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

oh come on , biscuit!! being honest about a company, discussing its shortfalls and positives, doesn't mean you are short. if all we are going to do is go on about how wonderful seo is this bb becomes meaningless. the results are crap. we are promised more jam tomorrow. that was expected by all. what has really disappointed me and several others is the fact that there has been no further progress on greenseal. surely the machines had actually gone through testing before installation?? didn't asda do extensive trials before signing up to the commercial deal?? what the f*ck has gone wrong??? i did say that there have been no further announcements re greenseal because there have been no more conversions. i was wrong about that. in fact, there have been less than the 5 we got told about last bleeding august. the point i am trying to make is that it really doesn't matter about the jam tomorrow if seo cannot deliver today and that is being reflected in the sp. think about it. we have had one positive announcement after another and all the sp has done is bob between 14p and 18p. surely it's obvious that seo need to deliver on greenseal before credibilty is restored.
also, someone mentioned why there has been no further announcements re the asda/starpol trials. going off seo's past record they go very quiet when trials are not successful. it is looking likely that this is the case here. maybe this is what they were thinking off when they mentioned two steps forward one step back. that's how i see it.
in saying all this i did buy back in early this morning as i feel that most of the negatives are now out in the open and in the sp. the price has shown good support at around 14p and i also think it wont be too long before seo announce something positive to sweeten these results. there are a lot of positives, not least the advance discussions with walmart. hopefully we wont have to kiss walmart's arse for over a year like natureworks had to before a deal is announced.

Bos
I cannot believe that there have only been two conversions I think it was announced a short while ago that there was seven, could it be that the two machines SEO are on about are purpose build machines and not retro fits after all.

I have email SEO for an explanation.

I've e-mailed the exact same question, Driver. Kim is phoning them too so perhaps we may get that one cleared up.
I am still convinced that commercialization is different to installing. If it isn't them I'm as ticked off as Bos.
Alan

According to CF3 on Advfn board from the new coverage by merill lynch

the 200 machines will be converted within the time period stated

+++++++++++++++++++++++++++++++++++++++++++++++++++++++

Interesting morning, I am of the impression that the two commercialised are different to the retro fitted machine. Obviously nothing to back that up with but it sure fuled a heated argument with hugs into University this morning! Hugs is a coursemate of mine and he was the one that introduced me to SEO in the first place, so I can assure you Biscuit He is not a shorter and I think you would be proud of his portfolio if you had, in the sheme of thing had was still a novice!!

Anyway back on track, had another thought, granted these packaging machines are large scale and granted there was a pause on tranversion just before xmas. I was thinking, could the two commersialised machines be for ASDA specifically, rather than one of their suppliers or associated companies? just a thought..

Looking forward to a reply from SEO, it will be good to clear the air and look forward to the next couple of weeks.

Hunty.

Just read an interesting Merrill Lynch analysis of SEO, they still consider the RF roll out to be only 2 months behind schedule plus show that 59.6% of SEO's stock is held by institutions (including 23% for The Age of Reaso Foundation. Anyone else going to the AGM?

sharesure can you say what the general tone is of the merrill analysis. positive or negative

sellsell, Very positive; more so than I expected it to be. I am a firm long term holder and will probably buy yet more when incoming funds allow and provided SEO haven't shot up in the meantime.

thanks, hope seo can now start to fulfill the potential. i will stay long until at least the interims

From my experience, there is no way these packaging firms would stop these machines before Christmas to change them to Greenseal, each one will have to be modified, tested, then run on production and so on. When the packaging firms gain confidence in you, then they will let you take the next ones to be started, sooner.
I for one am not surprised at all, that it took this long to change these first few machines, but when they get going, they will soon knock them out.
SEO are only just moving from development to production it takes time.

Mmmm now were does this bit go?

Its not the packaging firms is mainly the food suppliers who seal the product and they increase production to the super markets just before the christmas shut down, so that they can clean the whole production area and carry out maintenance on the machines.

Many years ago I worked for a company that won a contract to modify some packaging machines.
1st machine modified, 1 month, put back in production, 1 week later few teething problems sorted, machine in use for a month ok.
Order to modify 10 more.
2nd machine 3 weeks, machines 3/4/5 two weeks each.
Machine 6 did the same job supplied by the same firm completely different. Machines 7 to 10 all different and took up to 8 weeks each to sort out, when we got them, because they were at a busy time and could not take them out of production.
We had the same thing with other firms whose machines we modified, but when we got into it 1 or 2 machines week.

Biscuit

Yeah whatever. I spend my days looking at ways to make out I'm long, but of course in fact i'm short. I'm just stupidly overweight in SEO and pissed off coz its not doing what it said on the tin. I dont think that makes me a shorter.

I'm also questionable of this two months behind with Greenseal at ASDA. So at the end of december we were only supposed to have two converted? The other 198 can be done in the same period from Jan-July? I appreciate your views Jim on teething problems etc, but its still a bit crap! Anyway, it was always going to be a bumpy road etc....

Nice work with getting back in Bos-you've done well on the price. Wish I'd picked my main batch up at 14p!


Sharesure

You heard anything more with regards to the Mcdonalds mention from last week?

Bugz, not a thing. The source had a large position based on its outcome so obviously they'd convinced themselves it was very likely about to happen.
Following this morning's figures, I am hoping SEO can give more progressive news at the AGM.

I heard a similar opinion to you over the weekend, but was going to be separate from results-maybe later this week, or early next. The problem is that its most likely to be a 'working together' statement and be void of actual substance. We'll see.

does anyone know when the agm is. thanks

sellsell, the company has yet to announce the date.

Does anyone know how much 75,000 tonnes of starpol 2000 roughly be worth? are we talking big bucks or small shillings?

1985
Does this help

If the new plant runs at 10,000 tonnes capacity (SP Metals commitment only and no more), manufacturing thermoplastic starch (TPS) at 0.90/kg, it should generate a minimum of 9,000mn pa, or 3.1mn pa sales for Stanelco from 2007.Similar scenarios based on the manufacture of the other products are shown in Table 4.
In terms of roll-out, if Stanelco is able to license its technology as it hopes at 1mn pa for 20,000 tonnes production (ie, equivalent to its Welsh facility), and
that the addressable market is 35mn tonnes (world consumption of thermoplastics is estimated at 150mn tonnes pa, with Europe and North America accounting for roughly two thirds of the total, and packaging accounting for maybe 35% of the total), then a 1% share would produce revenues of c.17mn pa
for the JV and 8.5mn for Stanelco (17 licences).