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

tipton the Buy-Sell is an ancient Art - no-one knows what it means - only when the ratio is 10:1 does it mean anything...yet the real interest is the price- as it moves during the day.


I thought the 200 unsold stock was cherry-pickers, not electric vehicles...which is fairly bouyant, although a small part of TAN's projections, it could be the driver of New-TAN*'s fortunes.

It was 80% industrial lifts
and 20% vehicles.

I suspect we can cut the (access)80% to about a quarter of projected figures -and- ( e-vehicles) to about a tenth. ( that's half projection)...making New-Tanfiled about 20% of the hype. Sure that's a big jump - but let's be realistic, not all those Orders were going to happen . . . . and we don't need the extra materials, so a few savings there.

*New-TAN - i.e. as of 6-July market close, has changed everything...
1) RS must go
2) along with St Helen's - - - and I hope the FSA and SFO have a field day with them. Some change is necessary and I suspect Shareholders would be the ones to do it - probably for free.
3) Applegarth must not be allowed into their car-park

The Government needs to change Corporate Governence...more like that in Australia . . . following their implosion some years ago.
That would be a good legacy for GB to leave....something that would benefit UK plc for many years to come.

On the basis that New-TAN can still serve their customers, their sp is probably right somewhere about 20p with dividends some way away. The company must face their customers and satisfy them that New-TAN can deliver, along with spares, etc. This sort of blood-letting is easily mis-handled.

To reach 3x (the current sp) will need some hard-evidence of prospects. Removing the bosses will go some way towards this and the sooner the better. Let's hope it's before the AGM. This should be re-scheduled and arranged in London, with a DVD showing current production in the factories. It won't be the end, but should signal a new beginning. I expect the recovery time-scale to be 3-6 months.... but this is partly tied to the General Market woes and in particular the housing and warehousing where these Cherry-pickers are used. That is why I've cut the "access" annual production by so much in 's.

DYOR

Goldfinger . . .arrgh . . . . just how bad can CEO's get?

Collars and Felt spring to mind.

Tipton, I think the consensus is this stock is on the rise, but we've not had the PWC Auditor's report and their fees! ( See above Post earlier ).

hangon many thanks.

Going down again.

.. and out if they aint careful

Hangon, ceos.....

after reading that telegraph article not much worse I wouldnt have thought, mind ive got an online pal who swears by stanley.

Rally short lived on tan.

What we need now is the auditors report from the new guys.

Gone long at mere 25 per point no stop loss, so not much risk if it goes tits up! Telegraph certainly did some thorough research, Stanley certainly has a bit of history of company blow ups but then that's normal for entrepreneurs! My missus is a secondary teacher and I wouldn't buy shares in any company she was running but Tanfield does surely have more potential than most and seems oversold we shall see...

Same gone long 100 a point - can handle 560 loss, but if recovery in coming months, upside can be far greater...

Stanley purchased 500,000 today. (2 purchases)

Mind thats a drop in the ocean compared to the 14 million he took out last summer.

Confidence building exercise anyone?.

Where on earth do people get the idea that this is going to go bust like tomorrow...total rubbish.....really....you would think that people would think....or.... or perhaps not in the UK now, otherwise we would not have the muppet government we have now !, but anyway let's be fair : Tanfield has its problems but they are not insurmountable....look at Marks and Spencer...if they can survive the USA downturn and come through the other side without having to sell off everything then they will recover.....which brings me to the point : big director buying (see after hours RNS)...that can't be bad...!.

BT, I hope you don't suffer another loss, as I am riding on the same horse. 8-)

As much as I would like to day trade this, the huge spread and more importantly the independent auditors worry the hell out of me. If everything is OK then these are well undervalued which will be reflected when the SM recovers. However, if the auditors uncover problems (remember WNG!) then they will tank 50%.

Stanley buying doesn't sooth my worries. Worthington (WNG) if I remember correctly purchased loads of shares at around 112p and look what happened to them! I hope TAN survives and recovers but tis a gamble and as I hold too many dodgy shares, this is one I'm not prepared to take atm.

I think for the good of the Aim market Tan needs to recover because you could argue amongst PI's it took over from SEO as the flagship company. Unlike many other companies, I have never lost money on Tan so have no axe to grind. When I came back of hols I was genuinely shocked at the share price crash and it sort of loses your faith in the SM.

So here's hoping it recovers and good luck to those who hold.

that reminds me i need to get some sun cream

Mismagement is not the sole right of AIM Stock, but it might be more often. Carter was a large FTSE company and cost me a packet.

Likewise I lost on Carter and Carter as well!

Got back in @ 6.86p as a longer term recovery play earlier this morning...

this just released
LONDON (Thomson Financial) - Recently hard-hit Tanfield Group rebounded 1.24 pence to 6.89 pence following news that chairman Roy Stanley has snapped up 4.42 million shares at a price of 5.6 pence apiece. Sentiment was also underpinned by the disclosure that Goldman Sachs sits on 7.83 percent of the equity and Deutsche Bank 6.67 percent.

Now top sliced for a free ride, waiting for market to take the pee again to top up. If this dosn't happen then I wont lose any sleep as it dosn't really matter.

Chairman Roy Stanley GETS 4.42 million shares at 5.6 p LUCKY MAN.

not if they drop to 3p!!!! lol

RNS Number : 7312Y
Tanfield Group PLC
09 July 2008



Tanfield Group Plc (the 'Company')
Director / PDMR shareholding

The Company announces that it has been informed that on 9 July 2008, Darren Kell purchased 1,000,000 ordinary shares at 5.85p. Following this Mr. Kell holds a total of 1,000,000 ordinary shares, representing 0.3 per cent. of the Company's issued share capital.


5.85p! How did he manage that?!