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.
http://www.lcvpp.org.uk/information/programme-objectives . . The Smith EV is now being tested at MIRA- this will be easy as we know they are used successfully both here and in New York. Does anyone know what was mentioned in the lecture at Loughborough on the 29th ? If SEV has done well and we have no reason to presume otherwise as it has built the bulk of the vehicles then it could be in line for large chunk of the £30m phase 2 funding.
Nice to see a few days of blue on TAN again. The results should be out in the next couple of weeks and that will be something to look forward to. I wonder if they will report on how SEV US is doing, especially the UK side of the pond?
I hope this re-trace is going to end soon, may when results come out, or something. I'm starting to feel a little nervous.
I cannot blame the cautious where there is a real threat. Not here though.. where is the threat, is the factory in Japan ? Is their prime market Japan ? Is their bank Japanese ? No to the above. This is dump of shares to trigger a herd panic, shame I say. Some out there are already making their money on the backs of the people in Eastern Japan.
Myo, the sad thing is that people are using the problems in Japan as an excuse to dump shares and drive the market lower to stock up. The FTSE is almost 200 points down on what?? A shame a real shame. You can see why some folk hate capitalism so much- there are those who see world problems as a money spinner. This SP will bounce back to mid 40's within two weeks if not sooner and some people will have a nice smile on their faces.
I am not particularly bothered by this drop, a bit of speculative selling on the back of Japanese problems and maybe a tree shake. It is clear the real value of the company is many millions higher then the SP. No luck needed on this one.
I suspect they may not be a listing on the NASDAQ and quite honestly I am happy with that. They have raised sufficient capital already. The money should easily fund at least two more assembly plants and leave plenty of change. Without a public listing, Tan own 33% of a company which will soon have a huge revenue stream. Lets say they produce 1000 trucks at 80k each. That is $80m in revenue in the states alone. Assuming a 10% profit margin that is $8m in profit from the USA alone based on conservative short term numbers. Nice.
The past two months have been very interesting for us die-hard Tanners. Myo , thank you for your continued support. The World Truck show next week in Indianapolis promises more good news. There is a side show running at the same time talking about green trucks- guess who is fronting it. On balance though, before we get carried away, this is only 7p in old money ,we have a long way to recover yet.
The video is very impressive. I counted at least 15 trucks including some smaller ones being worked on. Although the staff were prepped you could see how keen they were. I have two questions: What is the current output of the Kansas factory ? What is the current work rate at the UK factory ? Many thanks
Last week there were all kinds of rumours about more EV's for Hong Kong. Now where is the news ? It does not take that long to sign a deal ? Talk about 'jollies' , They did this when they went to London to sign the Sainsbury's deal. We only found out a week later. On a separate note, where did the £3 million come from ? It wasn't the sale of Smiths and they did not raise that much in the placing. The AWP side must really be pulling the cash in. We could do with an update from our friends on the floor.
Yup...the dude just cannot stay away from the press....yipppeeee, we have been starved for too long. We just need some info on that magic TLA,,....an IPO.
http://fleetdaily.blogspot.com/2011/01/smith-electric-vehicles-us-finalizes.html See, Hansel cannot stay away from a quote in the press- note the point about how the 49% holding by Tan will be diluted in new share issues. Nice..., roll on the IPO.
Still here and am confident of the future. I do however think there is a snow balls chance in hell of the TAN board ever communicating with the market in a timely fashion. Thankfully, SEVUS cannot seem to stay away from the media.
Now, to maintain confidence, SEV US need to keep in touch with the market as to how the IPO is progressing. Fortuneatly, they are good at talking and I expect a steady stream of information from them to maintain confidence. If it were down to TAN, we would hear nothing, not a dime. I am happy with this deal for a variety of reasons, we just need SEV to power ahead on the orders.
Sorry but I must agree with Westsider. I do not like a lot of this company as you know but I am still tied in here and still have confidence in the future. Sadly your incessant Negativity is killing this board like the iii one. I suspect that you are motivated by a desire for vengence, that must be the justification to spend so much time knocking this company. If it were so poor just walk away. Surely you are posting for a reason ? Are you trying to warn others away ? Did you lose your shirt in the 2008 slump and are now annoyed that the Company survived ? Will you please give it a rest, believe it or not, we are not gullible fools... we may have been to get involved here in the first place, I grant you that, but the fact that we are still here and there are too many of us to count means we believe this Company has a future despite the best efforts of its own Board. Constructive comment yes..incessant sniping, no thanks. Best Regards. - Eastern
PR like this is golddust to the company- pity the UK Division cannot jack up the same. http://www.snacks.com/ onward and upward- P.s the Liverpool one is not stolen, its 'knock-off' as the locals would say
Chaps- was anything mentioned about the current order book for SEV UK or Upright? I like the 100s of vehicles for SEV US but the silence about the Uk concerns me, not that I am going anywhere, my shirt is stuck to this one I am afraid. .... Myo- thanks for your inputs- I would settle for an $80m flotation anyday and I would not touch the Liberty offer with Johnga's
That Liberty deal came out of left field and surprised the lot of them. $1m is real money, over £550k and you dont pay that much if you do not think you will complete on the offer. This extra cash will nicely pad out the offer money so this is good news. As for the SEV offer- there will be no cash for the Shareholders but as Myo says, we will get a share of a very big cake. I would have been sceptical if no money had been put up as a deposit.
Anyone know if they have re-secured thier finance for the rest of the year yet? This one could be a good long term hold?
Check out the Lightning Car Company. They are claiming their batteries are even better. Not that they have built a car yet though