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

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".

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

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/

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

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

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..."

Interesting. ;-))

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

"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.

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.

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.