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

"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.

TW of T1ps has poted a sell note today.

That makes it a firm buy then! ;O)

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

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

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.

"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!

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!

Down 10% on relatively low volume.

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....

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

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

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

Looks like TW was right where's the floor?

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

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

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.

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