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

Progress baza = zilch. No conversions done IMO other than maybe the 5 mentioned months ago.

6 months into the deal yet they are worried about production runs during the Xmas period. Get real SEO, if Greenseal is that good these suppliers should have been biting our bloody hand off to convert the machines.

Nothing new, everything in the future. SEO needs orders and conversions now...

Also, and I have mentioned this before. By 2007 Biotech will produce 20000 tons of Starpol? Christ, that just ain't anything like enough for the type of deals that the company 'say' they are chasing.

Thought they had maybe learnt their lesson about RNS's but clearly not!

Alan, I just don't agree regards Starpol.

Greenseal should be easy money with high profit margins whereas they cannot produce nearly enough Starpol to generate any decent levels of income. Ok, so they give others the rights to the IP but frankly I doubt that will earn SEO much.

Its all about the Greenseal and that frankly is now teetering on the brink.

Perhaps no new news, but the confirmation of progress that investors have been asking for is in the contents. If SEO had attempted to be more specific on figures, the usual cry of bulling out a release would have been made.

To me these are the sections to concentrate on.

1 Current potential placements are expected
to lead to orders in excess of 50 conversions with one supplier to ASDA.
Another supplier is presently indicating a requirement for another 30 machines

2 In addition, the Company is making significant progress with a number of OEM's to adopt GREENSEAL as an option.

3 We are on schedule to substantially increase in 2006 the production capacity of these materials - including Starpol to 20,000 tonnes by early 2007.

4 In the US we have experienced a great appetite for Biotec products

5 Welsh Grant Funding

6 Cigarette Filters .....we expect this process to take a minimum of 6 months.

7 Quantum Finish ...... increasing sales

8 Frogpack......now seeing an increase in the number of leads to sell FrogPack products.

9 Carclo......High level discussions are underway with major drug delivery
companies on the human application of the technology.

How can this be the worst closing statement.

qchalmers,
I am happy to disagree with you about starpol. I just think of the amount of plastic pakaging thrown away every day (not just food packaging).
On a not quite so seperate note, the government has today been lambasted for its own departments not achieving its own environmental goals regarding emissions, recycling and biodegrading. On the same day the Welsh assembly give SEO a 3m grant.
I'm not suggesting a connection for one moment, but it is interesting that every day brings another story of the environmental imperative, and starpol could very easily be a large step towards achieving that.
Certainly not adding, but still in for the long haul.
Alan

Perhaps an overreaction - but I read the 80 conversions as being a total of 80 out of the 200 (ie a drop of 120) - not in addition to.

I read all the rest as more Jam tomorrow - with little in the specifics.

I am no analyst - a simple man by nature - and it came across as flat, uninspiring and hollow.

I am glad others see it differently - but I wonder how the market will react - I would not be surprised to see a drop of at least 1p. I hope I am wrong

Hmmm!

Not sure myself. Greenseal is not delivering promised run out due, by the look of it, to the fact the food producers have to take a line of production out to retrofit the machines

SEO seem to be trying to get round this by acquiring "several" machines to retrofit themselves so they can be fitted into producers lines with minimal disruption. Why don't they tell us exactly how many machines ?? Several could mean as low as 2 (or to be honest with this company it could mean 1!!)

So the question is, if they have to do the retrofitting themselves and they only have say 3 machines at any one time -- what are the chances of 80 sales in 2006 ??

OEMs are key here, but few take ups and producers will only buy when current equipment becomes obsolete. Presumably Asda not pushing suppliers on the basis that if they did, so many lines would be down they would not have any food to sell.

The Xmas line for reason for slow sales, is a bit of a sad point, as this problem seems to have been going on since the Summer - which is either worrying for SEO or for my stomach, if the sausage rolls I'll be eating next week were made back in August

Starpol -- all at early stages

Overall not as bad as I thought it would be -- given massive silence on Greenseal -- but profits pushed out as expected and company still refuses to play down expectations

A good Trading Update, steady progress being made and they seem to be firing on all cycinders! I'm thinking something may be due on the ASDA/Starpol side soon, that's why there's no mention in the update. When you think of all the possible deals they're currently in discussions about, 2006 has the potential to be a massive year!

Baza,
I think the lack of specifics is perhaps due to the stage of negotiations as much as anything.
Also. no figures is not unusual in a preclose statement that comes prior to finals we already know will be less than awe-inspiring!
If you really wanted to put a positive spin on it, and I don't, I just want facts, you could actually read it that the interest levels have been higher than anticipated and the business is spending more time and effort than originally thought on dealing with leads, at the expense of the logistics of roll out. Bad mangement perhaps, but bad in a good way(?).
Anyway. It shuts up people talking about 5 conversions. We now know its 16 times that.
Alan

......and obviously my analysis is crap - 'cos the market has opened with an increase in the sp. 'Cos I cant read the things that are not written Think I will go back to gardening.

Baza

morning baza, very disapointing. at least now we know why there haven't been any announcements regarding progress, there hasn't been any!! without wanting to sound like ii, maybe seo should work a little harder at changing their choice of words and start being definate instead of a constant stream of "could", "expected", etc. i would much rather have read the number of machines actually converted and then make up my own mind if the retrofit is going well or not. the rest is pretty much just a synopsis of the last year. the only new information is the welsh grant for the new plant. it's all a bit flat really.

Just a tip, Baza,
If it grows easily and hasn't flowered by August, its a weed, dig the bugger out. It works for me!!
Alan

.... I bet our gardens are pretty similar then !! - cos that is exactly the same advice I give my kids

blimey!!! you wait ages for an rns ......... and the 2 come along within a minute

Stanelco PLC
16 December 2005

16 December 2005

Stanelco plc ('Stanelco')


Stanelco awarded funding assistance
for new Research and Development facility in Wales


Stanelco is delighted to announce that is has been made a significant offer of
Regional Selective Assistance funding in relation to a proposed production and R
&D facility in Blaenau Gwent in Wales. The offer of funding will allow Stanelco
to create a facility investing around 3m to allow production and further
development of materials using Biotec's technologies for use in replacing
conventional plastic for packaging and other applications with biodegradable
alternatives from replenish able sources such as starch.

Stanelco are pleased to be able to work with the Welsh Assembly Government and
Blaenau Gwent County Borough Council on a project which will help bring over 60
new jobs and regeneration to the local community on a project which will help
business to be more environmentally responsible.

Andrew Davies, Minister for Economic Development and Transport said:

'I am delighted that we have been able to support Stanelco in this significant
development. The 3m investment will not only lead to the creation of over 60
high quality employment opportunities, but will further strengthen our R & D
base in this innovative and environmentally important area.'


Ends

What are you suggesting bos. RNS be renamed Business Update Service (BUS)?

ha6

Chuckles

The oily one

It certainly doesn't read well and would expect the price to end down on that RNS. You sum it up Bosley, progress? what progress.

Alan, I totally agree about the packaging thrown out. Problem for me is simply that they dont produce enough. These figures are off the top of my head but from memory SEO are to increase production to 20000 tonnes in 2007 and they already sell 10000 to SP for $20m euros. So, ok they maybe get a discount but you can only sell another $20m euros worth on that production. How much actual profit on that? I am guessing not an awful lot.....

Greenseal as we know does not need to be sold to many suppliers to blow that type of figures out of the water.

Starpol in many, many years may be a different kettle of fish.

One other point I missed (don't know if you lot did or if you think its irrelevant).
The Welsh grant comes not from an environmental department, as one might expect, but from an economic department.
I'm not absolutely certain but I would have thought that the award would be after due diligance which would include the potential for long term jobs in the area and the financial soundness and standing of the applicants. I do know that they will have demanded a business plan, which showed sustainability after the grant was spent.
If this is true then at least the bods in Wales are confident of SEO to the tune of 3m.
Alan

more jam tomorrow.....looks like another big loss for the year and another share placing soon....hewit surely you are grasping at stwars when the best thing you can find in the announcement is a statement saying the Yanks are becoming more envirnomentally friendly.....still looks miles away from ever making a profit...next stop 12p