Posted: 05-Jul-08 at 23:00 | IP Logged

Spanked, tanked, but this could change matters.

4th July 2008

LONDON (Thomson Financial) - Tanfield Group Plc. said its Snorkel International Inc. unit has agreed a five year revolving credit facility of up to $35 million with JP Morgan Chase Bank NA, secured over Snorkel's assets.

dyor

Posted: 07-Jul-08 at 10:21 | IP Logged

Intial spike and fallback as per previous few trading days, but buys coming again.

Definately a traders share today, huge volumes by comparison.

Posted: 09-Jul-08 at 20:03 | IP Logged

Nice rise again today, director buys coming through.

Seem to be fighting short positions with after hours RNS's, another one today.

Posted: 10-Jul-08 at 12:26 | IP Logged

Extract from citywire.

"Meanwhile it emerged that hedge fund group Lansdowne Partners, which previously held just under 7% of the company, had sold most or all of its stake.


One investor to dodge the Tanfield bullet was Ross Hollyman of GAM, the asset manager owned by Swiss bank Julius Baer, who last week closed his short position at 'a good profit'."

Possibly accounted for by director buys? Whatever, it doesn't have to go north in a straight line, but the buys have momentum again.