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

Latest RNS suggests Deutshe Bank AG has sold 10 million shares in the past week?

not sure your timescale is correct, but perhaps they have been passing them on to Prudential who have increased their stake to 14%+

If you look at the RNS releases you will see that Deutshe reduced their shareholding from 9.95% on 21/11/07 to 7.23% on 28/11/07. Prudential notified TAN they held 14.59% on 8/11/07 up from 13.03% on26/10/07.

Halifax, my information corresponds with yours and cynic's. This may also correspond with the share price movement over the last weeks.
I bought TAN as a long-term hold (1 to 5 years for my SIPP expecting it to be volatile due to a relatively small capitalisation.

no resistance between 128p and 148p, this one has been a darling again the last two days... shorts closing and longs taking up...

Why Electric Cars Are Set to Accelerate

Tanfield's Smith EV website should carry a news update today or tomorrow, regarding US ev plans.

This should help the price a little.

Tanfield Group's Smith Electric Vehicles to build new plant in US
AFX


LONDON (Thomson Financial) - Smith Electric Vehicles, the producer of electric vans and trucks owned by Tanfield Group PLC, said it will establish a major production facility in the US with the capacity to produce up to 10,000 zero emission vehicles a year from 2010.

Smith Electric Vehicles, which already has a 70,000 sq ft facility in Fresno, California, with the capacity to produce 1,000 vehicles next year, said the new plant is needed to meet demand for its vehicles from mail and parcel companies, grocery and retail delivery groups and utilities.

'Ten thousand vehicles a year is a substantial commitment, but we believe that is just the start,' said Tanfield Group CEO Darren Kell. 'Our initial research shows that there is an addressable market in the USA of around 200,000 units a year for our commercial electric vehicles.'

The group said it is also looking for a larger base in UK, where it wants to increase capacity from 1,500 vehicles next year to 5,000 in the future.

Kell said the company had sounded out a number of local councils in the US about the siting of the new factory, which would need a 300-acre site and would create at least 500 jobs.

'The response has been extremely positive and we will be moving forward with an identified location in early 2008,' he said.

Reported earlier, and more fully than Tanfield's own website, at this site:

www.earthtoys.com/news.php?section=view&id=3503

www.earthtoys.com/news.php?section=view&id=3504

Both stories are well worth reading imo.

- and an image of the vehicle - the lhd 12ton Smith Newton

Thanks Juzzle - great pic!

The look of the future ?

looks as though it goes well down hill

I'm having to dry my eyes here, I'm laughing so much!

No need to bump start !

Smith launches world's largest electric truck in USA
THE world's leading manufacturer of commercial electric vehicles is launching its unique zero emission truck in the North American market.

The robust Smith Newton is the world's largest high performance electric truck, weighing in with a Gross Vehicle Weight (GVW) of over 24,000lbs. A rack of suitcase-sized, 278 volt batteries and a 120 kilowatt motor quickly propel the vehicle up to its top speed of 50mph. In fact, Newton can accelerate from 0-30mph faster than the equivalent diesel-powered truck.

Fully charged, the vehicle has a range of up to 150 miles, while the regenerative braking system returns power to the batteries every time the vehicle slows or stops.

Kevin Harkin, Sales Director for Smith Electric Vehicles, said: "Automotive manufacturers are telling us that the technology for mass-produced electric cars is some years away.

"But the larger sized commercial vehicle - and the truck in particular - is perfectly suited to electric technology that is available today.

"There are millions of commercial vehicles in North America that work in urban areas, within defined low mileage zones or routes. All of these machines, from light postal vehicles to heavier duty distribution trucks, can be replaced with our new technology electric vehicles.

"And these congested, densely populated urban areas are exactly where vehicles with zero tailpipe emissions can make the biggest improvement to air quality."

Newton is the first vehicle in its class that can compete with the diesel equivalent - but without the polluting effects of tailpipe emissions such as nitrogen oxide; particulate matter and CO2. The vehicle has a payload capacity of up to 15,800lbs and is available in US truck Classes 5 through 7.

Launched in early 2007 in Europe, the Smith Newton is already in fleets for household names such as Starbucks, DHL and TK Maxx, along with British institutions like the Royal Mail and retailer Marks & Spencer.

It is designed for urban, intra-city operations, including home shopping delivery; 3PL logistics; post and parcel distribution; and municipal duties.

"An added benefit for fleet operators is that drivers love this vehicle," said Kevin Harkin. "We take all the stress out of city truck driving - no gear changes, no noise, no cab rattle and no diesel smell."

Along with addressing the problem of vehicle emissions in cities, the Newton also proves highly cost effective when it comes to maintenance.

"Newton's electric motor has just four moving parts, compared to over one thousand in a modern diesel driveline," said Kevin Harkin. "The major components are solid state and will still be in operation years after the rest of the vehicle has outlived its usefulness."

Smith Electric Vehicles has a facility in Fresno, CA which will open next year to manufacture US-specific vehicles for North America. This will be followed by a larger factory capable of 10,000 vehicles a year, expected to open in 2010.
ENDS

latest encouraging trading update below ..... note the first order for 100 Smith's trucks .... a also wonder whether a weak $ is actually beneficial for TAN, albeit that they account in £


Tanfield Group PLC said its second-half trading has been in line with management expectations and that it is highly confident of further progress in 2008.

The company also said its Smith Electric Vehicles unit, which produces electric vans and trucks, has won a contract to manufacture 100 vehicles, which will be a mixture of the Newton truck and Edison van models.

Financial details were not disclosed.

Tanfield said it has increased capacity in line with its view of producing up to 30 vehicles a week.

in some ways, the chart is pretty ugly, but note that recxent lows seem to be forming a reasonable support level ...... would be interesting to see what Peter (PTH) has to say, but would not deter anyone from buying, though i am already o'weight here and might be a bit extravagant in buying more.

Here you go then Richard, a few observations:

1. The red line is the uptrend drawn from support found at 120p during the collapse from 205p. This failed to provide support recently confirming the downtrend from the all time high, incidentally this trend line also capped the recovery at 150p, coincidental with the 200MA.

2. The stock is frimly in a downtrend since late July, possibly in a channel encompassed between the two dotted blue trend lines, certainly the upper channel may well stall any recovery.

3. I have drawn a much shallower up trend, dashed blue, but this is rather historical and somewhat tenuous at best. Should the drift continue this may provide support.

4. 120p is proving to be quite important support and has been tested on numerous occasions, if this fails 80p could be a possibility.

5. The SP has made a lower high recently and if 120p supports once more, the next move must be above 150p otherwise the downtrend is accelerating. I wouldn't be surprised to see some range bound trading for the coming months.

All a bit of a fudge I'm afraid, but I certainly don't see any strong reason to go long or short, a bit in no-man's land at the moment, although if I was forced to come off the fence I would suggest there may be mileage on a long tack to 150p or thereabouts.

thanks Peter .... an intelligent assessment as always

will you be around at the end of May? .... if so, please be my guest at Wentworth for a jolly we always have over the PGA tournament