for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

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

Worrier
Very good feed back from the Birmingham Packaging show, well done.

Cheers worrier - good report. Makes me more confident of the future.

Not worried:-)

Worrier

Thanks. That is good reading indeed.

Tony - relaxed as ever!

Howard White emailed me to confirm that he would also be at the Philadelphia conference.

Baza

Worrier,

Thanks for an excellent show report. Very positive.
I'm still holding and not worried ;-)

P68

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.

Worrier Hi,

Thanks from me to, interesting reading :)

Cheers,
PM

2:4 @ 16.25 : 17 and 200k : 400k

Worrier,

Morning, yes thanks, a good report.

Now 6:1 @ 16 : 16.5 and 325k to 150k

Just some of those that have covered the PulsLine(R) story in addition to those already mentioned. The word is spreading. No doubt there will be coverage of the Birmingham Packaging show to follow.

NutraIngredients-usa.com, France - 27 Sep 2005

Food Navigator, France - 27 Sep 2005

Food Quality News, France - 27 Sep 2005

Food Production, Europe - 27 Sep 2005

Good informative read Worrier - thanks.

I can see why you're not worried. Outstanding work Worrier.

Come on masterson get ramping/googling, the sp is in freefall!

ps If the product was so good and customers were dying to buy why on earth would they need to exhibit the goods?

Especially greenseal!!!!!!!!!!

Very worried:-(

Sham
Give over!
Even Coca Cola advertises. No sign of weakness in spreading the word.

I'm not worried. The Bears will hibernate for the winter and the bulls will have a free run from October.
The concepts that SEO are unveiling are new enough that such a sea change in packaging will take a while for all the benefits to become apparent and businesses are notoriously slow on the uptake, even when the potential is huge. The IBM chairman was on record as stating he could see a time when there may be 4 or 5 computers in the world and the markets thought he was a crackpot ramper. Alan Sugar of Amstrad said 512kb of memory was enough for any home pc and his company would supply all the worlds pc requirements. After the invention of the light bulb, gas shares plummited to the extent that parliament had an enquiry that stated the idea of electric lights burning in every home was fanciful and absurd. Gas shares rocketed. SEO have not created something as huge as that, but they have built a better mousetrap, and history teaches us two lessons, no-one will beat a path to their door, and investors who invest by the rules will be shown to get it all wrong. That change starts in October. It would be a very strange company who ratify a deal with a buyer just before a series of trade shows where they may be able to quantify supply and demand better and set their price more accordingly. It would be a badly managed company that signed exclusive agreements for all their products just before these shows where better opportunities may exist. SEO are neither. Treat this as a buying opportunity and enjoy the winter.
Alan

Worrier, Thanks from me too for such an excellent account. Your report allays many minor concerns which are a short term issue as far as I am concerned, although the continued absence of a launch date for the Mondini machine needs to be addressed by SEO as a priority.

LOL shamona, every bb needs a jester! How you been anyway?

bloody hell , alan. i didn't know you could be so erudite.