Investors' Room :: tanfield, good for the long term? - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

wahidfaez - 09 Oct 2008 12:16

does tanfield have 2 good businesses ( smith electrics and upright)which are good value for the medium to long term hold ?

ptholden - 09 Oct 2008 12:51 - 2 of 392

What do you think?

wahidfaez - 09 Oct 2008 13:06 - 3 of 392

these 2 seem to be the main income genarator for the company, and l feel would be the main drive for the shares with any upturn in the economy.

hangon - 17 Oct 2008 13:04 - 4 of 392

they claimed, but have provided little evidence, that (at the time of the problems) they were opening sales offices in Eastern Europe and in the Middle East.
If these show promice with taking the sky-hook route rather than scaffolding, then the prospects are reasonably good for a 6p stock.

What I fail to understand is why folk thought Electric vehicles ( with 1-sale to M&S) made the business worth 1.50++ and let's not forget the City paid for Snorkel at 1.60 a pop. Elec vehicles were just 20% of the Turnover. DYOR.
The drop is most-likely the realisation they'd be had - so quick exit to limit their exposure. Smart if you can dump 1,000,000 shares at $1.30 you don't look to dumb. However, the extent of the exit was such that they dropped stock at any price. (My interpretation).
If there is no fraud - and I suspect there isn't, rather it's Puff and Bluster on behalf of the Execs.,- then I suspect you will ahve to wait until folk start buying stocks again - and maybe a period of 18 months before they rise, but could be good, if the stock rises to say 35/50p....I hold a few av 12p.(timing fault!)

I've seen these cherry-pickers in use in Liverpool and was totally blown away.....but these were not Snorkels - theirs are even bigger, making it quite easy to install a grand piano into the tenth floor of a block of flats - Wow!
-It's a half-way stage between a scaffold (convenient but slow and needs co-operation with other residents). . . . and . . . . a crane which is OK for building goods, but you can't replace a window, holding onto a crane-hook!

kimoldfield - 20 Oct 2008 07:28 - 5 of 392

GEELY AIMS TO ELECTRIFY BLACK CABS

The Chinese 23 percent stakeholder in Manganese Bronze, the maker of black London taxis, has met UK government officials to discuss introducing electric-powered cabs to London. 'One of our ideas is to convert London taxis into electric,' said Li Shufu, chairman of Geely. In addition to its stake in Manganese, Geely owns 51 percent of a Shanghai-based joint venture with the UK company that will produce the vehicles in China starting in December. This year, Manganese signed a research and development agreement with Tanfield Electric Vehicles to develop all-electric plug-in taxis.

hangon - 20 Oct 2008 14:15 - 6 of 392

Is this good-news for TAN?
_ Rather is is very unlikely in these days of reduced Taxi-rides ( esp. in the City!) so why would a taxidriver want to buy a new-fangled vehicle "now" with the prospects of fewer wealthy fares, providing tips, etc?

Does anyone know - but aren't London Cabs already zero-charge for congestion? -Therefore there's no eco-electric advantage.....

wahidfaez - 20 Oct 2008 15:53 - 7 of 392

not sure what that means for tan, if they can get the taxi order it would be great for the company and the shares. also the short sellers are not doing tan any favours,until the short sellers are off tans case there is little chance for the shares to break the 7p mark and stay there.

dealerdear - 20 Oct 2008 16:19 - 8 of 392

I don't believe it is anything to do with short sellers at all.

Rather MM's deliberately holding the sp back as they are with nearly all AIM stocks

moneyman - 06 Jan 2009 10:13 - 9 of 392

Time to look in here again as 5p has again been broken so maybe another move to 10p like last time.

almoore - 06 Jan 2009 10:50 - 10 of 392

Seems to be on the up - just broke 6p - possibly in anticipation of release of positive news re ford/tanfield at U.S. trade fair this weekend ?
imho dyor

maestro - 06 Jan 2009 17:30 - 11 of 392

back in at 5.2p....bargain or what

kimoldfield - 06 Jan 2009 17:48 - 12 of 392

Oh no! Just when I thought things might be looking up, maestro buys in. We're doomed!! ;o)

How are you doing maestro?

tabasco - 07 Jan 2009 07:31 - 13 of 392

Maestro.good luck to you my sonnot a stock that rings my bell but I wish you a speedy rise in your fortunes..

maestro - 07 Jan 2009 07:35 - 14 of 392

cheers guys...still making the usual cock ups ...sold rio/xstrata too early but ok otherwise

kimoldfield - 12 Jan 2009 01:21 - 15 of 392

A little mention of a collaboration with Ford, in the New York Times.

http://wheels.blogs.nytimes.com/2009/01/11/fords-electric-future/

pumben - 12 Jan 2009 09:47 - 16 of 392

This is surely good news for the future, why no RNS from Tanfield this morninn, I would have thought they would have wanted to get any good news out at the earliest opportunity. Also FORD wouldn't go with a company which could possibly go under would it, I hope not as I have a reasonable holding at prices of 11p, 9p and 3.8p.

Pumben

2517GEORGE - 12 Jan 2009 10:29 - 17 of 392

Beginning to look like a good shout moneyman (post 9).
2517

hangon - 12 Jan 2009 12:24 - 18 of 392

No RNS - I wonder if this is "no-news" - so be careful not to start buying TAN before the "off" . . . they still have the same Management as before so their skills will prevail - and frankly, I wonder who is going to buy their (added-value) when the electric vehicles are a "Feel-good" purchase (so little prospects for this year, eh?), - - - and I thought Ford already provided the basic van and ANOther provides the electric drive etc...TAN's input is fairly small, despite the Market blowing hot ( and City types paying 1.60 only recently for Access) . . . . such is their grip on the reality.
I hold from 15p and 8p, but that's enough!
I believe this is an "Access Business" - with their "EV" a sideshow - but who cares what I think?

dealerdear - 12 Jan 2009 14:37 - 19 of 392

would love this to recover but it does worry me that maestro is in!

Probably means we are all doooomed ..

moneyman - 13 Jan 2009 15:28 - 20 of 392

http://www.mathaba.net/rss/?x=615489

700202 - 18 Jan 2009 12:35 - 21 of 392

Strong Rumour the Irish Post Office is about to place an order for a Fleet of electric Ford vans

almoore - 29 Jan 2009 21:34 - 22 of 392

Contenential landscapes invest in smith electric vehicles in Poole - see -
http://www.newspress.co.uk/DAILY_LINKS/arc_jan_2009/290109carill.htm

skinny - 06 Feb 2009 07:29 - 23 of 392

Tanfield Trading Update

TIDMTAN

RNS Number : 8988M
Tanfield Group PLC
06 February 2009

?
6 February 2009
Tanfield Group plc
Trading Update
Tanfield Group plc ("the Group") gives the following update on its trading
position.
As previously notified we experienced much poorer market conditions in the
second half of 2008. The Group had a number of loss-making months before the
impact of cost cutting restored us to a break-even position on a monthly basis,
before exceptional restructuring costs. We were however still able to grow the
Group year on year, with revenues of GBP146.5m. With many customers holding onto
their own cash, our year end position was GBP11.1m, with GBP8.0m being collected
in the weeks following the year end. Cash balances at the end of January 2009,
traditionally a low point, were GBP13.1m.
Trading conditions in all of our markets remain challenging, with little
visibility and reduced order intake. The swift and decisive steps taken last
year to downsize the business have substantially mitigated the risk of
overexposure. Because of this prompt action, we can maintain the business at a
much lower break-even level than historically was the case.
We continue to maintain tight control on overheads and to review our cost base.
Given the restricted horizon of our order book, our visibility for 2009, in line
with our peers, is limited, except to indicate that we expect to see a
contraction in 2009 compared to 2008.
Adverse trading conditions and the ongoing unavailability of credit for our
customers continue to impact all three divisions. The major OEM customers into
which our Engineering Division supplies sub-assemblies have either significantly
downsized or cancelled their orders. In agreement with our workforce, we have
implemented a three-day week at that facility, in order to reduce our cost base,
while retaining the core skills within the business unit.
Market conditions in the USA are particularly challenging. We are instigating
temporary production suspensions in North America, on an as-needed basis, to
continue to match output to demand. However, as always, customer service remains
our number one priority and all customer-facing operations will carry on as
normal.
We have already downsized the European-based Powered Access and Zero Emission
Vehicle divisions to accommodate a lower run rate. We will review this closely
and regularly, and if necessary, take further steps which may include the
implementation of shorter working week practices.
The Group is, however, debt-free without banking covenants or interest costs and
we do not anticipate this changing in the short to mid-term. The Group is
therefore well positioned to continue to ride out this downturn until eventual
market recovery.
ENDS

almoore - 08 Feb 2009 21:22 - 24 of 392

Tanfield set to launch new company in usa soon. see :-

http://www.autobloggreen.com/2009/02/08/tanfield-american-spinoff-to-begin-building-trucks-this-year/

Could some kind soul enter it again and underscore - dont know how.

skinny - 09 Feb 2009 07:29 - 25 of 392

Development Partnership with Ford Motor Co (Tanfield)

TheVoid - 09 Feb 2009 09:23 - 26 of 392

There you go al - to underscore
click on the icon that looks like the 'infinity sign' between U and the green thing just above this box.
In the window that opens up you put the address and click OK -
in the next popup window you type the name of the website e.g. Autobloggreen - easy once you've done it once

autobloggreen

almoore - 09 Feb 2009 09:48 - 27 of 392

The void - excellent - (tip for you - tanfield cheap at 10.5p)

TheVoid - 09 Feb 2009 10:36 - 28 of 392

I will look into it Al ta.

Some potted thoughts re. Tanfield (just practising putting up links really !)

Online Stock Trading

almoore - 09 Feb 2009 22:30 - 29 of 392

ford give tanfield entry into us

almoore - 09 Feb 2009 22:39 - 30 of 392

sorry above link does not work correct one below.

Ford give Tanfield entry into US

2517GEORGE - 16 Feb 2009 09:53 - 31 of 392

After selling @ 11.1p, looking to get back in hopefully around the 7.5p mark.
2517

kimoldfield - 17 Feb 2009 13:19 - 32 of 392

Tanfield getting a bit of a kicking at the moment! There may be a way to go before it hits a resistance point but I have a feeling the selloff has been overdone already. I do not consider any share on the market to be a safe bet at present but TAN may be one of the survivors during the next 12 months; if the management really are handling things as carefully as they make out, then this could well make a good return for holders.

kimoldfield - 17 Feb 2009 15:57 - 33 of 392

MILITARY BUYS X33RT

Platform Makina Ltd, Tanfield's distributor in Turkey, has sold its first X33RT to the military.

The compact rough terrain scissor lift is now in operation at a military base, where it is performing a wide range of duties.

Kozacilar Endustriyel Ltd, parent company of Platform Makina, is contracted to carry out all after-sales operations, such as spare parts and maintenance.

Faruk Canatar of Platform Makina said: "The military required a machine that could withstand some very tough conditions.

"They are extremely pleased with the UpRight X33RT and we believe it can become the lift of choice in these situations."

almoore - 20 Feb 2009 11:56 - 34 of 392

Tanfield up 1p on a poor day for the market - building up to the large chicago truck show starting on 3rd march where they will no doubt rubber stamp their link up ford and possible reveal their partner for for the new SEVUS company.

kimoldfield - 20 Feb 2009 12:10 - 35 of 392

Ford's vice president of Global Product Development has said that they hope to sell the Transit Connect at a rate of a couple of thousand a month according to an article published in "Hybridcars"

Edit: That seems to be a bit optimistic to me, though maybe when they have it all set up it could well reach that number, probably not for a while, but who knows?!

almoore - 25 Feb 2009 11:06 - 36 of 392

tanfield on the up - now 9.5p - chicago trade fair starts next week.

cynic - 25 Feb 2009 11:10 - 37 of 392

pork bellies? .... and that's just the locals!

kimoldfield - 26 Feb 2009 17:24 - 38 of 392

Another helping hand for TAN, possibly.

http://www.nebusiness.co.uk/business-news/latest-business-news/2009/02/26/how-plugging-in-on-your-street-corner-could-protect-the-planet-and-north-east-jobs-51140-23015830/

kimoldfield - 28 Feb 2009 21:23 - 39 of 392

TNT are still buying "Newton" trucks (They committed to an order for 100 in May 2008 to replace diesel equivalents over 18 months).

http://www.oxfordtimes.co.uk/business/4160732.On_the_road_to_carbon_zero/

Also a possible link with TAN:-

http://www.independent.co.uk/news/business/news/electric-4x4-company-to-create-250-jobs-1633668.html

Although Liberty Electric Cars do not specifically mention TAN they say they are "now in discussions with major suppliers in the region", that could well be TAN. One thing is clear, EV's are in the ascendency and one of the main beneficiaries is going to be TAN. Still a speculative share but one I am now comfortable to increase my holding in.

kimoldfield - 01 Mar 2009 11:53 - 40 of 392

Ford/TAN venture getting plenty of coverage.

http://www.zoomilife.com/2009/02/22/fords-quiet-electric-future/

kimoldfield - 02 Mar 2009 17:26 - 41 of 392

TAN/Smith Electric have opened up a new website today. Covers the new US venture.

http://www.sev-us.com/

hangon - 02 Mar 2009 18:49 - 42 of 392

kimoldfield, thanks for the update; always good to read actual good news, rather than the "spin" so often presented to shareholders.
Perhaps TAN has learned a lesson, the sp graph demonstrate the sell-off that hapened when the City took fright. They have wide-ranging sales offices which may address the subject of "turnover" in these troubled times.
I hold a few.

Fred1new - 02 Mar 2009 18:55 - 43 of 392

I hold too many.

hangon - 02 Mar 2009 19:06 - 44 of 392

My av. is just into double-figures; were you sucked-in by the general excitement towards 2...?

kimoldfield - 02 Mar 2009 19:31 - 45 of 392

I know I was hangon! Originally bought 1k at 1.94 ps but have traded in and out many times since so until today have been well in profit. I know it is still a gamble, (well aren't all shares?!), but I added a further 100k to my already existing 85k today. If it pays off I will certainly be more than happy, if not I will be kicking myself for quite a while!

justyi - 02 Mar 2009 19:41 - 46 of 392

Possibly 10 years to see it

kimoldfield - 02 Mar 2009 19:46 - 47 of 392

Or 10 months! Or 100 years!!

They are certainly beginning to get a lot of media coverage, looks as if SEV US are making a better job of their PR in the USA than TAN do of theirs over here! Another article here:-

http://trailer-bodybuilders.com/chassis/electric-commercial-vehicles-0302/

almoore - 02 Mar 2009 21:39 - 48 of 392

Sev US company now up & running

kimoldfield - 03 Mar 2009 07:53 - 49 of 392

RNS Number : 1674O
Tanfield Group PLC
03 March 2009

March 3rd 2009

The Tanfield Group Plc

'Tanfield', 'the Group' or 'the Company'

Geneva Debut of Concept BEV Passenger Vehicle with Ford of Europe

Unveiling of new Ford Tourneo Connect people carrier at Geneva Auto Show

First Tanfield BEV concept aimed at the passenger car market

Developed in collaboration with Ford Motor Company

Demonstrates potential for technology transfer from Tanfield's commercial electric vehicles

The Tanfield Group Plc, the leading manufacturer of aerial work platforms and commercial electric vehicles, today unveils a conceptual passenger battery electric vehicle (BEV), developed in collaboration with Ford of Europe.

The zero emission Ford Tourneo Connect BEV Concept people carrier, unveiled at the Geneva Auto Show, has a projected range of 100 miles (160km) on a full battery charge and a top speed of 70mph (113km/h). It is Tanfield's first BEV aimed at the passenger car market and demonstrates that Tanfield's electric vehicle technology for vans and trucks could readily translate into passenger vehicles.

Darren Kell, CEO of The Tanfield Group Plc, said: 'The pure electric new Tourneo Connect exists as a proof of concept, but it demonstrates how seamlessly our world-leading technology can integrate into passenger vehicles.

'If the Tourneo Connect BEV Concept generates high levels of interest, we can work with Ford on production potential and develop the vehicle relatively quickly.'

The unique concept vehicle displayed at Geneva is driven by a 50 kilowatt permanent magnet motor, powered by 21 kilowatt-hours of lithium-ion batteries. The Ford Tourneo Connect BEV Concept adapts technology that Tanfield has developed for the Transit Connect BEV light van, which is available to order in Europe as the Smith Ampere. Tanfield has worked with Ford of Europe since 2007 and already produces a Ford Transit BEV, marketed as the Smith Edison.

In North America, Tanfield and Ford will launch a Transit Connect BEV van in 2010 - the first vehicle to deliver on Ford Motor Company's aggressive electrification strategy announced at this year's Detroit Auto Show.

'The Tourneo Connect BEV concept shows how Ford's collaboration with Tanfield is extending the company's global electric vehicle plan to Europe,' said John Fleming, Chairman and CEO, Ford of Europe, 'The technology is already available for commercial vehicle applications, and at the 2009 Chicago Show we confirmed that we will launch, with Tanfield as our partner, the Transit Connect van as a full BEV in North America in 2010.

'Although conceptual for now, if there is sufficient interest, this silent, zero emission technology could be applied to the Tourneo Connect quite quickly. We think it would be an ideal solution for taxi use, as a hotel shuttle vehicle or similar inner city application.'

ENDS

For further information:

The Tanfield Group Plc
+44 (0)845 1557 755
Darren Kell, CEO

Charles Brooks, FD

Arbuthnot Securities
+44(0)20 7012 2000
Nomad and Broker

James Steel/ Katie Shelton

That's one small step for a van, one giant leap for vankind. Or something like that! (with apologies to Neil Armstrong!)

kimoldfield - 04 Mar 2009 22:08 - 50 of 392

Another push towards electric cars:-

http://www.publicservice.co.uk/feature_story.asp?id=11331

kimoldfield - 04 Mar 2009 22:32 - 51 of 392

More publicity; well there's more of it about these days!? TAN, I feel, have been guilty of not 'putting themselves about' enough in the past.

http://www.sunderlandecho.com/news/Bev-puts-the-rev-in.5036069.jp

kimoldfield - 05 Mar 2009 09:53 - 52 of 392

SANTA BARBARA, Calif, March 4 (Reuters) - Ford Motor Co expects electric vehicles will represent a 'major portion' of its lineup a decade from now as the automaker breaks away from a recent reliance on pickup trucks and SUVs, Chief Executive Alan Mulally said on Wednesday.

'In 10 years, 12 years, you are going to see a major portion of our portfolio move to electric vehicles,' Mulally said at the Wall Street Journal ECO:nomics conference in Santa Barbara, California.

A futuristic look at the Ford Motor Co.!
The rest of the article is here, it may take a few seconds to get past the load page:-

http://www.forbes.com/feeds/afx/2009/03/05/afx6128120.html

kimoldfield - 11 Mar 2009 01:24 - 53 of 392

Looks promising for Snorkel, a bit of a sales push:-

http://www.tanfieldgroup.co.uk/Newsletter_Upright_Issue134.html

kimoldfield - 13 Mar 2009 08:55 - 54 of 392

SEV are getting a lot of media coverage now, this is one article out of many:-

http://www.hybridmile.com/news/smith-electric-vehicles/

Whilst it is too early for most to make any sort of informed decision, I keep adding snippets to remind people that a once star of the markets who got things wrong may now be on the road (no pun intended) to a remarkable recovery. EV's are the future whether we like it or not, substantial purchases of the vehicles will lead to an eventual drop in cost: new battery technology, which is imminent, will further reduce costs and also increase the number of road miles between charge.

I will continue to add to my holding when I am able to, purely because I am now confident that TAN will become a major player in the future of the world's transport. I do not advise anyone else to follow my instinct but I suggest you keep an eye on TAN, it might just become a star again!

Balerboy - 13 Mar 2009 09:13 - 55 of 392

Kim, I now know what your job is, your not an investor, your a RNS writer for RKH, full of promises but don't know when, just to keep Cynic and MM amused. lol

kimoldfield - 13 Mar 2009 09:43 - 56 of 392

Darn, I've been sussed. All I'm trying to do is invoke a comment from cynic! ;o)

banjomick - 13 Mar 2009 22:17 - 57 of 392

Smith Electric Vehicles (now in the U.S.!) took advantage of their appearance at The Work Truck Show to allow some industry professionals a chance to try out their all-electric Newton.

Luckily for us, several of them agreed to stand up in front of a camera and give their views about the vehicle.

The candid three included award-winning trucking industry journalist Paul Abelson, Larry Polas from the American Fleet Managers Buyers Guide and Ken Kalen, a fleet management consultant.

All seemed impressed with the vehicle's power as well as the way it handled and thought it could perfectly fulfill its depot-based delivery mission.

http://www.autobloggreen.com/2009/03/13/video-smith-electric-trucks-get-pro-reviews-at-work-truck-show/

kimoldfield - 13 Mar 2009 23:52 - 58 of 392

Chart.aspx?Provider=EODIntra&Code=TAN&Si

The chart, over the last 8 months, looks a little like an ECG print. I hope the heart doesn't pack in: if TAN still have cash in the bank there should be no problems (unless the bank itself goes under!)

jkd - 14 Mar 2009 02:10 - 59 of 392

ko
i think you have a good investment here. just my opinion.
regards
jkd
declaration
i have a vested interest(long) in this share.

almoore - 14 Mar 2009 19:14 - 60 of 392

Debt free - 13 million in bank at end of Jan '09.
Annual results due end of this month when they could also release location of new sev-us factory in usa and perhaps some us orders. Good times ahead me thinks.
imho

Fred1new - 14 Mar 2009 19:33 - 61 of 392

I would prefer the 13million in my bank. It might be safer.

almoore - 15 Mar 2009 12:14 - 62 of 392

I'd prefer it too Fred but in my matress.

maestro - 16 Mar 2009 07:41 - 63 of 392

why the air car will make electric virtually obsolete http://www.theaircar.com

kimoldfield - 16 Mar 2009 09:31 - 64 of 392

If they could make a really efficient non-polluting air car Maestro, it may stand a chance but the majority will be using petrol as well as compressed air. There are safety concerns with air cars and maintenance costs will be substantial compared with EVs. All in all I don't think air cars will ever outdo the EV.

maestro - 16 Mar 2009 10:02 - 65 of 392

WHAT MAINTENANCE COSTS? please expand

kimoldfield - 16 Mar 2009 10:34 - 66 of 392

All the movings parts!

kimoldfield - 19 Mar 2009 12:29 - 67 of 392

"The Prince of Darkness to visit Tanfield tomorrow"

Well, it's not the actual headline but here is the real one:-

http://www.sunderlandecho.com/news/Mandelson-to-visit-Nissan.5088443.jp

It may well produce another cog to the wheels of green motion (hmm, no don't think too hard about it!), hopefully not a spanner in the works though!

almoore - 20 Mar 2009 09:54 - 68 of 392

sp picking up a bit - mandelson visiting tanfield in northeast this afternoon.

tipton11 - 21 Mar 2009 09:27 - 69 of 392

I certainly hope he does visit Tan and instead of bailing out foreign companies to design electric vehicles why can't OUR money be used to BUY from British coys already making and selling them? or would that be considered charity?

Tipton

Stan - 21 Mar 2009 09:33 - 70 of 392

What? give "the good for nothing" British management more money..you must be joking.

kimoldfield - 27 Mar 2009 09:34 - 74 of 392

There is a quickly escalating amount of interest being shown in the TAN/SEV-US Kansas story, here are just a couple of items:-

http://www.nebraska.tv/Global/story.asp?S=10078515&nav=menu605_2

http://www.thekansascitypost.com/

banjomick - 27 Mar 2009 12:17 - 75 of 392

Certainly very lively this morning.

kimoldfield - 27 Mar 2009 12:23 - 76 of 392

Couldn't resist another 65k; if USA goes according to plan, sp could be double by this time next week. Or not! :o)

kimoldfield - 27 Mar 2009 12:23 - 77 of 392

Couldn't resist another 65k; if USA goes according to plan, sp could be double by this time next week. Or not! :o)

Balerboy - 27 Mar 2009 12:38 - 78 of 392

You on the same drink as cyril or a dodgey digit or are you cyril in disguise???

dealerdear - 27 Mar 2009 12:41 - 79 of 392

I've heard that one before.

Still there is no doubt that some tiddlers are starting to move so why not TAN?

Throw in SEO, AMER and a host of others and I may start smiling again!

dealerdear - 27 Mar 2009 12:50 - 80 of 392

yummy yummy

banjomick - 27 Mar 2009 12:51 - 81 of 392

Looking very interesting now!

banjomick - 27 Mar 2009 12:54 - 82 of 392

Think there were only about one million shares traded in morning and now it's up to +4 million

kimoldfield - 27 Mar 2009 12:55 - 83 of 392

:o) No not Cyril, just me with a renewed faith in TAN! For once I think the US may just do us a big favour the way the 'powers that be' seem to be pushing for ev's.

dealerdear - 27 Mar 2009 13:22 - 84 of 392

I'll tell you what this is.

Traders closing out their shorts at the year end or funds buying to make their portfolio look impressive going into the new year. This rise is happening to a few AIM stocks over the past hour and I suggest the reasons are linked.

kimoldfield - 27 Mar 2009 13:35 - 85 of 392

More possibly a meeting in Kansas City today outlining SEV-US's plans and (rumoured) possible confirmation that the US postal services will be using SEV ev's. I won't believe the latter until I see it in writing but it may just happen. Taking my wife's petrol car for a service now :o)

almoore - 27 Mar 2009 14:09 - 86 of 392

kimoldfield - youre right - reason for rise is sev-us confirmng opening of factory in Kansas City due at 5.30 pm today (uk time ) Any proposed US Postal services purchases of sev-us vehicles would do wonders to sp.
imho

Balerboy - 27 Mar 2009 14:30 - 87 of 392

It'll be back to 6-7p monday

banjomick - 27 Mar 2009 14:39 - 88 of 392

Quite possibly but I wouldn't bet on it!

kimoldfield - 27 Mar 2009 16:23 - 89 of 392

Well that's the car serviced, 99.92, not bad but would cost that for 5 years servicing of an ev no doubt! Whilst sitting in the customer services area I watched TAN price with interest on my Pocket Surfer; don't know how I did it but I managed to press a wrong button and sold 60k of my top up holding :o( At least I ended up with 5k free shares and cash to take my missus away for a weekend or two :o) Made a mental not not to try drinking coffee with one hand and fiddle with a Pocket Surfer (mini computer that is, to you lot who have dirty minds!) with the other hand!

Balerboy, even if the 'show' in Kansas is not up to much, I can't see the sp coming back below 9p now. But then, I thought I knew what I was doing with a Pocket Surfer!!

banjomick - 27 Mar 2009 16:31 - 90 of 392

Good end to the day.................................

kimoldfield - 27 Mar 2009 16:58 - 91 of 392

A very good end. A good start on Monday would be even better!

banjomick - 27 Mar 2009 17:56 - 92 of 392

Zero-Emission Trucks to Be Assembled in Kansas City 27/03/09

banjomick - 27 Mar 2009 18:17 - 93 of 392

Tanfield Group plc ('Tanfield' or 'the Company')

27 March 2009

Re US Joint Venture partner announcement

Tanfield announces that its Joint Venture partner, Smith Electric Vehicles U.S. Corporation (SEV U.S. Corp), is today announcing plans to locate its new assembly plant for the manufacture of all-electric zero emission vehicles in Kansas City, US. Production of the first vehicles is scheduled to begin in quarter 3, 2009.

The decision to locate the plant in Kansas City would represent an initial investment of $10 million by SEV U.S. Corp. In addition SEV U.S. Corp expects to receive close to $3 million in job training funds and other incentives from the state of Missouri and Kansas City.

Tanfield Group plc announced on 6 February 2009 that it had signed Heads of Terms with SEV U.S. Corp to licence Intellectual Property Rights, brand and all existing sales and sales enquiries in North America, in exchange for a 49% equity stake in SEV US Corp and per-vehicle royalties.'

Re US Joint Venture partner announcement-27 March 2009 18:11

kimoldfield - 27 Mar 2009 18:18 - 94 of 392

You were quick off the mark there BM!!

banjomick - 27 Mar 2009 18:19 - 95 of 392

Just having a last minute look before I get on with other things.

kimoldfield - 27 Mar 2009 18:29 - 96 of 392

I don't ramp any share, I sometimes get a little over-enthusiastic if given 'facts' ie SEO haha! (still think it will have it's day however) but for once I have to say that if you are not in iT(AN) to win it, you may miss the opportunity of a lifetime. The US can't get enough of it at the moment.

jkd - 27 Mar 2009 21:10 - 97 of 392

oh dear ko
please calm things and be patient. you know where i stand from my previous post.
either it will or it wont happen.
regards
jkd

kimoldfield - 27 Mar 2009 23:18 - 98 of 392

jkd, you are absolutely right! I know you are long TAN, as am I. I am also looking forward to the start of the F1 season a few hours from now; I have this crazy vision of the future of F1 where the pit stops consist of a quick change of tyres, polish the visor, then a 5 minute break for a cup of tea while the car is plugged in and re-charged! Well, that might happen, or not!

kimoldfield - 28 Mar 2009 00:21 - 99 of 392

For anyone who hasn't seen the SEV-US press release:-
http://www.sev-us.com/pdf/sev_us_kc_release.pdf

banjomick - 29 Mar 2009 22:13 - 100 of 392

Should be a lively morning tomorrow.................

supermum - 30 Mar 2009 08:38 - 101 of 392

I hold a few of these, so watching keenly! the thought of a tea break in the F1 ... bring back the good old days LOL

kimoldfield - 30 Mar 2009 09:06 - 102 of 392

A tea break followed by a sprint to the cars, yes that would be good SM!

Balerboy - 30 Mar 2009 09:14 - 103 of 392

Heading south,

almoore - 30 Mar 2009 09:25 - 104 of 392

ftse down 100 pts - gm motors in trouble in usa - Dont miss the oppourtunity to fill your boots with tan at less than 12p
imho

2517GEORGE - 30 Mar 2009 10:02 - 105 of 392

A newswire stating that Detroit Electric is to produce and market a full line of innovative Pure Electric vehicles in US, UK, EU and China beginning 2010, Proton is their partner, may have dampened TAN from it's earlier highs.
2517

almoore - 30 Mar 2009 10:43 - 106 of 392

george
mt glass on advfn site says detroit electric has links with proton the malaysian car maker (gas guzzler type) - no connection with proton power.

2517GEORGE - 30 Mar 2009 11:16 - 107 of 392

almoore----yes that's right, by 2012 the jv plan on selling 270,000 vehicles, looks like 2 types one capable of a range of 111 miles and costing 23,000- 26,000 usd, and the other with a range of 200 miles costing 28,000 - 33,000usd.
2517

kimoldfield - 30 Mar 2009 11:27 - 108 of 392

More power to the drive for ev's, (pun intended!)

almoore - 30 Mar 2009 11:34 - 109 of 392

george
but they should not affect tanfield - detoit/proton malaysia will be making electric cars in 2/3 years. Tanfield make electric vehicles ie trucks/vans etc available NOW !.

2517GEORGE - 30 Mar 2009 12:15 - 110 of 392

almoore----your assumption is absolutely right, TAN's bias is towards trucks/vans as opposed to the jv of detroit/proton with their cars. I was merely suggesting that the reason for TAN's sp pullback this morning may have been due to the announcement.
2517

oilyrag - 30 Mar 2009 12:41 - 111 of 392

The bid has constantly been moved to capture AT trades. I'm holding in the belief of a substancial rise sooner rather than later, as I believe these are being collected by mm's to fill a large order. AIMHO, DYOR.

almoore - 30 Mar 2009 12:53 - 112 of 392

george
ok fair comment, but Tan are not biased towards trucks/vans - they simply don't sell cars. Lets not forget the hoist (cherry picker) side of their business which is larger than the ev side.

Balerboy - 30 Mar 2009 22:04 - 113 of 392

And so the hype went on..... and on. SEO was hyped in just the same way, until Walmart pulled the rug out and left us picking up the pieces. I'll wait till the contract is signed an dthe deal done. 2012 is a long time holding on to nothing.

banjomick - 30 Mar 2009 22:32 - 114 of 392

Hype? This thread looks pretty un-hyped on the whole.The SP more or less held-up from previous gains and a nice bit of trading volume t'boot.

kimoldfield - 31 Mar 2009 01:23 - 115 of 392

I agree Balerboy, 2012 is a long time to wait, but TAN's prospects in today's climate have to be so much better than they were this time last year. Ford will be putting a lot of their own cash (if they have any left !) into ev's and SEV-US will be one of the main beneficiaries.

http://www.allcarselectric.com/blog/1019758_ford-commits-additional-funding-to-evs-downplays-fuel-cell-technology

Also, although Bryan Hansel, SEV-US CEO, has not commented on orders already received, I cannot see Ford and Smith taking a gamble on introducing a proven technology to the US without having firm evidence that production of the Smith Newton over there will be successful. The quotes are that "SEV-US will produce its first trucks (note the plural) in the third quarter of 2009"; quite a claim since that is only 6 months from now and the factory is not yet ready. Sounds like all stops out and full steam ahead to me. Oh, except that they will be electric not steam!

You are quite right to wait. Don't take your eye off TAN though!

http://thebatterytimes.com/2009/03/30/worlds-largest-battery-powered-truck-comes-to-us/comment-page-1/#comment-259

There are now over 300 different versions of the story which have appeared since Friday.

Balerboy - 31 Mar 2009 08:51 - 116 of 392

Hope you boy's took your profits when you could cause this is going down till the next snippet of news.

kimoldfield - 31 Mar 2009 09:03 - 117 of 392

I have traded TAN many times over the past 12 months and done very nicely out of it but this time I will hold long term. The next 'news' will probably be the results, it is anybody's guess what they will be like. When news of orders comes through I don't want to be in a position where I would wish I had not sold any of my holding: if things go pear shaped then obviously I will regret it!

Balerboy - 31 Mar 2009 09:10 - 118 of 392

If GM and Chrysler are stuggling I reckon Ford are going to be slow and cautious.
Your bottom line is sooo SEO, is your old name E.W.Robson by any chance?? lol

kimoldfield - 31 Mar 2009 09:19 - 119 of 392

Lol! No :o)

Fred1new - 31 Mar 2009 17:38 - 120 of 392

Tan, will wobble for a few months while GM looks at its books and slashes executive perks and bonuses. Before being bailed out.

I can't see Obam, allowing them to go to the wall.

kimoldfield - 31 Mar 2009 21:42 - 121 of 392

In the meantime, don't forget that TAN's core business at the moment is it's lift business; this latest newsletter seems to indicate that all is going well enough:-
http://www.tanfieldgroup.co.uk/Newsletter_Upright_Issue137.html

kimoldfield - 01 Apr 2009 01:14 - 122 of 392

The latest news from Enova is:-

"In the first quarter of 2009, Enova received an order from Smith Electric Vehicles U.S. Corporation (SEVUS Corp.) to deliver at least forty-five (45) P120 systems per quarter, starting in the second quarter of 2009. Enova and Smith have worked closely over the past year to re-align our sell through expectations, both in the UK with Smith Electric Vehicles, and here in the U.S. with SEVUS Corp. We are excited to see the results of these efforts have resulted in additional traction for both Enova and Smith"

So signs of life there then! and note the "at least" statement. Don't be put off by "(45) P120", I know it looks it a bit too close to being "P45" for comfort!!

I still recommend caution however; until the trucks are rolling quietly over the roads in the USA it is too early to make a big commitment: keep watching though, the sp will move very quickly on confirmation of firm orders and is unlikely to retract at that point.

kimoldfield - 08 Apr 2009 08:21 - 123 of 392

Results better than I had expected, especially Net Cash. At the moment the market seems to have looked upon them favourably and is looking to the future. If Gordon Brown really means what he says about ev's, then the future may well be very rosy.

8 April 2009
Tanfield Group plc
Preliminary Results

Tanfield Group plc ('the Group') announces it's Preliminary Results for the year ending 31 December 2008.

Financial Highlights
Turnover: 146m, +18% (2007: 123m)

Profit before exceptional items: 1.7m (2007: 12.8m)

Net cash at year end 11.1m

Impairment of goodwill, intangibles, inventory and receivables of 89.6m

Loss after impairment 88.5m

Corporate Highlights

30% cost base reduction in 2008

Further 27% cost base reduction in 2009

Strong balance sheet remains after impairments

US joint venture and customers

Roy Stanley, Chairman, said: 'This has been a challenging year for the Group. However, we are a business that is lean, nimble and focused, with a highly experienced management team, which reacted promptly and decisively to the adverse market conditions. Tanfield is well placed to trade through the downturn and to move rapidly when its end markets improve'.

dealerdear - 08 Apr 2009 09:24 - 124 of 392

Im sorry but I thought the results were awful. They have no debt which is a plus but cash pile is well down and how a big loss can be deemed any good is open to great debate. I sold out at 13p and made a nice profit (got in at 10p) and I feel the MM's are simply trying to catch a few more people before the sp drops down to 7p or thereabouts. Hope I'm wrong for those who hold but ...

kimoldfield - 08 Apr 2009 09:45 - 125 of 392

Dealer, the loss was due to a write down in Snorkel's goodwill etc.; admittedly the 1.7m operating profit is not sensational but it is a profit at least! Financially TAN is better placed than most industrials at this point and commercially they are at the forefront of a new push to a future, like it or not, dominated by ev's. I was wary that the cash at year end would be lower than the forecast 11m, don't forget that it increased in January to over 13m.

I am content, for now!

dealerdear - 08 Apr 2009 09:52 - 126 of 392

Good luck, I hope it does well for you. I'm just happy to day trade it as and when appropriate until I see a real improvement in market conditions then it may well be a long term hold.

kimoldfield - 08 Apr 2009 10:26 - 127 of 392

Can't blame you Dealer, I do day trade it myself, as well as being in long term. I hope it's not too long ;o)

Bel1ze8SA - 08 Apr 2009 13:22 - 128 of 392

Good coverage on electric vehicles Channel 4 News last night and the World at 1 (radio 4), as I write.

kimoldfield - 08 Apr 2009 14:57 - 129 of 392

Also promoting ev's ,Gordon Brown was speaking with Jeremy Vine on R2 this afternoon.

halifax - 08 Apr 2009 15:52 - 130 of 392

kim does that improve TAN's prospects?

kimoldfield - 08 Apr 2009 17:23 - 131 of 392

Not one bit as such Halifax! But it does start to lay the foundations for a sustained growth in all ev's. Which pollutes more, a car or a truck? If the world leaders are truly intent in cutting down emissions then trucks are possibly more important than cars. I had to make a short journey down the A55 this afternoon and out of interest I counted the number of lorries (oh yes Mr Policeman, I was being driven!!) in ratio to cars and it was a staggering 1 lorry to every 3 cars. At least a third of the lorries were belching black smoke into the atmosphere. Cut that lot out with Smith Electric stuff and the Green party will be grinning obscenely for a very long time ;O)

halifax - 08 Apr 2009 17:54 - 132 of 392

kim TAN doesn't make lorries it makes vans.

Balerboy - 08 Apr 2009 18:06 - 133 of 392

Kimold puff and chuff..... were the lorries you looked at made in 1965???? or did you have your shades on. the black smoke belchers went a long time ago, very fuel efficient cumfy cadilacs now. lol

tipton11 - 08 Apr 2009 19:14 - 134 of 392

tan is not asking for money but what it needs is orders not talk from the govt ... meantime "PM" is busy arranging loans for overseas [foreign] coys to design and develope ev's which could be delivered by tan today.

Energeticbacker - 08 Apr 2009 19:29 - 135 of 392

The impairment was anticipated but given the materiality of this and other factors we were anticipating a little more detail in the preliminary announcement - the strange segmental breakdown with the bulk of net assets allocated to Other is also surprising!

Note at www.investorschampion.com

hlyeo98 - 08 Apr 2009 20:01 - 136 of 392

Tanfield falls to 88.8m loss on 'cherry pickers'

Tanfield was once praised by former Prime Minister Tony Blair as an example of "UK manufacturing innovation at its best" but suffered a pre-tax loss of 88.8m in the year to the end of December, compared with a profit of 10.4m a year earlier.

The company said the loss was caused by the "global collapse in demand" for high level access vehicles, or cherry pickers, forcing it to write down the value of its division which makes cherry pickers by 89.6m.

Darren Kell, the chief executive, said sales of cherry pickers "fell away precipitously" in the second half of last year as the financial crisis gripped the construction sector. He warned that he expects the market to "contract further" in 2009.

The shares, which lost nearly 90pc of their value in one week last summer after a string of profit warnings from the company and its competitors, yesterday closed up 10pc to 10p.

Keith Ashworth-Lord, analyst at WH Ireland, said: "With no free cash flow to value, little accounting earnings and no prospect of a dividend for years to come, the shares are little more than a speculative recovery play."

Mr Kell said the Aim-listed company has cut about 300 staff, including 100 in the UK, in an attempt to reduce costs.

Amid the gloom Mr Kell said he hopes Prime Minister Gordon Brown's plan to encourage commuters to switch to electric cars as part of a "green revolution" will propel the company back to prosperity in the future.

"There is clearly a desire for more electric vehicles in the UK and Europe," he said. "While it will not be a panacea it will have an important impact on our company and the transport sector."

almoore - 08 Apr 2009 20:03 - 137 of 392

halifax
Of course tanfield sell lorries as well as vans - see www.smithselectricvehicles.com
for more info.

kimoldfield - 08 Apr 2009 22:36 - 138 of 392

Halifax, yes admittedly small lorries but they do make them, perhaps better described as large vans though, for now.

Balerboy, surprisingly a lot of the 'smokey' lorries were fairly new: I wonder what they were being fueled with?! Chip fat maybe :o) Seriously, there are a lot of ill maintained wagons on our roads even now, whether it is the expense of maintaining them or just pure stupidity/laziness/or couldn't give a damn attitude that is causing this I don't know. If it is the expense then that would not be cause for concern in the case of ev's as there is very little to maintain.

I am expecting more momentum from the USA than from the UK, where there will be the usual crap response to anything that could be useful if history is anything to go by.

almoore - 08 Apr 2009 23:04 - 139 of 392

Smiths electric vehicles are pollution free and have no exhaust pipes !. They require an 6-8 hour charge overnight normally giving a range of 100 miles for the larger vehicles and more for the vans with speeds of 50-70 mph. Ideal for inner city use - delivery's etc. They are free from road tax charges and also London's congestion charges. The drivetrain has few moving parts (less than 10) consequently much cheaper maintenance costs.

For range of vehicles see www.smithselectricvehicles.com

Fred1new - 09 Apr 2009 18:26 - 140 of 392

What would be the cost per mile of running a 3.5ton EV excluding initial Cost of Vehicle?

almoore - 09 Apr 2009 20:31 - 141 of 392

Fred
Taken from smiths ev site - www.smithselectricvehicles.com -
Edison is the 1.5 ton vehicle.
Fuel (electric charging) costs are just .04p per mile over 75% less than equivalent diesel vehicle. Intrestingly it also says there are over 1000 moving parts in a diesel drivetrain but only 4 moving parts in the electic version.

almoore - 09 Apr 2009 20:37 - 142 of 392

Fred
re above - correction - Edison is the 3.5 ton version. How many do you want ?

Fred1new - 09 Apr 2009 22:35 - 143 of 392

There is a difference between, how many I want, how many I need and how many I can afford.

I was interested in running costs, which if as reported are a damn sight cheaper than my motor home. But the latter used to take me further.

I hold more of these shares than I should.

Juzzle - 10 Apr 2009 10:46 - 144 of 392

They used the Results statement to shovel massive goodwill write-offs outta the way, so those no longer remain an issue going forward.

I think the next good news will come from the US rather than the UK. Over there, even a 'trial order' can involve what would amount to a quantity fleet order in the UK! A single trial involving a dozen trucks would not surprise me. Though there will be a lag in delivering them if production is not going to be in full swing for a few months yet.

Juzzle - 10 Apr 2009 11:05 - 145 of 392

Halifax - an image or two of Tanfield's electric lorries. As kimoldfeld says, only small lorries. But not describable as vans

Fred1new - 10 Apr 2009 11:19 - 146 of 392

One of the major limitations of the vehicles is the limited range on one tankful of fluid.

Fifty years ago I drove a electric forklift truck, which I think was charged over night, but also I "think" or "thought" that they could change the battery over leaving one of the two on charge?

What is the cost of a "battery unit" and could they be easily interchangeable?
I would also like to know is how long it takes to charge the batteries?

Perhaps, I should have asked some questions before I bought the shares.

almoore - 10 Apr 2009 12:40 - 147 of 392

Fred
Youre asking for trouble if considering switching from mobile home to electric truck from the wife me thinks !!!
Because of somewhat limited range (100-150 miles)until battery technology improves lorries/trucks are ideally suited for inner city use with recharge overnight. Benifits from no road tax or London congestion charges.
Juzzle
Larger vehicles exist - see www.smithselectricvehicles.com for complete range.

halifax - 11 Apr 2009 09:06 - 148 of 392

Juzzle those look like milk floats certainly not lorries more like light trucks.

cynic - 11 Apr 2009 09:11 - 149 of 392

as an ex-fan of this company, i am afraid i see nothing to encourage ...... their figures were truly vile and AVOID is about as polite as i can be about this share

almoore - 11 Apr 2009 18:47 - 150 of 392

halifax
ref the photo's in post 145. The small green/white truck with A plant on the front is a tanfield vehicle - edison 3.5 ton. The other duplcated vehicle is not tanfield. Tanfield produce large trucks small trucks and vans - see www.smithselectricvehicles.com for complete range,

cynic - 11 Apr 2009 19:17 - 151 of 392

and very big losses

hlyeo98 - 11 Apr 2009 22:57 - 152 of 392

... and very impressive drop in share price.

hlyeo98 - 11 Apr 2009 23:00 - 153 of 392

Tanfield falls to 88.8m loss on 'cherry pickers'

Tanfield was once praised by former Prime Minister Tony Blair as an example of "UK manufacturing innovation at its best" but suffered a pre-tax loss of 88.8m in the year to the end of December, compared with a profit of 10.4m a year earlier.

The company said the loss was caused by the "global collapse in demand" for high level access vehicles, or cherry pickers, forcing it to write down the value of its division which makes cherry pickers by 89.6m.

Darren Kell, the chief executive, said sales of cherry pickers "fell away precipitously" in the second half of last year as the financial crisis gripped the construction sector. He warned that he expects the market to "contract further" in 2009.

The shares, which lost nearly 90pc of their value in one week last summer after a string of profit warnings from the company and its competitors, yesterday closed up 10pc to 10p.

Keith Ashworth-Lord, analyst at WH Ireland, said: "With no free cash flow to value, little accounting earnings and no prospect of a dividend for years to come, the shares are little more than a speculative recovery play."

Mr Kell said the Aim-listed company has cut about 300 staff, including 100 in the UK, in an attempt to reduce costs.

Amid the gloom Mr Kell said he hopes Prime Minister Gordon Brown's plan to encourage commuters to switch to electric cars as part of a "green revolution" will propel the company back to prosperity in the future.

"There is clearly a desire for more electric vehicles in the UK and Europe," he said. "While it will not be a panacea it will have an important impact on our company and the transport sector."

almoore - 11 Apr 2009 23:19 - 154 of 392

Cynic - sounds like you may have lost some money on tan ?.
Youre talking about last year but it here and now and priced at only 10p with 12 million in the bank and no debt. Sev us (see www.sev-us.com - tanfield has 49% share ) is developing strongly in the states . Americans support their own industries and many large us companies are showing fleet interest.
Some talk of benefits for electric vehicles in pending budget.
imho

cynic - 12 Apr 2009 09:27 - 155 of 392

i made money and i lost money but both points are totally irrelevant ...... wake up and smell the coffee, or more precisely, smell the rotting flesh of a once promising company ..... and yes, i know Lazarus came back from the dead

almoore - 12 Apr 2009 12:19 - 156 of 392

re hyieo post 153 above. I think this came from the daily telegraph.
Negative reporting - conveniently fails to mention following significant points:-
1 Over 11 million pounds in bank - no debts
2 recent link up with ford in usa to assemble electric ford transit vehicles
3 link up with sev us (tanfield own 49%) to produce electric vehicles in us
See rns - final results - tanfield released 0700 08/04/08

halifax - 13 Apr 2009 19:43 - 157 of 392

al all we can say is there were electric powered milk floats 50 years ago so what's new that is going to make TAN a fortune?

cynic - 13 Apr 2009 19:54 - 158 of 392

nowt!

XSTEFFX - 13 Apr 2009 20:44 - 159 of 392

Manganese Bronze, one of the main manufacturers of London black cabs, has signed an agreement with electric vehicle maker Tanfield to make battery powered taxis that should hit the streets by mid 2009.

required field - 13 Apr 2009 20:47 - 160 of 392

Nothing to do with this, but oil is down $3 on not much demand....so looks like the oilies will be pulled both ways tomorrow morning as they were having a bit of a bull run the last couple of weeks (thought I'd post here as everybody seems here tonight !).

jkd - 13 Apr 2009 22:39 - 161 of 392

i took a flyer at 6 and a bit no stop loss. i think maybe one or two others did the same.
i dont often do such things, in fact very rarely. anyway i've now put in a stop loss.
dont ask. Lol. good luck to all us holders.
regards
jkd

kimoldfield - 14 Apr 2009 09:25 - 162 of 392

Cynic "and yes, i know Lazarus came back from the dead" Lol!! I quite understand your doubts about TAN but I think they would object to being likened to Lazarus, they are nowhere near the tomb yet! I would say that they will rise from the ashes of a once over hyped company that crashed and nearly burnt out but who are now firmly in control of their outgoings etc. I don't think for one minute that a company like Ford, at this stage in their fight for survival, would get involved with a company which will not be here next year. I feel that should TAN show signs of beginning to crack up again, Ford would probably take them over rather than lose the technology. But that's just my personal view. One thing is for sure, Smith Electric Vehicles is becoming a popular name in the US. They seem to be getting involved in a few states, Ohio being one:-

http://www.earthdaycoalition.org/cleantransport/events/ohio-electric-drive-event

Juzzle - 14 Apr 2009 09:45 - 163 of 392

"..The other duplcated vehicle is not tanfield.." (Almoore, post 150)

Yes it is. The (Avia-based) Newton is avialable not just in van form, but as a chassis model that can be fitted out as a flatbed/dropside/tipper/whatever. The one in this picture is in use in Westminster. See this from the Case Studies page at the Smith website Case Studies - Newton tipper

Halifax - the Newton is available in sizes up to 18 tonnes. I don't think you can dismiss that as a mere milk float ;o)

Juzzle - 14 Apr 2009 10:05 - 164 of 392

halifax - 13 Apr 2009 19:43 - 157 of 163
al all we can say is there were electric powered milk floats 50 years ago so what's new that is going to make TAN a fortune?

cynic - 13 Apr 2009 19:54 - 158 of 163
nowt!

Errrm.. what's new is the entire political and environmental climate. And associated legislation.
What's new is we've moved into the 21st century. You should come and join us ;o)

The internal combustion engine has served us well for a hundred years and will continue to do so for a while yet - but it is SO last century, dontcha know. It's gradually on the way out, and electric power is on the way in. Every mainstream vehicle maker worldwide has now taken a stake in electric as the future for road transport. So has Warren Buffett with his $230m stake in BYD. The only difference between them is in timeframes. I reckon that 7 years from now, even the sneerers on this thread will be driving one. The EV tide is inexorable.

halifax - 14 Apr 2009 10:10 - 165 of 392

Juzzle has it not occurred to you that the electricity required to power evs has to be generated mainly by burning fossil fuels. Perhaps we should go back to sailing ships to reduce polution?

Juzzle - 14 Apr 2009 10:24 - 166 of 392

Yes Halifax - as a member of various green campaign groups for over 40 years I know all about electricity generation. I campaign for progress at both ends of the chain - I don't use delays at one end as an excuse to ask for delays at the other end ;o)

On any well-to-wheel comparison, switching to EVs is environmentally beneficial even when allowing for coal-fired electricity generation. Progressively moving towards renewables makes the benefits greater still ;o)

And where do you get the idea that "the electricity required to power evs has to be generated mainly by burning fossil fuels.." ?

No it doesn't. It can come from at least ten sources. Coal is dominant in some countries - renewables are already dominant in others - and the tide is moving one way.

You can scowl and throw up as many obstructive excuses as you like - but stand in the way and you might get run over by an almost silent truck someday soon ;o)
There are lessons to be learned from the story of King Canute!

almoore - 14 Apr 2009 10:37 - 167 of 392

juzzle
sorry - thanks for correction - electric vehicles ARE the future and tanfield is the world leader in evs (not cars yet)

cynic - 14 Apr 2009 11:17 - 168 of 392

but how far into the future, and does one really need to tie up funds here for the next decade? ...... oh OK then the next 3/5 years

Juzzle - 14 Apr 2009 11:17 - 169 of 392

Smith's US website at sev-us.com has a Press Room page which features numerous videos. Several have been added in the past few days. All are available at youtube.com including this one which is well worth watching. It runs for 6:49 minutes and involves input from Ford www.youtube.com/watch?v=xTBOtAeKYow

almoore - 14 Apr 2009 12:00 - 170 of 392

juzzle
excellent find - video well worth watching - indicates progress sevus is making stateside and confirms link up with ford and future fleet deal prospects.

kimoldfield - 16 Apr 2009 08:23 - 171 of 392

Another step closer to all ev's for the future?

http://www.guardian.co.uk/environment/2009/apr/16/green-cars-transport-incentives-emissions

Juzzle - 19 Apr 2009 23:49 - 172 of 392

Delivery firm DHL already had 3 Smith Newtons, and have recently ordered ten more. That's a nice endorsement.

hangon - 20 Apr 2009 18:15 - 173 of 392

It would be nice if TAN would bring out a "people carrier" since many of these are owned by large families with disposable incomes. Recent attacks on fuel-guzzlers includes these vehicles, due to their large engines/gross weight. Many are used for "school-runs" and whilst there are safety issues ("silence"), with EV's there are plenty of so-called "Environmental benefits" which means we will have to accept EV's in the next 10-years.
A major issue is the replacement battery-cost and lack of both Motorway//in-town charging points and the long-time it takes presently means that buyers need to be "encouraged".
I agree with others here, that the source of Electric Energy has to be put aside to get the EV into main-stream, and only "Volume" will reduce the price and put pressure on Councils to provide Town-centre charging points.
Persionally, I suspect we'll see supermarkets entering this Market, so you can charge your Battery, if you buy 100+ worth of goods. A 1-hour charge will restore the charge-level with care.

cynic - 20 Apr 2009 18:34 - 174 of 392

if Sweetheart really is going to promote electric cars, as i saw in the papers the other day, then there may be ba further fillip for TAN, though they are certainly not the only kid on the block

kimoldfield - 21 Apr 2009 08:25 - 175 of 392

Hangon, they have what is described as a "people mover", though it is still concept Ford say that the Tourneo Connect BEV will be mass produced if enough interest is shown in it; a lot of interest has been shown so I would imagine it is now on Ford's list of production BEVs (Battery Electric Vehicles).

almoore - 21 Apr 2009 12:57 - 176 of 392

Tan now 17.25 - 16.75 - up over 3 pence
Budget tomorrow could be benefitial to tan ?

skyhigh - 21 Apr 2009 13:00 - 177 of 392

Who knows ! but yep, it's looking good !

kimoldfield - 21 Apr 2009 13:11 - 178 of 392

If the Budget has motivation for either or both of the construction and 'green' motor (especially commercial vehicles) industries then it will be good for TAN. The sp won't hang around much, not that it's doing much hanging around at the moment!

required field - 22 Apr 2009 08:13 - 179 of 392

(Not in) but the the sp is doing fine..could be the buy on the rumour sell on the fact effect ....so a drop tomorrow ?.

Balerboy - 22 Apr 2009 08:38 - 180 of 392

Someones pulled the plug out, going down again....

kimoldfield - 22 Apr 2009 09:04 - 181 of 392

Just a bit of profit taking before the Budget. I'm still waiting for sales info from the US, that is where I believe the momentum will come from: next year should be a big one for TAN with a few fillips along the way in the meantime, though I am not sure if Darling will have much to help today.

kimoldfield - 23 Apr 2009 14:29 - 182 of 392

More progress in the USA.

California Energy Commission Adopts $176M Green Transportation Plan
23 April 2009
The California Energy Commission has adopted the states first transportation Investment Plan. The Alternative and Renewable Fuels and Vehicle Technology Programs Investment Plan allocates $176 million over the next two years to stimulate green transportation projects and encourage innovation to help meet the states aggressive climate change policies.

In its newly adopted Investment Plan, the Energy Commission proposes to expand the use of low carbon fuels and cleaner vehicles that are available today and open up the market for the more exotic technologies that are required in the future. Over the next two years, the Energy Commission will invest:

$46 million for electric vehicles, public charging stations, and manufacturing plants;
$40 million for hydrogen fueling stations;
$12 million for advanced ethanol fuel production facilities and E-85 fueling stations;
$43 million for natural gas vehicles, fueling stations and biomethane production facilities;
$6 million for advanced renewable diesel and biodiesel facilities; and
$2 million for propane vehicles.

The complete article is here:-
http://www.greencarcongress.com/2009/04/cec-green-20090423.html

Also reported today:-

$300 Million for US Clean Cities Fleet Programs
23 April 2009
The US Department of Energy will award $300 million in funding from the American Recovery and Reinvestment Act to state and local governments, and transit authorities to expand the US fleet of clean, sustainable vehicles and the fueling infrastructure necessary to support them.

This funding adds to the $11 billion already announced by the Department of Energy to bolster state and local government energy efficiency programs and weatherize low-income homes.

These funds will give local and state governments the tools to expand the use of advanced technology vehicles in their fleets while at the same time building the infrastructure needed for tomorrows clean economy.

Energy Secretary Steven Chu
The $300 million will support at least 30 alternative fuels or advanced vehicles projects and requires a 50% participant cost share.

Complete article at:-
http://www.greencarcongress.com/2009/04/clean-cities-20090423.html

craftyone - 26 Apr 2009 08:35 - 183 of 392

like this a lot

kimoldfield - 04 May 2009 13:53 - 184 of 392

From Friday's Kansas City Business Journal:-

Canteen Vending Services will have to sell a lot of snacks to cover its planned purchase of some of the first battery-powered delivery trucks produced at Smith Electric Vehicles U.S. Corp.s new assembly plant at Kansas City International Airport.

The Smith Newton trucks, expected to start rolling off the line in the third quarter, will cost about $140,000 each, said Tim Goff, a senior vice president of Canteens Charlotte, N.C., parent, Compass Group North America.

A typical truck we would buy costs about $40,000, Goff said, so thats about a $100,000 increment.

Nevertheless, Compass Group plans to buy about 30 Smith Newtons during the next year and could convert is entire 10,000-truck fleet to battery power if the pilot test proves successful.

halifax - 04 May 2009 16:33 - 185 of 392

Sounds like a really sensible business decsion buy one for the price of three, pull the other one!

cynic - 04 May 2009 16:42 - 186 of 392

thoroughly agree ..... can't see this helping TAN one little bit

ptholden - 04 May 2009 16:54 - 187 of 392

Well for my part Richard I called TAN a recovery play at 6p in October last year and although they dipped in January to 5p or so I'm quite happy to see 16p and not far from a 3 bagger. (Pity I didn't buy any!!)

kimoldfield - 04 May 2009 17:54 - 188 of 392

Don't underestimate the power of the drive for e/v's (nice pun huh?!) in the US; companies looking at the longer term will want to make the savings that will come from turning electric plus it is what the Government want.

kimoldfield - 12 May 2009 09:21 - 189 of 392

From yesterday's Kansas City Star.

Kokam America transplanted from South Korea, run by a Sri Lankan immigrant and based in Lees Summit may be the key to the next generation of local auto manufacturing. Kokam wants to build an 800,000-square-foot plant to manufacture batteries for electric-powered vehicles that U.S. automakers are feeling heat from Washington to build. President Barack Obama is pushing for 1 million American-made plug-ins on the road by 2015 and is offering ample federal incentives to help.

Last week, Gov. Jay Nixon visited Kokams current facility in Lees Summit, a relatively small plant that manufactures lithium polymer batteries for the military, aerospace and medical equipment.

Nixon is pushing the Missouri General Assembly to approve state incentives that would allow Kokam to build a $650 million plant in Lees Summit that would employ 900 people to make vehicle-sized batteries. The average salary would be $40,000.

We have an opportunity here, he said at a news conference after the tour. This is a fork in the road. This will expand into jobs and jump-start industries that need help with new technology and new products.

Sitting in the front row at Nixons event was Bryan Hansel, chief executive officer of Smith Electric Vehicles, another international hybrid, this one with British roots. In March, his company announced that it planned to build an assembly plant for plug-in electric delivery vans at Kansas City International Airport this summer.

But Hansel said the future of that facility, which will employ 120 people to start, depends on Kokam moving ahead with its massive battery plant in Lees Summit.

Hes got a one-year lease at a vacant maintenance hangar at KCI, with options for extensions, but he made it clear that a permanent presence in Kansas City depended on Kokam.

Where you have the worlds best batteries being built, thats where youll have vehicles being built, Hansel said. Its fundamental to us. If theres not a meaningful facility here, we wont be here long term.

Hansel said SEV plans to assemble 1,000 vehicles during its first year, with operations expected to begin this July.

Nixon, who traveled to Kansas City for the SEV announcement as well, believes the fledgling electric-vehicle industry is the real deal for Missouri.

SEV has people lined up to buy their products, he said. They had buyers before the first vehicles rolled off. Were not imagining something.

Don Nissanka, CEO of Kokam, said the batteries his company wants to build use technology developed in South Korea.

A vehicle can travel up to 150 miles before recharging, a process that takes two hours.

And its not just for clunky delivery vans.

A Kokam battery powers an electric version of the Lotus Elise, a British sports car.

The whole article is at:-
http://www.kansascity.com/business/story/1191357.html

Toya - 01 Jun 2009 10:25 - 190 of 392

What's going on at TAN today? Up 12%!

oilyrag - 01 Jun 2009 10:44 - 191 of 392

Hi Toya, it would appear that Tesco's are trialing 2 EV's.

skinny - 01 Jun 2009 10:59 - 192 of 392

Tesco goes electric

Toya - 01 Jun 2009 11:27 - 193 of 392

Thanks Oily and Skinny - would be amazing if they went for them!

cynic - 01 Jun 2009 11:43 - 194 of 392

do you mean, "amazing if they went for them
or
"amazing if they went for them"
????

XSTEFFX - 01 Jun 2009 11:51 - 195 of 392

Sir Terry Leahy, Tescos chief executive, told The Sunday Times: As Arnie Schwarzenegger, the governor of California, has said, you have to make it cool to be green.

skinny - 01 Jun 2009 11:51 - 196 of 392

Toya - the article actually says - Tesco, Britains biggest supermarket group, is backing electric cars. The food retailer is to start providing charging facilities in its car parks for battery-powered vehicles.

Nothing about trialing 2 EV'S !

Toya - 01 Jun 2009 11:56 - 197 of 392

You're right Skinny - just had a look at it myself.. Anyway, TAN is doing all right today so that's fine

kimoldfield - 01 Jun 2009 15:43 - 198 of 392

A nice little Director buy.

RNS Number : 1403T
Tanfield Group PLC
01 June 2009

Tanfield Group plc (the 'Company')

1 June 2009

Director Shareholding

The Company has been informed that Colin Billiet, Non-executive Director of the Company, has today purchased 305,000 ordinary shares of 1p each in the Company ('Shares') at a price of 16.25 pence per share.

Following this transaction, Mr. Billiet's interest in the Company comprises 599,000 Shares, representing approximately 0.16% of the Company's current issued Shares.

oilyrag - 01 Jun 2009 15:43 - 199 of 392

Director buys 305,000 shares at 16.25p each, equals 49,810.31 plus dealing charges.

hangon - 01 Jun 2009 17:32 - 200 of 392

This touches my arbitary 'significant-level' (50k+) - so I think this is good news that at least one Director sees some positive sp movement sooner or later. Now, let's see the others follow....

kimoldfield - 02 Jun 2009 15:33 - 201 of 392

Sad news for LDV if it is true:-

LONDON (Dow Jones)--U.K. van maker LDV Group Ltd. Tuesday said it had resubmitted its application for administration after a planned rescue bid fell through.

Malaysian vehicle importer Weststar Group withdrew from its planned deal to acquire LDV from Russian automaker OAO GAZ Group (GAZA.RS), according to an article on the BBC Web site.

Weststar couldn't be reached for comment. A spokesman for LDV declined to comment.

Looking on the brighter side from TAN's point of view, LDV would have been building electric vehicles so you could say it is a rival gone.

kimoldfield - 02 Jun 2009 17:19 - 202 of 392

A 328,226 (55k) share purchase went through at 15.57 today, no mention of a further director buy at present though. Still, that's no small confidence buy!

hangon - 02 Jun 2009 17:47 - 203 of 392

FWIW I thought LDV's attachment to "green/electric" was tissue-thin . . . . if they really wanted to do this, the time to start was four years ago, believing the "green revolution" would continue - they would have planned to phase-out petrol/diesel vehicles as the Market demandede . . . . . . so I suspect they didn't have any intention - at least until they started to go belly-up as sales fell dramatically.
LDV moving into "electric" would be a huge change of Mind-set and probably the wrong place to start.
At least Tanfield has some experience in this field, although I don't think "electric" sales will be huge, unless the Gov switches their scrappage-scheme ( maybe 5k from the Gov.), if folk buy dual-fuel/electrics.
I hold a few.
EDIT (3June09)-15.25mid . . . . 10% drop today, on sales 1.9m, against Buys 900k

kimoldfield - 09 Jun 2009 02:02 - 204 of 392

Sainsburys adds 50 electric vans to delivery fleet.
http://www.logisticsmanager.com/Articles/11658/Sainsburys+adds+50+electric+vans+to+delivery+fleet.html

kimoldfield - 09 Jun 2009 02:15 - 205 of 392

Also worth reading:-

http://www.london.gov.uk/view_press_release.jsp?releaseid=22338

kimoldfield - 09 Jun 2009 12:16 - 206 of 392

Tanfield/SEV are featured in the half hour BBC 2 Money Programme at 10pm tonight, 'Gerry Robinson's Car Crash' is the title of the programme. BBC Wales is showing it at 11.20pm.

Tanfield/SEV should benefit from Boris Johnson's Electric London push, but I still feel that the main money will come from America. Apparently there is a US Postal Service van parked outside Tanfield's Tyne & Wear headquarters; putting aside the possibility that it has got lost during it's round, it would seem to indicate that the USPS may be considering SEV as an alternative vehicle supplier. As the USPS is strapped for cash, BEVs may not be top of the list of their priorities although if they were assisted by the US 'green' push, who knows?

almoore - 18 Jun 2009 10:47 - 207 of 392

TANFIELD agm today - starts 10:30 . Management looking for share consolidation
at ratio of 5 to 1 ie 15p share will become 75p with share holding reduced accordingly - Hopeful some good news will be released at same time.
imho dyor

skyhigh - 18 Jun 2009 11:01 - 208 of 392

Yep, let's hope we get some news and it's good as you say.... we've been starved of news.. would've thought that Tan would be working on a lot of developements/opportunities etc. (imo)

skyhigh - 18 Jun 2009 11:47 - 209 of 392

Whoops! doesn't look too good does it ?

Hopefully, it'll buck up when consolidation is completed

almoore - 18 Jun 2009 11:56 - 210 of 392

Thinking again I feel this share has been held back in last ten days ish so that consolidation can take place after market close today at 75p new share price, thus any good news would also have to be held back till after market close.
imho dyor

almoore - 18 Jun 2009 16:18 - 211 of 392

GOOD AGM
11 Million cash intact - no rights issue ST or MT - No further impairments on balance sheet - confident in EV supply chain - Chairman Roy Stanley long term goal, profitability and dividend. After share consolidation overnight chance of some more good news before start tomorrow.

skyhigh - 18 Jun 2009 16:37 - 212 of 392

Thanks almoore.....good summary.looking forward to seeing the RNSs

kimoldfield - 18 Jun 2009 16:47 - 213 of 392

From a poster on another BB:-

The only things I might add,
-RS stressed that people didn't fully understand the power of the relationship with Ford.If sales took off he expected assembly to move to Ford premises.
-RS again stressed the importance of government incentives to drive sales.Sales of 2000+ would reduce cost (as Mal.said) of vehicle by 50%
-The ugly USPS van was inside,for 'assessment' I was told.
-In a separate line for assembly of Edisons were 1-10 marked for Sainsbury.
-4 LTI taxis were inside (they've been there for ages.)
-The upright guy conducting part of the inside tour said orders had improved a bit lately.

kimoldfield - 18 Jun 2009 16:51 - 214 of 392

As far as the Electric taxis are concerned, I recently spoke to a representative of Manganeze Bronze who told me that "this project is ongoing and I believe we are still trying to obtain funding".

kimoldfield - 19 Jun 2009 08:57 - 215 of 392

Smith Electric will make first all-electric aerial-bucket truck.

Kansas City-based Smith Electric Vehicles U.S. Corp. announced Thursday that it has teamed up with Altec Industries Inc. to introduce Americas first all-electric utility truck with an aerial device.

The truck will be unveiled Monday at the Electric Utility Fleet Managers Conference in Williamsburg, Va., Smith Electric Vehicles U.S. said in a release.

I can't find any reference to this announcement on any of TAN/SEV's websites but anyway, the full article is at:-

http://orlando.bizjournals.com/orlando/othercities/kansascity/stories/2009/06/15/daily38.html?s=industry

kimoldfield - 22 Jun 2009 14:06 - 216 of 392

A nice picture of the SEV US shiny new utility truck with an aerial platform:-
http://www.khl.com/magazines/access-international/detail/item39546/SEV-&-Altec/

kimoldfield - 23 Jun 2009 11:57 - 217 of 392

A NORTH-EAST consortium, including Nissan, in Sunderland, and Smith Electric Vehicles, part of the North-East based Tanfield Group, will today receive Government funding to put a fleet of electric or low carbon vehicles on Britains roads in the next year.

http://www.thenorthernecho.co.uk/business/4453119.Group_gets_funding_for_electric_car_fleet/

http://www.sunderlandecho.com/news/10m-injection-fuels-electric-car.5391314.jp

kimoldfield - 23 Jun 2009 12:15 - 218 of 392

There is a further announcement due tomorrow with regard to funding for electric commercial vehicles.

Toya - 24 Jun 2009 07:37 - 219 of 392

RNS today:
Electric Passenger Vehicle Development & Trial

"... The Company will be eligible to receive 1.6m in Government funding towards a total project cost of 3.2m to develop and trial a total of 16 vehicles as part of the Ultra Low Carbon Vehicle Demonstrator Programme - a scheme funded and administered by the Government's Technology Strategy Board ...
Darren Kell, CEO of Tanfield, said: 'This funding will support our plans to transfer leading edge electric vehicle technology from our vans and trucks into passenger vehicles. This project opens up a raft of exciting possibilities for us..."

Big Al - 24 Jun 2009 09:10 - 220 of 392

Interesting. ;-))

kimoldfield - 24 Jun 2009 09:21 - 221 of 392

Hmm! What could be very, very interesting is a possible link between SEV and Ford in producing an electric powered Focus :-
http://fwd.five.tv/news/electric-ford-trials-to-begin-in-2010

kimoldfield - 24 Jun 2009 09:22 - 222 of 392

"The electric Focus will use the technology from Fords Tourneo Connect battery electric vehicle concept. Developed in conjunction with Smith Electric Vehicles, it uses a 21kWh lithium ion phosphate battery to drive a 50kW permanent magnet motor, while drive is sent to the wheels via a single-speed transmission."

Beginning trials in 2010.

Toya - 24 Jun 2009 11:19 - 223 of 392

I think the CEO is right in saying: "This project opens up a raft of exciting possibilities for us..."

- I'm happy to wait for this to fiilter through to the sp.

kimoldfield - 24 Jun 2009 11:51 - 224 of 392

RNS number 2 today......good content!

RNS Number : 4228U
Tanfield Group PLC
24 June 2009

The Tanfield Group PLC
('Tanfield', or 'the Company')

24 June 2009

Tanfield Named as Preferred Supplier in Government Electric Van Programme

Tanfield is pleased to announce that it will be part of the UK Government's Low Carbon Vehicle Procurement Programme ('LCVPP'), administered by the Department for Transport ('DfT').

The LCVPP will provide subsidies for select public sector bodies to procure electric and low carbon vans.

Tanfield, a key supplier of the electric vans included in this project will supply the Smith Edison, a vehicle already in production at Tanfield's Washington production facility, which is based on the popular Ford Transit panel van.

The DfT will provide grant funding towards the procurement of the vehicles, covering the incremental cost of the low carbon option compared with a conventional vehicle.

The first phase of the LCVPP will see a total of four suppliers deliver a maximum of 150 electric vans to 12 public sector bodies, including the Royal Mail, HMRC, Government Car & Despatch Agency, Metropolitan Police, Environment Agency, Transport for London and six consortia of local authorities.

The DfT is collating the requirements of the participating end users and will shortly inform each supplier of the number of vehicles it will be producing for phase one.

If the first phase of the programme is successful, the DfT will look at the opportunity to expand the trials into the wider public sector.

Darren Kell, CEO of Tanfield, said: 'This programme gives us the opportunity to strengthen existing customer relationships and expand our end user base.

'We will be working hard to ensure that this first phase is a success, so that the DfT rolls out a wider subsidy programme to the public sector as a whole.'

Tanfield will provide an update on the LCVPP phase one vehicle production orders as soon as these are formally notified.

halifax - 25 Jun 2009 14:56 - 225 of 392

TW of T1ps has poted a sell note today.

kimoldfield - 25 Jun 2009 15:54 - 226 of 392

That makes it a firm buy then! ;O)

skyhigh - 25 Jun 2009 16:14 - 227 of 392

My thoughts as well !.. how many times has TW tipped a share and it's tanked!

halifax - 25 Jun 2009 16:34 - 228 of 392

You may well be right TW doesn't appear to like TAN's management as he says they have disappointed investors too many times.

hangon - 25 Jun 2009 23:50 - 229 of 392

Er, I'm not sure that TW should be shouting too much.
Tanfields management is typical of many UK-stock companies - - - - richly rewarded to perform just sufficiently to keep the company afloat . . . . sadly it needs only a small "shock" to make them flip themselves into Basket Cases.
I have a small holding in Tan, based on the assumption that their business is "real" ( that is they supply goods that customers want) - and- should pick-up in the hoped-for UK Recovery, . . . . . . . . whenever that is.

kimoldfield - 26 Jun 2009 00:42 - 230 of 392

"RS stressed that people didn't fully understand the power of the relationship with Ford." I think that speaks voulmes: as I have said before, I don't think Ford would hook up with TAN/SEV if they were not confident in the technology of the company. SEV's vehicles are tested, approved and have been in service for many years. I'm sure that Ford will have assessed all the current ev manufacturers' products and capabilities and would not have come to a decision lightly that TAN/SEV would fit in with their needs in the advancement of their own evs. Ford will also use other manufacturers in addition to TAN/SEV for sure. There is a long way to go before the battery vehicles can be said to be the best thing since sliced bread but taking into consideration what is being thrown at the technology now, do not be surprised if you see announcements of more orders for the vehicles than even the most optimistic of those in the industry could hope for. Battery technology will move ahead in leaps and bounds imo now that there will be an increased demand. Patience is required!

skyhigh - 29 Jun 2009 08:17 - 231 of 392

Switched into ROs this morning @ 82p (sold TAN).
Already ROS is going in the right direction... it's looking good for pos+ news soon
Onwards & upwards!

Might go back into TAN later in the yr when situation becomes clearer!

skinny - 30 Jun 2009 15:06 - 232 of 392

Down 10% on relatively low volume.

Chart.aspx?Provider=EODIntra&Code=TAN&Si

hangon - 02 Jul 2009 17:50 - 233 of 392

This CONsolidation has done no good -(do they ever?) - so TAN needs to get moving soon. Of course very few vehicle sales are happening right now, so I'll have to be patient....

maestro - 05 Jul 2009 10:05 - 234 of 392

this will go back to 4p just like all the other stupid consolidations..one big management masonic scam just like friggin jarvis,eicom etc...trust me

2517GEORGE - 06 Jul 2009 13:37 - 235 of 392

Don't think it'll go quite that far maestro, but down heavily today, if it goes sub 45p (9p pre consolidation) then I may well get back in.
Good Luck All
2517

hlyeo98 - 06 Jul 2009 14:51 - 236 of 392

Wow! Looking steepish in TAN. Too bad I miss this.

halifax - 06 Jul 2009 16:01 - 237 of 392

Looks like TW was right where's the floor?

cynic - 06 Jul 2009 16:06 - 238 of 392

if the markets are determined to tumble (consolidate), then it is a racing certainty that the mini-minnows will get clobbered the hardest, for they tend to be the least liquid and are also more likely to be help by small margin-traders who are then forced to liquidate

almoore - 08 Jul 2009 08:55 - 239 of 392

Reason for drop a couple of days ago?

SEVUS Kansas factory opening delayed by 1 month, but some staff for there now being trained at SEV;

http://www.kansascity.com/business/story/1309453.html

almoore - 08 Jul 2009 09:46 - 240 of 392

Re 50 electric vehicles purchased by Sainsburys recently. Sainsburys being the purchaser can decide when the seller is revealed - probably next wednesday as its their AGM and able to make a headline along with their other green issues. Were they purchased from tanfield ? Well as they have previously purchased tanfield vehicles they are clearly odds on favourites.

Fred1new - 09 Jul 2009 17:52 - 241 of 392

Interesting summary.

http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10034007&campaign=newsletter0001&link=tanfield_weeklyalert_268_272&cp_c=ndc67y

almoore - 10 Jul 2009 08:26 - 242 of 392

Now you can read it Fred - good find.

http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10034007&campaign=newsletter0001&link=tanfield_weeklyalert_268_272&cp_c=ndc67y

skinny - 20 Jul 2009 11:02 - 243 of 392

Nissan to creat hundreds of jobs

kimoldfield - 23 Jul 2009 02:27 - 244 of 392

News beginning to filter in from the USA.

http://www.sfexaminer.com/opinion/columns/oped_contributors/A-Big-Blue-Bucket-Truck-will-soon-save-our-economy-51372092.html

Also, apparently, 6 Smith Newton trucks will be handed over on the Capitol Mall in Washington to:-
Coca Cola Enterprises.
Frito-Lay.
AT&T.
Staples Inc.
Pacific Gas and Electric Co.
Kansas City Power and Light.

http://blogs.edmunds.com/greencaradvisor/2009/07/smith-electric-vehicles-set-to-deliver-first-trucks-made-in-us-plant.html

Further coverage of the Washington hand over, which is due to take place on 28 July:-

http://www.electricdrive.org/index.php?ht=display/ReleaseDetails/i/13306

There was an RNS yesterday referring to a small share purchase by a Director:-

The Company has been informed that John Bridge, Non-executive Director of the
Company, has today purchased 10,000 ordinary shares of 5p each in the Company
("Shares") at a price of 59.875 pence per share.

Following this transaction, Mr. Bridge's interest in the Company comprises
20,508 Shares, representing approximately 0.03% of the Company's current issued
Shares.

It's slow, but it is progress!

kimoldfield - 23 Jul 2009 02:49 - 245 of 392

It is worth noting, from the Electric Drive Transportation Association website, the following list of 'guests' at the Washington event:-

Members of Congress, leaders from the Department of Energy, Department of Transportation, General Services Administration, the U.S. Postal Service, and other honored guests at this historic event.

The U.S. Postal Service have been purchasing ev's from Ford and Chrysler for some years now and are due to begin using a fleet of 250 Chrysler battery mini vans. There has, apparently, been a U.S. Postal Van parked at Tanfield for a while. Although not stated, it could be presumed that they will include a few Smith Newtons in their fleet, otherwise unless purely to appear to be supporting 'green', why would they be included in the Washington party?

kimoldfield - 27 Jul 2009 22:56 - 246 of 392

http://www.usnews.com/blogs/washington-whispers/2009/07/27/electric-trucks-arrive-on-capitol-hill.html

Big Al - 28 Jul 2009 14:19 - 247 of 392

RNS Number : 4115W
Tanfield Group PLC
28 July 2009

28 July 2009

The Tanfield Group Plc ('Tanfield')

FIRST TANFIELD ELECTRIC TRUCKS DELIVERED TO MAJOR US CORPORATIONS

Smith Newton electric trucks will be delivered later today to six customers, including four Fortune 500 Companies:

Pacific Gas and Electric Company

Coca-Cola

Staples

Frito-Lay

AT&T

Kansas City Power & Light

Smith Electric Vehicles US Corporation will today deliver electric trucks to six customers in North America, including four Fortune 500 companies, at a launch event in Washington DC.

Coca-Cola, Staples, Frito-Lay, AT&T, Pacific Gas and Electric Company (PG&E) and Kansas City Power & Light (KCP&L) will become the first customers to take delivery of the Smith Newton truck. In total they have committed to an initial 30 seed vehicles.

Newton was launched in the UK by Smith Electric Vehicles, a trading division of The Tanfield Group Plc, in 2006. Newton is produced in North America by Smith Electric Vehicles US Corp, based in Kansas City, Missouri.

Darren Kell, CEO of The Tanfield Group Plc, said: 'The electric vehicle technology delivered to these customers today can readily be delivered to fleets in every major town and city in North America.

'The Smith Newton provides depot-based truck fleets with a realistic, zero emissions transport solution that both lowers greenhouse gas emissions and helps improve air quality in our urban centres.'

Missouri Senator Kit Bond, who is hosting today's launch event, said: 'These next generation electric vehicles Smith is producing demonstrate exactly the kind of technology we need to reduce greenhouse gas emissions and end our dependence on foreign oil.

'Missouri is a growing leader in exciting new battery technology, making it an ideal partner for all-electric vehicle manufacturing.'

For further information:

The Tanfield Group Plc +44 (0)845 1557 755
Darren Kell, CEO
Charles Brooks, FD

Arbuthnot Securities +44(0)20 7012 2000
Nomad and Broker
James Steel

hangon - 28 Jul 2009 18:17 - 248 of 392

This is semi "Good News" - for this tiddler, but shows that saving the planet is still a PR effort in USA.

These US-companies are taking delivery of - ( is it ONE, each?), so they can get publicity - and that their Brand will be broadcast hither and thither. Let's hope TAN/Smiths manage to get their name in there, somewhere. I note the total is 30-vehicles, but there is no mention of the time-frame....let's hope it features completion this financial year, eh?

+++ It does mean there is no-one else that satisfies the best "Green" niche, so that is the message I take. To that extent it's good, but needs careful work so the next delivery is one more of many.

Current sp 66p, is a tad below the CONsolidation, but rising.

kimoldfield - 28 Jul 2009 21:30 - 249 of 392

http://www.stltoday.com/blogzone/political-fix/political-fix/2009/07/a-plug-for-these-missouri-made-trucks/

kimoldfield - 30 Jul 2009 09:55 - 250 of 392

Hopefully Roy Stanley's TAN/SEV in tray is full!

RNS Number : 5287W
Optare PLC
30 July 2009

Optare plc
(the 'Company' or 'Optare')

Directorate Change

Roy Stanley, the Company's principal shareholder and former Chairman, has informed the Board that, in order to devote more time to his other business interests and in order to avoid any future potential conflicts of interest, he no longer wishes to stand for re-election at the Company's Annual General Meeting ('AGM') which is to be held later today. Accordingly he will retire from the Board immediately post the AGM.

Roy Stanley was the creator of today's Optare business, when he reversed Darwen Group into Optare in June 2008, and will remain as the Company's largest shareholder. The Board would like to thank Roy for his hard work and dedication to the Company over the last few years.

skinny - 03 Aug 2009 06:37 - 251 of 392

Nissan rolls out new electric car

kimoldfield - 03 Aug 2009 09:17 - 252 of 392

From The Independent:-

Warning: Oil supplies are running out fast
Catastrophic shortfalls threaten economic recovery, says world's top energy economist.

http://www.independent.co.uk/news/science/warning-oil-supplies-are-running-out-fast-1766585.html

All the more reason to go electric then! :o)

kimoldfield - 05 Aug 2009 01:27 - 253 of 392

SEV US & Tanfield are now recruiting staff.

kimoldfield - 05 Aug 2009 11:36 - 254 of 392

RNS Number : 9150W
Tanfield Group PLC
05 August 2009

The Tanfield Group PLC
('Tanfield', or 'the Company')

5 August 2009

Tanfield Completes Negotiations over US Associate

Further to its announcement of 6th February 2009 Tanfield is pleased to announce that it has now entered into a licence agreement (the 'Licence') and shareholders' agreement ('Agreement') with its US Associate, Smith Electric Vehicles US Corporation (SEV US Corp).

Under the Agreement and following the completion of the SEV US Corp fundraising (the 'Fundraising'), which is expected to be closed shortly, Tanfield will hold 49% of the equity of SEV US Corp. In addition, to protect Tanfield's shareholding from dilution, Tanfield has been issued with a warrant with an exercise price of $0.01 per share over 49% of the aggregate of: (i) any shares issued pursuant to SEV US Corp's 2009 Incentive Compensation Plan and (ii) any SEV US Corp's shares issued pursuant to the Fundraising with a value of over $7,500,000 and up to $15,000,000.

In exchange, pursuant to the Licence Tanfield licenses Intellectual Property Rights (IPR), brand and all existing sales and sales enquiries in North America. Additionally, SEV US Corp will pay Tanfield a royalty calculated as 2% of the sales price of each vehicle up to 1m, and 1% per vehicle thereafter with an immediate advance against royalties of 1 million, the license can only be terminated in the event of non payment of royalties and non performance.

Nice. Very nice.

kimoldfield - 05 Aug 2009 17:44 - 255 of 392

http://www.earthtimes.org/articles/show/us-department-of-energy-awards,916991.shtml

skinny - 05 Aug 2009 17:50 - 256 of 392

Interesting times !

kimoldfield - 24 Aug 2009 03:23 - 257 of 392

Getting more interesting!

http://movementbureau.blogs.com/projects/smith-electric/

splat - 26 Aug 2009 14:16 - 258 of 392

skinny - 11 Sep 2009 12:14 - 259 of 392

Back to 12p (pre 1:5)

Chart.aspx?Provider=EODIntra&Code=TAN&Si

Balerboy - 15 Sep 2009 09:47 - 260 of 392

Interesting article:
Published: Tuesday, September 15, 2009 at 3:30 a.m.
Last Modified: Monday, September 14, 2009 at 10:29 p.m.
FRANKFURT | Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy's Fiat. The past year's turbulence will be reflected this week in a smaller U.S. presence at the Frankfurt Auto Show along with the new electric vehicles many hope will secure the auto industry's post-recession comeback.

GM's Cadillac brand won't have a presence in the sprawling Frankfurt Messe exhibition center when the show opens to the news media today, and Chrysler's Dodge and Jeep have moved to the Fiat SpA stand.

And GM's European brands, Opel and Saab, will only serve to remind that GM is selling them. Other notable absences include Mitsubishi, Honda and Nissan's Infiniti, which are instead focusing on the upcoming Tokyo Motor Show.

Industry observers and the public will focus on advances in electric cars and hybrids, and for improvements that might bring the vehicles into the mainstream. They'll also look for clues about forthcoming small-car offerings from U.S. carmakers aiming to improve their line of fuel-efficient vehicles.

Top new product offerings include four new electrics from Renault, with one headed for consumers by 2011, including one with no internal combustion engine at all; a hybrid Mercedes B-Class, called the F-Cell, which sports a fuel cell and an electric motor; and the first plug-in version of Toyota's Prius hybrid, meaning its batteries can be charged from a household outlet.

GM will tout its Chevrolet Volt, a plug-in electric which uses an internal-combustion engine to extend its range beyond the standard commuting distances its batteries are designed to handle.

Those cars are headed for consumers soon, but BMW AG gives a look farther down the road with its low-slung supercoupe, the Vision Efficient- Dynamics. It's a high performance, plug-in diesel-electric hybrid powered by a three-cylinder 1.5-liter turbo engine, and by not one, but two electric motors, one for the rear wheels, one for the front.

The BMW coupe is a concept car, designed to show designs and technology that might or might not be reflected in production models in coming years.

Those looking for an idea of U.S. automakers' small-car offerings can look at Ford's redesigned C-Max, as the company beefs up its small-car arsenal globally.

Ford said it hasn't scaled back at the show, as its European division vehicles are better sellers than GM and Chrysler brands.

'Ford in Europe is dominant there,' said Stephanie Brinley, senior manager at AutoPacific Inc., a U.S- marketing and consulting firm. 'Chevy has a presence but Opel is GM's volume brand.'

Opel has a new version of its Astra, its mainstay in European markets. The Astra will also give a preview of GM's plans for small cars in the United States. While GM has announced plans to sell 55 percent of its European subsidiary to parts supplier Magna International, it will keep a minority stake so it can keep developing small and medium sized cars with Opel. The Astra uses an architecture Opel developed for GM to use in small cars worldwide, including the Volt.

'There will be an electric car at almost every stand,' at this year's Frankfurt show, Ferdinand Dudenhoeffer, an industry expert at the University of Duisburg-Essen said, although it would be some time before they are on the production line and in dealer show rooms.

'Like in hybrids, the Japanese are ahead of the Germans in electric cars,' he said. 'One of the reasons is the battery technology which in Japan is systematically further developed.

'Another reason is Germans' strength in diesel,' Dudenhoeffer said. 'Large parts companies like Robert Bosch, for example, are behind the curve in batteries and electric cars,' compared to the Japanese, he said.

He said Toyota has already built its 2 millionth hybrid car this year an important link in the electric car chain while Daimler's Mercedes S400, the only German hybrid on the market so far, has built less than 200 of the cars to date.

In August, Nissan Motor Co. in Japan unveiled the Leaf, an electric car scheduled to go into mass production for a global market in 2012. And U.S. President Barack Obama committed $2.4 billion in federal grants to develop next-generation electric vehicles and batteries in the U.S.

Last month, Germany's government said it would spend about $730 million over the next three years on a plan to put 1 million electric cars on the road by 2020, including about $250 million into battery research.

The heavy batteries that take the place of international combustion engines and gasoline are expensive to produce, and countries like South Korea and Japan are far ahead in research and development. Improving them is key.

Analysts expect global production of purely electric cars to expand rapidly in the coming years. IHS Global Insight forecast that it will grow from nearly 9,500 this year to more than 58,000 in 2011.

Organizers said 753 exhibitors are on hand for the event, which will be opened to the public by Chancellor Angela Merkel Sept. 17 and run through Sept. 27.

Matthias Wissman, president of the German Association of Automotive Industry, said that 62 vehicle makers are at the show, with 82 world premieres.

Toya - 15 Sep 2009 09:50 - 261 of 392

Thanks for that BB :)

kimoldfield - 16 Sep 2009 17:38 - 262 of 392

Interesting story from the Sunderland Echo, as yet unconfirmed by TAN as far as I can see:-

"Washington firm signs 1m deal to supply electric trucks to Hong Kong

The Echo understands that Washington-based Smith Electric Vehicles part of the Tanfield Group has signed a 1million-plus deal which will give it a foothold in the lucrative Far East market.

The deal was completed at the national Low-Carbon Vehicle Event, held near Milton Keynes late last week.

News of the deal emerged during a visit to Smith's Vigo Lane factory by business minister Ian Lucas."

http://www.sunderlandecho.com/news/Washington-firm-signs-1m-deal.5650826.jp

skinny - 30 Sep 2009 07:15 - 263 of 392

Half Yearly Report

TIDMTAN

RNS Number : 9066Z
Tanfield Group PLC
30 September 2009

?
The Tanfield Group Plc
("Tanfield", "Group", or "the Company")
Interim Results for the six month period to 30 June 2009
30 September 2009
Tanfield Group Plc, the leading manufacturer of aerial work platforms and
commercial electric vehicles, announces its unaudited interim results for the
six month period to 30 June 2009.
Summary
* Turnover of GBP29.9m (H1 2008: GBP92.8m / H2 2008 GBP52.9m)
* Operating loss of GBP11.0m (H1 2008: Operating profit GBP10.3m / H2 Operating
loss GBP9.0m)
* Net cash at 30 June of GBP10.8m (31 December 2008: GBP11.1m)
* Staff costs reduced by 40% since H2 08

zephod - 30 Sep 2009 13:52 - 264 of 392

Thanks Skinny - i now know why my price alert triggered this morning !
I've been waiting for a while to get back into these, but somehow not inclined to buy just yet awhile - more fallout possible from those figures i suspect.....

halifax - 30 Sep 2009 15:28 - 265 of 392

Thier only hope is a bid.

hangon - 30 Sep 2009 17:25 - 266 of 392

The Co has cash to keep going.
+ and products that have good margins
+ Customer need.
What is at issue is that (right now) their customers are unlikely to order right now and hiring is not their bag, either; with the likes of Hire-shops finding life difficult.
Apart from aerial platforms for TV/security (an area they should be exploiting, in my view.
EDIT-(2Oct09)-Sorry I left-off (read last sentence!)...oops.
So (here) is it 20p? -um, er why? Do tell.
Jowever, bear in mind the 5:1 CONsolidation, and recent pityful Dir purchase:- Halifax, your "20p" equates to 4p earlier this year.(pre-CONsolidation ).

halifax - 30 Sep 2009 17:28 - 267 of 392

heading for 20p.

skinny - 01 Oct 2009 12:25 - 268 of 392

Hmmm - in auction!

splat - 02 Oct 2009 08:09 - 269 of 392

in auction again........

skinny - 11 Oct 2009 10:35 - 270 of 392

Conservatives make pledge on plugs for electric car owners

hangon - 11 Oct 2009 12:54 - 271 of 392

Tanfild makes Electric Vans.
I read that (Newpaper Article) .. . . . and it's like so many similar Political stories. The fact is that ( even if Tanfield is successful), Management is more concerned about the current demerger and lining their pockets, than any L-T viability of the Electric Car.
The reality is that a volume car-plant will gear up for these vehicles and TAN will not get a look-in.
I hold TAN yet distrust Management almost as much as the City, who paid 1.60 prior to CONsolidation....after the June09 5:1 CONsolidation that means the City ( that's your Pension Fund!) paid 8 against a current sp about 40p Yikes!
This demerger might release some Dosh and separate one loss-making business from the other...the issue is: which is which...? Er, IMHO.

Auction.
Can someone tell me if the folk that are making money(presumably) on TAN sp fluctuation - have any other investments in UK Stocks?

tipton11 - 12 Oct 2009 16:36 - 272 of 392

Tan's mistake is being a brit coy ..... our govt is very vocal in suport but help by buying a few!!!

2517GEORGE - 19 Oct 2009 09:35 - 273 of 392

TAN pre con = to 7.25p.
2517

blanche - 22 Oct 2009 10:46 - 274 of 392

Quick question if i may, how far do people see the sp falling in the near term? Do you think it can turn around? And do you think this company will have a good long term future eventually? Sensible answers please. Many Thanks in advance.

zephod - 22 Oct 2009 15:08 - 275 of 392

Hello Blanche
used to be a holder of these pre-consolidation, and have been waiting for the right moment to get back in - but still resisting at the mo, due to those abysmal figures.
Hangons post 271 says it all really....
Be a long time before cherry pickers are back on the menu for most hire cos, and
electric vehicles are sexy and fashionable at present, but do tan have the infrastructure to make decent profits from that divsn if sales get going ?

I'm still watching for a while, and if they stabilise around the current price (32p) then may put my little toe in - but this one is really a 'punt' now, and not what I would class as an investment.....

Toya - 22 Oct 2009 15:31 - 276 of 392

I agree - it is a pity to see how this dream has deteriorated. I'm glad I hold only a very small amount; not much point for me to bail out now as not worth anything anyway.

Not sure I would be buying in right now, as there seem to be so many other opportunities out there.

tipton11 - 22 Oct 2009 17:28 - 277 of 392

only too true friends or fellow sufferers

hangon - 23 Oct 2009 17:51 - 278 of 392

Up 12% with Buys about 50% up on Sells, -but- woefully lower than recent CONsolidation implied.

Is there room for them to demerger? - Oh come on . . . the only winners will be the City, printing "prospectuses" and any insiders that buy stock prior to the deal being a great success ( er hopeing, huh?)

I hold and suspect Management never was up to their job, BUT a bouyant Market for Access and Electric Vehicles (to demonstrate their Green leanings) meant that the Company was seen as successful.

The recent CONsolidation does not bode well.

Now, the situation is dire ( I refer to UK plc), so bigger players are not buying Access-kit if they can avoid it. Also the market for EV is slim, due to "greenwashing" being a minority sport.

BUT, as always there are Opportunities where Management can find a way . . . . sadly few are capable of anything like entrepreneurship, but most are hoping "something will turn up" so don't expect anything other than marking-time.

At times such as this [TAN]-Management needs to conserve Cash and IF they can, then the future is likley to be bright as they'll be ready for the OFF! - Possible in another 4-years - but that is anyone's guess.

skinny - 30 Oct 2009 07:36 - 279 of 392

Tanfield Trading Statement

TIDMTAN

RNS Number : 6502B
Tanfield Group PLC
30 October 2009

?
Tanfield Group plc ("Tanfield", or the "Company")

30 October 2009

Trading Update
* SEV US Corp to develop jointly with AM General, a prototype electric postal
delivery vehicle for the US Postal Service
* SEV US Corp customers win additional $4.5m Federal grant funding for 65 Smith
trucks through the Clean City Program
* Strong demand for Newton electric truck: SEV US Corp order book now stands 255
trucks
* Tanfield confirmed as largest supplier to UK's Low Carbon Vehicle Procurement
Programme
* Renewed focus on production ready medium duty electric vans and light duty
trucks (Newton and Edison)
* Withdrawal from electric car-derived van development : Termination of US Ford
Transit Connect project

Tanfield is pleased to announce further developments from its associate company,
Smith Electric Vehicles US Corp ("SEV US Corp").
SEV US Corp, together with AM General, a leading manufacturer of military and
commercial vehicles, headquartered in South Bend, Indiana, USA, is developing a
prototype electric version of the gasoline-powered Long Life Vehicle for the
United States Postal Service ("USPS"). There are currently approximately 178,000
Long Life Vehicles in service with the USPS. AM General will manufacture the
chassis and SEV US Corp will supply the electric drive train, including the
motor, battery pack, electronics and ancillary systems.
Darren Kell, CEO of The Tanfield Group Plc, said: "With AM General we combine a
global leader in specialist vehicles with a world leader in electric vehicle
integration. The goal is to deliver an electric vehicle that is perfect for the
United States Postal Service; a vehicle that is energy efficient,
cost-effective, reduces US reliance on oil and lowers greenhouse gas emissions."
As announced on 6 August 2009, SEV US Corp won $10m in grant funding from the US
Department of Energy (DoE), to facilitate its growth towards volume production
and to build a demonstration fleet of electric trucks. In addition, SEV US Corp
customers have been awarded funding for 65 Smith Newton electric trucks,
amounting to $4.5m, through the US Clean Cities Program. SEV US Corp is applying
for more funding through the US Government "green vehicles" programmes.
SEV US Corp has commenced production of the Smith Newton electric truck platform
at its assembly facility in Kansas City, Missouri. Appetite for the Smith Newton
truck is strong in North America and SEV US Corp now has an order book of 255
trucks.
In light of the swift growth in demand for the production ready Smith Newton,
SEV US Corp mutually agreed with Ford to terminate its development project with
Ford of an electric car-derived van based on Transit Connect. In the short to
medium term, forecast volumes did not justify the investment requirement and
limited the working capital available to support the growth of Newton. SEV US
Corp believes that investing in the existing Smith platforms represents a better
use of its financial resources, allowing it to take full advantage of a
potentially very sizeable market and to gain market traction more quickly. It
was concerned that the market for electric car-derived vans would become
increasingly competitive. In North America, Ford still intends to launch its
own electric version of the Connect.
In other markets, the Board of Directors believes that the best strategy going
forward for the Company is to focus on preserving and enhancing Tanfield's
market-leading position in the medium-duty commercial vehicle sector, through
its many variants of Newton truck and Edison van platforms. Tanfield remains
Ford of Europe's official collaborator on commercial electric vehicles,
initially focused solely on the Ford Transit platform, which is marketed as the
Smith Edison.
Whilst consolidating its market-lead position in this sector, Tanfield continues
to pursue an order for the delivery of over 50 Smith Edison vans with a leading
UK retailer. Additionally, Tanfield is now confirmed as the largest supplier to
Phase One of the UK Government's Low Carbon Vehicle Procurement Programme.
Tanfield will supply a total of 57 Smith Edison vans in the first phase.
Darren Kell added:
"Tanfield is gaining real traction with its core products in the electric van
and truck sectors across the world"

kimoldfield - 02 Dec 2009 12:52 - 280 of 392

Tanfield, the leading manufacturer of commercial electric vehicles and aerial work platforms, is pleased to announce that its trading division, Smith Electric Vehicles, has today received an order from J Sainsbury Plc ("Sainsbury's") for 51 Edison Electric vans.

About time too!

halifax - 02 Dec 2009 13:08 - 281 of 392

wow! 51 vans that should help their bottom line.

Fred1new - 02 Dec 2009 15:38 - 282 of 392

At least it is showing some signs of life.

London seems a good choice for start of a revival.

Fred1new - 02 Dec 2009 16:10 - 283 of 392

One could say it is a wheel in the right direction!

skinny - 02 Dec 2009 16:13 - 284 of 392

Up 15% - what happens if they sell 500 :-)

dealerdear - 02 Dec 2009 16:13 - 285 of 392

although plenty of spokes could still be put in the works

kimoldfield - 02 Dec 2009 16:32 - 286 of 392

Hardly electrifying but it's something positive!

Fred1new - 02 Dec 2009 18:49 - 287 of 392

Skinny, I would get my money back!

Fred1new - 02 Dec 2009 18:50 - 288 of 392

Also, might believe in God!

Balerboy - 08 Jan 2010 18:08 - 289 of 392

Study Raises Cost Estimate for Electric Cars
By NICK BUNKLEY
Published: January 7, 2010
DETROIT As General Motors began assembling batteries for the coming Chevrolet Volt on Thursday, a new study cast doubt on the likelihood that electric cars will be widely popular in the near future.
The study, conducted by the Boston Consulting Group, said battery costs were not expected to fall as much as automakers have projected, making electric vehicles too expensive for most consumers even 10 years from now.

The firm predicted that electric cars would account for just 6 percent of the global market in 2020, or about three million of an estimated 54.5 million vehicles sold over all.

The findings contrast with the publicity that G.M., Ford Motor, Nissan and other manufacturers have been building for coming battery-powered models. On Thursday, G.M.s chairman and chief executive, Edward E. Whitacre Jr., called electric cars like the Volt, which has a small range-extending gasoline engine, the way of the future and said such technology will quickly become a very big part of General Motors.

The Volt, Mr. Whitacre said, is a sign of good things to come, not only for this company but for the U.S. auto industry and the car-buying public.

Mr. Whitacre was speaking at a ceremony to note the production of G.M.s first 400-pound battery pack at a new plant outside Detroit. The event took place exactly three years after G.M. introduced the Volt then a sporty concept car theoretically powered by technology that company officials acknowledged did not exist yet to great fanfare at the 2007 Detroit auto show.

The Volt is scheduled to go on sale by November.

Electric vehicles will be a large part of this years Detroit show, which begins Monday with two days of media previews. The energy secretary, Steven Chu, who joined Mr. Whitacre at the event on Thursday, said the vehicles were critical to helping Detroits automakers become successful again.

We urgently need to change how we power our cars and trucks, Mr. Chu said. America has fallen behind in the race to build cars of the future.

The Boston Consulting Group study, however, forecasts that most gasoline-powered cars will remain most popular for many years. It forecasts that they will represent 62 percent of sales in the United States and 58 percent of sales worldwide in 2020.

The main factor, the study says, is price. It predicts that the cost of a battery pack about the size of the Volts will fall by $10,000, or 64 percent, from 2009 to 2020. But even then it would take about 15 years for the cost of owning an electric vehicle to equal that of a gas-powered car.

Most consumers would buy an electric vehicle only if they could break even on ownership costs within three years, said Xavier Mosquet, who leads the consulting firms automotive practice in Detroit. He said a three-year time frame would require significant government incentives or a drastic change in one or more factors, like oil prices of about $375 a barrel, more than quadruple todays price.

Mr. Mosquet said about 9 percent of Americans surveyed said they would buy an electric car regardless of price.

A small fraction will buy one either because they think it is fun or it is the right thing to do, he told reporters after a speech to the Automotive Press Association. If you want to go beyond a niche market, you need to make it financially attractive.

But G.M. and government officials celebrating the start of battery production on Thursday said they were confident that the automaker, after many years of trailing its competition and making poor decisions, would lead the industry forward.

Were going to show those foreigners how you make cars, and were going to have success, Representative John D. Dingell, Democrat of Michigan, said.

cynic - 08 Jan 2010 20:11 - 290 of 392

dear oh dear oh dear .... how are the mighty fallen .... was one of my faves too many moons ago

kimoldfield - 12 Jan 2010 16:18 - 291 of 392

Battery orders from TAN & SEV US

Valence have received orders from both sides of the pond for batteries to power the Smith Newton and Eddison vehicles.

Don't get too despondent cynic, Tanfield/Smith are still in business!

kimoldfield - 02 Feb 2010 10:27 - 292 of 392

A bit of action, nothing announced by TAN yet though.

Proton Power Systems sign MoU with SEV

Fred1new - 05 Feb 2010 15:35 - 293 of 392

I think the news is good for TAN. and I need some good news at the moment.

Let us hope it is reflected in the price.

skinny - 08 Mar 2010 16:57 - 294 of 392

These have a had a bit of a run up of late - I can't find any news - anyone?

Chart.aspx?Provider=EODIntra&Code=TAN&Si

kimoldfield - 08 Mar 2010 20:16 - 295 of 392

There is a lot going on at the moment skinny. Just to give you a "taster", take a look at these:-

http://www.sev-us.com/

http://bdaily.info/news/business/03-03-2010/france-plugs-into-tanfield/?utm_source=bdaily-bulletin&utm_medium=email&utm_content=stories&utm_campaign=bulletin-click-throughs

http://www.transportengineer.org.uk/article/22854/Bunzls-green-distribution-drive-leads-to-Smith-electric-truck-hire.aspx

skinny - 09 Mar 2010 09:27 - 296 of 392

Thanks Kim.

kimoldfield - 09 Mar 2010 10:21 - 297 of 392

Still a long way to go yet though skinny!

tipton11 - 09 Mar 2010 15:26 - 298 of 392

a lot going on but funnily enough it never seems to affect the price positively.

kimoldfield - 09 Mar 2010 18:03 - 299 of 392

I think that will be the way it is with TAN until we see a really positive RNS quoting large volume sales either in the UK or other parts of the world, the US in particular. That could be some time away but there is no denying the slow increase in momentum is being maintained.

skinny - 10 Mar 2010 09:16 - 300 of 392

You must be a happy boy Kim!

kimoldfield - 10 Mar 2010 10:29 - 301 of 392

Sort of skinny! I had expected an offer from SEV US but as far as I'm concerned it has come too soon and significantly undervalues TAN's EV division (potential wise). As I said though, there is a long way to go! :o)

tipton11 - 10 Mar 2010 17:33 - 302 of 392

that was bad timing wasnt it ..... any one with idea of worth of Tan after off load of Smiths electric?

kimoldfield - 11 Mar 2010 10:31 - 303 of 392

That is a tough one tipton! The offer seems to value what is left as nil. In a recession free world however, TAN would have a lucrative Powered Access business and though things are picking up, I think it could be some time before that section produce meaningful profits.

skinny - 12 Mar 2010 12:46 - 304 of 392

Kim - there's a bit on here about Tanfield which might be of interest to you.

kimoldfield - 12 Mar 2010 13:03 - 305 of 392

Thanks skinny. A good article, couldn't have put it better myself!

tipton11 - 12 Mar 2010 15:12 - 306 of 392

very helpful .... thanks

Fred1new - 01 Apr 2010 22:03 - 307 of 392

Somebody has faith in Tanfield.

Subject:
Date: Thu 1st Apr 2010 7:56:25
Region:
Market sector:
Company: Tanfield Group PLC

DJ Tanfield Group US Associate Company Gets More Grant Funding

LONDON (Dow Jones)--Tanfield Group PLC (TAN.LN) said Thursday its U.S. associate company, Smith Electric Vehicles U.S. Corporation, or SEVUS, has been awarded an additional $22 million funding grant from the U.S. Department of Energy, or DoE.

MAIN FACTS:

-The funding will be used towards the production of its Smith Newton electric truck.

-This funding is in addition to the $10 million DoE grant announced in August 2009 and is the result of SEVUS working closely with the DoE for several months.

-The DoE funding incentivises major fleet operators to participate in a nationwide demonstration program.

-Qualifying companies will receive a subsidy towards the cost of electric trucks, in return for providing operational data back to the DoE.

-The additional grant means SEVUS can now produce more than 500 of its Smith Newton all-electric commercial trucks for the program.

-Some of the funding will also help SEVUS to offset the cost of future product development.

-Tanfield owns 49% of SEVUS, with the remainder owned by private investors and SEVUS's senior management team.

-On March 10, SEVUS made a conditional, non-binding offer to buy Tanfield's Smith Electric Vehicles Division Assets, conditional, inter alia, on SEVU.S. financing.

-Shares closed Wednesday at 32.0 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com

tipton11 - 06 Apr 2010 10:13 - 308 of 392

Wouldnt it be nice if the Uk govt was prepared to support Tan with orders rather words .... US seems to understand the difference between cash and words.

skinny - 30 Apr 2010 09:47 - 309 of 392

TANFIELD GROUP PLC ("Tanfield")

Notice of Results

Tanfield announces that it expects to publish its results for the year
ended 31 December 2009 on 7 May 2010.

Juzzle - 07 Jul 2010 11:04 - 310 of 392

sorry - duplicated below

Juzzle - 07 Jul 2010 11:17 - 311 of 392

US President Obama is visiting the Smith Electric Vehicles facility in Kansas City, at 12:30pm (local time) this Thursday.

We've been waiting for confirmation that this US offshoot will be buying out the UK/Europe Smith EV operations. Might this come at the same time? It would surely please the President to be able to describe it as a wholly US company.

And sometime this summer we are expecting that the company will float itself on the US stockmarket.

All of which should excite some share price movement.

hangon - 07 Jul 2010 13:12 - 312 of 392

Juzzle, are you sure abt the Smith- ownership?
I though TAN held an interest in Smiths, rather like they own US-based Snorkel.
EDIT, sorry I've read previous post, I agree...so this might explain TAN-rise then?...a Wad of Cash would be useful for the Balance Sheet. But is it a good deal in these times? I thought Smiths EV used to be a British Co that went to the US, dunno. +See below, I'm not sure TAN really needs Smiths, as they source bodies in the UK, Ford provided some, I read.
These days International ownership is seen positively (except in the case of British P.... wash my mouth!), so I don't see the need for Smiths to be entirely US-owned.

It is unfortunate that TAN-customer is the hire-industry and some are going out of business, putting surplus "access" stock on the market. +Tanfield was never a big player in Eco-issues, . . . . IMHO they trumpeted sales of ONE vehicle to each of about six large users. I understand they did sell a small number to the parcel-delivery industry, but this was to circumvent the London Congestion Charge.....IMHO.
Also, I am concerned about TAN source of motors/final drives. This means TAN is closer to being a fitting-out business than a "manufacturer".
"Access" equipment is the main "manufacture" as you know.
The city bought very expensive shares (that Rights issue) way back when Snorkel looked like a no-brainer. I never understood the City-excitement, back then.
I hold from recent moderately low prices, but still not yet evens.
+They have a new policy of CONsolidation...Ooops!
TAN vehicles are commercial, so I don't know what the Government can do to increasetake-up in these times.
Better for Gov. to fund research for a new Battery that would be 10x better/lighter than what we have. Batteries are still too heavy and underpower, IMHO. A factor of TEN would create a whole new industry. However, I doubt we'll ever get one. Hydrocarbons are v.concentrated energy and elec.batteries are not the way forward I guess.
All IMHO.

kimoldfield - 08 Jul 2010 19:13 - 313 of 392

From US press:-

KANSAS CITY, Mo., July 8 /PRNewswire-USNewswire/ -- President Obama today addressed workers at the Smith Electric Vehicles plant to discuss the state of the economy and jobs. Smith Electric Vehicles is the nation's top manufacturer of battery-electric trucks and was recently the recipient of a Department of Energy grant to help offset future vehicle development costs and incentivize customers to participate in a commercial electric vehicle demonstration program.
Following the President's remarks CEO Bryan Hansel released the following statement:
"The administration has demonstrated its commitment to electric vehicles with the president's executive order last year requiring all federal agencies to set a plan for reducing greenhouse gas emissions and the Department of Energy's funding of promising electric vehicle technologies, like the Smith Newton.
"The $32 million in DOE funding is a game changer for our business, as it is for the wider industry, allowing us to rapidly scale up production, drive down costs, increase demand and create more high-quality manufacturing jobs."
Smith Electric produces the Newton, which is the only all-electric medium/heavy-truck offering on the GSA Schedule. The truck delivers a top speed of 50 mph and offers end users battery ranges from 50 to 120 miles on a single charge. It operates at peak effectiveness in urban applications that demand heavy stop and go driving. A single overnight charge provides more than enough range for most urban delivery routes.
Said Hansel: "The best way to understand this truck's capabilities is to get in and drive it and this grant will give more potential customers that opportunity. By eliminating concerns over fluctuating fossil fuel prices, commercial electric vehicles give business owners unprecedented cost certainty as they look toward managing the next five-to-ten years of their fleets."
Current Smith Newton customers include AT&T, Coca-Cola, Frito-Lay, Pacific Gas and Electric Company (PG&E) and Staples.
About Smith Electric Vehicles U.S. Corporation: Smith Electric Vehicles U.S. Corporation (Smith) (www.sev-us.com) is an all-electric zero-emissions commercial truck manufacturer. The company licenses its proprietary technology from Smith Electric Vehicles in the U.K., the world's largest manufacturer and industry leader of commercial electric vehicles.
SOURCE Smith Electric Vehicles U.S. Corporation

Also:-

Obama Touts Government Investment in Electric Vehicle Factory

President Barack Obama said a $32 million government grant to a maker of battery-driven trucks is an example of how government funding can help businesses generate jobs as the nation recovers from a brutal recession.
Government doesnt have all the answers, and it cannot generate the jobs or growth we need by itself, Obama will say today after touring the Smith Electric Vehicles factory in Kansas City, Missouri. But government can lay the foundation for small businesses to expand and hire, he will say, according to a text of his prepared remarks released by the White House.
Obama is on a two-day trip to Missouri and Nevada to stump for his economic policies and raise money for Democratic Senate candidates. Tomorrow hell also give a speech on the economy in Las Vegas.
The economy, jobs and the deficit are likely to be top issues in the November elections that will decide control of Congress. Obama today defended the $862 billion economic stimulus measure Congress passed soon after he took office, which Republicans have criticized as wasteful. And as he has stepped up his defense of his own policies, he has increased his attacks on Republicans.
Political Calculation
There are those who argue that we ought to abandon our efforts - and others who have made the political calculation that its better to obstruct than lend a hand, Obama said in his speech text. They ought to tell the workers of Smith Electric that wed be better off if your jobs didnt exist.
The U.S. economy is struggling to recover from the worst recession since the 1930s, with 83,000 private jobs added in June and unemployment at 9.5 percent.
Without the government action, Obama said the economy faced a nosedive that threatened to drag us into a second Great Depression. He said he expects energy investments alone to generate 700,000 jobs over the next few years nationwide.
http://www.bloomberg.com/news/print/2010-07-08/obama-touts-government-investment-in-electric-vehicle-factory.html Page 1 of 2
Obama Touts Government Investment in Electric Vehicle Factory - Bloomberg 08/07/2010 19:08
The administration has highlighted governments investment at Smith Electric, which was matched by $36 million of the companys money, as an example of how the government can help the private sector create jobs.
The Smith Electric factory will eventually employ about 70 people and build about 500 battery- powered commercial trucks per year, Matt Rogers, an adviser to Energy Secretary Steven Chu, told reporters yesterday.
Purchase Capital
The intent of the funding here is to enable Smith to purchase the capital equipment necessary to get this manufacturing assembly line operational, he said.
The company plans to build as many as 20 factories around the country. This is a microcosm of precisely what needs to keep happening, said Jared Bernstein, Vice
President Joe Bidens top economic adviser. Later today in Kansas City, Obama will attend fundraisers for Missouri Democratic Senate Candidate
Robin Carnahan in Kansas City. Tonight hell raise money in Las Vegas for Harry Reid of Nevada, the top Democrat in the Senate,
and tomorrow hell give a speech on the economy before returning to Washington.

hangon - 09 Jul 2010 10:36 - 314 of 392

Odd this excitement has raised TAN sp, only to have it dashed when an "extension" is granted - ovbiously the Sale is not happening too soon.

(( what TAN owns - they own Smiths EV in the UK...and 49% of SEV-US. For Access, there is Snorkel-US, and UK UpRight - selling to the Hire-business mainly)).
President Obama is helping his supporters to be re-elected, I'm guessing, so the grant of money to SEVUS will demonstrate his committment to electric trucks, but that doesn't mean TAN will be bought off, say until the plant(s) start showing profits. Therefore, I conclude that TAN will not receive this cash and it's up to TAN-Execs to make good the Company with what they have.
Indeed "the offer" back in March10, may have been simply to align SEVUS with being a US-business, since now we know anything "British" is not liked by PO.
However, I'm not convinced that TAN-investors want the Cash - it's nice for Dir Bonuses (HUH!), but I doubt retail punters will get anything.

+So, it may be "better" to keep Smiths and look at the LT benefits of a home-grown EV facility possibly gaining from the US production and maybe a cross-selling of US-trucks (LHD into Europe) might give TAN an additional income stream - I think the UK van-factory in the Midlands did not secure Gov. funding during 2008/9 when they were in difficulty - can anyone confirm...?
Ah well another Op to buy TAN more-cheaply.....aargh and Zzzzz.
EDIT(22Jy2010)- Grief you'd think getting AGM info would be easy - NO! The RNS tells you to visit the website (awful) and the best I could find was a repeat of the RNS - telephone them after 3.15 and they are on message...=not ans.....ring again loser! =my take....Grr - no wonder weak-holders are leaving.....AGM is "probably" somewhere "UptNorth" - who knows, or cares, eh?
EDIT(18/8/10)-Interim results no better than last year, -and no worse thankfully. This co is still pushing that elephant through the back porch. Still we can look forward to an uneventful AGM (with staff) and Execs pay and Options....noses in trough and not facing the real World....Arrgh!
EDIT-(26/8/10)- TAN drops 38% (rights issue)-Ah so CON solidation didn't work for them either (way back).
Let's hang a few Dirs out and see what this lack-lustre business is worth. I suspect (No, that's hope) there is some fundamental value there, but I'd like to see some evidence of goods in progress, and so on, before propping up these Dullard Execs. Sure, in the past they conned everyone and the City paid a ot for shares (Placing), all IMHO. Arrgh!

kimoldfield - 09 Jul 2010 10:50 - 315 of 392

I think you've got that just right hangon!

skinny - 26 Aug 2010 08:11 - 316 of 392

Currently down 34.5%.

The Tanfield Group Plc ("Tanfield" or the "Company")

Expected Financing Arrangements

In its interim statement published on 18 August 2010, Tanfield announced that,
despite its focus on cash preservation, its net cash had fallen to GBP2.2
million at 30 June 2010 and that, as a priority, it was reviewing alternative
ways to fund the continuing cash outflow until it could complete the
consolidation of its Electric Vehicle businesses currently under negotiation,
successful implementation of which was expected to lead to a cash inflow for the
Company.

In view of the absence of available credit facilities, the Company is currently
in negotiations to finalise a possible equity fundraising. Such fundraising is
expected to be structured on a pre-emptive basis as an open offer to all
shareholders and partially underwritten by certain of its Directors, at a
substantial discount to the current share price.

The outlooks for the Powered Access and Electric Vehicle businesses have not
altered from those set out in the interim statement published on 18 August 2010.

There can be no assurance that the equity fundraising will proceed or that the
discussions with SEV US, which remain subject to financing, will lead to a
successful outcome. In the absence of such fundraising, or if the expected
consolidation of the Electric Vehicle business failed to complete the Company
would have to review its financial position and alternative sources of funding.

A further announcement will be made as soon as practicable.

cynic - 26 Aug 2010 08:15 - 317 of 392

and to think that i used to think this was going to be a really great company ..... i lost quite a lot of money on this one when it first crashed, and thank goodness i was never tempted back in

gibby - 26 Aug 2010 08:49 - 318 of 392

wise move cynic - i lost a bit on this - not huge as never went in big - always had a lingering doubt - might risk a day trade here though!

gibby - 26 Aug 2010 10:47 - 319 of 392

ah well quick buy and sell just over 500 profit to put towards my tan loss last time round - makes it a little better - dont think i'll risk anymore here today! unless drops to 10p later!

dealerdear - 26 Aug 2010 10:52 - 320 of 392

Well done gibby.

Stange thing is, TAN and the old Worthington Nichols are about the only 2 companies that I haven't lost money on at some point or other which is a bit bizarre as many people have!

Once the shorters have closed their initial positions which is where you made money, I've found that any further attempt to play this market doesn't work so I think you're wise in leaving it alone now.

gibby - 26 Aug 2010 11:41 - 321 of 392

thanks dealerdear - wow not lost money on tan - you have done well and good on you - i got my timing wrong some time ago on - so been wary of tan ever since - at the moment i would not want to be in they seem up to their necks in it - credit likely not to be available and would anyone want to part with cash to help them out here - i would be surprised - and yes think wise to leave now - but still watching as i suppose many are - have a good day

skinny - 08 Sep 2010 07:11 - 322 of 392

Open Offer

TIDMTAN

RNS Number : 3119S
Tanfield Group PLC
08 September 2010

?
08 September 2010
TANFIELD GROUP PLC ("Tanfield" or the "Company")
Open Offer of 20,000,000 new Ordinary Shares at 10p per share
Highlights
� Open Offer to all shareholders of 20 million new ordinary shares to raise
up to GBP2.0m before costs
� Issue Price of 10p per share (31.0% discount to closing price on 7
September 2010), one new share for approximately every 3.7 existing shares
� Over 90% of Open Offer underwritten by certain Directors and Institutional
Investors
� Directors undertaking to take up entlements in full in respect of their
beneficial holdings
� Provides short term working capital to allow completion of expected
electric vehicle consolidation
� Certain Directors also providing GBP750,000 standby loan facility in the
interim

Jerry Wooding, Deputy Chairman of The Tanfield Group Plc, said:
"The Board believes that this fundraising represents the best solution to
Tanfield's immediate working capital requirements and the high proportion of
underwriting gives us certainty of success of the Open Offer"
"It is imperative that shareholders support this initiative by voting in favour
of the resolution at the General Meeting on 30 September 2010, whether or not
they are planning to take up their entitlement under the Open Offer."
This announcement should be read in conjunction with the full announcement below
and Circular which will be posted to shareholders today and is available on the
Company's website www.tanfieldgroup.com .

ravey davy gravy - 08 Sep 2010 08:59 - 323 of 392

Market is silly at times, price yesterday was struggling and today they issue
a well discounted offer and now people are chasing it ?

I thought 13.5p bid was generous, 14.75p is crazy on a 10p offer placing.

hangon - 21 Sep 2010 00:30 - 324 of 392

sp should "match" the offer - as time draws close to the cut-off date.
However, the issue for me - do I give these Bounders any more money - Will they - up against the outside wall of their local boozer?

tipton11 - 21 Sep 2010 17:43 - 325 of 392

sadly thought this one a winner .. out now .. didnt cost too much .. so cant complain

patshere - 23 Sep 2010 13:21 - 326 of 392

Looks like steady buys over past few days.

kimoldfield - 23 Sep 2010 13:30 - 327 of 392

I've just taken up my allotted shares, possibly a stupid move, time will tell! Not much cash involved though.

dealerdear - 23 Sep 2010 14:23 - 328 of 392

kim

What is it now in old money?

skinny - 23 Sep 2010 14:30 - 329 of 392

Not a lot!

Chart.aspx?Provider=EODIntra&Code=TAN&Si

kimoldfield - 23 Sep 2010 14:49 - 330 of 392

Dealer, I'm afraid I have lost track of it's real term price now, but Skinny's chart just about says it all!!

dealerdear - 23 Sep 2010 15:02 - 331 of 392

Thanks both.

Just for interest, I been trawling through their reports and it was a 1:5 consolidation so in old money I guess that is about 2.2p.

Interesting to note that post consolidation, directors were buying at around 58p!

skinny - 28 Sep 2010 16:39 - 332 of 392

TANFIELD GROUP PLC ("Tanfield" or the "Company")
Result of Open Offer
On 8 September 2010, the Board of Tanfield announced details of a share issue to
raise approximately GBP1.8m (net of expenses) through the issue of up to
20,000,000 New Ordinary Shares through an Open Offer for which the Company had
undertakings from the Directors to subscribe for 1,614,554 Open Offer Shares
(representing the Open Offer Entitlements in respect of their beneficial
holdings of Ordinary Shares). In addition, the Underwriting Group had agreed to
subscribe for, in aggregate, up to a further 18,250,000 Open Offer Shares, to
the extent that these were not taken up by Qualifying Shareholders.
The Open Offer has now closed in accordance with its terms and Tanfield is
pleased to announce that it has received valid acceptances under the Open Offer
in respect of 10,083,145 Open Offer Shares from Qualifying Shareholders which
represents a take-up of approximately 50.42% of the Open Offer Shares.
Accordingly, the remaining 9,916,855 Open Offer Shares representing 49.58% of
the Open Offer Shares, have been allocated to members of the Underwriting Group.
The Open Offer remains conditional, inter alia, upon shareholder approval, which
will be sought at the General Meeting to be held at 9am on 30 September 2010 at
Vigo Centre, Birtley Road, Washington, Tyne and Wear, NE38 9DA.

It is expected that Admission will become effective and dealings in the New
Ordinary Shares will commence, at 8.00 a.m. on Friday 1 October 2010. New
Ordinary Shares in certificated form are expected to be credited to CREST
accounts as soon as possible after 8.00 a.m. on Friday 1 October 2010, and
definitive share certificates for the New Ordinary Shares in certificated form
are expected to be dispatched within 10 business days of Admission.
Terms defined in the Circular published by the Company on 8 September 2010 shall
have the same meaning in this announcement unless the context otherwise
requires.

patshere - 01 Oct 2010 12:23 - 333 of 392

On the move up ??

Juzzle - 02 Oct 2010 09:45 - 334 of 392

It's anybody's guess what the terms of the SEVUS/SMITHUK will turn out to be. Unlikely to be anything like the terms that were on the table a few months ago - so we can forget about those. But it does look as though the deal might be finalised this month.

If the new terms look bad for Tanfield (which they may well do, compared with previous indications), that might have a (further!) negative impact on the share price - unless accompanied by some very nice indications of how Tanfield might benefit when SEVUS floats on the Nasdaq next Spring. I don't imagine Tanfield's percentage stake in SEVUS then will be more than a third of what it is now, but could still be very valuable if the float goes well.

patshere - 03 Oct 2010 15:27 - 335 of 392

AGM This month ?

skinny - 03 Oct 2010 18:13 - 336 of 392

patshere - from the recent rns - "The Board announces that the adjourned Annual General Meeting will re-convene on 21 October 2010."

patshere - 04 Oct 2010 08:38 - 337 of 392

Thanks.

skinny - 04 Oct 2010 16:13 - 338 of 392

In auction +25%

kimoldfield - 04 Oct 2010 16:33 - 339 of 392

It's nice to see a bit more director cash being put in.

Purchase of Shares by Directors

The Company was informed today that, certain Directors, have purchased additional shares in the open market. Mr Roy Stanley purchased a total of 1,250,000 shares at an average price of 13.2p between 30 September and 4 October and Mr Darren Kell has purchased a total of 1,250,000 at an average price of 13.7p on 1 October and 4 October.

In addition, the Company was also informed that, Brendan Campbell purchased 77,092 shares at 12.76p on 30 September, Mr John Bridge purchased 50,000 shares at a price of 12.72p on 30 September and Mr Jeremy Wooding has purchased 31,209 shares at 15.75p on 4 October.

Following these purchases the interests of the Directors in the Company's issued Ordinary Share Capital will be as follows;

No of. Ordinary Share % of Share Capital
RRE Stanley 12,378,756 13.16%
DS Kell 3,447,811 3.66%
BJ Campbell 106,343 0.11%
JN Bridge 76,044 0.08%
JM Wooding 31,209 0.03%

BAYLIS - 04 Oct 2010 20:45 - 340 of 392

patshere - 15 Oct 2010 17:45 - 341 of 392

Liberty-Electric-Cars-bids-to-acquire-Tanfield

http://www.worksmanagement.co.uk/article/28597/Liberty-Electric-Cars-bids-to-acquire-Tanfield-.aspx

patshere - 16 Oct 2010 14:00 - 342 of 392

http://www.thenorthernecho.co.uk/business/8457025.Electric_vehicle_firms_in

patshere - 26 Nov 2010 17:33 - 343 of 392

http://www.energynow.com/video/2010/11/21/building-ev-truck-tour

AKS - 10 Dec 2010 23:12 - 344 of 392

Another 11th hr RNS no doubt!

patshere - 12 Dec 2010 08:00 - 345 of 392

Lets hope it's a good one.

Juzzle - 15 Dec 2010 10:29 - 346 of 392

Big share price surge under way this week. Someone on iii BB claiming to be an employee, referring to celebration being prepared for this weekend. I've no idea if this is total nonsense, but Friday (I think?) does mark the end of the latest 60-day exclusivity period for ongoing negotiations in respect of proposed takeover of its Smith Electric Vehicles division by its US sister company. But of course any rumourmonger would know that.

BAYLIS - 15 Dec 2010 11:51 - 347 of 392

Juzzle - 24 Dec 2010 12:31 - 348 of 392

A few days out with their guess. Still looking for some detailed analysis of this latest merger deal.

Juzzle - 06 Jan 2011 13:42 - 349 of 392

On two other forums, mention of potentially $3000 million per year in sales of Smith Electric vehicles, based on this extrapolation -

At Tanfield's UK facility, while sharing floorspace with the platforms division, Smith were able to produce 30 vehicles per week. If the existing US facility can do the same, and if the proposed other 19 US facilities can also do that, that's 600 trucks per week, for 50 weeks a year that's 30,000 per year. By then they will probably cheaper than now, but at the current price of around $100k each, that's $3,000 million a year in sales.

How might this projection influence the level of funding obtained in the intended floatation on Nasdaq?

Juzzle - 14 Jan 2011 10:39 - 350 of 392

Now that Smith Electric vehicles is an American company, and there's talk of it soon being floated on the US stockmarket, we might reasonably assume the US boss can plough on with building publicity in advance of the ipo. He is doing a radio interview today at 12:30pm local time (Kansas City) on a 'green radio' slot hosted by Gary Walker. The trailer suggests he will be talking about expansion plans.

skinny - 14 Jan 2011 10:46 - 351 of 392

Perhaps not relevant to TAN these days, but this is quite interesting. Apparently he averaged 6 mph.

Juzzle - 16 Jan 2011 17:00 - 352 of 392

replayable RADIO INTERVIEW LINK
http://www.zshare.net/audio/8530124592d04630

The one-hour interview with Smith ceo Bryan Hansel.

(it was prerecorded, not live)

Juzzle - 08 Feb 2011 10:19 - 353 of 392

US bulletin board message re Smith imminent ipo

Juzzle - 05 Mar 2011 10:54 - 354 of 392

If this is true, and not some very professional hoax edit, TAN price might be expected to jump on Monday morning article /video

(TAN currently owns a 49% stake in Smith)

kimoldfield - 05 Mar 2011 17:40 - 355 of 392

SEV has General Electric working with them and GM, Ford, Toyota, Navistar, Mitsubishi, Coda, Smart, THINK and other organizations. GE are hosting an electric vehicle experience tour in seven U.S. cities over the next 2/3 weeks that will bring GE experts together with local businesses, industry leaders, and public sector stakeholders for educational workshops, test drives, and dialogue on the business case for EV ecosystems.

Full article here:-
http://uk.ibtimes.com/articles/119132/20110305/ge-electric-vehicles.htm

kimoldfield - 07 Mar 2011 19:42 - 356 of 392

7 March 2011

TANFIELD GROUP PLC ("Tanfield" or the "Company")

Smith Electric Vehicles US - Form D Filing

The Board of Tanfield announces that its associate company, Smith Electric Vehicles US, filed with the SEC on 4 March 2011 a Form D notice for a private placement of US$53,150,000 of which US$20,204,082 has been sold to date.

A copy of the Form D notice can be found at www.sec.gov/Archives/edgar/data/1455900/000145590011000001/xslFormDX01/primary_doc.xml

and a further announcement will be made in due course.

Juzzle - 11 Mar 2011 10:31 - 357 of 392

Smith Electric Vehicles

It took a bit of government pump-priming cash to get Smith Electric Vehicles up and running at their site in Kansas City, Missouri. But it worked. Though the plan was instigated by a UK company (Tanfield Group) initially as an offshoot of their long-established UK/European electric trucks/vans business (they've been making them there since 1920). The KC facility is now shipping out ten trucks a week, the first few hundred already on the streets and it looks like they'll have built over a thousand there this year. The company reckons to be into profit after the first 400 trucks and have now passed that mark. These are biggish trucks - carrying 26,000lbs. PepsiCo's Frito-Lay division have bought 176, Staples have so far bought nearly a hundred. CocCola, Pacific Electric, and a host of other well known companies have placed orders for delivery this year.

It's not yet possible to buy into Smith Electric (unless you are a big private player with half a million dollars minimum to spare) but they intend listing on the Nasdaq stockmarket later this year. The date for their proposed ipo should be announced soon. If you have access to the UK (London) stockmarket you can buy shares in Tanfield Group (LSE:TAN). They own about a third of the stock in Smith Electric, and the Tanfield price is currently rising strongly in anticipation of the Nasdaq ipo, which will be the biggest electric vehicles ipo since Tesla.

Smith plan to replicate their KC production facility in 20 states. The next location (widely expected to be somewhere in California) is apparently to be announced in the next few weeks. The company is on target to produce and sell 100,000 of its electric trucks within 4 years

Source: favstocks forum

Juzzle - 22 Mar 2011 11:09 - 358 of 392

Snorkel aims to expand production at its Chinese facility over the next 12 months. The company, which initially outsourced its Chinese manufacturing to local player Dingli, has been producing in China since October 2008 and is now making TM12s and several UL models at its own facility in Jintan, Jiangsu province...

...The facility provides 5800 m2 of production space; "We intend to expand it,"

Click here for full report
--------------------------------------------------------------------------------

Juzzle - 04 Apr 2011 13:58 - 359 of 392

Strong today. 7% up so far. Doesn't always hang onto its rises but anywhere at/above 40p by end of day will do for me.

skinny - 13 May 2011 10:58 - 360 of 392

In auction.

skinny - 13 May 2011 13:41 - 361 of 392

Up 15.5% today on reasonable volume.

Juzzle - 30 Aug 2011 09:55 - 362 of 392

Share price up 36% last week - prompted company to put out an RNS announcement just before market close last Friday.

It is a little ambiguous. It could mean that Smith Electric Vehicles is raising more money from private US investors (they willingly and quickly stumped up $58m in 24 hours last March) - or it could be that Smith's long awaited floatation on the Nasdaq stockmarket is imminent - and the share price rise was due to expectation that TAN's price will jump high when that happens. Assuming TAN maintains a substantial stake in Smith (currently 32.2%). Goldman Sachs are known to have been sounding out market enthusiasm for a Smith ipo months - and were hinting at it being bigger than Tesla.

Juzzle - 01 Sep 2011 07:36 - 363 of 392

Reliable informants on other BBs have noted that all Smith signs at Tanfield's Vigo works have been removed - and several new signs are up but are under taped wrappings. Are we about to see an unveiling?

skinny - 01 Sep 2011 07:40 - 364 of 392

For sale ? :-)

skinny - 29 Sep 2011 07:24 - 365 of 392

Interim Results.

The Tanfield Group Plc, a leading manufacturer of aerial work platforms, announces its unaudited interim results for the six month period ended 30 June 2011.

Global aerial lift market recovering

Turnover increased to 24.6m (H1 2010: 19.6m / H2 2010: 23.8m)

Operating losses reduced to 7.0m (H1 2010: Operating loss: 7.7m / H2 2010
Operating loss: 8.1m)

Net cash at 30 June of 4.7m (31 December 2010: 3.6m)

Order book at 30 June of 20.9m (31 December 2010: 7.7m)

Supply chain capabilities limiting rate of growth

skinny - 24 Oct 2011 08:04 - 366 of 392

TANFIELD GROUP PLC
("Tanfield" or the "Company")

New fundraising round at Smith Electric Vehicles Corp.

The Board of Tanfield is pleased to announce that its US associated company, Smith Electric Vehicles Corp. ("Smith"), has filed a Form D with the U.S. Securities and Exchange Commission announcing a private placing of $30 million of new convertible notes and warrants (the "Placing").

As part of the Placing, Tanfield converted $1.99 million of deferred consideration related to Smith's acquisition of the Smith Electric Vehicles business earlier this year into a convertible note (the "Note") and warrant. The Note will convert into a new class of preferred equity securities in Smith following the completion of the Placing and Smith obtaining necessary approvals, which is expected to be in the fourth quarter of 2011. Following the Placing and the conversion of the Note, the Company will hold 5,258,814 ordinary shares in Smith representing, on a fully diluted basis, approximately 27.23 per cent of the enlarged ordinary share capital of Smith.

The net proceeds of the Placing will be used to fund Smith's ongoing working capital and development requirements and to pay Tanfield deferred consideration, plus accrued interest, of approximately $5.6 million.

The funds received by Tanfield will be used to finance the ongoing development of the Company's Snorkel Powered Access business.

skinny - 04 Nov 2011 07:19 - 367 of 392

Conversion of new fundraising round at Smith Electric Vehicles Corp.

Further to its announcement of 24 October 2011, the Board of Tanfield is pleased to announce that its US associated company, Smith Electric Vehicles Corp. ("Smith"), has obtained the necessary approvals, and has established a new class of preferred equity securities to be issued upon the conversion of its previously placed convertible notes. Effective on 3 November 2011, the Company's convertible note converted into shares of these preferred equity securities.

Following the conversion, the Company now holds 5,259,192 ordinary shares in Smith representing, on a fully diluted basis, approximately 27.22 per cent of the enlarged ordinary share capital of Smith.

skinny - 10 Nov 2011 10:11 - 368 of 392

Smith Filing of S1

Smith Electric Vehicles Corp. ("Smith") filed Form S-1 registration statement with the U.S. Securities
and Exchange Commission ("SEC") with respect to a proposed Initial Public Offering on The NASDAQ Global Market

May include partial sale by Tanfield of its current Smith shareholding

skinny - 10 Nov 2011 13:01 - 369 of 392

On a run - currently up 24.8% 32%

Chart.aspx?Provider=EODIntra&Code=TAN&Si

gibby - 10 Nov 2011 14:13 - 370 of 392

indeed! :-)

HARRYCAT - 12 Nov 2011 11:45 - 371 of 392

From EK at T1ps.com:
"I also pass on the following comments on Tanfield Group (TAN): "Tanfield has a book value c38m (c.8m is cash). The market capitalisation at 48p is c. 43m and they have a 27% holding of Smith Electronic Vehicles which has just issued its prospectus to list imminently on Nasdaq with UBS and Merrill as co-bookrunners. So, effectively, Tanfield is pretty much a free option on the IPO where the mooted valuation is $500-1bln. At $500m that works out to be 96p per share and at $1bn its 177p for Tanfield. To put this in perspective, Tesla, the electric sports car manufacturer, is valued at $3.5bln and where losses are currently of the order of $220+m p.a.." On this basis Tanfield is ridiculously cheap at under 80p and, on a technical basis, it is clear that Tanfield has broken upwards. It ain't coming back."

Juzzle - 15 Nov 2011 15:42 - 372 of 392

Officials to unveil incentives for zero-emission trucks as Smith Electric Vehicles announces Bronx factory

Exclusive: $10 million program comes as electric truck manufacturer plans $5 million plant in Port Morris

BY Daniel Beekman
NEW YORK DAILY NEWS

Originally Published: Tuesday, November 15 2011, 6:00 AM

Gov. Cuomo wants the Empire State to keep on trucking - and do it clean and green.

Zero-emission trucks sold in New York will now come with $20,000 checks from the Feds via the state, thanks to a new incentive program designed to improve air quality and the environment.

State officials will unveil the program on Tuesday in the Bronx and leading electric truck manufacturer Smith Electric Vehicles will confirm plans to build a $5 million factory in the borough.

The $10 million incentive program -- still being developed -- is funded by the federal Department of Transportation, modeled on an existing California program and makes New York a national leader in green trucking, said Bryan Hansel, CEO of Smith.

Smith will announce on Tuesday plans to renovate a 90,000-square foot warehouse in Port Morris and create more than 100 jobs over seven years.

California has always been out front when it comes to the environment, Hansel told the Daily News. Now New York is showing leadership.

The incentive program will mark down the cost of 500 vehicles per year, covering commercial vehicles that weigh at least 10,000 pounds, Hansel said.

Smith will receive millions in benefits from the city and state to pay for the Bronx factory, including $3.4 million from the Empire State Development Corp., $1.5 million from the state Energy Research and Development Authority and $1.7 million from the city Industrial Devbelopment Agency.

Under Gov. Cuomos leadership, we are creating a better business environment that will result in more jobs for New Yorkers, said Empire State Development CEO Kenneth Adams. "This project represents another key building block in the foundation of a stronger economy.

But Hansel said the incentive plan -- funded through the federal Congestion Mitigation and Air Quality Improvement program -- is what led the Kansas City, MO-based company to choose New York over Washington, D.C. and Atlanta.

We needed to know that there was going be local demand for our product, he said, claiming the state vouchers will encourage New York firms to go green and make the switch to electric trucks.

The Bronx made sense for Smith because the borough is home to the Hunts Point food distribution center, with more than 1 million truck trips per year.

We want to be where the trucks are, said Hansel. The Bronx is where our customers are located and Manhattan is where a lot of trucks are deployed...We believe the market is ready.

Smith builds zero-emission delivery trucks for customers such as Coca-Cola, Frito-Lay, Staples and the Marine Corps.

It inked a deal in September with drugstore chain Duane Reade and will partner with upstate New York firm Trans Tech Bus to build electric school buses.

Smith will start rehabbing the shuttered lamp warehouse next November and open its new factory in late 2013 or early 2014. It has vowed to pay its New York workers $46,372 per year on average.

The factory will be the companys second in the U.S.

Hansel said Smith has made no hard and fast commitment to hiring workers from the Bronx. But the company has hired locally in Kansas City, he said. The Bronx boasts an unemployment rate of 12%, the highest in the state.

Smith filed for a $125 million initial public offering last week.

dbeekman@nydailynews.com

See also: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69001779
"..Smith have long stated that they want a west coast facility sooner rather than later. Officials they've been in discussion with in various parts of California will quite likely be miffed at news that New York has stolen a march on them. But the timetable for the New York facility is distant enough for California to still come in with a declaration of financial support for Smith, and for that facility to actually become operational before the New York one. I think this New York publicity may well spur the Californians into action. In which case we may get to hear of Smith's west coast plans before the ipo happens, boosting investor enthusiasm.

skinny - 21 Feb 2012 15:32 - 373 of 392

MT - are you still in these?

On edit - I see from over the road, that you are :-)

Chart.aspx?Provider=EODIntra&Code=TAN&Si

skinny - 08 Mar 2012 10:42 - 374 of 392

In auction +9.4&

On edit and out of auction!

skinny - 08 Mar 2012 11:29 - 375 of 392

Result of General Meeting & Directorate Change

For immediate release 8 March 2012

TANFIELD GROUP PLC("Tanfield" or the "Company")

Result of General Meeting & Directorate Change

On 13 February 2012, the Board of Tanfield announced details of a £12m conditional Placing, advising that it had conditionally raised gross proceeds of approximately £12 million by way of a placing of 29,268,293 new ordinary shares of 5p each at a price of 41p per share to institutional and other investors. The net proceeds will remove supply chain bottlenecks and fulfil the growing order book in its Snorkel powered access business. The Admission of 9,407,720 shares issued under existing authorities occurred on 17 February 2012. The issue of the remaining 19,860,573 shares (the "Second Tranche Placing Shares"), was conditional on shareholder approval.

The Company is pleased to announce that the Resolution set out in the notice of General Meeting dated 13 February 2012 was duly passed at the General Meeting of the Company held earlier today.

It is expected that Admission will become effective and dealings in the Second Tranche Placing Shares will commence, at 8.00am on Friday 9 March 2012.

Following Admission of the 19,860,573 Second Tranche Placing Shares, the total shares in issue will be 123,835,511. This figure may be used by Shareholders, from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Terms defined in the Circular published by the Company on 13 February 2012 shall have the same meaning in this announcement unless the context otherwise requires.

The Board of Directors also announces that John Bridge and Jeremy Wooding OBE are stepping down from their roles as Non-Executive Directors with Tanfield, with immediate effect. John Bridge joined the Board in January 2001. Jeremy Wooding joined in June 2009 and was Tanfield's Non-Executive Deputy Chairman.

Darren Kell, Chief Executive of The Tanfield Group Plc, said: "I would like to thank John and Jeremy for their contributions and particularly for their help and advice as we steered the Company through a protracted and difficult recession, and the sale of the Smith Electric Vehicle division. The Tanfield Board, now appropriately sized, will be entirely focused on the future growth and return to profitability of its global Snorkel powered access business."

skinny - 02 Apr 2012 06:44 - 376 of 392

Back to the future as DeLorean goes electric

skinny - 12 Apr 2012 07:28 - 377 of 392

Preliminary Results.

Summary

· Recovery in key markets for aerial lifts
· Turnover increased 11% to £48.3m (2010: £43.5m)
· Gross margins increased to 37% (2010: 29%)
· Operating loss before impairments narrowed to £14.99m (2010: £15.83m)
· Order book +296% as of 31 December, at £30.5m (Dec 2010: £7.7m)
· Supply chain challenges a constraint to speed of recovery
· Cash discipline maintained: Net cash at 31 December of £3.5m (2010: £3.6m)
· Successful £12 million institutional placing in March 2012 to invest in growth
· Net cash at 1 April 2012 of £10.3m

argus - 13 Apr 2012 21:02 - 378 of 392

Interesting to see the return of a poster on advfn who is a chartist and very good if I may say so. He has bought back in as he feels the Tanfield chart has turned 'fantastically bullish'. He does not particularly believe in the company but studies charts.

skinny - 14 Apr 2012 10:52 - 379 of 392

I think he/she said "superbly bullish" :-)

cynic - 14 Apr 2012 11:30 - 380 of 392

the 5 year chart tells a salutary tale

Chart.aspx?Provider=EODIntra&Code=TAN&Si

skinny - 14 Apr 2012 11:42 - 381 of 392

So does a 12 year chart! :-)

Chart.aspx?Provider=EODIntra&Code=TAN&Si

skinny - 17 Jul 2012 07:08 - 382 of 392

Placing, Trading Update and Director's Dealing

hlyeo98 - 21 Sep 2012 08:39 - 383 of 392

skinny - 21 Sep 2012 08:57 - 384 of 392

21(st) September 2012

Tanfield Group plc

("Tanfield" or the "Company")

Smith Electric Vehicles Corp. announces withdrawal of IPO.

Tanfield, a leading global manufacturer of Powered Access equipment and an investor in Smith Electric Vehicles Corp. (Smith), announces that Smith yesterday announced that it has decided not to pursue its planned initial public offering. The company intends to withdraw its registration statement on Form S-1 as filed with the Securities and Exchange Commission.

"We received significant interest from potential investors, however, we were unable to complete a transaction at a valuation or size that would be in the best interests of our company and its existing shareholders," said Bryan Hansel, Smith's Chief Executive Officer. "We have instead elected to pursue private financing opportunities to support the execution of our business plan."

Tanfield will issue its interim results on the 28(th) September 2012.

HARRYCAT - 22 Sep 2012 08:29 - 385 of 392

"We received significant interest from potential investors".....Clearly nowhere near enough to make the IPO viable. Still fledgling technology, imo.

skinny - 25 Sep 2012 06:50 - 386 of 392

Toyota drops plan for widespread sales of electric car

TOKYO | Mon Sep 24, 2012 11:17am BST

(Reuters) - Toyota Motor Corp (7203.T) has scrapped plans for widespread sales of a new all-electric minicar, saying it had misread the market and the ability of still-emerging battery technology to meet consumer demands.

Toyota, which had already taken a more conservative view of the market for battery-powered cars than rivals General Motors Co (GM.N) and Nissan Motor Co (7201.T), said it would only sell about 100 battery-powered eQ vehicles in the United States and Japan in an extremely limited release.

kimoldfield - 25 Sep 2012 09:42 - 387 of 392

Not humming the right tune for Toyota! Battery technology is critical.

hangon - 09 Feb 2013 11:41 - 388 of 392

Not doing TAN much good and in this Market I suspect any IPO would fail . . . the Public is wise to guys in suits with big promises.

Indeed a year ago TAN was offering a placement at 41p(Feb2012)DYOR and now it has shreaded that investment. . . . so presumably our Pensions Funds have taken the knock as only Coty Boys were invited, probably because it's not their money they're spending.

TAN will start to move when Constructyion and Business in general picks up, I'd give it 4-5 years . . . just hope the management can hold it together that long. Frankly I doubt they have the necessary skills.

Juzzle - 14 Mar 2014 10:21 - 389 of 392

Today's announcement effectively indicates that TAN will lose part or all of its Smith stake for little or nothing - hence the share price plunge which I think will continue once the message sinks in with the few shareholders who were hanging around still. And although, as they say, Snorkel's recovery is going well, I don't believe TAN will make much from it. Their stake will be diluted away if/when Don Ahern pumps in more dosh. TAN share price I think will soon drop into single digits.

Juzzle - 05 Apr 2014 07:31 - 390 of 392

Well, the share price held up remarkably well since bouncing after that last plunge. But the very least we will get on Monday morning is a dire announcement - and possibly a suspension of trading in TAN shares? If not, the share price must surely tumble, following the overnight news from Kansas City: Smith Electric production suspended

hangon - 08 Feb 2018 12:29 - 391 of 392

And suddenly I read an old RNS from Tanfield....seems their 5% holding in Smith Electric vehicles ( rather a small holding, considering the Co blurb suggests they are heavily into vehicles as well as "Access" )...or did I overlook a really large holding-business in EV?..... Well it seems Smith is out of business . . . and TAN has written-off their(= our), investment. =Feb2017-DYOR.
Rather Odd apart from never hearing anything about TAN . . . that at a time when the World is converting to Electric vehicles ( even without enough "charging-points" - our old TAN Management manages to cut itself off from the action.
That's it really . . . . I shall continue to slumber, safely knowing TAN will do no wrong ( and no right either historically.).

skinny - 08 Feb 2018 12:44 - 392 of 392

Blimey!

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tanfield, good for the long term? (TAN)