Tanfield Group plc (TAN), Electric vehicles.. Options

[profit-maker]

T anfield is a company that has the right product at the right time. Electric vehicles, High oil price and the clean Air lobby are helping this company to make a name for itself.

Tanfield Group plc, formerly Comeleon plc, are an AIM listed technical and assembly solutions business.

The Group operate through a number of subsidiaries, including express2automotive and HMH Group. In June 2005 Tanfield acquired Norquip Limited and Saxon Limited. Norquip is a supplier of highlifts to airport industry, whilst Saxon Limited produce specialist vehicles within the fire fighting and rescue vehicle sector.

Smith Electric Vehicles, supply the next-generation Faraday delivery vehicle, also traditional electric trucks and tow tractors.

[profit-maker]

Tanfield Group plc

("Tanfield" or "the Company")

Holding(s) in Company

The Company was on 14 August 2006 notified by Fidelity Investments that FMR
Corp. the parent holding company of Fidelity Management & Research Company holds
14,147,831 ordinary shares in the Company, representing 5.84 per cent. of the
issued share capital. The notifiable interests also comprise the notifiable
interest of Mr Edward C Johnson 3d a principal shareholder of FMR Corp.


Enquiries:

Roy Stanley, Chief Executive,
Tanfield Group plc Tel. 01207 521111

Ruari McGirr
Daniel Stewart & Co plc Tel. 020 7776 6550

This is just what I like to read… a large investor in the name of Fidelity Investments making a statement by holding 14,147,831 ordinary shares in TAN… the market has responded by trading up…I have posted this and other news on TAN at the www.shareclubuk website…

[profit-maker]

The Tanfield Group has given notification of Interim Results and Trading Update. The full details can be viewed at www.shareclubuk.co.uk It includes a strong update report on both UpRight Powered Access… and Smiths Electric Vehicles… Well worth taking time out to read…

Smith Electrical Vehicles will officially unveil Newton, a new technology
electric 7.5t delivery truck at the Courier and Parcel Despatch Expo 2006 in
Amsterdam in October. This is the first of two vehicles built for global parcel delivery and logistics company TNT.

This will be followed by the launch of Edison, a new zero emission van.

[fleeced]

Full year results coming in next Monday. These are going to be good, currently trading on a P/E of 12 with huge growth 60% + in profits. Get in before the results.

[profit-maker]

Hi Fleeced..

A very good report on Tanfield in Shares larst week, well worth reading…

“As a result of its £44.5 million acquisition of SEV in 2004, Tanfield is Europe’s largest maker of electric vehicles. Environmental pressures and congestion charge schemes are driving demand. The new Edison and Newton models should build on the success of the Faraday.. The stock is still cheap and earning forecast could rise.�


This is one set of results that I have been waiting for.. In the light of what has been happening with the company over this last period.. The move to the new head-office.. With the much larger assembly facility etc.. the acquisition of Upright etc., then the company has moved forward at a fair pace.. my own feeling is that the company will be building strongly on its line for good growth in the next period…

Results out for the Tanfield Group… are well worth reading.. Smith Electric
Vehicles will become the lead brand for the company Zero Emission division… As Smiths had the highest growth area in the Zero Emission Vehicle division, where turnover for the six months was £8.8m. The full year in 1995 was £9.6m…

The lead brand for the powered access division of the company will be UpRight Powered Access.. I note that the turnover in this division was £3.1m in the period.. Against full year figure in 2005 of £4.4m.

Financial show turnover increased by almost 60% against H1 2005, with significant pre-tax profit increase against H1 2005. Net current assets quadrupled against year end 2005. High organic growth in both key divisions
Net assets doubled against year end 2005. Gross profit margin maintained

Look out for more good news from the company on the Smiths div.. As throughout the first six months of the year the company delivered vehicles to the airport, delivery and waste collection sectors, plus the public sector. Fleet operators such as Sainsbury's, TNT, and Enterprise plc, all of whom recognise the efficacy and compelling financial case for the use of zero emission vehicles within a closed urban environment.

For the true followers of TAN it has been a long haul…I will hang in and hold onto my Investment.. Will you..? Any one out there who would like to comment on the next six months trading…?

[profit-maker]

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

[profit-maker]

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 TAN’s 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 TAN’s Powered Access Division.. To oil the wheel’s even more the company is also arranging with its bankers an extended debt facilities of £9m..

To find out the news-flow for the last six months visit www.shareclubuk.co.uk TAN had to go to the maket and its bankers to find extra funds.. as the order book was oing up by more than £1m per week.. their products are first class... the extra input of funds will take the company forward to the next stage... One compnay to follow...

[profit-maker]

On Monday last week the total number of shares traded for TAN was 20,840,61... Among others Fidelity traded their position down to 7,058,261 shares to a holding of 2.92 per cent of the issued ordinary shares in the company… Now that Fidelity’s trade is out of the way and once the £20 million share placement and allot of 50,000,000 new shares have taken place… then to my mind we should see the return of the upward trend of the SP…

Well I’m not the only one who has TAN in there vision … last weeks shares report is very upbeat… ‘David Buxton, an analyst at house broker Daniel Stewart has upgraded his 2007 pre-tax profit forecast by 53% to £13.9 million on news of the expansion plans and his 55p price target suggests the shares could keep rising in spite of having already romped from 20p barely a year ago.’

Getting in on the act.. To top all the news on tan this last week… Investors Chronicle have listed a strong report on TAN… this indeed backs up what everyone is saying about the company..

Meanwhile over at shareclubuk the OAP's web site...TAN is the number one stock showing a large profit to date... I know that David Buxton noted above that 55p was his forcast... can any one out there give a good reason why the price shold go above 55p.. ? my own felling is that with first class sales and extra funds to work the orders out 60p plus would be the order of the day...

[profit-maker]

Michael our 70 year old was jumping up and down this morning at our shareclubuk coffee meeting.. All because of the positive news from TAN … the placement of 50,000,000 has raised £20 million, that’s before any expenses have been taken out.. Never the less the extra funds will help to keep up the despatch of the £1m plus orders that are being booked in each week…

TAN is the best investment on the clubs books showing a 127% gain on investment of 2,148.41.

[profit-maker]

Tanfield (TAN) have two of the best divisions within their group.. That’s just what I was talking about at our shareclubuk coffee meeting this morning..

The Smiths Electric Vehicles, division is both the world’s oldest electric vehicle manufacturer and the world’s largest producer of road-going commercial electric vehicles..

The other division is Powered Access.. that encompass the operations of Aerial Access, along with Upright Powered Access, The lead brand will be Upright.. The two divisions are driving forward with strong orders book-in.. UpRight Powered Access has a new website, www.upright.com.

David Buxton, an analyst at house broker Daniel Stewart has upgraded his 2007 pre-tax profit forecast by 53% to £13.9 million, his 55p price target suggests the shares could keep rising in spite of having already romped from 20p barely a year ago.

[Saucepan]

I have made this my "share of the year" in Eyecatcher's competition, and it is one of my five picks in the "Fourth Annual Share Competion".

Some background data as posted on the former:

The fundamentals tell much of the story: i.e. strong actual and projected growth, with a Rolling PEG-1 of just 0.16: surely creating potential for a substantial re-rating there.

Market Capital: £159.9 million

Profit (£m)
2003 -6.99
2004 -5.87
2005 2.04
2006 (F) 5.5
2007 (F) 14.10

Turnover (£m)
2003 2.85
2004 11.77
2005 22.82

EPS (p)
2003 -22.03
2004 -6.29
2005 0.21
2006 (F) 2.35
2007 (F) 4.81

TAN is an electric vehicle supplier: a niche product in a market that is likely to be taken ever more seriously, reference global warming, emission targets, etc.

Tanfield’s electric delivery vehicles are currently on trial with logistics company TNT. A UK roll-out is on the cards, and there are international expansion possibilities.

Investors Chronicle recently covered TAN and pointed out that “the real driver in the short term will be the powered access business, which was bolstered by the acquisition of Upright earlier this year�.



However, the main reason for posting just now is to share a great piece of press information found on the ADVFN thread this morning, thanks to "FromtheBlue":

Reportedly from today's 'Northern Echo':

TNT deal could lead to jobs explosion at Tanfield Group
UP to 400 jobs could be created in the region by The Tanfield Group if a newly-won UK contract to supply zero-emission vehicles is extended across Europe.

Earlier this month, Tanfield announced its Smith Electric Vehicles division had agreed a deal with parcel delivery company TNT to supply two of its Newton vehicles for trial, with a view to ordering 400 more for use in the UK.

The deal, over two years, would be worth about £24m.

Only days later, Peter Bakker, TNT's global chief executive, has ordered an immediate feasibility study to establish how many of the 7.5-tonne vehicles the company could use in Europe.

Last night, a Tanfield spokesman told The Northern Echo that the subsequent order for vehicles could lead to the creation of between 200 and 400 jobs in the North-East.

Although it is unknown how many extra vehicles TNT might order, it is thought to be several hundred.

A Tanfield spokesman, said: "Groupwide, we would be talking about the creation of between 200 and 400 jobs, the vast majority of which would be in this region.

"It is still early days when talking about how many vehicles will be ordered, and depends on the findings of the feasibility study."

A potential deal would be on top of Aim-listed Tanfield's predictions that its turnover will grow to nearly £100m by the end of next year, and its planned creation of 400 jobs within the next three years.

The results of TNT's study are expected next month, and it is believed that Newton vehicles could be on the streets of Amsterdam, Paris and Milan shortly afterwards.

The development marks the latest success for the Smith division, which agreed a deal earlier this year with Enova, in California, to supply 120kw electric systems to power its zero-emission vehicles.

Smith, the world's largest road-going commercial electric vehicle maker, is based at Tanfield's 250,000sq ft factory in Washington, Wearside.

Darren Kell, chief executive of The Tanfield Group, said: "This is a really significant development for us.

"The global chief executive of one of the biggest delivery companies in the world has taken a personal interest in our vehicle.

"Developing vehicles for Europe has always been part of the strategy for Smith and we are delighted that TNT is leading the way as our first customer."

[Saucepan]

Posted by M.T. Glass on ADVFN:

AUTHOR: David Miles
motortorque
PUBLISHED: 27/12/2006



Only two weeks after launching a revolutionary zero emission vehicle in London, Europe’s leading business-to-business express delivery operator is evaluating proposals to deploy the pollution-free lorry in other major cities across the continent.

TNT Express, in partnership with Smith Electric Vehicles, unveiled the world’s largest high performance, zero emission electric vehicle earlier this month, and now the company is conducting a feasibility study to assess the viability of introducing the 7.5 tonne battery driven lorry into other European capitals.

The ‘Newton’ truck, designed and built by Smith Electric Vehicles – is the first ever in its class that can compete with its diesel equivalent – but without the polluting effects of ‘controlled’ (i.e. nitrogen oxide and particulate matter) and CO2 emissions. It is also virtually silent causing negligible noise pollution.

Peter Bakker, TNT NV Chief Executive Officer, said: “We’re committed to significantly reducing controlled and CO2 emissions from the TNT fleet, not just in the UK but across mainland Europe. We are looking at the viability of introducing these ground-breaking zero emissions vehicles in other major European cities – a move that will further consolidate our position at the top of the ‘green league’ in the transportation sector.�

Representatives from TNT, vehicle manufacturers Smith Electric Vehicles and leading international environmental and engineering consultants DHV are presently assessing the economic and environmental case for escalating the use of the ‘green’ vehicle. TNT is already considering buying 200 of the Newton trucks for its fleet, subject to a successful pilot scheme currently running in London.

The zero emissions vehicle is exempt from the London congestion charge - approximately £1,750 a year - incurs no road tax and is battery-driven. It costs just £25 a week to recharge the battery as opposed to £110 spent on fuel for a diesel vehicle. Darren Kell, Chief Executive of the AIM-listed Tanfield Group Plc, which owns Smith Electric Vehicles, said: “Our vehicles make both economic and environmental sense for urban use.

“By committing to our electric vehicles, TNT is not only improving the environment but giving itself a commercial edge over every other fleet operator in the world.�

Nigel Barton Director of Operations for TNT Express Services UK & Ireland, added: “Our intention is to significantly reduce our carbon footprint and ensure that we are the cleanest and greenest company in the express delivery market. It’s satisfying to know that the UK is leading the world in environmental innovation and change – we’re the first company to take on a vehicle of this kind and London was the first city to trial it. It also makes economic sense since the vehicle should be cost beneficial or, at the very least, cost neutral compared to a diesel equivalent.�

The Smith Newton vehicle – designed and manufactured in the UK - is powered by four large ‘Zebra’ 278v batteries positioned on the underside of the truck that can propel the vehicle up to the legal limits for trucks in this class e.g. 56 mph. Fully charged, the vehicle has a range of 130 miles. It can be re-charged on board or through domestic mains or a standard three-phase socket in a matter of hours.

As well as being zero emission, the Newton’s body panels are built from an ultra light, state-of-the-art fully recyclable composite material manufactured by Omnia. This substantially reduces body weight and increases the vehicle’s payload capacity.

TNT has well established ‘green’ credentials having recorded an overall rating of 84 out of a possible 100, on the Dow Jones Sustainability Index, the highest recorded score in the Industrial Transportation category in 2006. TNT in the UK also derives 15% of all its electricity requirements from renewable sources.

The initiative already has the backing from the Government. Ian Pearson MP, Minister for Climate Change and the Environment, said: “I welcome TNT’s commitment to reducing their carbon footprint and this initiative to begin moving away from carbon intensive transport. It is an interesting new development in alternatively fuelled transport for the express delivery and road-haulage industry.

“The road transport sector is a major contributor to the UK’s carbon emissions and I would encourage other manufacturers to look at alternative technologies to fossil fuels in order for the road transport sector to reduce its carbon footprint.�

Smith Electric Vehicles is the world’s largest manufacturer of road-going commercial electric vehicles.

Based in North East England, it is the market leader in new technology electric vans and trucks, manufacturing a full range of commercial battery-powered vehicles, from minibuses and vans through to large goods vehicles.

Kevin Harkin, Sales Director for Smith Electric Vehicles, said: “Diesel trucks emit several times their own body weight in CO2 each year. Our vehicles offer a cost effective alternative that removes 100% of tailpipe emissions where it matters most – our city centres.�


http://www.askaprice.com/torque-article.as...7&item=2495

I particularly liked:

"Representatives from TNT, vehicle manufacturers Smith Electric Vehicles and leading international environmental and engineering consultants DHV are presently assessing the economic and environmental case for ESCALATING the use of the ‘green’ vehicle."

“By committing to our electric vehicles, TNT is not only improving the environment but giving itself a commercial edge over every other fleet operator in the world.�

The latter can be turned on its head with the following implications:

Every other fleet operator in the world is not going to take such a commercial advantage lying down! How many other such operators will soon be queueing at TAN's door!?

The growth prospects seem sensational, and all the more remarkable considering that TAN currently trades on a Rolling PEG-1 of 0.21

[Saucepan]

As posted on today's daily trading thread:

An absolutely fantastic (IMHO) 'trading update' RNS from Tanfield (TAN) today:

http://www.investegate.co.uk/Article.aspx?...01110700433383P

I shall be most surprised if this does not have a significant effect on the share price, which already seems beautifully set up for a breakout:



And if the above was not enough, I have just discovered the following on ADVFN:

Stegrego - 11 Jan'07 - 07:42 - 641 of 642

TAN is this weeks Play of the Week in Shares Mag.....

'Tanfield’s eco-friendly electric vans
are hitting the streets and sending
the shares soaring. Fantastic growth
hopes and the stock is cheap.'

Rolling PEG-1 just 0.23.

The RNS itself for information:

Trading update


The Directors of Tanfield are pleased to report on developments in the latter
part of the financial year ending 31 December 2006 and confirm that they remain
comfortable with market estimates for the year just completed.

Significant highlights of this period include:

Powered Access Division
Tanfield's aerial work platform division, UpRight Powered Access, has
successfully completed its transition to the Group's new UK production facility,
Vigo Centre.

Vigo Centre is now fully operational, with the total transfer of UpRight machine
assembly from the former UpRight factory in Dublin, Ireland, delivered on
schedule.

For the first time last week, Vigo Centre achieved production output of more
than 50 UpRight machines. The Directors now expect to achieve consistent output
of 100 units per week by the end of February - well in advance of the original
target date. 100 units per week will mark the successful completion of Phase Two
of the production plan, with further incremental increases in machine output to
follow during 2007.

The order book remains buoyant, including another fleet order last week for 120
UpRight Powered Access machines, in excess of 1 million Euros, for a client in
Scandinavia.

The Group has already re-introduced manufacture of key strategic product lines
at its facility in Fresno, California and will officially re-launch the UpRight
brand in North America at The Rental Show in February.

Specialist Vehicles Division
The Smith Newton, the world's first high-performance 7.5 tonne electric truck,
has been extremely well received since its launch in December 2006.

Smith Electric Vehicles has trials of Newton underway with both business-to-
business delivery company TNT Express UK and contract logistics operator Ceva
Logistics. TNT Express UK has already committed to purchasing up to 200 Newtons
over the next two years, subject to the results of the trial. TNT NV is
presently carrying out a far-reaching feasibility study to assess the economic
viability of deploying Newton in other major European urban centres.

Interest in Newton from major fleet operators remains extremely high and the
Group is in negotiations with a significant number of major companies over
similar trials.

Smith Electric Vehicles remains on course to launch several new zero emission
commercial vehicles in 2007, including variations on the Newton chassis, plus
the Smith Edison all-electric van.
Darren Kell, Chief Executive of The Tanfield Group Plc, said: 'UpRight Powered
Access production is now fully transitioned and de-risked.

'We are ahead of schedule to further significantly ramp up volume output of
UpRight Powered Access products. In addition, the global appetite for UpRight
products continues to grow across Europe, the Middle East and Asia-Pacific
territories.

'The take-up in these markets has surpassed our initial expectations and
reinforces our view on the worldwide level of brand loyalty for UpRight
products. We anticipate the re-launch of UpRight in North America next month
will elicit a similarly strong response.

'Enquiry levels for Smith Electric Vehicles are at an all-time high, following
the successful launch of the Smith Newton.

'Newton reinforces our position as the world leader in road-going commercial
electric vehicles and provides us with an excellent platform to further develop
sales, in both the UK and Europe.'

This post has been edited by Saucepan: Jan 11 2007, 07:58

[profit-maker]

Hi Saucepan... keep up the good work TAN is indeed a first class company.
Follow the news flow at www.shareclubuk.co.uk Yesterday was the best day's share trading for the company open price 61.50p close 69.00p with a lot more to come...

[Saucepan]

A copy of a post I have just made on the ADVFN, TAN thread, for information:
===
MT Glass:

I was intrigued by your post 994: "what about the Sainsburys trial"? and your link: http://www.motorinsurance.co.uk/news/1771.html

I have been doing a bit of digging to try to establish what the company has been saying.

I don't think it was a trial; rather firm orders.

This is what the company itself says on the electric vehicles front in various trading statements. [I add my own comments/observations in capitals]

17 July Trading Statement:

The level of interest in Smith's next generation electric vehicles remains high
and the order book is growing. Smith is continuing to adapt its zero emission
technology to produce more road-going commercial vehicles. Smith Electric
Vehicles officially launched its Faraday chilled food distribution vehicle for
Sainsbury's Online, at the Commercial Vehicle Show 2006. This is the biggest
industry event of the year and the vehicle was well received. The Faraday has
been ordered by a range of operators including BAA, Enterprise plc, Co-operative Society and is proving popular in the traditional Dairy sector. [POSSIBLY FURTHER ORDERS TO COME FROM THESE PLEASED CLIENTS SOON THEN?] Smith is developing Newton, the first 7.5t goods vehicle in the world to incorporate zero emission battery technology. The first Newton vehicles will be deployed in London by TNT Express in September 2006. This vehicle has experienced a high level of demand from home delivery operators. [FIRST INDICATION OF THE INTEREST OF MANY OTHER POTENTIAL CLIENTS] Smith has also launched Edison, a smaller electric vehicle with a 3500kg payload to compete in the conventional van market. [EDISON: ANOTHER MODEL WITH NEWS TO WATCH OUT FOR]. This has been ordered by several parcel delivery companies. [I DON'T THINK WE HAVE HAD FURTHER DETAILS YET!]

25 September Interims:

Zero Emission Specialist Vehicles

I am pleased to report continued growth in both the order book for this division and indeed greater market awareness and demand. The market drivers for the adoption of these products are stronger than ever. [VERY ENCOURAGING]

This, allied to a further rise in oil pricing and the implementation of further
congestion and pollution charging, is creating significant interest in the
division's product portfolio.

Throughout the first six months of the year we have delivered vehicles to the
airport, delivery and waste collection sectors, plus the public sector. These
vehicles are all based on our Faraday platform, which has proved tremendously
successful and has been well received by the end users. [AGAIN WE HAVE NO DETAILS, BUT IF THESE CUSTOMERS HAVE BEEN IMPRESSED WITH THEIR INITIAL ORDERS, THERE COULD SOON BE MUCH MORE EXCITING NEWS FLOW TO COME]

Engineering and project work is progressing well on the complimentary products
to Faraday, namely Edison our 3.5t electric van platform and Newton our 7.5t
electric truck.

These products will utilise the Faraday drive line technology but be packaged
into body shells sourced from the volume commercial vehicle sector. The first
products from this new generation of vehicles will be delivered to TNT Express
and TNT Logistics and will be launched in October 2006.

The adoption of these 'donor' vehicle products, with the efficient integration
methods we have developed, will allow us to considerably increase the build
rate, in order to satisfy market demand.

The natural environment for an electric vehicle is one where the vehicle starts
and ends its day at a depot location where it can be re-charged; and where it
does less than 120 miles per day, often with a multitude of start-stops for
deliveries.

Internet shopping and grocery delivery companies; food distribution; parcel,
mail and logistics companies; and waste collection and recycling companies all
operate significant fleets that fall within these parameters. [DEMONSTRATING THE MAGNITUDE OF WHAT IS AT POTENTIALLY AT STAKE HERE]

We have received orders from or are in negotiations with most of the major fleet operators such as Sainsbury's, TNT, and Enterprise plc, all of whom recognise the efficacy and compelling financial case for the use of zero emission vehicles within a closed urban environment.

5 December Trading Update:

TNT today launches its trial of the first two Newton vehicles
from Smith Electric Vehicles. Both will be deployed in and around London.

Newton is the world's first high performance 7.5 tonne electric, zero
emission vehicle.

TNT Logistics will use one Newton as part of its contract with coffee retailer
Starbucks, based at a depot in Basildon, Essex. TNT Express Services UK &
Ireland will use the other Newton for business-to-business parcel delivery, on a route into central London from Barking.

TNT Express has indicated that, following a successful limited trial period, its requirement for a UK rollout would be at least 200 Smith vehicles and that it will examine significant further deployment opportunities for its overseas
operations.

TNT Logistics will similarly further examine its requirements for Smith
vehicles, following the trial.

. . . Tom Bell, Managing Director of TNT Express Services UK & Ireland, said: 'This is a huge step forward for our fleet in London. Not only is this one of the most environmentally friendly vehicles on the market, there are also potential significant cost savings in the long-term.

'If we extended this to 10 per cent of our fleet in urban locations, the cost
savings to the company would run into millions of pounds.' [QUITE FRANKLY - STAGGERING!]

11 January Trading Statement:
Specialist Vehicles Division
The Smith Newton, the world's first high-performance 7.5 tonne electric truck,
has been extremely well received since its launch in December 2006.

Smith Electric Vehicles has trials of Newton underway with both business-to-
business delivery company TNT Express UK and contract logistics operator Ceva
Logistics. [NEWS ON CEVA TRIALS COULD BE SOMETHING TO WATCH OUT FOR] TNT Express UK has already committed to purchasing up to 200 Newtons
over the next two years, subject to the results of the trial. TNT NV is
presently carrying out a far-reaching feasibility study to assess the economic
viability of deploying Newton in other major European urban centres. [AGAIN, MEGA POTENTIAL IMPLICATIONS].

Interest in Newton from major fleet operators remains extremely high and the
Group is in negotiations with a significant number of major companies over
similar trials.

Smith Electric Vehicles remains on course to launch several new zero emission
commercial vehicles in 2007, including variations on the Newton chassis, plus
the Smith Edison all-electric van. [NOT ONE, BUT SEVERAL NEW MODELS IN 2007 - FURTHER EXCITING NEWSFLOW TO COME ON THAT FRONT, TOO!]
===

For further information, Tanfield operates on two major business fronts: [1] Zero Emission Vehicles and [2] Upright powered-access platforms.

Strand 1 is exciting enough, but Strand 2 is just as compelling - but I'll leave the reader to do further research on that score! There could be exciting news soon however, a major US trade fair is just about to launch.

[Saucepan]

Well, last night's post was clearly prescient. There has been a tremendous further trading update released this morning:

Tanfield Group PLC
22 January 2007



Tanfield Group PLC

('Tanfield' or 'the Group')

Trading Update

Tanfield to Launch Electric Vehicle for North America;
Strengthens Supplier Partnership Agreement with Enova

Smith Electric Vehicles, a trading division of The Tanfield Group Plc (TAN), is
pleased to announce that it has entered into a significant production supply
agreement with Enova Systems (AMEX: ENA and AIM: ENV and ENVS); a leading
developer of proprietary electric, hybrid and fuel cell digital power
management systems.

Tanfield has worked in partnership over several months with Enova, to develop
two high performance electric drive train systems for a Smith Electric Vehicles
zero emission van and truck respectively. Under the agreement, Enova will
exclusively supply a minimum of 200 electric drive trains to Tanfield during
2007. Tanfield will integrate a 120kw electric drive system into the Smith
Newton, the world's first zero emission 7.5t truck. A 90kw electric drive system
will be installed in the Smith Edison, the world's first all-electric 3.5t van.

Enova will also work in partnership with Tanfield to develop an electric drive
train for a 12 ton version of the Smith Newton, specifically designed for the
North American market.

Darren Kell, Chief Executive of The Tanfield Group Plc, said: 'We are developing
a US-version of Newton ahead of schedule in order to fully exploit growing
demand for our 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.'

'The Enova components contribute towards a best-of-breed solution for our
class-leading electric vehicles.

'We will work closely with Enova on the development of future products in the
Smith Electric Vehicles portfolio, for both Europe and North America.'

Mike Staran, Enova's Executive Vice President, said: 'This production agreement
with Tanfield consolidates our position as a market leader for electric drive
trains.

'But more importantly, the development of a solution for Smith Newton for North
America offers a truly enormous opportunity for further volume sales, through
the supply of solutions for Smith vehicles in the USA and Canada. Tanfield is
rapidly establishing its position as the world's leading commercial electric
vehicle manufacturer and Enova is convinced that there is significant untapped
demand for battery-powered vehicles worldwide - and that Tanfield's vehicles
can exploit this opportunity.

'The volume potential and market size, with a customer such as Tanfield, is
significant in both the short and long term. We are delighted that Tanfield has
selected us as their partner and we look forward to further optimizing our
relationship with them.'

[profit-maker]

HI Saucepan.. This is indeed a hot share..

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 week’s 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

P.M.

[Bob Uppendown]

Next week should be good. Picked up from another forum tonight:

Don't be short of stock when UK markets close next Tuesday evening. Wednesday 7 Feb is the opening day of the the biggest Rental Equipment show in the world, running Feb 7-10 in Atlanta Georgia. And Tanfield is using the show to relaunch its UPRIGHT brand in the USA, where it used to be known but lost ground under prior owners. Upright are known to have recently won big orders from hire firms in Spain and Scandinavia, and we can reasonably expect they will publish details of those and other contracts, in order to help grab some attention. Foreign firms often get the bums rush from American media - but part of Upright's production is based in Texas.

The revamped Upright website is worth a look around http://www.upright.com

Funds already hold more than half the shares, and after last week's presentation by Tanfield in New York, I think it is likely some others will be trying to get hold of stock at present. In which case MMs may attempt to scare a few holders into selling.

Bob

This post has been edited by Bob Uppendown: Jan 30 2007, 01:41

[profit-maker]

Hi Bob your my man... thanks for all the news.. this is indeed a flying company. going places.. I'm looking forward to Feb...

This post has been edited by profit-maker: Feb 6 2007, 09:23

[profit-maker]

BoB news flow is most important to any company and its investors TAN is one of the best at keeping everone up to date.

1st Feb news on Tanfield… UpRight Powered Access, has over the past five working days successfully secured orders for over 1,200 aerial work platforms, with a total value in excess of 14 million Euros.

2nd Feb News Smith Electric Vehicles to Supply Marks & Spencer with Zero Emission Delivery Vehicles

2nd Feb Prime Minister Plugs Into Smith Electric Vehicles

This post has been edited by profit-maker: Feb 6 2007, 09:23

[profit-maker]

Tanfield. 7th Feb Daniel Stewart has given a buy rating with a target price of 109p

8-14 Feb Shares page 9. Orders recharge Tanfield’s batteries.. The next few weeks will be most interesting..

A third production line is currently being installed in UpRights new Vigo facility in England and the company says it is close to closing on a deal to build a new Greenfield production facility in California. In the meantime it expects to achieve production of 60 units a week in its Fresno facility by late spring.

[Saucepan]

The Tanfield website now carries a link to the Investec report:

http://www.tanfieldgroup.com/downloads/Inv...nfieldGroup.pdf

What a great read!

[Saucepan]

Tanfield has been featured today in the Observer:

The future is green for UK's white van men

Terry Slavin
Sunday February 18, 2007
The Observer

A small Tyneside company that has manufactured milk floats for 80 years is aiming to turn 'white van man' green by producing what it claims are the world's largest zero-emissions commercial vehicles.
The first battery-powered delivery vans off the Smith Electric Vehicles production line in December were snapped up by logistics operator TNT, Starbucks, Sainsbury's and Marks & Spencer, but many other major retailers are in talks to buy the vans, the company says. They have a top speed of 50mph and a range of 130 miles between battery recharges.

On top of their green credentials, the vehicles are exempt from the London congestion charge and road tax.
M&S said the vans could replace its urban diesel fleet and potentially play a large role in helping it become carbon-neutral.

It is a stunning turnaround for Washington-based Smith Electric Vehicles, which has seen its milk-float business curdle over the last few years. Dan Jenkins, a spokesman for Aim-listed The Tanfield Group plc, which bought Smith's in 2005, described the electric vans as 'the supercharged son of the milk float'.

Later this month Smith's is to launch a nine-tonne version for Europe, followed by a 12-tonne model for the global market in March. In April it will launch an electric version of the 3.5 tonne Transit van.

http://observer.guardian.co.uk/business/st...2015375,00.html

As MT Glass has pointed out on the ADVFN thread, that makes for some exciting newsflow in the form (surely?) of RNS releases:

Feb 2007 - the 9 tonne Newton
Mar 2007 - the 12 tonne Newton
Apr 2007 - the 3.5 tonne Edison

Furthermore, as the Investec note (see above) points out: "Tanfield will release its preliminary results for the period ending December 2006 around the middle of March". This also leaves open the possibility of an imminent trading statement ahead of results and a confirmation of the actual results release date.

It should be an exciting few weeks to be in Tanfield.

This post has been edited by Saucepan: Feb 18 2007, 17:12

[profit-maker]

Tanfield. Hi saucepan this is indeed one of the best punts around...
The Tanfield Group will this year expand its range of zero emission vehicles to include an all-electric van; minibus; and two new trucks specifically designed for use in Europe and North America. The right products in the right place at the right time…

With the results out soon.. The talk in the city is that there are talks afoot for the US side of the business to increase…

This post has been edited by profit-maker: Feb 27 2007, 11:11

[BlueHorseshoe]

I see another big bank took a stake last week. Results announced next Monday.

[Saucepan]

Yes, it should be an exciting few days. Knowing Tanfield's marketing skills, I expect there will be more to come than just the basic results.

For instance, news of the 12 tonne Newton was promised in March.

[pizzaboy]

Looks fully valued to me now.

Be carefull.

[profit-maker]

Up 1p today.

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 Smith’s 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.

[northandy]

Has anyone any idea whats behind Tanfields tumble recently ?.

I know the results werent upto expectations, but since that fall its been dropping steadily...

[eyecatcher]

Hi northandy I can't answer you as I don't follow the stock on valuation or fundamentals (though I have plenty time for Roy Stanley); but I noted in the dtt recently that on the chart if 90p gave way, having been tested several times, there was no support for a very long way down. In such a case a substantial fall from the crunch support level (in this case that 90p) is not unusual - a form of mini-capitualtion.