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

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!

Come back in a months time - I would expect the sp to be much higher c 10p or so

Baz! Where've you been all this time?! I was in London for a few days recently and overheard a conversation between 2 taxi drivers; they reckoned that electric was the way to go, given the price of diesel/petrol at the time and an aversion to hydrogen. I then asked a few more drivers what their preference was and I suppose the majority answer was "I don't care mate, so long as I get my fare!" Having said that, there did not seem to be a majority preference other than "anything is better than diesel/petrol, electric would be the cleanest and it's what the underground use, the trams used to use it, so why not?!"

Given the government commitment to 'green' schemes I added to my TAN holding. So if I were you I'd sell!!

Decent commentary out from Investors Champion today, www.investorschampion.com

The access exposure is a big worry and would appear to have virtually no value in a downturn. The electric vehicle growth story is now pushed back to a longer term story and management admit they are running the business for cash not growth. We need to see a sign of a turning point in the markets and unfortunately this is probably 6-12 months away.
Operating cost reduction steps may avert disaster and financially it would appear to have some head room but it still looks a risky one at this stage.
A whole raft of unhappy institutional shareholders means there is zero support on that side

Grim then !

Check out the Case Studies page on the Smith website -
www.smithelectricvehicles.com

13 examples there now.

And who else, anywhere in the world, offers a range of fully developed electric vehicles as wide as that displayed on the Smith home page?
(Answer: Nobody. Nobody comes anywhere near)

and how many confirmed orders does TAN hold and is that sufficient to make and keep the company profitable?

I caught an interview in the early hours with this company - http://www.marketwatch.com/news/story/tesla-secures-40-mln-debt/story.aspx?guid=%7B217F44E3-444E-480D-914B-1847076219F0%7D&dist=msr_1 - looks quite interesting!

tan breaking out - now 7.5p

Still at 7.5p today

But, arguably, with a brighter future (if there is such a thing these days!!)