bosley
- 20 Feb 2004 09:34
shamona
- 28 Sep 2005 17:59
- 10180 of 27111
Anyone buying now is committing one of the cardinal sins of successfull trading, NEVER attempt to catch a falling knife.
Promises of news soon are utter piffle, trade what you see not what you wish you could see.
Over 100 million pounds too expensive, much better value elsewhere in companies that will actually make a profit one day.
paulmasterson1
- 28 Sep 2005 18:24
- 10181 of 27111
You'll love this :))))))))))))))))))))))))))
Cawkwell ousted over share row
Robert Lea, Evening Standard
28 September 2005
INFAMOUS share trader Simon Cawkwell has had his brief career as a listed company director abruptly ended after he was found to have broken Stock Exchange rules.
BANNED: Simon Cawkwell's brief career as a company director has come to an end
Cawkwell - known in the market as Evil Knievil - broke stock market trading regulations by buying shares during a prohibited period in Aim-quoted Kryso Resources, where he had been deputy chairman since last year.
It has emerged that Cawkwell was forced to resign from his only public company role after an almighty row in which the Tajikistan gold prospector's City financial adviser issued a 'me or him' ultimatum to the company.
Stock Exchange filings reveal that Cawkwell bought 100,000 shares in Kryso at 11p on 26 August and another 250,000 at 11.3p on 30 August.
The share purchases were, according to the filings, to be held in trust for [Cawkwell's] brotherinlaw Paul Darlow, a Crown Court judge. But the purchases breached the listing rules of Aim, the lightly regulated junior stock market.
The rules dictate that directors cannot trade shares in their company during a so-called closed period. In Kryso's case, directors are barred from trading between 1 August and 30 September or when Kryso reports its interim results.
Cawkwell was forced to quit after an ultimatum from Kryso's nominated adviser or 'nomad', Brett Miller of Ruegg & Co.
Kryso finance director Craig Brown admitted: 'There was a falling-out as a result of the share transactions in which Simon was shown to be non-compliant [with AIM's listing rules]. Words were exchanged and the nomad said either Simon goes or he does. Simon went.'
Cawkwell today admitted: 'I should have been more careful. I had got it into my head that the interims weren't due until November and that we weren't in a closed period.'
The shares were bought by Cawkwell's broker when Cawkwell says he was incommunicado on holiday in Norfolk. Cawkwell, however, is scathing of Miller's role in his departure: 'He is an ill-mannered, silly little man who out of a minor matter has invented a great trouble,' he said.
Miller declined to comment. Kryso shares today opened at 11p, showing a notional profit of 1825 on the share purchases.
Since resigning, Cawkwell has bought another 200,000 Kryso shares and claims to have taken a 500,000 share 'buy' spread bet with a bookmaker.
THE self-styled Evil Knievel has built up a legendary status among the legions of day trading share punters.
When Cawkwell moves on a stock his actions are minutely dissected on investor website chatrooms.
Having made a huge reputation with big stock market bets, often controversially 'short-selling' companies to make a profit on falling shares, Cawkwell, 59, has been compared with a Bond villain - a baddie of capitalism moving share prices for his own end from his London lair.
Though an inveterate gambler, Cawkwell says his investment decisions are based on the fundamental health of companies' balance sheets using his qualified accountant's eye.
However, his decision last year to become a public company director shocked his followers. 'The term poacherturnedgamekeeper does not begin to describe it,' said one commentator.
Cawkwell is holding out hope of a return to public-company life at some stage. 'Some people may think I am a scallywag but they are misinformed,' he said.
Mad Pad
- 28 Sep 2005 18:24
- 10182 of 27111
Does anyone know offhand when Ian Davis was chairman of SEO?
Worrier
- 28 Sep 2005 18:25
- 10183 of 27111
I visited Stanelco at the packaging show in Birmingham today. A full report to follow. It is on tomorrow, last day. Free entry, free parking. Howard there tomorrow. Ian B today.
Not worried
paulmasterson1
- 28 Sep 2005 18:26
- 10184 of 27111
Mad Pad Hi,
Over 2 years ago, he also sold all his stock back then too .... he was a fool :)))))))))))))
Cheers,
PM
Stanelco PLC
20 June 2003
STANELCO PLC
Directors Resignation
Stanelco, the RF (radio frequency) applications group, announces that Ian Davis,
director, has resigned from the Board with immediate effect.
Mr Davis has served as a Director of Stanelco Plc from 1991 to 2003 and held the
position of Chief Executive from 1995 to 2001.
Stanelco PLC
20 June 2003
Stanelco plc
Holding in Company
Stanelco, the RF (radio frequency) applications group, announces that it was
informed on 19 June 2003 that Abacus Nominees Limited, as trustees of the I N
Davis (1991) Trust, had disposed of 200,000,000 ordinary shares and is now
interested in 51,489,940 ordinary shares representing 7.5% of the Company's
issued share capital.
The Company has been advised that these shares have been placed by Fiske plc
with institutions and private clients.
Mad Pad
- 28 Sep 2005 18:34
- 10185 of 27111
PM thanks.We certainly dont want him around now with the press he is getting !
NielsJensen
- 28 Sep 2005 18:50
- 10186 of 27111
I just thoght I'd share this, before sham brings it up:
He is a wanted man
I just wonder why you missed that one Paul?
someuwin
- 28 Sep 2005 18:52
- 10187 of 27111
Looking forward to your report Worrier:-)
bosley
- 28 Sep 2005 19:25
- 10188 of 27111
interesting article, niels. does he still hold his 50+million shares? is he the retired employee who has been getting millions of extra shares these last two years?
paulmasterson1
- 28 Sep 2005 19:32
- 10189 of 27111
Niels Hi,
I didn't miss it, I sent it to Howard the day it was first published(Sept 25th), he replied that the guy left Stanelco and sold his stock over 2 years ago .... end of story :)
Bosley, that would be 'no' and 'no chance' I think, by resigning from SEO rather than retiring, he would forfeit any such options :)
Cheers,
PM
NielsJensen
- 28 Sep 2005 20:11
- 10190 of 27111
Paul, Bos: OK. :)
garypat2
- 28 Sep 2005 20:32
- 10191 of 27111
Just some overdue clarification of seo's attendance in Philidelphia
From : Terry Robins
Sent : 25 September 2005 18:23:05
To : "'GARY PATTERSON'" < ***********@hotmail.com>
Subject : RE: Investor enquiry RE: Sustainable Packaging Forum 05
Inbox
I will be there, along with two other directors.
Terry robins
Chief Operating Officer
Stanelco plc
-----Original Message-----
From: GARY PATTERSON [mailto: ************@hotmail.com]
Sent: 23 September 2005 23:27
To: info@stanelcoinc.com; info@stanelco.co.uk
Subject: Investor enquiry RE: Sustainable Packaging Forum 05
Dear Sir/Madam,
I write to you as a stanelco shareholder to enquire about the Sustainable
Packaging Forum 05 on
October 17-19, 2005, Sheraton Society Hill, Philadelphia, PA, U.S.A. I have
been informed by other shareholders that Stanelco will be in attendance and
I would like you to tell me on which days the company will be there so that
i could arrange to attend for myself.
I would appreciate a swift response to this query
Yours Gratefully,
Gary Patterson
Tonyrelaxes
- 28 Sep 2005 21:16
- 10192 of 27111
Garypat.
Thanks. That is good reading.
This is what we need - words from SEO people and potential partners sooner than the products of the imaginations of the insecure, unsure or iidiots.
Tony
Worrier
- 28 Sep 2005 21:53
- 10193 of 27111
Good evening team,
I have returned from the Birmingham Packaging show and if any of you are local to the NEC I can recommend the SEO stand to you for the last day (Thursday). Howard White should be there too.
If you are free you could pop over to Las Vegas where SEO are running another trade show this week.
Upon entering the hall and locating Stanelco on the plan, I made my way past numerous packagers stands, the majority of which had one or two sales staff standing idly around or handing out free pens. - I turned a corner to see the Stanelco stand heaving with punters ! No gimmicks required for the SEO stand.
I counted 7 SEO staff on duty, including Ian Balchin, and Terry Robins. Many times while I was there, every one of them was engaged with potential clients.
Not wanting to divert attention from potential buyers who were having technical talks from the SEO staff, I simply lurked nearby for a while, catching the names of a few of the visitors ; a team from Nestle, others from Glaxo Smith Kline engaged in demos with the techies and IB.
A corporate DVD was running showing Frogpack drop test and a Greenseal machine at work on a batch run. A Greenseal machine was on display and samples of the trays and sealed products were handed around
On speaking to staff, they were very pleased with the high level of interest and the quality of the visitors- showing real interest in the product lines. Specialists from the different business areas were there. Frogpack, Aquasol, Greenseal, Starpol and PulsLine (new).
Spoke with Ian Balchin for a short while- he was very busy. IB was obviously very pleased with the way the show was going. Discussed the importance of ASDA and their agreement to commit to a minimum of 200 machines. When I queried the timing of the rollouts he seemed unable to be specific on when the conversions would occur. Packagers would have to take a machine off-line temporarily in order for a retro-fit of Greenseal RF technology. SEO have a machine available to cover this down-time, and they are also working with Mondini to have new machines available instead of a retro-fitting.
IB was very enthusiastic over the Biotec acquisition. The fit between the two companies was perfect and brings a key raw material provider in-house. He mentioned the starch based trays and how their target price was to get below the current petrochemical-based / plastic trays in current usage. This is likely to be a very major source of earnings for SEO going forward, but once again the question mark is over the timing. Not an if but a when. The target to get the starch based product below the current plastic is getting closer all the time
Queries over the timing of the rollout of the ASDA packagers conversions, IMHO pose the biggest threat to the share price as we are likely to see erosion of the sp without positive newsflow.
.
Obviously IB could say nothing of a price-sensitive nature when I asked about the closeness of Wal-Mart. He was quite straight about the fact that Wal-Mart are fully aware of the ASDA exercise. More than that he could not say. Did I detect a twinkle in the eye? I did not go to the show expecting any confidential news, but more to get an impression of the quality of management, the competence of their senior staff and to try to judge the level of confidence with their propositions going forward. I came away satisfied on all three counts.
Everyone needs to be fully aware that SEO has incredible potential- the current timing of their product lines with environmental issues and petroleum prices have improved SEOs chances of success. The question mark remains over timing of deals which I was not able to ascertain today.
Still holding for the medium long term but I have been accumulating since 4p. DYOR and this is just my take on the day.
Not worried
someuwin
- 28 Sep 2005 22:12
- 10195 of 27111
Cheers worrier - good report. Makes me more confident of the future.
Not worried:-)
Tonyrelaxes
- 28 Sep 2005 22:12
- 10196 of 27111
Worrier
Thanks. That is good reading indeed.
Tony - relaxed as ever!
bhunt1910
- 28 Sep 2005 22:38
- 10197 of 27111
Howard White emailed me to confirm that he would also be at the Philadelphia conference.
Baza
Phart68
- 28 Sep 2005 23:11
- 10198 of 27111
Worrier,
Thanks for an excellent show report. Very positive.
I'm still holding and not worried ;-)
P68
bosley
- 28 Sep 2005 23:40
- 10199 of 27111
worrier, just adding my thanks for giving us an excellent report. your take on the management team backs up what sharesure and baza said after the agm and egm, that seo have a competent , knowledgable and high quality management team.