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

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

Updated TAN TA

Well we have hit the 2 barrier , 2.05 reached , were next on monday ?

Depends on the announcement! But I guess certainly not down.

Tanfield Trading Statement


RNS Number:6874A
Tanfield Group PLC
23 July 2007


23 July 2007


THE TANFIELD GROUP PLC

('Tanfield' or 'the Group')

TRADING UPDATE

Tanfield, the leading manufacturer of zero emission electric vehicles and aerial
work platforms, is pleased to provide the following update on trading in
advance of its interim results for the six months ending 30 June 2007.

Highlights


*Trading for the first six months of 2007 has been strong and in line with
management's expectations


*Smith Electric Vehicles has received orders for its new technology zero
emission electric vehicles from Balfour Beatty, TK Maxx/DHL, Axa and
Translink


*Electric Vehicle order book full for 2007 and until early 2008


*Vehicle production capacity increasing from five to 10 units per week in
2007


*Official European launch of electric vehicles scheduled for Q3 2007 in
Rotterdam with TNT Express


*New UpRight distributors appointed in Baltic States, Austria, Malta and
Saudi Arabia. Negotiations initiated with additional strong potential
distributors in, South Africa and Middle East


*Volume orders for UpRight machines received from customers in USA, UK,
Germany, Scandinavia and the Baltic States


*Cash position ahead of management's expectations


Commenting, Darren Kell, Chief Executive of The Tanfield Group Plc, said:


"Our strategy to develop new technology electric vehicles targeted at major
fleet operators continues to gain significant momentum.


We are developing UpRight into a major force in the aerial work platform
industry, thanks to its unique customer offering of local language, expert
after-sales support through its extensive global dealer network.


The acquisition of Snorkel International will significantly accelerate
Tanfield's development as a global leader in aerial work platform manufacture,
by broadening the product offering, offering bi-directional cross-selling
opportunities, and bringing significant manufacturing capabilities in both the
USA and Asia-Pacific region, allied to global distribution capability.

Our present production capacity continues to increase on schedule, with
controlled expansion in line with the order book growth. We have developed and
nurtured excellent relationships with our supply chain and do not anticipate any
supply constraint issues as we increase machine and vehicle output.


Trading for the first six months of 2007 has been strong and in line with
management's expectations and we are confident of further strong growth both
this year and beyond. The cash position at the end of June 2007 was ahead of our
forecasts and we remain comfortable with market expectations for the year."


Smith Electric Vehicles


The Company continues to make good progress in its core retail and distribution
markets and the Directors are delighted to announce that Tanfield has won orders
for its zero emission electric delivery vehicles from major retailers including
high street fashion retailer TK Maxx, via its logistics provider, DHL Logistics.
This is the third Smith Newton electric truck trial vehicle ordered by DHL to
seed its customers' fleets.


Tanfield is also pleased to announce its first order from a major UK commercial
vehicle rental company, Translink. Translink has ordered two Smith Edison higher
function electric vans, for trials within its rental fleet of over 3,000
commercial vehicles. Other major fleet operators who have placed orders include
construction, engineering and utilities company Balfour Beatty and insurance and
asset management group Axa. Balfour Beatty operates over 7,000 vehicles
worldwide.


Tanfield has also received orders from several other major fleet operators, but
has signed non-disclosure agreements at the request of these clients. As a
result of this strong demand, the Company's vehicle production schedule is full
until early 2008.


The Directors believe that, while urban delivery fleets servicing internet home
shopping and post/parcel distribution remain a key market for zero emission
vehicles, there are significant addressable markets in sectors such as
utilities, construction, Highways and other urban distribution/collection
applications.


The Company is also pleased to announce that it has built and delivered the
first Smith Edison for the Royal Mail, as part of the order for trial vehicles
announced on 28 June 2007. The second part of this order, a 7.5 tonne Smith
Newton electric vehicle, is in build and will be delivered to the Royal Mail
shortly.


The launch of Smith's higher function electric vehicles in mainland Europe is
scheduled for autumn 2007, when the first left-hand drive versions of the Edison
and Newton will be delivered to TNT in the Netherlands. Ongoing negotiations
with major fleet operators in the USA are progressing well.


UpRight Powered Access


UpRight continues to demonstrate strong global sales growth, through its
established independent dealer network and also by winning fleet orders from
independent equipment rental companies.


Volume orders for UpRight machines have been received from customers in the USA,
UK, Germany, Scandinavia and the Baltic states.


Enquiries from independent companies wishing to become UpRight dealers are at an
all-time high and UpRight has appointed new distributors in Central Europe, the
Middle East and Africa. The process of further expanding the distributor network
and strengthening existing dealers, in line with the extended product range from
Snorkel, has been considerably improved by the addition of an experienced
international distributor manager.


Vigo Centre, the Group's 250,000sq ft assembly facility in the UK, is achieving
its current output target of 150 UpRight machines per week and has further
headroom for increased capacity.


In conclusion, the Board of Directors believes that the outlook for the Group as
a whole remains good, with further growth expected in both core divisions. Smith
Electric Vehicles continues to exploit its global first mover status in zero
emission commercial vehicles, while UpRight Powered Access leverages significant
brand equity and its unique distributor network to grow sales.


The Directors expect that the acquisition of Snorkel International will greatly
accelerate Tanfield's development as a major global powered access manufacturer,
by broadening the product portfolio and providing significant machine production
capabilities in North America and the Asia-Pacific region.

And down goes the sp, I'm glad the announcement wasn't bad news......or would the sp have gone up then?!

Taking a slightly different view, TAN have increased production facilities from 5 to 10 units per week, which means in the vicinity of 500 per year. I don't know at what price they sell these vehicles but say at 20k each, turnover would be 10M. There are no figures in the trading statement re profitability, margins etc so difficult to assess overall, but does 500 vehicles a year support a SP of 2? Just a thought.

pth

from a chart point of view, though sp had surged to about 210, it has currently pulled back though the critical 200p mark

Hit a sell order at 2.09 and have just bought back at 198p .

2 post auction!

2 things ..... auction prices are often nonsense, and in this prticular case, i think it is relevant that sp has still not closed above 200 ..... assuming the markets do not collapse (see caveat on TA thread), then there may only be 15/20p downside here, but i cannot see what will give any upward impetus in the immediate future.

cynic - agreed - especially seeing as over 1 million trades went through above the Uncrossing after close :-)

Tanfield Acquisition Update


RNS Number:8906A
Tanfield Group PLC
26 July 2007

THE TANFIELD GROUP PLC

('Tanfield' or 'the Group')


ACQUISITION UPDATE

Further to the announcement on Monday 23 July 2007, following the completion of
both the acquisition of Snorkel Holdings LLC and the receipt of clearances from
the United States antitrust enforcement agencies under the United States
Hart-Scott-Rodino Improvements Act of 1976 on Wednesday 25 July 2007, admission
of 77,324,148 new ordinary shares will occur and dealings commence on AIM on 27
July 2007. These ordinary shares will rank pari passu in all respects with the
existing ordinary shares currently traded on AIM. Following admission there will
be 370,286,089 Ordinary Shares in issue.

Hi guys, heard a nasty rumour that TAN may be going down to 1. I hope not for all holders but keep a watchful eye on it. Please dont have a go at me, as I am only repeating something that I heard about from another BB.

well repeat the rumour or don,t post

looks more like a time to buy to me with sp now nestling on 50 dma ....... prob is the very nervous market so a bit wary of putting money back in, albeit that i took my profit in TAN a week or two back at rather higher levels

TAN sitting on trendline support at 175p. Incidentally, no-one answered my question re does the production of 500 vehicles per year support a SP of 2?

pth