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

Hi Cynic,know about you buying TAN.Did you buy shares in PET-Petrel Resources Fatastic AGM.Apologies for o/t feel more to come PET over the next few months holding 2-5 years.

struggling to break resistance at 150p, which after all was support level for a while on the way down. In the absence of a further sell off in the next few trading days, i would imagine it will fly past 150p, of course the same in reverse is true, a swift drop to 130p could also be on the cards in the event of further bad news from the states...

having tested 150p nearly every day and hastily retreated, could it be significant that finally it has closed just above... tomorrow will tell...

hi lex .... no i didn't, but I see PET has rocketed away .... good luck on that one .... for myself, am still trying to invest but cautiously for the nonce which means, in particular, avoiding E&P mining/oil stocks

has held and indeed continued to gain as expected, will be interested to see its new trading range 150/165p perhaps? now have (thanks to the correction a core holding) but consider this a great share to trade in and out

looks as though 50dma will converge with resistance at approx 168p, think this is as far as it will go until the credit problems are truly forgotten...

I do not hold TAN. You guys may be interested to know that TAN in this weeks top ten buys! Fits with bullish chart and general positivity.Good luck to you all.regards lex:o)


http://www.easier.com/view/Finance/Investments/Stock_Market/article-137369.html

Top Ten Retail Investor Buys & Sells for week ending 31 August 2007
31 August 2007

Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: Investor interest has been high in resource stocks this week, with a number of TD Waterhouse customers taking the opportunity to increase exposure to the oil and gas sector by buying heavily into Petrel Resources. Share price in the Company is hitting annual highs of 148.50p, up over 219 per cent this year on last.

However, some of our other customers took this opportunity to take profits with Meridian Petroleum and Max Petroleum reaching number six and eight respectively on our sells list. Share price in Meridian which is due to announce its interim results next Thursday is up over 5 per cent on last week, possibly boosted by reports that commercial sales at its Orion 36 well in Michigan; USA are exceeding initial expectations. Meanwhile, Max Petroleums share price continues to slump further from last week, down over 10 per cent, a slide of almost 50 per cent month on month.

Elsewhere on the markets, investors sold off stock in solar cell producer Renesola, the Company had recently warned that its financial target for the year could be adversely impacted by a cut in its 2007 production outlook. Profits were surging early this year but August sees share prices down by almost 50 per cent on July, slipping 7 per cent this week. Despite this fall, share growth in the Company is still up by over 70 per cent on the year after stellar gains from production capacity expansion and a number of sales contracts wins.

TD Waterhouse Top Ten Retail Investor Buys & Sells for week ending 31 August 2007

Top 10 Buys
1 Barclays
2 Partygaming
3 Royal Bank of Scotland
4 Northern Rock
5 Petrel Resources
6 Standard Life
7 Tanfield Group
8 BHP Billiton PLC
9 Empyrean Energy
10 Worthington Nichol

Is it just me or does the TAN chart look worryingly similar to the WNG one of a month or so back?

Hmmm.

no idea, but i guess a grapefruit looks something like an orange too!

could today see a close above 160p? seems to be struggling at each increment of 10p...

lively this afternoon in the absence of no rns...

possibly due to interims scheduled for 25th September !!

at long last, TAN has broken back quite decisively through a quite stubborn resistance at 160 = 50 dma ...... i wonder if it is too much to hope that the old high of 200 will soon be challenged>

Wait for interims tomorrow. Probably drop back for a day or two before advancing. Very little volume to recent rises.

I intend holding this longterm in SIPP. probably for 2-3 years. Longterm holding is a bit unusual for me generally, but in this case unless they do something "dumb" should be one of those companies with an ongoing uptrend.

Profit up 3x, share price up 5x and mkt cap ~625m. Hmm.

AL - the implied cynicism (lol!) is probably misplaced ...... if you read the whole statement, the forward growth projections are very bullish and the company is clearly a or even the market leader in its field ...... as sp movement is primarily based on sentiment, it is hard to see confidence in the company (sp!) being dented in the immediate future.

Just noticed the mkt cap as I was comparing the result. I don't care how good their growth is or might be, this is a hefty price for what they're managing to return.

I remain cynical and sceptical. ;-))

http://www.dccs.co.uk/shares/Tanfield/Morgan%20Stanley%20September%202007%20Post%20Results.pdf


target price upgrade to 220p from Morgan Stanley, Overweight stance, plenty of upside from here...

THE TANFIELD GROUP PLC
('TANFIELD' OR THE 'GROUP')

INTERIM RESULTS

FOR THE SIX MONTHS TO 30 JUNE 2007

The Tanfield Group Plc, the leading manufacturer of zero emission electric
vehicles and aerial work platforms, is pleased to announce its unaudited interim
results for the six month period to 30 June 2007.


Highlights


Strong financial performance across the Group:


Turnover increased 120% to 36.8m (2006: 16.5m)
Pre tax profit increased 209% to 5.4m (2006: 1.7m)
EBIT 14.3% of sales (2006: 13.3%)
Net cash at 30 June of 4.7m - supporting further growth
Post Snorkel deal cash balance of 42m


Production lines for electric vehicles now installed and fully
operational at Vigo, UK - on track to achieve a capacity of 30 new
technology electric vehicles per week at the beginning of Q1 2008


Volume order from major fleet operator for 50+ electric vehicles -
customer requirements for 2008 already exceeds 600 vehicles


Partnership with Ford for electric vehicles for US market - US
production to commence in December 2007


The Board expects US production curve for electric vehicles in 2009 to
be steeper than the UK


Completion of first stage of Snorkel integration - already achieved 20m
cross-selling to existing EMEA customers


Third crane line for UpRight installed at Vigo, UK, further increasing
output to 200 units per week capacity in September 2007


Shipped first production electric vehicle fitted with lithium-ion
phosphate battery pack - increasing addressable market


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


'Once again, Tanfield has delivered excellent results and achieved high growth
in both core divisions of Powered Access and Zero Emission Vehicles.


The integration of Snorkel International has progressed very smoothly and we can
now focus on growing global sales, while achieving significant cost savings
through supply chain synergies with our established powered access operation,
UpRight.


We have strengthened the management team, grown the forward order book and
worked extensively with our supply chain to gear up for increased volume, in
both Powered Access and Zero Emission Vehicles. The foundations are now in place
for further strong, organic growth in the second half of 2007 and beyond

i rather like the loom fo the chart, as shown below ..... sp twice bounced off 25 dma; it then just pierced 50 dma and paused for breath and has now shot away with considerable impetus and unusually heavy volume ...... next hurdle is the very obvious all-time high of 200/205