Tanfield Group is the new company name of Comeleon. As I understand it, Comoleon was getting into trouble so TAN (paerent company?) took over. Since this has happened the share price has dropped by 0.25p each day for the last week or so (on average) and are now around the 3p mark with very little activity.

Does anyone know much about this company or previously held stock in Comeleon? There is virtually no info out there other than on the company website.

cheers

Mike

Jeff many thanks ... it still seems to me that the balance has been this way on tan for a long time ... hopefully we shall have up date shortly.

Wise man Fred! I would like to see a Director buy after Tuesday!

copied from advfm site tan bb by malankie who went to agm - post 38400
bulllet points
interims are tue 30th - review of biz still ongoing - ernest young auditors
cash burn not a problem - roy stanley said everything will be ok tusday.
now 30% institution - 70% pi - other way round last year
ford relationship progressing well - repeat orders for evs
redundancies to date are enough for cost cutting reqd.
sacking of snorkel wast a big issue as far as tan was concerned
participating with government re electric vehicle plan
these are key points
business as usual was used - generally people were satisfied with most answers.

almoore, Snorkel wasn't sacked, their President was; but I guess that is what you meant?

kimofield - sry, should have read sacking of snorkel president wasnt a big issue as far as tan was concerned.i

Interims 30 Sept, then - probably looking OK, otherwise they would have been avoiding all shareholders.

Sp is still rather low and (posts here). . . it seems Institutions have bailed-out. (Maybe they were all conned by that 2007 1.60 Placing . . . . ).Can anyone confirm this was a cash-call - I understood this money bought Snorkel ( the big Cherry-pickers), so TAN would have low-debt. Is this the fact?
+ Hope TAN comes good, eh?
Of course these are dire days for US-UK constructuion businesses, but I'm hoping we'll be told Export Orders are up - in areas where there is cash - like the Middle East . . . . I hold.

Excellent results.

Agreed; too much emphasis being put on the loss due to impairment. TAN is back on track; difficult trading times ahead but that is the same worldwide. No cash requirements. I like that!

UP 48% SO FAR. Should now retrace to the 30p levels short to medium term.

Well broker FinnCap has a buy rating saying that the group has proved it has stabilised cash balances, and that they believe the market was too severe. Fair comment.

It sounds good but this information is from the same management that led the company to collapse from 2-ish to 5p (currently 8p-ish). This is a similar scenario to Gordon Brown - do you really trust the Dead-hand/asleep at the helm to recover course and not repeat the process, even assuming all thse figures are accurate....?
-That's my fear and I distrust a sudden rise in sp . . . is this real Buyers, or MM's having a fun day.
Grief the rest of the Market is pretty dire.
Can TAN really be "that much" better?

Yes I liked the "No-cash required" - but a similar phrase was used by RBS, as I recall; then 3-weeks later, they pulled off the largest Begging-Bowl event this Kingdom has known....DYOR.

I note Buys/Sells =evens, with 10m Sells - hardly confirmation of Recovery - IMHO.

Did anyone (here) go to the AGM . . . do tell!

+++Next year, can we have the AGM at a London venue, preferably with a snorkel access so I can take some photos of the top of the Ghirkin....quite a Demo, eh?
-

Director Purchase 700,000 @ 8.25p

Directors buying more ! what credit crunch !

Yeah the FD really chucking his money around eh! <10k.
2517

RNS Number : 2160F
Tanfield Group PLC
07 October 2008

Tanfield Group plc (the 'Company')



PDMR Shareholding



The Company was informed on 6 October 2008 that on 3 October 2008 Geoff Allison, Managing Director for the Electric Vehicle division and a person discharging managerial responsibility (PDMR), purchased 104,207 ordinary shares in the Company at a price of 9.54 pence per share.



Following this transaction, Mr Allison holds 104,207 shares representing 0.03% of the Company's current issued share capital.




As announced in the Company's recent interim results, Mr Allison will be joining the Board on 1 November.

Obviously TAN has taken a hammering this year following its earlier meteoric rise to 2+. In view of recent activity (trading updates / Director dealings etc), I'm going to stick my neck out an awful long way and state TAN is a BUY. I think I must be nuts tipping anything as a BUY in these markets but I do believe TAN will recover and I have a personal long view target of 60p. My caveat is that I don't think there is any rush to invest just yet and it may be prudent to wait until the overall sentiment settles down and we can see the light at the end of the global financial tunnel; I do think there is a strong possibility of further carnage to come until all the facts of the toxic debt are known. DYOR

Pretty brave call PT.. ;-)History would suggest 20p could be a good first target though. As you say, no hurry to buy. Recovery could take several years, and also depends on the wider economy.It's still on my watchlist though, and I might be tempted when markets settle...In my opinion.... Strawbs

I decided to jump in today @ 7.25, never been in them before but have watched them for a long time, just hope I haven't put the kod on them, (although they have taken a battering sic!)
Good luck.
2517

NEWS TODAY -GOVERNMENT TO SPEND 100 MILLION ON PROMOTION OF ELECTRIC VEHICLES - SMITHS ELECTRIC VEHICLES TO BENEFIT.

SEE - http://www.independent.co.uk/enviroment/green-living/green-motoring-schemes-announced-974774.html

Does sod all for the sp though!