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

Tanfield isn't "rushing out a trading statement" next week. It's delivering its regular half-year trading update which most of us knew was expected and which has been mentioned at least two dozen times in the past two months in other forums.

And it's out Tuesday not Monday. As announced.

But it looks as though they were asked by the stock exchange to issue a statement today , usual stuff is "we know no reason for the fall etc etc" if all is well not "give us a couple of days to see how we can make things look a bit less bad than they are".

1 would still sell tanfield at 38p
I have posted on the Sharecrazy boards that this stock does not appeal. Today its shares are collpasing, off 26% at 38p as I write. But on balance Id still be a seller.

Supporters will say that a market cap of 141m is too low. An historic PE of 10. A discount to net assets. Maybe. But if one strips out intangibles and assumes a cash drain this stock is actually trading at a premium to NAV.

Cash is everything. Last year (cal 07) Tanfielded reported profits of 10m or so. But its operating cash outflow was 29m. Why? No-one has ever explianed this to me. Add in capex etc and ignoring acquisitions this company happily burned well over 30m last time. Year end net cash was 29m. Unless there has been a market improvement in cash generation then Tanfield may need to reaise additional equity. Those who backed the last funding at 150p last year (another winning issue from Lord Snooty and pals at St Helens) may not be quite so keen this time around.

Posted by Tom Winnifrith on Jun 27, 09:49 AM in Newsflow

its 30p now.....its in meltdown!

if its 10p by monday or tuesday, i'll buy

FWIW the Mkt cap and Turnover appear out of step....so unless there are gold bars in the Store, it's overpriced big time, IMHO...perhaps this "green vehicle" nonsense has run its course.
If the slowdown continues, we shan't need any delivery vehicles.

This afternoon, trading @ 30p doesn't tempt me.

Personally, I think the US-company ann. is NOT Tanfield - but the RNS didn't make it clear (why not? Should be No1 question). However, it would be surprising if TAN sales weren't down, wouldn't it?
Why the fall? - TAN-holders wanted to take their profits, before it all fell over..

I think 10p is probably several months away. A lot will depend on company announcements of course. I've noticed generally that when prices fall dramatically they either hit a wall and bounce, or hit a wall and go sideways, ultimatley trending lower (and slower) over the following months and years though.

In my opinion.

Strawbs.

i cant believe cynic aint commenting on this.....and he'ds gone quiet on barc too

This reminds me of Worthington Nicholls...which has gone bust now.

i didnt even know that hyleo....its funny how one loses track of certain shares over time.

ah, that was one of goldfinger great tips! and in 2006 i think so hardly a long time ago. beware of gf tips.....many bomb from what i've seen

think worthington nicholls had a name change to manage support ord.

scot I have noticed your many postings on a number [many] coys, and they have left me wondering whether in fact you own any shares at all ... any way I bought shares in Tan yesterday @ 28.75 despite all your many warnings, could that be contra investing? Also I very much look forward to a posting from you recomending something to buy.

tipton

buy nothing.....cash is king now.

everything is doomed.....uk is heading for abyss.

we need new government and good leader 1st before anything else is going to improve

h98+ano
ive been beating this, my same drum, about risk awareness, money management,and averaging down,( buying against the trend) for quite some time.
enough time to have hopefully helped any that listened or heeded.
unless they have deep pockets usually, and most of us dont.
it isnt a question of being bullish or bearish, it doesnt matter, its simply being in control of risk.
' the best thing one can do with good advice is to pass it on,
for it is seldom of any use to oneself '
Oscar Wilde.
si
ok so cynic got this one wrong, so what?
have you never been wrong?
i got pfc wrong, cynic got it right.
and so it goes on, thats the nature of the market.
as long as we get more right righter than wrong wronger then we stay ahead.
but no one gets everything right.
thats why money management and risk management is so important.
please dont tell me i am posting after the event
best regards to you all
jkd

Tanfield's annual report is due out this coming week. This would make uncomfortable readin as it is likely to contain nore detailed disclosures on the company's disappointing cashflow situation.

SELL now at 29p.

hlyeo98 it has already been issued on co website.


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.

Tanfield annual report year 2007 see - http://www.tanfieldgroup.co.uk/annual_reports.asp

hyleo is such a happy bastard reminds me of EK and his mates

pot calling the kettle black if ever i heard it dil.

i can see this going to 20p this week and eventually 10p.

Does EK post these days or u too busy shagging that muppet TW for every penny he costs his followers :-)

One day he'll suss u ..... even with his pea brain.

I still can scotty so whats your point ?