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

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?

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:

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?

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

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

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"

I'll need to get a look at the article not that I would have thought any less even more so after their recent acquisition! I'm that confident is this co that I bought more at 1.94 only a week or so ago. I've already made a very healthy sum of money after buying in at 29p, still holding and no intention of selling. Not too concerned about market conditions etc.. as this is long termer for me. each to their own.

Good luck all holders.

Telegraph Questor Article

Strawbs

Thanks cynic/Strawbs

The shares are trading on a punchy 61 times forecast earnings,

The shares are trading on a punchy 61 times forecast earnings, dropping to a more manageable 26 times earnings in 2008.

But, as with so many growth stocks, that gauge becomes slightly irrelevant.

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

Iankn73
Just getting back at cynic for constantly deramping GTL

No probs driver! LOL

never even saw your comment driver .... as for deramping GTL, that is a calumny; i wrote as i saw it, and seem to have been proven right ...... i see GTL going nowhere fast, whereas DOO is the reverse

80 years in the business although objectives and aims have been moulded a bit since then but nevertheless plenty of upside and well with the money. A great buy I for me at least.

We may see the sp reach 2 this week .

And you may not, take a look at the TA thread.

TAN is certainly struggling badly to break through 200, though to be fair, it has had an exceptional run of late ...... i am inclined to side with PT's view that 185 is likely to be seen sooner than 201 notwithstanding the market in general should get off to a chirpy start tomorrow

Midas: Tanfield on track with niche businesses
By Joanne Hart, Investments editor, Financial Mail
15 July 2007

Tanfield Group is a company in transformation. Originally a rather dull engineering services business, it now operates in two fast-growing and exciting sectors - electric vehicles and raised work platforms.

The market is worth more than 3bn globally and is particularly well developed in America. But the platforms are increasingly popular in Europe too, particularly since 2005 when the EU made it more or less illegal to use ladders for anything but the simplest work.

Tanfield entered the sector last year with the acquisition of Upright International, a company that used to be a world leader before falling on hard times in the Nineties. In just one year of ownership, Tanfield has dramatically improved this business, increasing turnover tenfold.

The whole aerial access market, as it is known, is growing by between 8% and 10% annually and should continue to do so until at least 2012.

Tanfield chief executive Darren Kell believes his company can achieve 10% global market share within three years.

Then there is the other side of Tanfield, centred on Smith Electric Vehicles. This firm was founded in 1920 and spent most of its life as a maker of milk floats. But it was acquired by Tanfield a few years ago and has since become the world's largest manufacturer of electrical trucks and vans.

These are eco-friendly vehicles recommended for any driver that spends most of the time in town. Though they are more expensive to buy, running costs are a fraction of that of standard vans and drivers do not have to pay congestion and similar charges. Sainsbury's has them for home deliveries and other users include TNT and DHL.

Globally, it is estimated that the market could grow to three million vehicles over the next few years. Tanfield makes ten a week but it expects to increase this to 30 by early next year.

Midas verdict: Tanfield shares have had a good run recently to 1933/4p. But the firm has huge potential and Kell is determined to put it on the map. Buy and hold.

Close today 199 for some time . Come on 2