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

Has a great future of that there is no doubt.

Tis a stock I tend to trade though rather than hold for the long term

i dare say i have missed something (perhaps a bucketful of brain cells), but the figures and prospects look great to me ...... i reckon the sharp mark down is to pre-empt profit-takers, so have bought back in at 108.25 (i have been out for a few weeks)

I was going long on this....needless to say the stoploss did not work....really great.....can't make this out : good figures and prospects like cynic says...what happens it plunges...blast !

RF ..... if you mean you got stopped out but below the level at which you set, it is because you did not have a guaranteed stop ..... thus, if sp is marked down sharply, as happened here, then you get stopped out at that point .... hope that makes sense

Well yes cynic...did not have a guaranteed stop...did not expect a 14 to 15p drop on opening....the market's nuts nowadays !

Not really surprised by the fall.

Great cy, great prospects but in this mkt unless you are way above expectations you are going to get a pounding.

I've got HVN after results eps around 7.5 yet trades at 40p and didn't budge.

I want to buy in to TAN but feel it could drop further.

And look at it now minus 15.75p down...has the world gone mad ?

clearly more short-term money in there than i thought ..... perhaps a good chance to buy back in ..... POG were similarly a bit silly this morning, despite a firm BUY in Telegraph this morning .... have now done rather better than just recover!

TAN had been rising sharply in the lead-up to the results - it's not unusual for the sp to then drop on the actual day of the results.

It is possible that some holders have been disappointed by this:-

"Earnings per share increased by 194% to 3.59p (2006:1.22p). No dividend has been
declared (2006:nil). The retained profit of 10.4m has been added to reserves to
fund further business growth."

With expansion going on in the US, I would have been disappointed if a dividend had been declared at this stage.

Do you know how about doing the opposite of what is sane...how about TLW short sounds great to me in this nutcase market of ours !

i think just a lot of short term money being squeezed out .... i actually got a fat finger and bought more than i intended at 108, but am ever so tempted to get some more at this level

And to make matters worse Stanelco have risen....I know...super loss making bleeding Stanelco...I'll think I'll go and have a lie down under water and scream !

This has gone from 124p to 100p...????

WH Ireland has cut Tanfield Group Plc. to 'sell' from 'market perform' following full-year results Tuesday, which the broker said came in below its expectations, highlighting poor cash flow performance, according to market sources.

Earlier, the maker of electric commercial vehicles and aerial work platforms reported pretax profits of 12.4 million pounds for the year to end-December against 3.7 million pounds for the previous year.

WH Ireland had forecast pretax profit of 17.4 million pounds.

The broker noted that 42.4 million pounds has been absorbed into working capital -- it had been expecting 30 million pounds -- and together with 4.8 million pounds of capex -- against the broker's forecast of 5 million pounds -- this left a free cash outflow of 29.5 million pounds.

Net cash at the year-end was down to 28 million pounds, against the broker's expectations of 45 million pounds. This cash burn is not sustainable for much longer, said the broker.

WH Ireland pointed out that the shares have been strong ahead of these results which, it said, have failed to live up to the hype surrounding the company. It is time to take profits, said the broker.

There has got to be a rebound here....what would the sp be if the results were bad, I dread to think ?.

Profits what profits ?

I hate to depress you rf but IMO this is going down short term to 70 -80p.

Great company though and all other things being equal will be 150-200p within the year.

That will cheer cynic and myself up no end thanks !

I have to agree with W H Ireland's view with the exception of "This cash burn is not sustainable for much longer", IMO the cash burn will not continue if TAN's order book continues to be as strong as it is. I view the share as a 'hold' rather than a sell.