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

The Times, 12 January 2007


Tanfield

With the exception of a scaled-back LDV, Britain may appear to have lost its status as a maker of light trucks and vans. But that would be to ignore Tanfield, a low-profile assembler of electric vehicles based in County Durham, which proved one of AIMs best performers last year. The shares trebled in the space of eight months as a series of contracts for its Smith Electric Vehicles (SEV) division which supplies milk floats to Dairy Crest and 7.5 tonne trucks to TNT provided evidence that Tanfield is well placed to capture a slug of what is expected to be a massive market: that of developing zero-emission vans for short-haul urban deliveries.

But while Tanfields shares may have factored in a lot of hope, and a fair degree of environmental goodwill, yesterdays trading update also confirmed that the company is on track to meet profit forecasts. So far, the bulk of Tanfields sales have come from its powered access division, which makes scissor lifts and other aerial platforms. That business received a major fillip from last years acquisition of UpRight, the third biggest player in the US, where a recapitalisation under its new owners was followed by a swift rise in orders.

How soon SEV turns record levels of sales inquiries into meaningful revenues is harder to gauge. But high fuel prices, urban congestion charges from which its vehicles are exempt and their lower rate of depreciation all play into its hands. At 59p, the shares sit at 12.1 times 2007 forecasts, a perplexing discount to the engineering sectors 15 times. They have further to go.

Local press:
http://icnewcastle.icnetwork.co.uk/0500business/businessnews/tm_method=full%26objectid=18454172%26siteid=50081-name_page.html

Breaking out ... no real resistance before 100p.

A plug for Tanfield among the comments section here yesterday on this US site:

www.greencarcongress.com/2007/01/port_of_la_and_.html#comments

(scroll to the the Jan 13 message timestamped 2:32pm )(timestamp refers to message above it not below it)

Incidentally - for anyone into following progress in the world of greener transport, that newsfeed is well worth bookmarking www.greencarcongress.com
(Note: site is closed for the moment - try later)

See "Shares" perspective on the Traders Thread newspaper roundup today........

not sure who (other than Greystone) suggested getting into these ...... but whoever it was, thank you very much .... did no this morning and already showing 8/10% rise on that price ..... long may it hold or even improve

I have just invested in some more shares in TAN... follow the story at www.shareclubuk.co.uk my own felling about the S.P. is that 80p is not that far away..

Some funds that have Tanfield in their top ten holdings (pointed out by SweeneyTodd elsewhere this morning)

New Star UK special Situations top holding 2.8%.
Premier UK Smaller 5.2% top holding.
Jupiter Special Situations 3.35% second largest holding after BP.
Rathbone Special Situations 2.7% second largest holding.
Rathbone Smaller companies 1.76% seventh largest holding.

a little snip from today's FT ...... "Tanfield (speculation it is close to announcing US contracts)" ...... would be good to read the whole if there is much more, but don't have the link

Hi cynic - the FT reference is just a single line among a summary of stock movements:

"..Tanfield advanced 10.9 per cent to 68p amid speculation that the company, which makes zero-emission vehicles, was close to announcing US contracts.."


Tanfield is scheduled to do an Investor Roadshow in New York next Monday/Tuesday, and its Upright division is taking part in the world's biggest equipment rental trade show in Atlanta 2 weeks later. So it could be that a contracts announcement might be timed to coincide?

thanks Juzzle ...... short odds bet re contracts announcement i would guess

Tanfield enters 'significant' production supply deal with Enova Systems in US


LONDON (AFX) - Tanfield Group PLC said its trading division Smith Electric
Vehicles has entered into a "significant" production supply agreement with Enova
Systems Inc, a developer of proprietary electric, hybrid and fuel cell digital
power management systems.
Tanfield chief executive Darren Kell said Tanfield is developing a
US-version of the world's first zero-emmission truck, the Smith Newton, ahead of
schedule so it can fully exploit growing demand for zero emission vehicles in
North America.
"Tanfield is already in negotiations with a US-based global consumer brand,
along with several global logistics operators, over the supply of Newton
vehicles into their North American urban delivery fleets," Kell said in a
statement.

Timed beautifully to coincide with a Tanfield investors roadshow taking place today and tomorrow in New York.

A company from over here getting noticed over there?

Story picked up nicely by Green Car Congress over there

Tanfield to Launch Electric Vehicle for North America; the best news of the day.

TAN tipped in Money Week today. Weekend 20th January 07.

Tanfield Group makes its debut appearance in this weeks top 10, featuring as one of our clients; most popular buys. The company has seen its shares rise steadily; they are now over 200% up on the last year, at 64.00p. Tanfield the electric-powered vehicle maker recently announced that it has secured its largest fleet order to date with a contract for more than 160 machines with a value of euro;3.5m. Also Tanfield's specialist vehicles division, Smith Electric Vehicles, is on course to launch various new zero emission commercial vehicles in 2007.

Top 10 Buys
1 BP
2 HSBC Holdings
3 Partygaming
4 BHP Billiton
5 Tanfield Group
6 Henderson Morley
7 DSG International
8 Lloyds TSB
9 Burren Energy
10 Xstrata

Best way to start the week is to note that TANs S.P. has moved up by 1.50p sorry 2.50p sorry 3.00p I cant keep up with it I brought in at 0.1540 then 0.2739 and a top up at 0.6595 any input to how far this baby is going.

Next week (Wednesday) is the start of the world's biggest Equipment Rental show, in Atlanta, Georgia. Tanfield has chosen that date to relaunch its UPRIGHT brand in the US, where it used to have a following but lost its way under previous ownership. It might be worth being in possession of stock when UK markets close next Tuesday.

www.upright.com

EVENTS detail

from experience of these trade shows, very little extra biz is generated there ..... it is much more a case of meeting up with existing clients and if lucky, making some useful new leads .... and of course having a good knees up, especially in a city like Atlanta.

Wouldn't be suprised to see an announcment or two on lead up to results in March. Allways a good sign rather than announcing with results.

Could then get some updated broker forecasts for this / next year.

cynic - I agree ;o)

Sounds like Tanfield's UpRight knees-up is a no-expense spared one. Raffle prize value stated as $73,000

http://www.constructionequipment.com/article/CA6403023.html?industryid=23392