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

thoroughly agree .... arguably took my profit too soon as sp has poppd up another 3p since i dealt, but a decent profit is a decent profit especially over such a short timescale

Tan growth rate for its last 3/12 is at over 900% pa.

Gee.

It looks like alot of investors missed the boat on this one early on due to the lack of posts on Tanfield considering it was one of the success stories on 2006 and most possibly 2007 the way things are going. I would love to hear some positive news on monday re: TNT pilot for Smith 7.5 tonner!

Annual Results due Monday morning.
Contract news? Fundraising share issue? US factory go-ahead? Vehicle launch?
Sure to be something.

Highlights:

Turnover increased to 40.9m, from 22.4m
Significant growth in profit
Robust balance sheet; 44m net assets
Built & delivered world's first high performance 7.5t electric truck
Confirmed orders for new range of electric vehicles
Fully integrated UpRight acquisition
Strengthened global distribution network
Continued significant growth in order book
Substantially increased levels of enquiry
Significant working capital to fund strong growth in 2007

Not much more to say.

TAN is undoubtedly a damn good compnay, but suspect sp will fall or at best consolidate for a while ..... imo, it has got rather heavily ahead of itself

Update from DS this morning :

"Preliminary Figures - So far so good - Downgraded to HOLD from BUY

As anticipated, preliminary figures show significant growth in sales and profit with the acquisition of UpRight Powered Access making a rewarding contribution and undergoing a transformation under Tanfield. Sales rose from 22.4 to 41m, just slightly below our estimate and after re-structuring costs of 1.9m, pbt rose from 2.1m to 3.6m. EPS were slightly below our expectation at an adjusted 1.6p (est. 2.6p)

All manufacturing in the UK is now on one site in Tyne & Wear and UpRight's business is being transformed by increasing order enquiries and intake
The SEV division is launching and developing a new generation of vehicles to meet the interest shown by potentially large clients such as M&S, DHL and TNT.
This will build upon the success achieved by older vehicles such as the Faraday.

The two key brands provide a solid platform for potential to be transformed into reality for Tanfield but, whilst there is scope for upgrades to our current forecasts, we reduce from BUY to HOLD against a target price which is 21x our expectation for the current year.

After the stellar rise, the shares may well tread water for a while until the company's progress in the US becomes more visible. "

You had to scroll quite a long way down the announcement to get the EPS figures (which is always a little unnerving !!).

As the above posts suggest - a quality Company but perhaps a little expensive at the moment.

In

DS were recently sacked as house broker - but I don't disagree with their verdict. Fortunately there is some very nice news lined up for the CV Show next month, and the US factory start still to come sometime, so some positive newsflow ahead. Share price is a lot more stable than might have been expected this morning.

Do your homework and you'll see why DS are no longer the housebroker & it's nothing to do with their very fair summation of the progress made by Tanfield to date & their switch to HOLD from BUY ... clue, look to the shareholders of their new broker.

Hi mattjos - yes i know of the St Helens connection. I wasn't suggesting that DS's latest assessment has anything to do with their (previous) departure. They are still on good terms with the company. But several sources today still describe them as house broker.

I don't know to what degree the price might sag this week and next, but by this time next month we will have seen some useful news coverage appearing ;o)

Meanwhile DeutscheBank AG, who only a fortnight ago announced a holding of nine million shares, now report having upped their stake by two-thirds to fifteen million. that's a twentieth of the company.

Deutshce now own more of this company than I do!!

Tanfield Group PLC
28 March 2007



Tanfield Group plc (the 'Company')

Holding in Company



The Company was informed today that Deutsche Bank AG has an interest in
15,004,388 ordinary shares in the Company which represents approximately 5.14%
of the issued share capital of the Company.


This information is provided by RNS
The company news service from the London Stock Exchange

Juzzle - Thanks for the reply. Whatever others may say this is a cracking business that has some great managment on board and is definetly going places. Have you read the Investec report on Tanfield .. bit old now, but very thought provoking when you examine valuations on the Upright business alone v. its global competitors. I will contue to add to my Tanfield holding as I believe a 3 / share target is realistic in the medium term probably with a main listing & greater institutional demand. Proably have to split the shares or issue more to fund USA operations. Also think there is more good news lurking within Norquip as GS market is very buoyant at present with demand for electric power, although devt. here may have taken a sensible backseat in view of Newton potential. Execution & supply chain seem to be the 2 biggest risks to consider.

got your e-mail but no idea what staying in the sandpit is meant to mean .... you do not have e-mail so this is only way to respond

mattjos - That (24 page) Investec report (January) is no longer linked to from the Tanfield website, but someone has stored a copy of it at
http://www.4shared.com/dir/2163366/60540eab/sharing.html


And the text content of Monday's annual results statement is all usefully condensed into one panel (in English) at this Italian finance sitelink:
http://www.intesatrade.it/intesa/News/DettaglioNotizieOggi&idNot=499481

(it is done with no paragraphing, but crams the whole news/statement into one storable reference package)

Another day another surge.. and still a fortnight to go to Big News Week ;o)

sp is powering ahead like one of TAN's electric vehicles! Makes me wish I'd put a little more into it. Oh me of little faith. If the sp ever pauses for breath I'll have to make sure I have more funds available, because TAN certainly seems a sound investment. Initially tipped off via this thread, so thanks to all contributors!

Notice a pair of blue scissorlifts behind Britney Spears in the Austin Powers Goldmember movie? Spotted by someone in another forum.

They are in view for 60 seconds (from 5:45 to 6:45) in this (7:16) clip
http://www.youtube.com/watch?v=-ac6eMCLlpI

Asked Tanfield who say might be their UpRight brand but not sure.

Today's Sunday Telegraph

Charge up on Tanfield

Shares in Tanfield, the Aim-listed manufacturer of electric vehicles, have been defying gravity for the past few months. One year ago the stock was changing hands at 18p, now the shares are trading at 123p. But there is no sign that the momentum that has carried it this far is losing pace.

Tanfield is the oldest electric vehicle manufacturer in the world, with its origins as a top producer of milk floats. These days its technology is used to drive vans and it has contracts with the likes of TNT, CEVA Logistics, Starbucks, M&S, Sainsbury's and DHL.

The London congestion charge is helping to drive sales, as electric vehicles are exempt.

At the end of the month, it will launch a new electric Ford Transit van at a commercial vehicle motor show in Birmingham, which is likely to produce fresh interest. Other new models will bring the group into the chilled food market.

It is also one of the biggest manufacturers of aerial work platforms, which are increasingly replacing scaffolding thanks to assorted EU health and safety directives. They have only just started to target the US, the biggest market for these platforms.

Tanfield doubled profits last year to 5.4m and analysts keep upgrading their forecasts for future earnings. Even at these prices, the shares are still worth a look. Buy.