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 - 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

Tweaked that support to 173p. falls through here that's a longish term channel broken and don't see much support until 150p. Any buyers now are gambling on a bounce.

pth

somebody thinks there is support at 170 , buy bot in operation

md, wish I knew how to spot those. I guess the simple ones are those that keep reloading at the same qty, the clever ones no doubt reload differently, could be an 'iceberg' order as well.

this one simple . seems to be reloading 1k of shares

stopped now , will be interested to see if it returns at 170

The issue of 77m shares would logically have the same effect as a 4:5 consolidation which would, in normal circumstances, reduce the SP to circa 1.45: not normal circumstances however so I cannot see why a fall to 1 should be rumoured unless it is to deramp (not pointing the finger at you Oilyrag).

PTH
"does the production of 500 vehicles per year support a SP of 2".................Hmmm, how long is a piece of string?! An Edison panel van costs around 38k including 2 batteries, an additional battery to give extra mileage would cost a further 8k. Not cheap but the cost advantages per mile against diesel is 17p, so that is a saving on just a single commercial vehicle averaging only 500 miles a week of 4,420 per year which, together with all the advantages which go with it, is a major selling point. I know, doesn't answer your question but
does show the potential for attracting sales. The company is expanding, costs will be higher initially but should be recouped from sales following increased capacity.

It may be a little too soon to be looking at a 2 SP but the future of Tan is surely rosy; Smith Electrical Vehicles have been around for 87 years and today's 'Green' market is more than ready to take them on board in a major way.

Is this a good entry point or do I wait for the quid level?

Cheers for info
Al
;-)

Al - bugger off :-)

Oh, that's nice! Only asked an honest question. ROFLMAO!

Been monitoring this for a few days. ;-0

170p is a tempting level to enter

60p was better :-)

Think you're taking the piss Al :))

Bugger off! ;-))

Not like me pth.

Seriously, she currently fits my criteria for long entry on this pullback.

could be to do with an article by Investec in the FT which was a misprint, they indicated a target price of 1.08 whereas they have actually upgraded to 1.86...
the 2 a share thing, well maybe not true value at the moment but the market always looks ahead...