchanan Charles Ryland/ Helen Greenwood www.buchanan.uk.com 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange END MSCUOUWROUAWURR
Smith electric vehicles has signed a LOI for a JV in Taiwan. Good to see they are still alive but I would remain sceptical that there is much value left in the Common shares of Smiths.
Hope some of the long term holders topped up last month. Been a great rise. Was ready to dip the toe back in but my 13p buy in3 weeks ago never came. ******!
What is the reason for today jump??? hopefully not P&D story.........with TAN you will never know but keep it up!
I have now set a trailing stop loss on this SP. Over the years I have hoped against hope and no longer have much confidence. On the plus side, this BOD and Mr Stanley now hold millions of shares in the company but not the majority. That is a lot to walk away from if they sell the company short and as they do not hold the majority and deal must be to the benefit of all. On the negative side remains the complete lack of info, progress, shocking salaries etc. I will be losing a lot if my stop loss activates.
Remember reading some of your post when the ford deal was on the cards. Myo? Another poster who lived near the plant in Washington if memory serves was a regular poster too. All long gone. And like you say the dream with it. I know the board have been criticised over the years (rightly or wrongly) but ultimately the failure of this business and SEV is IMHO. One thing. Cost. It's products are just too expensive .. China will have this industry wrapped up I less than 2 years. Just the like the British car maker (rover jag tvr etc) we are just too expensive and other country's can do it for so much less. Still worth a punt trading but missed the boat at .16. Hope it can reward some value to its holders Gl all