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

RNS Number : 2758U
Tanfield Group PLC
13 May 2008


13 May 2008

The Tanfield Group Plc
("Tanfield" or "the Group")

SMITH ELECTRIC VEHICLES - ORDER BOOK DETAILS

Tanfield, the leading manufacturer of zero emission electric vehicles, is today able to
release details of part of its existing order
book following an event held yesterday by one of its customers. TNT has publicly announced
that in addition to the 50 vehicles ordered last
year, it has ordered a further 100 vehicles from Smith, 50 of which will be destined for the
UK market and 50 of which will broaden the
roll-out of the Smith vehicles in mainland Europe.

This order constitutes the largest single order ever received by Smith to date, and was
included in the recent order book announcement
stated at the Group's preliminary results on 22 April.

TNT is a European market leader in global express, logistics and international mail
services and has a fleet of 45,000 vehicles across
Europe of which 3,500 is the UK vehicle fleet.

Darren Kell, Chief Executive of The Tanfield Group Plc, said:

"We're delighted by the strength of our continuing relationship with TNT, who have been a
great customer and partner of Smith Electric
Vehicles. Following the clear operational success of our vehicles with the TNT fleet, we were
able to secure this very significant order
from a major operator. The continued roll-out of our vehicles into mainland Europe bodes
extremely well for further opportunities in these
markets"

ECV - mentioned in post 346 are on the rise - can't find any news/recommendations?

TAN could not maintain its act today

Created: 14 May 2008 Written by: Jonathan Eley
Tanfield is a company that, for a while, captured the imagination of investors like few others. Its electric vehicle business, which adapts standard van and truck bodies to run on electric power, seemed to have found a sweet spot in today's eco-conscious vehicle market. Its shares soared from around 20p at the start of 2006 to over 200p by the middle of last year. Then, things started to unravel.
The shares have now halved from those heady peaks and are bouncing about at 90p or so. Recent full-year results showed worse-than-expected cash generation, and the market is clearly worried about its exposure to a flagging US economy, especially in its powered access division, which makes 'cherry pickers' and other working-at-height equipment.

Looking at the share price chart, it's clear the rot set in with the group's acquisition of Snorkel, a privately-owned US powered-access equipment maker. This was a major deal requiring additional capital from equity markets, and Snorkel subsequently soaked up extra working capital too. A statement issued yesterday, providing more detail about the order book at Smith Electric Vehicles, has not done a great deal to reinvigorate the shares.


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IC VIEW:
FairlyPricedTanfield shares are modestly rated, and the company is making efforts to reassure investors that slower economic conditions have not impacted its order book - at least, not yet. But the market has moved onto the next big thing, and the shares have lost all momentum. Fairly priced.


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copied from advfn site

Dan Jenkins Tanfield

subject - re callback request - smiths
to .....................
date Thursday 22 may 2008 12.15pm

No you are not missing something, the fundementals underpinning business are even stronger than they were last year. There are some bears in the market who have succeded in driving down our shareprice but we are working extremely hard to combat this and remain committed to delivering shareholder value. This is not an empty statement, management is putting tremendous effort into tackling this issue. We do not believe the current sp reflects a fair valuatiion for the company and its growth prospects but we are convinced that by contuining to deliver a high level of profitable growth, as we have donefor the past three calendar years these bears will go and find a genuingly struggling company to attack instead of a sucessful and profitable one.

best wishes

dan

Evil Knievil is shorting this, hence I've closed my long !

73.25p now...TAN is clearly a SELL. Support at 80p broken.

I hate people using these threads for their own means.

You're the idiot who said SOLA was a sell.

Your record stinks so why should anybody listen to you?

You've got vested interests in what you say and as such you will be ignored.

to be fair dealer, us investment banks tip and whole world takes notice of them.....and yet these are the same stupid yankee banks that have multi billions of writedowns.....TENS of billions of writedowns.....so why would any analyst take note of citibank etc

Dealerdear, hold by all means if you don't believe me.

Agreed. FWIW alot of people have lost loads thr' the credit crunch and are desperately trying to claw it back.

I think corruption is rife at the moment and most people have their own vested reasons for talking up or down a company/market and as such, as you say, why should we listen to them.

I've no idea what is going to happen. I feel we are at the bottom but I could be wrong. It's what I sense sitting in front of my computer screen each and every day. The next few weeks are going to be vital.

I don't hold any TAN shares atm hlyeo. It's about the only AIM cy I've never lost on! I notice you're not posting on SOLA though.

Been watching this for quite a while now drift down. been looking for the right opportunity to buy in. I know you guys dont have a crystal ball but in your opinion how low do you thing it will go.

Many Thanks in advance
Blanche

not good when sp plummets like this - especially for dumbarse holders like me!
can't see much support above 55, but confess do not understand why this former fave has suddenly fallen so dramatically to the guillotine.

u still got this cynic? jes, its tanked since u recently bought them

not half ..... well not yet anyway - lol!

Think this was the level i was thinking of with my last post, appeared to be on the cards, away for two weeks but may have to start accumulating some for when the share price starts to recover...

As the saying goes, "the higher they fly, the harder they fall". On that basis I think I'll wait for 10-15p before putting any money in! :-) Or I might settle for a higher price if it's part of a rising trend, rather than the current falling one......

In my opinion....

Strawbs.