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

Well I am abord here , and encouraged by the institutional shareholders that have recently boarded too.

M

I am encouraged by the share price going up like a rocket!

I gather it was tipped in today's Investors Chronicle. If so that presumably accounts for the initial mark-up. Anyone seen what IC said?

Yep, one of the Tips of 2007

Just been on my stockbrokers site shows: 3/1/2007 Daniel Stewart as Buy, Old target price 60, New target price 76p Reiteration. looking good.

That target is one third higher than current market price. It is only 3 weeks since they last declared a 60p target and they've now bumped it up heftily. Daniel Stewart are clearly persuaded that the current road trials will indeed result in fleet orders. If they are right, I would expect the price to jump pretty sharply the moment such a deal is confirmed.

Looking at the chart these could easily double again from here over the coming year

TAN is this weeks Play of the Week in Shares Mag.....

'Tanfields eco-friendly electric vans
are hitting the streets and sending
the shares soaring. Fantastic growth
hopes and the stock is cheap.'

----------------------------------
Coinciding with an update this morning:


Trading Update
Tanfield Group PLC
11 January 2007


Tanfield Group PLC(
'Tanfield' or 'the Group')

Trading update


The Directors of Tanfield are pleased to report on developments in the latter part of the financial year ending 31 December 2006 and confirm that they remain comfortable with market estimates for the year just completed.

Significant highlights of this period include:

Powered Access Division
Tanfield's aerial work platform division, UpRight Powered Access, has successfully completed its transition to the Group's new UK production facility, Vigo Centre.

Vigo Centre is now fully operational, with the total transfer of UpRight machine assembly from the former UpRight factory in Dublin, Ireland, delivered on schedule.

For the first time last week, Vigo Centre achieved production output of more than 50 UpRight machines. The Directors now expect to achieve consistent output of 100 units per week by the end of February - well in advance of the original target date. 100 units per week will mark the successful completion of Phase Two of the production plan, with further incremental increases in machine output to follow during 2007.

The order book remains buoyant, including another fleet order last week for 120 UpRight Powered Access machines, in excess of 1 million Euros, for a client in Scandinavia.

The Group has already re-introduced manufacture of key strategic product lines at its facility in Fresno, California and will officially re-launch the UpRight brand in North America at The Rental Show in February.

Specialist Vehicles Division
The Smith Newton, the world's first high-performance 7.5 tonne electric truck, has been extremely well received since its launch in December 2006.

Smith Electric Vehicles has trials of Newton underway with both business-to- business delivery company TNT Express UK and contract logistics operator Ceva Logistics. TNT Express UK has already committed to purchasing up to 200 Newtons over the next two years, subject to the results of the trial. TNT NV is presently carrying out a far-reaching feasibility study to assess the economic viability of deploying Newton in other major European urban centres.

Interest in Newton from major fleet operators remains extremely high and the
Group is in negotiations with a significant number of major companies over similar trials.

Smith Electric Vehicles remains on course to launch several new zero emission commercial vehicles in 2007, including variations on the Newton chassis, plus the Smith Edison all-electric van.

Darren Kell, Chief Executive of The Tanfield Group Plc, said: 'UpRight Powered
Access production is now fully transitioned and de-risked.

"We are ahead of schedule to further significantly ramp up volume output of UpRight Powered Access products. In addition, the global appetite for UpRight products continues to grow across Europe, the Middle East and Asia-Pacific territories.

"The take-up in these markets has surpassed our initial expectations and reinforces our view on the worldwide level of brand loyalty for UpRight products. We anticipate the re-launch of UpRight in North America next month will elicit a similarly strong response.

"Enquiry levels for Smith Electric Vehicles are at an all-time high, following the successful launch of the Smith Newton.

"Newton reinforces our position as the world leader in road-going commercial electric vehicles and provides us with an excellent platform to further develop sales, in both the UK and Europe."

Enquiries:

Darren Kell, Chief Executive,
Tanfield Group Plc
Tel. 0845 1557 755

Lindsay Mair
Daniel Stewart & Company Plc
Tel. 020 7776 6550
ENDS

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






Dil - TAN was reconstituted Dec 2003. Chart before then not applicable. Comeleon suspended 33 weeks prior to then (hence foreshortening of year on chart) and was reversed into (not quite as a mere shell, but almost) to obtain a listing.

jzl

The Times, 12 January 2007


Tanfield

With the exception of a scaled-back LDV, Britain may appear to have lost its status as a maker of light trucks and vans. But that would be to ignore Tanfield, a low-profile assembler of electric vehicles based in County Durham, which proved one of AIMs best performers last year. The shares trebled in the space of eight months as a series of contracts for its Smith Electric Vehicles (SEV) division which supplies milk floats to Dairy Crest and 7.5 tonne trucks to TNT provided evidence that Tanfield is well placed to capture a slug of what is expected to be a massive market: that of developing zero-emission vans for short-haul urban deliveries.

But while Tanfields shares may have factored in a lot of hope, and a fair degree of environmental goodwill, yesterdays trading update also confirmed that the company is on track to meet profit forecasts. So far, the bulk of Tanfields sales have come from its powered access division, which makes scissor lifts and other aerial platforms. That business received a major fillip from last years acquisition of UpRight, the third biggest player in the US, where a recapitalisation under its new owners was followed by a swift rise in orders.

How soon SEV turns record levels of sales inquiries into meaningful revenues is harder to gauge. But high fuel prices, urban congestion charges from which its vehicles are exempt and their lower rate of depreciation all play into its hands. At 59p, the shares sit at 12.1 times 2007 forecasts, a perplexing discount to the engineering sectors 15 times. They have further to go.

Local press:
http://icnewcastle.icnetwork.co.uk/0500business/businessnews/tm_method=full%26objectid=18454172%26siteid=50081-name_page.html

Breaking out ... no real resistance before 100p.

A plug for Tanfield among the comments section here yesterday on this US site:

www.greencarcongress.com/2007/01/port_of_la_and_.html#comments

(scroll to the the Jan 13 message timestamped 2:32pm )(timestamp refers to message above it not below it)

Incidentally - for anyone into following progress in the world of greener transport, that newsfeed is well worth bookmarking www.greencarcongress.com
(Note: site is closed for the moment - try later)

See "Shares" perspective on the Traders Thread newspaper roundup today........

not sure who (other than Greystone) suggested getting into these ...... but whoever it was, thank you very much .... did no this morning and already showing 8/10% rise on that price ..... long may it hold or even improve

I have just invested in some more shares in TAN... follow the story at www.shareclubuk.co.uk my own felling about the S.P. is that 80p is not that far away..

Some funds that have Tanfield in their top ten holdings (pointed out by SweeneyTodd elsewhere this morning)

New Star UK special Situations top holding 2.8%.
Premier UK Smaller 5.2% top holding.
Jupiter Special Situations 3.35% second largest holding after BP.
Rathbone Special Situations 2.7% second largest holding.
Rathbone Smaller companies 1.76% seventh largest holding.

a little snip from today's FT ...... "Tanfield (speculation it is close to announcing US contracts)" ...... would be good to read the whole if there is much more, but don't have the link

Hi cynic - the FT reference is just a single line among a summary of stock movements:

"..Tanfield advanced 10.9 per cent to 68p amid speculation that the company, which makes zero-emission vehicles, was close to announcing US contracts.."


Tanfield is scheduled to do an Investor Roadshow in New York next Monday/Tuesday, and its Upright division is taking part in the world's biggest equipment rental trade show in Atlanta 2 weeks later. So it could be that a contracts announcement might be timed to coincide?

thanks Juzzle ...... short odds bet re contracts announcement i would guess

Tanfield enters 'significant' production supply deal with Enova Systems in US


LONDON (AFX) - Tanfield Group PLC said its trading division Smith Electric
Vehicles has entered into a "significant" production supply agreement with Enova
Systems Inc, a developer of proprietary electric, hybrid and fuel cell digital
power management systems.
Tanfield chief executive Darren Kell said Tanfield is developing a
US-version of the world's first zero-emmission truck, the Smith Newton, ahead of
schedule so it can fully exploit growing demand for zero emission vehicles in
North America.
"Tanfield is already in negotiations with a US-based global consumer brand,
along with several global logistics operators, over the supply of Newton
vehicles into their North American urban delivery fleets," Kell said in a
statement.