Tesla Inc (TSLA)

[skid4]

New EV IPO coming very soon to US

Further to post 5561 (TheKLF, 3 days ago) it seems this comment by Simon Cawkwell (usually an avid shorter of stocks) is out there in the public domain now, on assorted other bulletin boards - so maybe OK to quote here (will delete if asked to, but it does seem to have already gone feral):

"I also pass on the following comments on Tanfield Group (TAN): "Tanfield has a book value c£38m (c.£8m is cash). The market capitalisation at 48p is c. £43m and they have a 27% holding of Smith Electronic Vehicles which has just issued its prospectus to list imminently on Nasdaq with UBS and Merrill as co-bookrunners. So, effectively, Tanfield is pretty much a free option on the IPO where the mooted valuation is $500-1bln. At $500m that works out to be 96p per share and at $1bn its 177p for Tanfield. To put this in perspective, TESLA , the electric sports car manufacturer, is valued at $3.5bln and where losses are currently of the order of $220+m p.a.." On this basis Tanfield is ridiculously cheap at under 80p and, on a technical basis, it is clear that Tanfield has broken upwards. It ain't coming back.''