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

I always remember Warren Buffet a few years ago after the tech bubble burst saying he'd had a very boring year investing in paint, carpets and bricks - and was very excited about it.

RF sealing, Starpol and packaging are hopefully going to continue to be equally boring over the next 5 years.

sd

I always remember my Grandad, Festus Beauregard Dipfinger IV, saying "Don't balme the dog, you trod in it".
Don't know if that helps.

I'm happy to watch the paint dry. Not much about the court case, seems to be just about business as usual, not much in the way of concessions and only 690k costs? Chief Exec doesn't say anything despite the note at the bottom of the accounts.

I'm still :-) about the long term

kim

whatever happened to the asda starpol trials. they issued an rns for it but now silence.

"Don't balme the dog" Alan, something to do with Undertaking?!

kim

Don't worry Alan SEO are NOT a dead dog.

kim

I think the asda starpol trials have rolled over into the bigger picture which is Wal-Mart in USA

kim

Financially, acheivement at bottom end of expectations (mine); potential more rosy. Reasonable cash; at least a year's worth on bast burn, but probably moving onto more expensive phase. Hint that ASDA deal will be extended to get the volume. So not much expectation for current financial year. Looks as though we will still be living on RNSs; but there could well be some really good news down the line. Have we been here before?

Eric

No, I don't think we have Eric

these results are poor...very poor

Agree, Treblewide: the results are poor compared with expectations built up last Summer. The prospects are good, very good though. What should the cap. of company be? Why 150m? Far too high on basis of performance. Far too low on basis of prospect. Friend Evil has it right, stache them away for the family's inheritance!

Eric

Treblewide

Poor yes, but promising, very promising, and to be honest perhaps a little better than I was expecting. I felt that the RNS last week was a confidence booster before today, but really it was not necessary, having re-read the results 4/5 times I like what I see, very bullish and oozing confidence.

kim

mmm....do not see much positives except more jam tomorrow type statements....turnover stayed constant and loss getting wider....there is no bottom line commercial progress in 12 months i am unsure where your confidence ooze comes from

Treblewide

This is where the confidence lies!:-

The intention is to offer a number of manufacturing licences in the US to
produce its range of materials through a micro manufacturing program for supply
to the supermarket and quick service restaurant industry. These licences will
enable converters to ensure a guaranteed supply of biodegradeable material in
order to satisfy the demands of these industries. Each licence will be for a
minimum of 20,000 tonnes and will be operated as joint ventures. This program
will ensure the availability of product in order that the market will be able to
have a rapid uptake of biodegradable materials. Recent negotiations with
manufacturers that are particularly concerned with the future of petroleum based
plastics have shown great interest in vertically integrating resin production in
or beside their plants.

Anything that remotely hints at being good for the evironment these days will be accepted with open arms!!

kim

Kim I agree, but you see the trouble is that it always promising promising, i bought at 3p years ago. In those days we were promised what is now quantom and medical products (viz cc), then we were promised greenseal, then asda, then greenseal walmrt, then starpol, now walmart again, oh and maybe 1.5 billion trays and maybe cig butts and maybe this and maybe that and may be now fast-tracking Walmart.

I mean greenseal is a joke, here are Asda looking to cut costs to compete in UK we nick one of their top execs and nearly a year later we have 1% of the total converted, 1%%%%%%%%%%. If I missed my targets by that much i would be fired.

I am still in for the long term and think the prospects are good but i am getting fed up with jam tomorrow as the jam always changes and tomorrow always seems further off. 1% for goodness sake - are they up to the challenge. And why does every damn tray in ASDA look greensealed??????????????

barney

Confession time, I have not been to an ASDA store for years so I can't comment on your last statement! I agree that we are always seeing promises, but don't forget that SEO are evolving in such a way that it is no longer practical for them to work as they used to so changes are made quickly, the changes are radical and, as they point out, in their line there will always be problems; to be fair to them they do not try to gloss over the problems and bluff their way forward, they go back to the drawing board and start again. Delays, yes - ultimate perfection, definitely! Oh well, I hope so anyway!!

kim

Morning all.

Feel very unsurprised my the results. Loss ok, and more future talk-which is getting boring. I'm getting frustrated with these 'foggy' descriptions, and as Oily said, why cant we be updated properly on exactly whats going on with each product. We f-ing own them!!! I stand by what I posted yesterday-we're not going anywhere till cash comes in. I agree that the future is rosy and exciting, but Feb 2006 was also rosy and exciting back in Jan 2005, and so far its bloody grey and COLD!

Barnery-spot on. Promise promise promise....blah blah blah......I too however have the stocks stashed and sitting long. I have great faith in SEO, but just wished it wasn't so bloody annoying being shown sweets and not being able to eat them!! Enough metaphors.....coffee required.........

worse than expected results, lots of jam tomorrow and only 2 (TWO) greenseal conversions and even those are still "in the process of being commercialized ". that's pathetic!!

So Bos, I presume you're not back in then?!!! ;-)

Bugz

Before long you will probably be able to eat the wrappers as well as the sweets!

kim