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

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

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

Nissan to creat hundreds of jobs

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!

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?

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

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