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Tanfield ( (GB:TAN) ) has provided an update.
Tanfield Group Plc has announced its final results for the year ended December 31, 2024, and scheduled its Annual General Meeting for June 26, 2025. The company maintains a 49% interest in Snorkel International, valued at £19.1 million, despite a 5% sales decline in the first nine months of 2024. The ongoing US legal proceedings with Xtreme Manufacturing LLC over Snorkel’s ownership remain unresolved, with a jury trial expected in late 2025. Tanfield’s board believes the investment in Snorkel will eventually yield returns for shareholders, although the situation presents potential risks.
More about Tanfield
Tanfield Group Plc is a passive investment company primarily involved in holding investments in other companies. It has a significant interest in Snorkel International Holdings LLC, a company in the aerial work platform industry, and a minor interest in Smith Electric Vehicles Corp. Tanfield’s market focus is on managing these investments and maximizing returns for its shareholders.
YTD Price Performance: -10.47%
Average Trading Volume: 18,944
Technical Sentiment Signal: Buy
Current Market Cap: £5.29M
Learn more about TAN stock on TipRanks’ Stock Analysis page.