Tanfield results due tomorrow

Guest blogger "John Smith" has passed on this info - thanks again John. Others please feel free to email me info on any share discussed here or any other you wish to see written about on here.

Company results due out tomorrow, and a nice little mention in the Sunday Times.
http://business.timesonline.co.uk:80/tol/business/money/investment/article1563566.ece
extract from full article
So where are the best places for you and your conscience to put your cash right now? One to consider is Tanfield group, which produces a range of environment-friendly vehicles for businesses. Its newest vehicles have ranges of 120-130 miles between recharges and can go up to 50 mph, more than fast enough for most urban environments — which is where the company envisages them being used. Think internet home shopping and grocery delivery; food distribution; parcel, mail and logistics firms; and waste collection and recycling companies. They can all use Tanfield vans, and increasingly they are. Sainsbury’s uses them to distribute chilled foods for its online division and several other operators have them on order.

Last month the company also signed a “significant supply agreement” with M&S to replace some of the store chain’s diesel delivery fleet.

There is huge momentum behind this company —– since December it has had no less than six bullish trading statements and the group’s sales of zero-emissions vehicles in the first half of 2006 were almost as high as sales for 2005. Yet the shares still look cheap: they trade on a price/earnings ratio of 15.5 times despite having forecast earnings growth of over 100%.