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Tanfield Group - any info out there? (TAN)     

mr mike - 21 Jan 2004 13:49

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

skyhigh - 01 Jul 2008 13:01 - 769 of 1076

Blimey ! how bad is this !... glad I got out @ 88p without losing anything...normally I hang on for too long and lose the lot...

good luck to all who still hold....

I'll go back in when the dust settles and it looks like a good recovery play! (might be a whle yet)

hlyeo98 - 01 Jul 2008 13:14 - 770 of 1076

Oh yes, where is cynic nowadays, scot?

hangon - 01 Jul 2008 13:27 - 771 of 1076

Woah! This is not the same as W-N, . . . . . . . IMHO.
TAN has reported correctly that new business is down...that's it....and the sp has reacted to a poor RNS last week....far better to have hinted sales were not rising ( and leave punters to fill-in the gap, at least until today).

(W-N was a miles away from this scenario)
As I read it, they have cash, they have Orders, also some customers are slow-paying ( nothing new there!).....but many orders have been with large companies....and it is essentail Management cosy's up to them, to maintain their Green desires. There is NO_POINT in building vehicles that are not paid-for. Better to take a cancellation-charge (= in the contract?). For that is pure profit, since the metal can be used on another order.

Things are bound to be slack for a while....some layoffs will be needed and that's no different to many sectors. Why would anyone think this is immune?

They claim to have cash to weather the downturn - that is good.
Maybe too quickly, I've bought at 9.4 pence.
(yes, it's 8.9 already!).....but not long ago I was tempted to buy( at +++), so these are a long-term buy. Very risky to Short at these prices......only needs one order, etc. and even the Banks are looking better!

Does anyone think this is a 0p stock?
-- - - - Do tell.

scotinvestor - 01 Jul 2008 13:34 - 772 of 1076

maybe authorities have captured cynic at last and sent him back to his caravan

cynic - 01 Jul 2008 13:34 - 773 of 1076

on holiday in Provence ...... bit the bullet yesterday thank goodness .... and unlike some, i do not gloat when others take a bath ...... shame i did not have the balls (or cash prob) to short SCHE this morning

hlyeo98 - 01 Jul 2008 13:42 - 774 of 1076

Good to see you out of this mess, cynic. Well done for bailing out yesterday.

scotinvestor - 01 Jul 2008 13:53 - 775 of 1076

yes, about 70% hit in about a month or 2!!

oilyrag - 01 Jul 2008 14:07 - 776 of 1076

Don't forget scot to take into account previous gains on this stock. Therefore not a total loss.

Have been watching price closely today and after the initial drop to 5p or so and rise to 10p. It has twice dropped to 8.5p to buy. You have to ask yourself do I go in and at what price am I happy to invest at. I may leave it another day or so, as 5p has been suggested.

Whatever price it reaches anything under 10p is an absolute bargain and a good point for anyone to regain any losses in the mid to longer term. All IMHO DYOR.

oilyrag - 01 Jul 2008 14:10 - 777 of 1076

Suddenly 8.18p to buy, could drop further.

oilyrag - 01 Jul 2008 14:11 - 778 of 1076

8p to buy.

oilyrag - 01 Jul 2008 14:12 - 779 of 1076

7.95p to buy.

oilyrag - 01 Jul 2008 14:13 - 780 of 1076

7.8p to buy.

oilyrag - 01 Jul 2008 14:14 - 781 of 1076

7.6p to buy.

oilyrag - 01 Jul 2008 14:15 - 782 of 1076

That another 10% saving in 5 mins, for prospective purchasers. Not finished in my opinion.

scotinvestor - 01 Jul 2008 14:19 - 783 of 1076

oily

i was talking about my immigrant friend cynic who bought in at well over a quid not that long ago....and now he's ditched shares at well over 70% less.....even banks took about 18 months for this t happen....not a month or so like tan

cynic - 01 Jul 2008 14:22 - 784 of 1076

out of curiosity, when in your bigotted eyes is an immigrant not an immigrant?

oilyrag - 01 Jul 2008 14:25 - 785 of 1076

I know you were talking about cynic, but as I have read this BB for some considerable time now I am well aware of several profit takings made by him along the way. Thats why I suggested that he may not be on a loss at the end of his trading, this time around on this company.

oilyrag - 01 Jul 2008 14:26 - 786 of 1076

Richard, when he's born here. LOL.

oilyrag - 01 Jul 2008 14:27 - 787 of 1076

Back to TAN up to 8.47p to buy again.

scotinvestor - 01 Jul 2008 14:45 - 788 of 1076

u could be born in a stable but it doesnt make u a horse!
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