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

AGM This month ?

patshere - from the recent rns - "The Board announces that the adjourned Annual General Meeting will re-convene on 21 October 2010."

Thanks.

In auction +25%

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%

Liberty-Electric-Cars-bids-to-acquire-Tanfield

http://www.worksmanagement.co.uk/article/28597/Liberty-Electric-Cars-bids-to-acquire-Tanfield-.aspx

http://www.thenorthernecho.co.uk/business/8457025.Electric_vehicle_firms_in

http://www.energynow.com/video/2010/11/21/building-ev-truck-tour

Another 11th hr RNS no doubt!

Lets hope it's a good one.

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.

A few days out with their guess. Still looking for some detailed analysis of this latest merger deal.

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?

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.

Perhaps not relevant to TAN these days, but this is quite interesting. Apparently he averaged 6 mph.

replayable RADIO INTERVIEW LINK
http://www.zshare.net/audio/8530124592d04630

The one-hour interview with Smith ceo Bryan Hansel.


(it was prerecorded, not live)

US bulletin board message re Smith imminent ipo

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)