Monday saw more action for Titan holders- Mefro Wheels GMBH, a german private company increased it's holding to 29.9% by acquiring stock at 40p - against the prevailing market price of 20p. Mefro wheels acquired their original 24% stake at 40p in December.
A subsidiary of Titan International Inc, Tital Luxembourg Sarl, acquired 2,079,600 @ 35p and 339,000 @ 31.5p over the last two days taking their stake to over 20%. A director of Titan Lux Sarl is the non exec chairman of Titan Europe.

Roosters are hungry at this time of year and need to eat on chicken feed. This looks like a grain fest given Titan International broke off talks to buy Titan Europe in 2008 over 200p per share. Yeah - markets have changed but a battle for control of a niche business looks set to keep me well fed for the H1 09....

Treacle / Smiler / Sue Helen

'Topped up just now with another 7270 shares at 24.50p' LoL. I see TSR is following your usual style of pump and dumps. Selective editing of RNSs without telling the whole story, claims of 'topping up', no doubt the useless TA will follow next. Worth reading the last Trading Update:

The Board anticipates announcing the Group's preliminary results for the year ended 31 December 2008 by the end of April 2009. We anticipate full year 2008 pre-tax pre-exceptional profits to be in-line with market expectations. Total revenues are expected to be around 450 million.

In light of the continuous changes in overall market conditions it is appropriate to make some comment on the Group's prospects for the financial year ending 31 December 2009.

In our December trading update we highlighted the significant increase in rescheduling or postponement of orders by our customers. This was a result of the further deterioration in their global markets, especially in construction related activities. As expected December saw a very significant decline in sales and manufacturing with volumes substantially lower than in previous periods and with constantly changing schedules.

As we entered the new financial year, we further reviewed the business during the first six weeks of 2009 and our volume forecast is based on this analysis. Most of our markets have continued to decline and therefore, against this backdrop and very limited forward visibility we have reduced our forecast sales volumes for 2009 to 30% below those of 2008. In light of this reduction in sales volume, we continue our programme of scaling back material inputs, manufacturing, people and investment plans in order to re-align our cost base to reflect the more challenging markets our industry is experiencing. Fixed costs are being reduced throughout the Group but care is being taken to preserve the Group's resources and investment in engineering, quality and technical sales.

Despite this tough backdrop it is worth noting that not all markets are equally affected and the Group is seeing some benefit from its product, market and geographic spread.

The Group continues to have regular dialogue with its banking syndicate and retains their support.

Dividend

The Directors believe that in view of the current uncertainties in the market, it would be prudent to preserve cash and therefore, the Directors will not be proposing a final dividend for the year ended 31 December 2008.

Unless there is a take-over bid there doesn't seem much reason to buy until the trading picture becomes clearer. Treacle will continue to pump away though.

Tomorrow looks to be the day as per the below...good opportunity to top up today again imo with some impatient holders selling out.

'Issued by Citigate Dewe Rogerson, Birmingham
Date: 20 February 2009
Immediate Release


Titan Europe Plc
("Titan Europe" or the "Group")
Trading Update

The Board anticipates announcing the Group's preliminary results for the year
ended 31 December 2008 by the end of April 2009. We anticipate full year 2008
pre-tax pre-exceptional profits to be in-line with market expectations. Total
revenues are expected to be around GBP450 million'.

Good reversal today on hardly any buying. Poised for finals tomorrow.

Still no finals yet. The company said in the trading update in Feb 2009 that they would be out by end of April. During the trading day or quite possibily imo that takeover news is surfacing beneath.

Spoken to the company just now and the finals will now be out in early May! They couldn't provide any more information but imo goes with my research that a takeover is surfacing hopefully and hence the delay. DYOR.

Load of bollocks re the delay IMO

Rising again on continued buying volume.

Just picked up another 10,000 shares at 24.83p. Finals delayed thus far but hope to be out in early May. IMO nicely poised for a big correction on returning sentiment in the markets + added bonus about size of Mefro's and Titan Inc's stakes.

24.00-27.00p, finally perking up again after consolidation over the last week.

Good 10% rise today despite double the number of sells vs buys. Chart pointing to mid-30's possibly prior to finals announcement.

For what its worth...after close today.

BUY
CONFIRMED

26.000
+2.5000 +10.64%

http://www.britishbulls.com/StockPage.asp?CompanyTicker=TSW&MarketTicker=Industrials&TYP=S

FWIW indeed - LOL

British Bulls an automated pile of rubbish, much like your garbage TA Smiler.

As far as I'm concerned this can go up or go down, I don't really care which, but we're in a Bull rally and most stocks, even the bad ones are being picked up. But it's worth posting on the threads you contribute to just to let people know (the silent majority) what a ramping twat you are and the dangers in following your comments. You'll be out and they will possibly be left holding a declining stock - caveat emptor.

How did your complaint go with MAM? Did you tell them you were a banned poster under another alias?

Titan International's 1st Qtr results on 29 Apr 09:-

Titan Announces All-time Record First Quarter Agricultural Sales

Statement of Chief Executive Officer:

"Large farm tires and wheels were selling well in the first quarter of 2009, along with Titan's new super giant mining tires," said Titan Chairman and CEO Maurice M. Taylor Jr. "It is difficult to predict what will happen moving forward. The price of corn is holding and soybeans are up, so the agricultural market looks good, but are farmers going to keep buying with all the uncertainty in the economy? I don't know. The orders for second quarter are good, but lead times are much shorter today than six months ago. All of Titan's material costs are dropping except nylon," said Taylor.

"There is no shortage of giant mining tires today and pricing has dropped by at least 25 percent because of the drop in material costs. Natural rubber is projected to drop from approximately eighty cents today to fifty cents by the end of the year. In September 2008, it was one dollar and fifty-two cents.

"The great news in all of this is that it's time everyone really gets down to working hard and smart. Since Titan has been running at an SG&A level of five to seven percent, we are set to grow our market share. Titan will be making improvements in every product we make, and I will be visiting every customer I am able to this year. Titan can use this environment in order to grow our market share, but if this economy turns up, then Katie bar the door,' for the good times will be back," said Taylor.

http://www.titan-intl.com/content/42909

This is good for Titan Europe with the synergies between the two companies:-

'pricing has dropped by at least 25 percent because of the drop in material costs. Natural rubber is projected to drop from approximately eighty cents today to fifty cents by the end of the year. In September 2008, it was one dollar and fifty-two cents'.

Sales Down

Sales for first quarter 2009 were $232.6 million, compared to $253.5 million in the first quarter of 2008

Gross Profit Down

Gross profit for first quarter 2009 was $30.1 million, compared to $32.3 million in 2008.

Income Down

First quarter income from operations was $14.1 million, compared to $16.1 million last year.
Net income for the first quarter was $7.0 million, compared to $8.1 million in the first quarter of last year.

Nothing like telling the whole story Smiler/SH/Lala/Treacle and all your other logons. Typical ramper with only his own interests at heart. Do some very, very intensive research before investing in any stock this ramper posts on.

Mefro

http://www.mefro.de/english/home.html

its interesting to see just how big they really are esp the post Michelin acquisition.

Titan Inc. have sinced increased their stake by around 5% in the 30's prices in Jan 09 and ofcourse Mefro holding their 29.9% at 40p. Hemscott have got tomorrow pencilled for results but hopefully by end of next week at the latest. Currently trading at a p/e of just around 1.50p. Even 1.00 would be a p/e of 6 possibly.

Last April:-

LONDON, April 14 (Reuters) - British wheelmaker Titan Europe (TSW.L) received a more-than-100-percent premium all-share takeover offer, at 230 pence ($4.54) per share, on Monday from U.S.-based former parent Titan International.

"It's not an over-generous offer but it's reasonable," said fund manager Oliver Brown at 3-percent shareholder RC Brown Investment Management, by phone on Monday.

Illinois-based Titan International is interested in buying back Titan Europe because it is once again focusing on larger off-road wheels, having decided to focus on smaller wheels in 2004.

Titan Inc is now developing ultra-large wheels for mining vehicles which would be a good fit with Titan Europe's undercarriage and wheel work on construction vehicles, analyst Jon Lienard at broker Brewin Dolphin said Monday.

http://www.reuters.com/article/companyNews/idUKL1467678920080414?symbol=TSW.L

Applies imo to our stock Titan Europe, 200p this time last year and now 26p. Once the finals are out we could easily more than just double imo with the dramatic falls from 200p.

By James Bartholomew
Last Updated: 10:48AM BST 06 May 2009

'Right now it seems the turn of the shares which were heavily sold down to return to more sensible valuations. The fallen have become mighty. The rise of a share from a miserably unkind valuation to a fair one can mean a doubling and more'.

http://www.telegraph.co.uk/finance/personalfinance/investing/5277843/Diary-of-a-private-investor-Dash-for-so-called-trash-shares-has-given-me-a-16pc-return-this-year.html

Delay with the results doesnt exactly instill confidence!
On the blog at www.investorschampion.com/blog

'To get a better sense of conditions in the off highway market its worth having a look at GKN, which has a division supplying into this market, or indeed NYSE listed Titan International, the manufacturer of tyres for the off highway market which announced its results at the end of April in which the Chief Exec commented that Large farm tires and wheels were selling well in the first quarter of 2009, along with Titans new super giant mining tires, a positive read across to Titan Europe?'

http://www.investorschampion.com/blog/entry/titan-europe-tsw-delay-with-the-results-doesnt-exactly-instill-confidendenc