Loading ...
Sorry, an error occurred while loading the content.
 

Electric Vehicle Stock Crash

Expand Messages
  • murdoch
    Tanfield (parent of Smith Electric Vehicles) was down 82.58% on the AIM segment of the London Stock Exchange. This was a real stock drop and not a split of
    Message 1 of 1 , Jul 1, 2008
      Tanfield (parent of Smith Electric Vehicles) was down 82.58% on the
      AIM segment of the London Stock Exchange. This was a real stock drop
      and not a split of some sort.

      The reasons given have focused on a drop in construction and building
      which has caused their electric lift business, and related (73% of
      their revenues) to get creamed, apparently. Their electric vehicle
      business was not particularly mentioned as a factor in their earnings
      downturn.

      http://www.bloomberg.com/apps/news?pid=20601102&sid=aoDot79_ERvE&refer=uk

      Disclaimer: I do not have any particular vested interest in Tanfield,
      but do generally have an interest in the fortunes of the global New
      Energy sector as a whole.
    Your message has been successfully submitted and would be delivered to recipients shortly.