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

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)

SEV has General Electric working with them and GM, Ford, Toyota, Navistar, Mitsubishi, Coda, Smart, THINK and other organizations. GE are hosting an electric vehicle experience tour in seven U.S. cities over the next 2/3 weeks that will bring GE experts together with local businesses, industry leaders, and public sector stakeholders for educational workshops, test drives, and dialogue on the business case for EV ecosystems.

Full article here:-
http://uk.ibtimes.com/articles/119132/20110305/ge-electric-vehicles.htm

7 March 2011

TANFIELD GROUP PLC ("Tanfield" or the "Company")

Smith Electric Vehicles US - Form D Filing

The Board of Tanfield announces that its associate company, Smith Electric Vehicles US, filed with the SEC on 4 March 2011 a Form D notice for a private placement of US$53,150,000 of which US$20,204,082 has been sold to date.

A copy of the Form D notice can be found at www.sec.gov/Archives/edgar/data/1455900/000145590011000001/xslFormDX01/primary_doc.xml

and a further announcement will be made in due course.

Smith Electric Vehicles

It took a bit of government pump-priming cash to get Smith Electric Vehicles up and running at their site in Kansas City, Missouri. But it worked. Though the plan was instigated by a UK company (Tanfield Group) initially as an offshoot of their long-established UK/European electric trucks/vans business (they've been making them there since 1920). The KC facility is now shipping out ten trucks a week, the first few hundred already on the streets and it looks like they'll have built over a thousand there this year. The company reckons to be into profit after the first 400 trucks and have now passed that mark. These are biggish trucks - carrying 26,000lbs. PepsiCo's Frito-Lay division have bought 176, Staples have so far bought nearly a hundred. CocCola, Pacific Electric, and a host of other well known companies have placed orders for delivery this year.

It's not yet possible to buy into Smith Electric (unless you are a big private player with half a million dollars minimum to spare) but they intend listing on the Nasdaq stockmarket later this year. The date for their proposed ipo should be announced soon. If you have access to the UK (London) stockmarket you can buy shares in Tanfield Group (LSE:TAN). They own about a third of the stock in Smith Electric, and the Tanfield price is currently rising strongly in anticipation of the Nasdaq ipo, which will be the biggest electric vehicles ipo since Tesla.

Smith plan to replicate their KC production facility in 20 states. The next location (widely expected to be somewhere in California) is apparently to be announced in the next few weeks. The company is on target to produce and sell 100,000 of its electric trucks within 4 years

Source: favstocks forum

Snorkel aims to expand production at its Chinese facility over the next 12 months. The company, which initially outsourced its Chinese manufacturing to local player Dingli, has been producing in China since October 2008 and is now making TM12s and several UL models at its own facility in Jintan, Jiangsu province...

...The facility provides 5800 m2 of production space; "We intend to expand it,"


Click here for full report
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Strong today. 7% up so far. Doesn't always hang onto its rises but anywhere at/above 40p by end of day will do for me.