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

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?

There's quite a big write up which I read in WHSmith. The broker who rated it a sell now says Hold and Shares agree, saying you should wait for the anticipated US expansion. The Chairman (I think) has a go at the broker along the lines of the RNS above.

heard in investors chronicle its tipped as a buy - is that true ?

yes. IC has it as a BUY.

Four paragraphs, the final one being "It is little surprise that such an actively traded stock has fallen sharply as equity market sentiment has continued to deteriorate. This news should shore up confidence and, with Tanfield now trading on 13 times forecast earnings for this year, it remains a buy at 106p, well ahead of our original recommendation (Buy 55p, 5 January 2007)

tipped in todays
Investors Chronicle

TIPS - LARGE COMPANIES: Amec (sell), Renishaw (buy), Rentokil Initial (sell); TIPS - SMALLER COMPANIES: STM (buy), Aukett Fitzroy Robinson (buy), Horizon Technology (sell), Coda (buy), Tanfield (buy), Rightmove (sell), Galliford Try (buy), Venture Production (buy), Balfour Beatty (buy)

sunday telegraph today - tip - buy tanfield - quote - "good opourtunity to pick up stock"

still going down.

"still going down.".. yep just like all the rest, well nearly all the rest bound to be a few slow coaches.

sadly took a bath here, but still like the company .... have kept on my watchlist and expect to re-invest in due course

cynic

imho now's the time to re-invest in tan. I'm back in at 95p and don't think we'll see these prices again.

i know the feeling well .... however, i am far from convinced we have seen the bottom of the pit, and am generally resisting the temptation to throw new mponey into the market ...... have a read of the FTSE thread

Landsbanki (the Iceland based brokerage bank) is about to commence coverage of Tanfield Group and will be publishing their guidance. Not sure which day that will come out but not long. Also expecting more fleet deal news within next couple of weeks. No guarantee that these two items will be enough to lift the share price, but will quite likely help underscore it.

hopefully the shorters who have been attacking this share for quite a while will move on soon.

i have come back on board too

cynic, good, as I respect your judgement

- I'm sure we 've bought at the bottom, ooo..er ...Missus!!

Richard