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

This one here wants to move to the Ukraine...!

Down 25%

Evil Knievil is shorting this.....his insight into the market is incredible, if he is shorting something the best thing is to get out....he is not always right but is a heck of a lot of times !

Got to 40p quicker than I thought.

EKs stratergy is probably a smart one. People fear losing money far quicker than they fear missing out on the chance of making it. E.g. They often fall quicker than they rise. Hlyeo98s scarey chart thread testifies to that.....years of patient rises wiped out in a matter of months...

In my opinion.

Strawbs.

Shorters have to buy back at sometime, i cannot understand this drop when you look at there results and to my thinking they are in the right market being commercial vehicles, where they can save money on fuel costs etc and gives them Hi Eco Profile.
Holding 30k @ circa 85p

Is there any news about Tanfield ? why such a gigantic drop in price?
Somebody must know something somewhere.

sales down in durham or something.....shedding jobs there i think

Share Price Movement (Tanfield)




RNS Number : 7080X
Tanfield Group PLC
27 June 2008


Tanfield Group Plc
(the "Company")

Share Price Movement

The Directors of the Company have noted the recent fall in share price following the
statement made by Oshkosh Corporation, the parent
company of JLG the US manufacturer of Aerial work Platforms, downwardly revising its
estimates.

The Company confirms that it posted its annual report and accounts to shareholders on 26th
June 2008, a PDF copy of which will be
available on the company's web site later today and that it will be releasing a trading
statement on 1 July 2008.


For further information please contact:


Darren KellTanfield Group plc 0845 1557 755
Nicholas WellsCenkos Securities plc 020 7397 8900

Oh dear.

Its almost halved in two days ... someones got wind of a profits warning hence the above announcement imo.

Never catch a falling knife...37p now. Looks like TAN has been another good short by EK. He thinks TAN have failed to deliver and are letting people down. This of course will have a detrimental effect on share price to say anything.

Anybody got the Oshkosh Corp information re decline in sales?

Oshkosh Corp shares plunged 28.4% after mentioning it will make a LOSS in its third quarter.

There's more but here's a taste :-

Oshkosh Corporation Announces Downward Revisions to Estimates for Third Fiscal Quarter and Full Fiscal Year 2008 Results




Oshkosh Corporation (NYSE: OSK), a leading manufacturer of specialty vehicles and vehicle bodies, today announced that it expects a loss of approximately $1.22 to $1.32 per share for its third quarter of fiscal 2008 compared to the Companys prior earnings per share (EPS) estimate range of $1.40 to $1.50 of income for the quarter. The expected loss relates to a non-cash charge for the impairment of goodwill to be recorded in connection with the Company's European refuse collection vehicle manufacturer, the Geesink Norba Group (Geesink). The impact of the impairment charge on third fiscal quarter earnings is estimated to be approximately $175 million, or $2.32 per share. Projected third fiscal quarter results also reflect weaker performance expectations compared with previous estimates for, most notably, the Companys access equipment segment and, to a lesser extent, its fire & emergency and commercial segments.

Lower than expected sales in both North America and Europe driven by softness in non-residential construction and general economic weakness, and rising raw material and fuel costs, have caused us to reduce our outlook for the third quarter and full fiscal year 2008, said Robert G. Bohn, Oshkosh Corporation chairman and chief executive officer.

During the quarter, we also lowered our outlook for Geesink due to a slower and more difficult than expected return to profitability, coupled with expectations of a weaker European economy and higher raw materials costs. This revised outlook has caused us to believe that the value of Geesink no longer supports the goodwill recorded for this business, resulting in the impairment charge we are announcing today. There is no tax benefit associated with the Geesink impairment charge, and the charge is not expected to affect the Company's liquidity, cash flows from operating activities or compliance with debt covenants, nor is it expected to have any impact on future operations. The actual charge for the impairment of goodwill will be finalized during the upcoming third fiscal quarter close process.

The Company expects that fourth fiscal quarter EPS will be below prior years levels and will provide a new EPS estimate range for full fiscal year 2008 when it announces its third fiscal quarter results.

Tanfield yesterday posted its Annual Report brochure - and today it is available online at http://www.tanfieldgroup.co.uk/downloads/AnnualReport2007.pdf

Well worth a look.

I am more than happy to hold.

is cynic though? he's awfy quiet last 2 days

Tanfield tanks after rival's warning
Created: 27 June 2008 Written by: Graeme Davies
Shares in Tanfield look like they've fallen off the top of a ladder. The company, which makes powered access systems and electric vehicles, plunged 40 per cent today and prompted the company to advise it will be rushing out a trading statement next week.

Advertising


Tanfield has been heading south for some time, but the catalyst for the latest plunge has been a statement from New York-listed Oshkosh Corporation, which owns JLG, a US powered-access provider. The main reason for the Oshkosh alert was an impairment charge for an unrelated business, but it also cautioned that "softness in non-residential construction and general economic weakness, and rising raw material and fuel costs," have resulted in a lower sales outlook for JLG. (Read the full statement here)

Tanfield is exposed to these markets courtesy of Snorkel, a US company that it acquired around a year ago (see Tanfield makes US move). With hindsight, this deal is proving to be a millstone around its neck - it required extra fundraising to complete, it has soaked up working capital and worries about Tanfield's increased exposure to US construction have undermined the share price.

Tanfield was one of the darlings of Aim in 2007, turning in a stunning share price performance. But confidence has begun to unravel in recent months (see Has Tanfield run out of power?). Its shares have now shed almost three-quarters of their value in just six months.


--------------------------------------------------------------------------------

IC VIEW
HighEnoughShort-sellers have really got their teeth into this one, and it's not hard to see why. Any exposure to US construction is bad news right now, and the ready availability of Tanfield stock makes it an easy target (it's one of Aim's more liquid stocks). It's possible that Monday's statement will be a profit warning, and it may include a write-down of the carrying value of Snorkel. Until the boil is lanced, high enough

reckon this will be 20p soon