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

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.

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 !

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

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.

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

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....

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.

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!

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

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

Also worth reading:-

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

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?

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

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)

Whoops! doesn't look too good does it ?

Hopefully, it'll buck up when consolidation is completed

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

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.

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

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.

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".