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

good figures are always easier to publish! ...... cannot believe it is bad news

.

Guests meet the UpRight Girls..

65 other photos from their Atlanta party are included in last week's UpRight Newsletter 33


(There is a later Newsletter Issue 34 but not nearly so interesting)

PS: We now know that Tanfield's Annual Results must emerge on one of nine trading days from March 20-23, 26-30

And the chosen date is.. Monday 26 March

Tanfield Group Plc. The Company has been informed that Deutsche Bank AG has an interest in 9,001,015 ordinary shares in the Company which represents approximately 3.08% of the issued share capital of the Company. Last six months news report can be viewed at www.shareclubuk.co.uk Smiths is very much a green company, with the right product in the right place at the right time.. 19th March Tanfield gives notice that it will issue its Preliminary Results for the year ending 31 December 2006 on 26 March 2007.

Days ahead of the Annual Results, Prudential plc has now upped its Tanfield holding to 37.8m shares - nearly 13% of the company. Upwards of twenty funds are now onboard, and own more than half the company between them.

took profits here a couple of weeks back, merely to reduce general exposure ...... chart below shows just 25 and 50 dma as 200 dma has been left far behind ..... trading volume seems to have fallen away recently, but that could be argued as no bad thing - i.e. a zillion lemmings not leaping aboard just before the figures (due week today = 26th)

having seen a very tasty 8% clear profit overnight, have decided to take it ..... i still think the company is first class, but just feel that many of these "green" companies have shot up too far and too fast today ..... am certain that i shall be back in here in due course

Decent spread on this: TAN Bid: 100p Offer: 101.5p Change: 8

This one is doing well. Pity I didn't get on board at 45p when I was thinking about it!

The story still looks good. I was particularly interested by what one recent RNS said about the M&S order of Newton vehicles, i.e. that the retailer is buying the vehicles in order to meet carbon footprint targets. There could be a lot more of that sort of byying to come in the near future (makes my AXE holding look safe, too, but PDYOR).

Might watch and buy on a dip. Good luck to any holders out there.

thoroughly agree .... arguably took my profit too soon as sp has poppd up another 3p since i dealt, but a decent profit is a decent profit especially over such a short timescale

Tan growth rate for its last 3/12 is at over 900% pa.

Gee.

It looks like alot of investors missed the boat on this one early on due to the lack of posts on Tanfield considering it was one of the success stories on 2006 and most possibly 2007 the way things are going. I would love to hear some positive news on monday re: TNT pilot for Smith 7.5 tonner!

Annual Results due Monday morning.
Contract news? Fundraising share issue? US factory go-ahead? Vehicle launch?
Sure to be something.

Highlights:

Turnover increased to 40.9m, from 22.4m
Significant growth in profit
Robust balance sheet; 44m net assets
Built & delivered world's first high performance 7.5t electric truck
Confirmed orders for new range of electric vehicles
Fully integrated UpRight acquisition
Strengthened global distribution network
Continued significant growth in order book
Substantially increased levels of enquiry
Significant working capital to fund strong growth in 2007

Not much more to say.

TAN is undoubtedly a damn good compnay, but suspect sp will fall or at best consolidate for a while ..... imo, it has got rather heavily ahead of itself

Update from DS this morning :

"Preliminary Figures - So far so good - Downgraded to HOLD from BUY

As anticipated, preliminary figures show significant growth in sales and profit with the acquisition of UpRight Powered Access making a rewarding contribution and undergoing a transformation under Tanfield. Sales rose from 22.4 to 41m, just slightly below our estimate and after re-structuring costs of 1.9m, pbt rose from 2.1m to 3.6m. EPS were slightly below our expectation at an adjusted 1.6p (est. 2.6p)

All manufacturing in the UK is now on one site in Tyne & Wear and UpRight's business is being transformed by increasing order enquiries and intake
The SEV division is launching and developing a new generation of vehicles to meet the interest shown by potentially large clients such as M&S, DHL and TNT.
This will build upon the success achieved by older vehicles such as the Faraday.

The two key brands provide a solid platform for potential to be transformed into reality for Tanfield but, whilst there is scope for upgrades to our current forecasts, we reduce from BUY to HOLD against a target price which is 21x our expectation for the current year.

After the stellar rise, the shares may well tread water for a while until the company's progress in the US becomes more visible. "

You had to scroll quite a long way down the announcement to get the EPS figures (which is always a little unnerving !!).

As the above posts suggest - a quality Company but perhaps a little expensive at the moment.

In

DS were recently sacked as house broker - but I don't disagree with their verdict. Fortunately there is some very nice news lined up for the CV Show next month, and the US factory start still to come sometime, so some positive newsflow ahead. Share price is a lot more stable than might have been expected this morning.

Do your homework and you'll see why DS are no longer the housebroker & it's nothing to do with their very fair summation of the progress made by Tanfield to date & their switch to HOLD from BUY ... clue, look to the shareholders of their new broker.

Hi mattjos - yes i know of the St Helens connection. I wasn't suggesting that DS's latest assessment has anything to do with their (previous) departure. They are still on good terms with the company. But several sources today still describe them as house broker.

I don't know to what degree the price might sag this week and next, but by this time next month we will have seen some useful news coverage appearing ;o)