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

i am an ace at calling it right but buying it wrong!

rather tragically i can agree with that sentiment cynic

two product coy ... both going great guns ... very cheap ... what more can you expect from an investment ? my only concern is that they seem to be going too fast while announcing many new models.

Tipton you are right strains will develop if supply starts to exceed real sales.

Poor old Tan. haven't got it but would love to see sp recover.

Fear it isn't going to happen short term.

Apparently TAN is not able to achieve the forecast production level for electric vehicles of 30 per month due to supplier constraints and is only producing around half that number presently. They are going to move the production to another site which will no doubt be costly in time and money. IN addition TAN is unlikely to become cashflow positive before the end of 2008.

Good reason not to sell and to accumulate more on the dips !
Good potential to make impressive gains in a couple of yrs time (imho)

In order to achieve their targets TAN is probably going to have to find a partner with deep pockets.

They'll get taken over by a big car manufactuer (Ford ??) before they realise their full potential imo.

A good buy on bad market days imo but I'm not back in above 80p.

Good luck to all , these have done me well over the last 15 months.

Just back from hols, so missed all the action, but almost find this predictable, i asked ages ago what the prospective PE ratio was, at current sp (as then 100p) and was under the impression it was still stretched, maybe hindsight comes into play here, but something stopped me from buying and i will wait to see if there is further to drop in coming weeks...

In Saturday's Times:

Tiddler to watch

Tanfield, maker of electric vehicles and access platforms, rose 3p to 97p despite an Investec warning that the shares were overpriced. The broker cut to sell with an 87p target. It said most customers for its Smith Electric Vehicle had trial vehicles only. Meanwhile, demand for its platforms looks set to fall as the US construction market slumps.

Suggest that before dumping TAN that one checks projected PEGS, Turnover and EPS etc.
I think you will see the share price going up. Unless the shorters are back in town.

RNS confirms reduction of Deutsce Bank shareholdig by 4million shares.

halifax

So?

Do you realise what DB paid for their first 4 mil shares?

THOUGHT FOR THE DAY .....
if the new bottom line for oil is $100, and that is not such a far fetched assumption, and the short(er) term potential is somewhere north of $150 (i don't buy the $200 suggestion), then proven electric vehicles such as those produced by TAN become an very interesting proposition to end users

2nd THOUGHT FOR THE DAY

cynic have you any thoughts on the weakness of the dollar pushing up the price, the Saudi's had thought of changing the currency to get away from the dollar!! SD

$ is now slowly strengthening ...... also, while some of the other UAE states now work in a basket of currencies (i think), Saudi seems to have no inclination to join that party.

3rd thought for the day.

If there is a recession and people cut back on building and maintainance work, presumably that impacts the platforms business. Likewise if capital is short, then companies may choose to stick with "gas guzzlers" rather than invest in greener alternatives. If you assume that at some point the economy will slow significantly, the supply/demand chain will also reduce. Fewer deliveries for companies, and perhaps more "redundant" vehicles. No doubt electricity prices will also rise in line with higher generation costs (gas/oil power stations).

Personally I'll wait until the price comes back to around the 75p level before I think about investing again. That also depends on what else is going on in the wider economy and Tanfield though.

In my opinion.

Strawbs.

strangely, our own biz (chemicals worldwide simplisticly) which should feel downturn first, is still running flat out, though i confess i watch in fear and trepidation lest it all falls off a cliff

Colleagues of mine in the motor trade industry are moaning that it has gone very quiet, that is surely first line, likewise friends wife - a manager of a travel agent is saying the same... sorry off topic, but i agree TAN has a fantastic future ahead, but i will only be tempted at a lower sp than present...