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

On the condition that the market and everybody else does not think that TAN is not going under in the short term (I don't)....then with the extra credit facilities....this should be in my estimation worth somewhere between 10p and 18p, not at this ridiculous level now....(got to say I took a small punt on these at a fraction over 6p)....we shall see....it does sell a very promising product and at the moment no debt and redundancies are not going to cost 11 million pounds....could be a great recovery play next autumn.

shadow...a little over optimistic perhaps ?.

i like to be posative, required field and information suggets that a take over bid will be announced now that the funds are secured. All the best for Monday and beyon... O ver sold big time and a recent Financial purchase will provide the reassurance that TAN will prosper.

Do you know the details of the funding? is it in fact new or a replacement for something maturing.

The funding is valid for 5 years and not many banks, would be prepared to do this if the company was not sound, As they made 12 million pounds profit for TAN reality is a quality company heading back to above 30p good luck.

well daniel stewart were wrong about Tan's ability to secure funding - looks to be no problem and that $35m revolving facility was just for one division.

This was sold off mercilessly last week on blatant scare stories,downgrades and massive shorting attacks - fsa/ LSE should investigate the shorting activity last week imo and whether funds and individuals have indulged in naked shorting here.

Clearly the situation is not terminal at all but has been priced as if it were, all that has really changed is that the co is seeing a downturn in its markets which is universal - it certainly did not warrant being sold off to an inch of its life and to the cash levels in the bank.

There are three well established divisions with impressive pedigrees employing hundreds of people and with a turnover of 200+ million expected for the current year and all sold down to 15 or 16M by friday (it has even got with 11m in cash!)

This could well be the stagecoach or the corus of this bear market imo.

I wonder what fees they paid to get that funding away.

Also, given that profit forecasts for the current year range from about 12 to 20m on 218m turnover a CONSERVATIVE estimate for valuation in the current market should be in the region of 30p to 40p imo ( ie P/E between 7 and 10) which funny enough was about where it was at the beginning of the week 32-33p before the hysteria, derampers and shorters took hold of it. Longer term, if the company executes the turnaround quicker than many expect this should return to sensible levels.

I have never held a position, long or short in TAN but just looking to find out what happened.

I note the Third forecast cut in three days news...

analysts rarely cut ahead of the news and are generally very very late to do anything, in fact they are often a sign it has hit the lows when they cut! So I am looking to see if this might actually be worth buying a few now with that funding news

another interesting fact is that short interest is reported on other sites as 16.5% - that means there are 61M shares on loan and needing to bought back, gonna be one hell of a short squeeze imo. dyor

Yes the fact they secured the loan facility (they may not even use it of course) given current credit conditions bodes well. Id be very surprised if they cant secure a similar deal, if required, for the electric vehicles division given the high oil price.

this is turning out to be quite a ride ... good luck to all holders & tan workers

t 11
quite a ride usually indicates high volatility, up followed by down, or vise verca, in fairly rapid time. so far it seems to be all down in recent times.
i do sincerely hope that down soon turns to up for you, unless you have been riding the waves.
personally i find such rides too much. i get sea sick. really i do .
i much prefer calm seas.
i once travelled across the infamously rough bay of biscay, from portsmouth to santandar.
having spent a few hours in the bar the previous evening, as one does, at the holliday inn portsmouth, i then survived a couple of hours on the ferry, followed by
approx 16 hours in my bed in my cabin being shall we say not well, much to the disgust of my wife who accused me of having a hangover. little did she know. and little could i do to convince her otherwise.
until the return journey that was, when the same thing happened, and she knew i hadnt been near a bar, as i had been driving thro spain all day.
oh well such are the ups and downs of married life.
best regards
jkd

crinkle. post 860 of 863.

Where did you get the loan stock data from,I have been trying to find a website with this information for ages?

The only one I know of is Euroclear but you have to pay for the service. TIA.

I bought into TAN at 5.5p last week.

latest...every MP to drive electric vehicles or be thrown in the tower

I've heard a rumour that the masons are looking to purchase EVs in the near future.

what do you think Maestro?

andromeda, across the road beginning with Ad (re- stock on loan), in financials on the top bar but make sure its up to date.

By the way brokers D Stewart obviously going to update on monday with there new up to date view, watch out for it.

that should be a laugh in itself!!

daniel stewart sp is now just 4.38p.....i think they should be concentrating on their own business before it goes down the pan.....its at lowest ever now.....i think it was 29p just 2 years ago.....but i suppose their analysts cant research info or give poor advice, then people stop going to them.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/06/cctan106.xml

goldfinger - they stopped showing the 'on loan' data a couple of weeks ago!