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

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!!)