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Tanfield Group - any info out there? (TAN)     

mr mike - 21 Jan 2004 13:49

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

cynic - 06 Jun 2007 11:52 - 165 of 1076

arguably a bit bravely, i bought back at 150 having missed the very bottom (or least today's current) .... in truth did not expect to see such a sudden tumble, but there must be quiote a lot of short term money being pulled or forced off the table

skinny - 06 Jun 2007 15:22 - 166 of 1076

Tanfield are being featured on Working Lunch tomorrow.

skinny - 08 Jun 2007 08:02 - 167 of 1076

Working Lunch clip

skinny - 13 Jun 2007 08:48 - 168 of 1076



CONTRACT WIN



Tanfield is pleased to announce that Smith Electric Vehicles has won its first
contract from the Royal Mail for its next generation zero emission vehicles.



The Royal Mail has ordered one of each of the Edison and Newton higher function
delivery vehicles, for trials. The vehicles will be deployed in London, in
parcel and post distribution operations.



Edison is a sub-3.5t electric van, built using the Ford Transit shell. Newton is
sold in 7.5t and 9t configurations. Both vehicles have restricted top speeds of
up to 50mph and are capable of covering 150 miles on one battery charge.



Royal Mail has a fleet of over 33,000 commercial delivery vehicles operating
across the UK, including approximately 10,700 3.5t vans and van derivatives,
plus 2,500 7.5t trucks.



In line with a growing order book and increased interest in both Newton and
Edison, Tanfield is installing extra electric vehicle production capacity at
Vigo Centre, its 250,000sq ft assembly facility in Tyne & Wear, UK.



Darren Kell, Chief Executive of The Tanfield Group Plc, said: "We are delighted
to have sold our first vehicles into the Royal Mail. The adoption of the Low
Emission Zone in London and expected road pricing in 10 other urban conurbations
across the UK will significantly increase the addressable market for electric
vehicles. To this end, we are now installing additional production capability at
a much faster rate than we had previously planned.



For further information:


The Tanfield Group Plc Tel: +44(0)845 1557 755

Darren Kell, Chief Executive dan.jenkins@tanfieldgroup.com

Charles Brooks, Finance Director

Fishburn Hedges Tel: +44(0)20 7839 4321

Morgan Bone Mob: +44(0) 7767 622 967

James Benjamin Mob: +44(0) 7747 113 930

tanfield@fishburn-hedges.co.uk

St. Helen's Capital plc Tel: +44(0)20 7628 5582

Ruari McGirr

Cenkos Securities plc Tel: +44(0)20 7397 8900

Stephen Keys



website: www.tanfieldgroup.co.uk

Notes to editors
The Tanfield Group Plc is the world's leading developer and manufacturer of
road-going commercial electric vehicles and aerial work platforms. Tanfield is
headquartered in Newcastle with operations in the USA and Japan. It has two main
divisions:


Smith Electric Vehicles, was founded in 1920 and acquired by Tanfield in October
2004. Since its acquisition, Smith is developing into a world leader in new
technology electric vans and trucks with greatly enhanced performance, speed and
range capabilities. This makes them attractive for all fleet operators in large
towns, cities and closed industrial environment. For the first time, these fleet
operators have an economically viable, zero emission alternatives to using
diesel vans and trucks. Smith has an unrivalled UK-wide service and support
network, which already maintains over 5,000 vehicles for major fleet operators.
This core element of the business

Juzzle - 14 Jun 2007 09:44 - 169 of 1076

What does Shares Mag say about Tanfield today?

cynic - 19 Jun 2007 10:02 - 170 of 1076

called this one right by selling at 168 and then buying back at 150 just a few weeks back ...... chart below is now interesting insofar as sp is again challenging the all time high of 168 ...... wilol it break through? ..... reasonable chance is my guess so shall keep holding

Chart.aspx?Provider=EODIntra&Code=TAN&Si

skinny - 19 Jun 2007 12:38 - 171 of 1076

er yes!

Fred1new - 20 Jun 2007 13:40 - 172 of 1076

Very nice.

I have to admit to holding and embarrassing mumber of TAN.

It will fit into a SIPP very nicely, but not ISAs.

With the below information I had a look at ENOVA, but for me to complicated to place in SIPP, because of listing and holding of American stock and therefore dealing costs.

I think it has a long way to ride and was looking at ENOVA and possibly a quicker growth than TAN




Enova can be traded as CFDs, but for me it is a bit to complicated.


Enova Systems, Inc.
20 June 2007





Enova Confirms Production Order from Tanfield's Smith Electric Vehicles Delivery of 90 and 120kW systems to Tanfield has begun



TORRANCE, CA June 20, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS), an early stage production company in an emerging industry and a leading developer of electric, hybrid and fuel cell digital power management systems, confirmed that it has received and begun delivering a production order for 300 systems from Smith Electric Vehicles, a division of The Tanfield Group Plc (TAN).



Enova has worked in partnership with Tanfield for almost a year now, developing high performance electric drive train components for Smith Electric Vehicles' zero emission electric vans and trucks. Under the production agreement, Enova will supply 90kW and 120kW electric drive units to Tanfield.



The order is scheduled for delivery throughout the remainder of 2007, as Smith Electric Vehicles continues to secure orders with major fleet owners in the UK and Europe and continue to penetrate the growing international market for commercial electric vehicles.


Mike Staran, Enova's Executive Vice President said:

'Smith Electric Vehicles is one of the world's leading developers and
manufacturers of road-going commercial electric vehicles. Choosing Enova as a key supplier really emphasises our belief that Enova is a world leader in electric drive train technology. We look forward to working closely with Tanfield in this fast-growing market.'


Darren Kell, Chief Executive of The Tanfield Group Plc, parent company of Smith Electric Vehicles, said:



'Enova has worked hard with Tanfield to develop the most efficient drive components possible for our Smith Electric Vehicles vans and trucks. The Enova units will be a key drive line component in the first fleets of new-technology electric vehicles from Smith.



Tanfield's work with Enova is in line with our strategy to develop and incorporate best-of-breed technology throughout our product portfolio.'



Smith Electric Vehicles, based in Tyne & Wear, United Kingdom,(
http://

www.smithelectricvehicles.com
) is both the world's oldest electric vehicle manufacturer and the world's largest producer of road-going commercial electric vehicles.



Established in 1920, it has been a market leader for more than seven decades. Smith vehicles are used for a wide range of industrial and commercial applications including urban delivery, healthcare, airport and municipal services. It has a worldwide customer base of more than 500 clients, including major supermarkets and global logistics companies.



A typical Smith Electric vehicle can achieve ranges of over 100 miles between battery charges and speeds of 50 mph. Because they are zero emission, Smith Electric Vehicles are exempt from the London Congestion Charge and also qualify for free parking in parts of central London. They also qualify for other tax breaks and costly license exemptions.







About Enova:

Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company's core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies 'enabling technologies' in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and
management systems for distributed generation systems. The Company develops,
designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the 'new' and 'retrofit' vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.





ENOVA SYSTEMS, Inc.
19850 South Magellan Drive
Torrance, CA 90502
310-527-2800
Contact: Mike Staran, Executive Vice President/Investor Relations




skinny - 27 Jun 2007 11:27 - 173 of 1076

Tanfield Re: Press Speculation


RNS Number:1123Z
Tanfield Group PLC
27 June 2007

Tanfield Group Plc
("Tanfield" or the "Company")


Recent press speculation


The Company notes the recent press speculation regarding a fund raising. The
Company confirms that it has completed a placing to raise #115 million at 163p
per ordinary share to fund a substantial acquisition, which is expected to be
significantly earnings enhancing in the first full year of ownership. The
placing is conditional upon, inter alia, completion of the acquisition and the
Company expects to provide further information shortly.




skinny - 27 Jun 2007 13:15 - 174 of 1076

Tanfield raises 115 mln stg in placing at 163p/shr for acquisition UPDATE


(adds expected timing of deal)
LONDON (Thomson Financial) - Electric vehicle developer Tanfield Group PLC
said it has raised 115 mln stg through a placing at 163 pence per share to fund
a substantial acquisition.
The company said it expects the acquisition to be significantly earnings
enhancing in the first full year of ownership.
Sources close to the deal said negotiations were well advanced, and it is
understood that an announcement will be made in the next 10-14 days.


Dil - 27 Jun 2007 19:46 - 175 of 1076

Be bigger than Ford soon :-)

Fred1new - 27 Jun 2007 20:03 - 176 of 1076

I need a new car.

skinny - 28 Jun 2007 07:41 - 177 of 1076

Dil :-)

Tanfield to buy Snorkel Holdings; raise 115 mln stg via placing


LONDON (Thomson Financial) - Electric vehicle developer Tanfield Group PLC
said it plans to acquire Snorkel Holdings LLC for 50 mln stg in cash and shares
and will assume 12.5 mln stg in debt.
The company said it will raise 115 mln stg through a placing to fund the
acquisition.
Snorkel supplies industrial aerial work platforms and has manufacturing
capabilities along with strong sales and distribution in the US and Australasia,
Tanfield said.


Juzzle - 28 Jun 2007 08:54 - 178 of 1076

New broker target 230p (St Helens Capital) - previously 150p

Tanfield Group (TAN.L)
Pro forma Mkt. Cap.: 642.5m*

Recommendation: BUY
Price/Target: 184p/230p
St Helens Capital



Event: Acquisition and placing

Tanfields acquisition, subject to EGM, of Snorkel creates the third largest Powered Access manufacturer with a global footprint and comprehensive product range. Tanfield has dramatically increased its US sales and manufacturing capability through the acquisition and gained a beach head into Asia. The 50m consideration represents 7x trailing 12-month EBIT with considerable scope to increase both Snorkels growth and profitability. In order to fund this acquisition, repay outstanding debt, purchase two Snorkel freeholds and launch SEV in the US, Tanfield has raised 110m (net) at 163p/share. The transaction is marginally earnings enhancing for FY07 (+3% to 3.8p) with a considerable increase in FY08 (+29% to 7.6p). We maintain our BUY rating and set a 230p price target (150p).





Stan - 28 Jun 2007 08:59 - 179 of 1076

Snorkel supplies "industrial aerial work platforms" and has manufacturing capabilities along with strong sales and distribution in the US and Australasia, Tanfield said.

Interesting outfit this lot, but one question though

What does "strong industrial aeriel work platforms" mean please?


skinny - 28 Jun 2007 09:54 - 180 of 1076

Tanfield Annual Report and Accounts


RNS Number:1947Z
Tanfield Group PLC
28 June 2007

Tanfield Group plc
(the "Company")

Annual Report & Accounts and Notice of Annual General Meeting

The Company's Annual Report and Accounts for 2006 together with notice of the
Annual General Meeting, which takes place at 10:00 on 28 September 2007 at Vigo
Centre, Birtley Road, Washington Tyne and Wear, NE38 9DA are available for
inspection from our website:



Juzzle - 05 Jul 2007 11:06 - 181 of 1076

Northern Echo today:


DELIVERY group TNT has agreed a six-figure deal to ship consignments from engineering company The Tanfield Group to the rest of the UK and Europe.
The North-East branch of TNT has won the contract to transport parts used in Tanfield's zero-emission vehicles from its base in Washington, Wearside, to other manufacturing sites across the continent.

Under the deal, TNT is handling up to 200 consignments through its Durham depot a week. Eddie Calland, TNT business development manager, said: "We're delighted to have strengthened our relationship with Tanfield through this new contract."

Tanfield has recorded a series of European successes recently, with trial deals being struck with Sainsbury's Online, DHL, Starbucks, Marks & Spencer and Scottish and Southern Energy, and last week revealed it was gaining a strong foothold in the US with the 50m acquisition of leading industrial platform maker Snorkel.

-----------------------

Interesting that it talks of electric vehicles being manufactured at sites across Europe, and shipping up to 200 consignments per week. Has someone let the cat out of the bag about some imminent joint venture with a bigname vehicle maker that has not been announced yet?

BigTed - 05 Jul 2007 15:06 - 182 of 1076

just read the header post.... hell 3p, damn crystal ball, work you bloody thing....

richardbees - 05 Jul 2007 21:54 - 183 of 1076

Ted, I sold at 120 firmly convinced it was overpriced ;(

cynic - 07 Jul 2007 17:57 - 184 of 1076

hugely bullish write-up in today's Telegraph Money (Questor) section ..... too long to post but BUY was the message loud and clear .... article finishes .....

"This is a stock with enormous growth potential and minimal competition. BUY"
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