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

How short term? :-)

Ultimately I suspect TAN will come back to where it started the year, possibly even lower. Something about the chart reminds me of many I've seen where the "hot money" jumps in to the latest fad, then jumps back out again. A sharp rise up followed by a spikey fall back. It certainly appears to be in a down trend at the moment but I guess only time will tell. I must confess I'm tempted to stick a limit order in at around 86 (which should be good support) and see if I get lucky sometime over the next 6 weeks or so....

In my opinion.

Strawbs.

Today? LOL!

unlike GOO and VIY and AMER and a multitude of other fad (bad joke) blue sky companies, TAN is a very proper company that has been in biz for 80 years from memory.

TAN produces good profits and has an excellent forward-order book.
At what level the share becomes "unmissable value" is too hard for thickos like me to determine ..... for that matter, other than general market malaise and perhaps the weak $, it is unclear to me why sp has fallen quite as far as it has.

Five more trading days after today, before EVS-23 (evs23.org) which is the biggest electric vehicles event in the world this year., Smith EV have one of the biggest exhibition stands; bigger than Honda, bigger than Ford. And will be officially unveiling the 12 ton US-specific version of the Newton delivery truck. I imagine they will also be announcing the names of their latest customers - whose names have been held back for maximum impact. Also announcing the commencement of their US production of EVs.

I think the SP drop is or was due to many backers sitting on good profits and in this jumpy market, jumped.

What appears to me watching is that the spread changes occasionally are quite wide. NMS is also quite small.

I think on contracts signed future income if very solid over next 5-10years. Depends on future R+D.

Gearing and cover seems OK.

I bought in a SIPP as a long term hold.

BDYOH.

Judging by the intra day chart that should've been about 15 minutes then Al. ;-)

Strawbs.

Good day so far .

Guess I won't get them at 86 today then... :-)

Strawbs

Latest RNS suggests Deutshe Bank AG has sold 10 million shares in the past week?

not sure your timescale is correct, but perhaps they have been passing them on to Prudential who have increased their stake to 14%+

If you look at the RNS releases you will see that Deutshe reduced their shareholding from 9.95% on 21/11/07 to 7.23% on 28/11/07. Prudential notified TAN they held 14.59% on 8/11/07 up from 13.03% on26/10/07.

Halifax, my information corresponds with yours and cynic's. This may also correspond with the share price movement over the last weeks.
I bought TAN as a long-term hold (1 to 5 years for my SIPP expecting it to be volatile due to a relatively small capitalisation.

no resistance between 128p and 148p, this one has been a darling again the last two days... shorts closing and longs taking up...

Why Electric Cars Are Set to Accelerate

Tanfield's Smith EV website should carry a news update today or tomorrow, regarding US ev plans.

This should help the price a little.

Tanfield Group's Smith Electric Vehicles to build new plant in US
AFX


LONDON (Thomson Financial) - Smith Electric Vehicles, the producer of electric vans and trucks owned by Tanfield Group PLC, said it will establish a major production facility in the US with the capacity to produce up to 10,000 zero emission vehicles a year from 2010.

Smith Electric Vehicles, which already has a 70,000 sq ft facility in Fresno, California, with the capacity to produce 1,000 vehicles next year, said the new plant is needed to meet demand for its vehicles from mail and parcel companies, grocery and retail delivery groups and utilities.

'Ten thousand vehicles a year is a substantial commitment, but we believe that is just the start,' said Tanfield Group CEO Darren Kell. 'Our initial research shows that there is an addressable market in the USA of around 200,000 units a year for our commercial electric vehicles.'

The group said it is also looking for a larger base in UK, where it wants to increase capacity from 1,500 vehicles next year to 5,000 in the future.

Kell said the company had sounded out a number of local councils in the US about the siting of the new factory, which would need a 300-acre site and would create at least 500 jobs.

'The response has been extremely positive and we will be moving forward with an identified location in early 2008,' he said.

Reported earlier, and more fully than Tanfield's own website, at this site:

www.earthtoys.com/news.php?section=view&id=3503

www.earthtoys.com/news.php?section=view&id=3504

Both stories are well worth reading imo.

- and an image of the vehicle - the lhd 12ton Smith Newton

Thanks Juzzle - great pic!

The look of the future ?