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

Fred - ok - I must admit I hadn't tried using it :-)

positive rns released

very .... and if i was not already heavily enough into this stock, it would be tempting to buy more

Have decided to join you guys, watched this for a long time, rns is spot on. Unlikely to dip below 100p again imo.

unlike some flakey E&P oil/mining minnows, TAN is singularly unlikely to go belly-up!

Fred - if your watching, CMC do trade TAN on spreadbet :-)

hangon(450) - I think you have misunderstood the market for Tanfield's UpRight division.

Yes, users hire access platforms from plant hire companies. But it's those plant hire companies that buy UpRight's products into their hire fleets. The UpRight division is bigger than the Smith EV division (ratio about 60/40%) and is a world player (top 3 or top 5 depending which territory and equipment you look at).

Check out www.UpRightcom or look via the main Tanfield website at www.TanfieldGroup.com

--

Tanfield Group plc (the "Company")

Re: Share Price Movement

The Directors note the recent movement in the Companys share price and confirm that they know of no reason for this.

December was a record month for Tanfield in terms of order intake and the order book is ahead of managements expectations. The Company is enjoying a strong start to 2008, with production capacity and output also ahead of plan.

Zero Emission Vehicles Division
The order book for the Zero Emission Vehicles (ZEV) division, including Smith Electric Vehicles, is extremely healthy and the Directors reiterate their confirmation that trading is in line with expectations. Production capacity has ramped up to 30 units per week, as planned, and the Company is pleased to report that firm orders have already been received for a significant proportion of the market forecast production for electric vehicles for the year.

The Company did not experience any execution problems in increasing ZEV production capacity from 10 to 30 vehicles per week and the Directors are, therefore, confident that further capacity growth is achievable due to the scalable production methodology now developed. The Directors remain confident that the Companys supply chain will grow to meet this capacity. This rise mirrors the successful ramp up of UpRight Powered Access delivered in 2007, when the Company, and its supply chain, grew production at Vigo Centre from 20 aerial work platforms per week to 200 per week.

Tanfield has now developed and validated lithium-ion phosphate battery packs from a number of suppliers, providing the strong supply chain base required to meet growing customer demand for road-going commercial electric vehicles. This new generation technology is proving extremely reliable and robust and the Directors believe that the added flexibility in terms of how it is packaged on the chassis will open an even broader market for the Companys vehicles.

Powered Access Division
The traditional buying season for aerial work platforms is underway in North America and sales are brisk. Order intake for Snorkel is significantly ahead of the orders booked in the comparable period last year. The Directors are pleased to report that the January order book is the highest it has been for the past four consecutive years and that the Company has forward sold the next six months production capacity. This further underlines the Directors confidence in delivering on their growth plan for the Powered Access Division.

Sales of powered access equipment remain strong across all other key territories, including Europe, Scandinavia, the Middle East and Asia-Pacific regions, with the emerging markets of Eastern Europe, Russia and the Middle East demonstrating particularly strong growth.

www.tanfieldgroup.co.uk

For further information:

The Tanfield Group Plc Tel: +44(0)845 1557 755
Darren Kell, Chief Executive
Charles Brooks, Finance Director

Fishburn Hedges Tel: +44(0)20 7839 4321
Morgan Bone/James Benjamin Mob: +44(0) 7767 622 967/+44(0) 7747 113 930
tanfield@fishburn-hedges.co.uk

Cenkos Securities plc Tel: +44(0)20 7397 8900
Stephen Keys

St. Helen's Capital plc Tel: +44(0)20 7628 5582
Seb Wykeham
Ruari McGirr

Notes to editors

The Tanfield Group Plc is the world's leading developer and manufacturer of road-going commercial electric vehicles and aerial work platforms. Tanfield is headquartered in Newcastle with operations in both the North America and EMEA regions. It has two main divisions:

Smith Electric Vehicles, was founded in 1920 and acquired by Tanfield in October 2004. Following its acquisition, Smith is developing into a world leader in new technology electric vans and trucks with greatly enhanced performance, speed and range capabilities. This makes them attractive for all fleet operators in large towns, cities and closed industrial environment. For the first time, these fleet operators have economically viable, zero emission alternatives to using diesel vans and trucks. Smith has an unrivalled UK-wide service and support network, which already maintains over 5,000 vehicles for major fleet operators. This core element of the business is beginning to fulfil its potential in terms of addressing the requirements of large urban fleet operators, who want to reduce their operational costs and more importantly, greatly reduce their carbon footprint. Smith's airport offering is complemented by two specialist airport vehicle sub-divisions; Jumbotugs and Norquip.

www.smithelectricvehicles.com

Powered Access, contains two of the world's most established aerial work platform brands, UpRight Powered Access and Snorkel International. UpRight is firmly established as the UK's biggest manufacturer of self-propelled aerial work platforms (also known as "cherry-pickers", "mobile elevating work platforms", "aerial lifts", etc). UpRight has assembly facilities in the UK and USA, with products sold through a strong network of over 180 independent, full-service distributors across Europe, the Middle East and Asia-Pacific regions. Snorkel, acquired in July 2007, has significant manufacturing capabilities along with strong sales and distribution, in the USA and Australasia. Tanfield has been successful in extending its powered access product range and is now one of only three "full line" aerial lift manufacturers to have a significant assembly footprint in both the North America and EMEA regions, in what is a $7bn global market.

www.upright.com / www.snorkelusa.com

END

the rns the other day has not stopped the decline looks like another leg down

What is the prospective PER for this vehicle manufacturer?

edit prices look out of date

These numbers are old what is the PER at today's sp?

Company Summary
Company Name Tanfield Group Plc
Last Update of Data 15/01/08
Share Price (p) as of 15/01/08 101.00
Shares in Issue (Current) (m) 370.29
Market Cap (Current) (m) 375.84
P/E Ratio (x) 52.62
Earnings per Share - Last 12 months (p) 1.60
PEG (Historical Growth) (f)
Dividend Yield (%)
ROCE (%) 8.70
Beta (f)

Woodie can a PER OF 52 be justified in this market?

no it cant , i have no forward forecasts to hand for the forward looking per.

and it is really the forward projection that is relevant

It depends on holding length.

If you consider a two year projection the price will be cheap. If you are short term you are going to have an interesting ride for the next couple of months, due to shorters wanting to buy cheaper, they may be disappointed.

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wait for 50p.

Someone tells me Tanfield is named as a HOLD in Shares mag today. What else does it say?