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

Looks strange, financial info online is scarce & varies from site to site.

Can't trust the figures.

Stock down 8.33% today and falling, product range looks stale (e-comeleon)
cant see much justification to follow this one!!!!!!!!!!!!

..........agree to an extent but up 38% today, and only on a few k's worth of deals!

apple &mr mike
How strange, something is afoot here.watch the price movement over next few days,
if anyone knows anything please let us know.

Strange indeed. 72,000 traded volume today. 70,000 buys, 2,000 sells and yet the price drops off at the end of the day by -0.25p.

So much for the logic that if more buys than sells then price goes up and vice versa!

It sounds as though someone is trying to build a small stake and the mm,s pull the price back to get stock. Whats the cap & nms?.

According to info on digitallook.com. Market cap is 0.41M and NMS 5000 although i believe this to be out of date.

I agree with you about mm's pulling price back and stock building - how many times have we seen this happen before with other companies - evidently buys very much outweighing sells, the share price during the day is up or holding steady then at the end of the day, the price falls slightly. i.e MM's controlling the share price; something that i never have realy understood!

I wonder what next week will bring!

mike

anyone any idea why the share price rose 76% today? No sign of RNS's that i can see and nothing on their website.

30.4% UP today,

another one I missed.

Tanfield shares found favour with investors after the zero-emission vehicle company confirmed it had received a new order. The shares rose 0.75p to 26.25p. Tanfield said that its Smith Electric Vehicles (SEV) division had won a contract to maintain an additional 400 vehicles for Dairy Crest.

KD.

Tanfield certainly seems to be getting itself noticed lately. Nowadays a producer of low-emission electric commercial vehicles - being trialled by Sainsburys, TNT Parcels, and in several cities via a government-funded campaign to publicise the benefits and practicalities.

They also bought themselves a company producing mobile platform hoists, which is thriving now. New factory in the north-east scheduled to be up and running at the end of this month. And they've picked up a lot of profitable ongoing maintenance contracts on electrical forklifts, factory tug vehicles, airport vehicles. etc. A real turnaround story.

Half-year results are scheduled for Monday 25 Sept. Chart looking strong - surged 75% since statement in April.
Company website is at http://www.tanfieldgroup.co.uk

And mentioned in Shares mag today, so I'm told. Not seen it myself. Does it say anything new?

Results statement is well worth a read. Position going forward in all divisions looks impressively strong. The next set of figures look like reflecting major growth which is kicking in now. Plus they have the upcoming launch of a new van range at the big Courier & Despatch exhibition in Amsterdam a couple of weeks from now.

To meet expected growth in demand for electric van fleets, the new van range will utilise body shells bought in from mass producers, to which Tanfield will install the electric drivetrain.

Share price already climbed 10p ahead of these results, so some of the good news is already factored in. But it looks good for the coming year or two.

For more on that Amsterdam Exhibition see http://www.cpd-expo.com/

at which Tanfield's Sales Director Kevin Harkin (speaking 13:55 Tuesday 11 Oct) will be among the speakers at the associated conference (see schedule
http://www.cpd-expo.com/programme.htm )

Last weeks investors Chronicle listed the Tanfield Group as a Buy The Upright business will according to broker Daniel Stewarts contribute sales of 26.2m in its fist full year.. Smiths Tanfields electric-vehicles division has a very good order book with more to come.. Take a look at the report its well worth reading

...Smith Electric Vehicles, Europes largest commercial electric vehicle (EV) manufacturer. ..has just produced what it says is the worlds first 7.5-tonne electric vehicle for TNT Express UK which was unveiled by TNT CEO Peter Bakker at the Courier & Parcel Despatch Expo 2006 in Amsterdam last week.
Smith buys in a regular chassis cab (in this case an Avia 75) and 'electrifies it'. The Smith Newton has a payload of 4,300kg, a top speed of 100km/h (60mph in old money) and a range between battery charges of up to 230km (about 130 miles or so). ..it's exempt in the UK from O-Licence, tachograph, Congestion Charge, MoT etc etc and also qualifies for free Road Fund Licence.
And as EVs have a flat torque, Smith says it should leave a diesel-powered 7.5 tonner for dead at the traffic lights! Being zero emission it's also ideal for stop-start delivery work in city centres, where the diesel engine is at its most inefficient. Cost-wise, it'll set you back about twice what you would pay for a diesel equivalent. But, its manufacturer insists: "Youll more than make this back in whole life costs (based over 5 years), through fuel and maintenance savings (electric motors have 4 moving parts, compared to over 1,000 in the drive train of an internal combustion engine). And if you operate in Central London, the Congestion Charge exemption is worth an extra 8 a day on top of these savings."


Source: http://www.tnn.co.uk/BigLorryBlog/plonearticle.2006-10-20.0542067639

Rumour of the day
The Times October 21, 2006

Tanfield Group, the AIM-listed maker of hybrid electric vehicles, perked up p to 44p on murmurs that it will announce a substantial contract win next week, possibly from North America. The Co Durham-based company, whose shares have risen 144 per cent over the past six months, has won work from BAA, TNT and Dairy Crest through its Smith Electric Vehicles business.

I have just found out that Brendan Campbell has been appointed to the board of the Tanfield Group.. I understand that Brendan has been working at TAN for the last four years.. as a Director of TANs subsidiary Tanfield Engineering Systems Ltd.,

Headline news is that TAN has conditionally placed up to 20m shares at 40p through an institutional placing of new ordinary shares The company has called for an EGM for the 15 November to ask shareholders to give authority to allot up to 50,000,000 new ordinary shares in a placing expected to be 16 November 2006.

Orders for Powered Access continues to exceed expectations, with orders coming in at a rate of 1m or more per week. So the funds will be used to accelerate the growth in output of TANs Powered Access Division.. To oil the wheels even more the company is also arranging with its bankers an extended debt facilities of 9m..

Tan had to take the move to find more working capital.. find out all the newsflow at www.shareclubuk.co.uk the company has a full to over fllowing order book the powered access part of the company has more oders than they ever through they would get... the new funds for the placment together with the banks funds will oil the wheel's and give more power to their elbow..

another case of "convenient" placing rather than offer to shareholders although to be fair the price does show that the company are very well thought of....