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

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...

I suspect India/China etc. will continue to take up the slack for a while. My biggest concern is that China's massive expansion has a sudden collapse, triggered by rampant inflation and the West shuting up shop with less demand for all those Chinese goods. That of course leads to big inventory build ups, which always creates problems if demand slides. In fact if the plan (think I read it somewhere but could be wrong) is to shut down a lot of production during the olympics to avoid pollution, a lot of the current over production/demand may simply be due to inventory building.

Just a thought......in my opinion.

Strawbs.

Can't see many people drving around in delivery vans or giving up their luxury cars. Sooner or later somebody will issue a report showing how much carbon is produced by generating electricity needed to power electric vehicles never mind the cost. It occurs to me the benefits are eroded by the continuing need to burn fossil fuels to generate electicity, although polution in cities could be reduced, polution would still increase as more electicity would have to be generated by power stations.

Yep. Always been a little odd that. Just because you don't see the pollution (from the vehicle) it doesn't mean it's not being produced elsewhere. I believe electric drive is more efficient than combustion engines, and I suppose nuclear and renewables play a part somewhere in the equation to balance/reduce the carbon foot print. I wonder if Tanfield will get into wind turbines/solar for installation on site (at depots). Maybe that would go some way to being truely green (if that concept can ever really exist).

In my opinion.

Strawbs.

running costs not eco-nomics will provide the stimulus

3rd thought the next day if Oil does get to $200 (you should be in oil shares) then all commodities will be more expensive including Leky that runs the so called cheap to run Tan vehicle.

OPEC is not increasing output indicating that it wants oil price to go to $200 - this will prevent recovery in global economy