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

now 74.5p - shorters pulling out ?

Some investors have started to question whether the Tanfield story is fuelled more by hype than reality. A fascinating two-way pull has developed between Tanfield's supportive investors and a number of hedge funds and individual traders who have been aggressively shorting the shares.

Following the release of its annual results in April, analysts raised a number of concerns about the company's lack of disclosure and its high rate of cash burn.

At the time Chris Dyett, an analyst at Investec, said Tanfield was good at trumpeting its new customer wins, new products and future potential, but was "light on firm detail".

No position in TAN but FWIW: Clear divergence on the chart and the MACD which would seem to indicate that the SP has or is close to bottoming out. The recent small recovery needs to breach 86-90p for the downtrend to be broken, however, if going long set a stop at 55-60p to minimise the damage in the event it reverses. Personally, I don't think this is a share to play with at the moment considering the comments posted above re transparency, operational cash flow and profits.

"Tanfield is seeking to repair its relations with the City by appointing a "tier one" broker and bringing in a heavyweight non-executive director. In the past the vehicle manufacturer has been criticised for poor investor communications and disclosure. A source said: "They're looking to add another advisor rather than replace one of the existing brokers but they've not yet come to a final view." The move comes following pressure from leading shareholders who have expressed discomfort about the company's share price, which has fallen by 65 per cent over the last year."


they sure as hell need to do something!

u still got this dog of a share which has money issues

this crap share down again.....maybe back to 10p?

looks like the next leg down has started.

yes....to 10p!

Scotinvestor,

If you have nothing worthwhile to say then please keep it to yourself!!!

i am saying something worthwhile if i'm warning people of the decline of this share.

down down down

I think investors are more than aware of the situation regarding Tanfield and can make their own decisions without your meaningless input.

oh touchy! maybe u r counting your losses now

Perahps if you based your idiotic assumptions on either fundamentals or TA, readers of the thread would read your comments with interest, otherwise your posts are indeed a complete waste of time. Actually I suspect your ill-informed comments are based purely on the fact Cynic is a holder and you are attempting to 'rub his nose' in a losing position, sums you up as a person quite well I think.

PTH and others .... thanks for your support or comfort or whatever, but please do not put yourselves out ..... i am afraid the world is all too full of bigotted and contemptible numbskulls such as "woaded one" and to be honest, his blatherings and snipes are as water off a duck's back

64p looks a tad high for this outfit, although many punters are often excited by this stock. Their electric vehicles are really "social buys" for companies in London it used to be the case they avoided congestion charges and parking agro...an excellent reason . . . .yet I read in The Londoner, that electric vehicles are having their parking-free "perk" removed quite soon......hardly a ruse to encourage EV's....just shows that you can never trust any Govenrment body.
In reality, IF electric vehicles are the way forward then Ford/Toyota (etc.) will soon offer them and TAN will find production in Newcastle(?) is hugely expensive.

The tie-up with London Taxis makes some sense, but I doubt it will result in much of practical use at an affordable price. The fact is that "people carriers" meet all the needs for taxis and can be serviced almost anywhere.
Sad to see the end of the Black cab ( and the Routemaster when Boris finds out the cost!).

daily telegraph money section recently talked about money issue problems with tan......that aint good in current climate.....plus market is bad as it is.

and isnt ek shorting this?

as someone pointed out, this is on another leg down into 50s

looks like 40p to me but I saying nothing in case pt starts on me :-)

you sold that pile of sh*te MDX yet scotty ???

Dil

You know I value your opinion :)

Like I said in my previous, previous post, it's not a stock I want to play with at the moment. It's made a double top, is this a triple bottom? Probably not.

The story appears compelling pt but the share price action suggests otherwise. In my expierience 9 out of 10 times there is no smoke without fire so these are off my radar for the forseeable future.