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Driver

Who is back again? You've lost me!

The oily one

Thanks to:

Biscuit,
Alan,
Eric,
gary,
rmhyams
and others

for really interesting and thought provoking posts.

The more I read them the potential seems to be getting bigger and much more exciting.

At risk of attracting unwanted criticism, it seems that if the picture painted by you guys of SEO's future potential comes to fruition it will mirror the future that PM1 used to talk about being possible - well in five or so years or more.

I'd try to help you guys out with the maths, but my electronic abacus does not have enough zeros. Can't use my fingers as I have half of one missing so that does not help much either.

I am looking forward to EVO's update on future income/profits when they take into account the effect of the news story released in the US on Friday and when firm deals are signed with WalMart and others.

The future is bright .... but not plastic or oil.

The (not so) oily one

Agree, Oily.
It gets harder now to post and not sound like Paul!!!
I am still trying to disprove my own maths here cos every time I look at it I cannot believe the potential upside and the apparant speed with which it may be delivered.
I have criticised SEO in the past, when i thought they had it all wrong, but blow me, this looks like the real deal.
Hope they don't make me eat my words.
Alan

as good as it all seems, i can't help getting a feeling of deja vu. anyone remember this time last year ?

Bosley

Deja vu yes, but this time last year, we never had so many ducks in a row to shoot at. All I remember is the ASDA possibility which everyone immediately converted into a virtual done deal with WalMart.

Now we have Starpol 2000 and 3000 which I believe is better, WalMart actually saying they are going fasttrack Starpol and looking at Greenseal, the possibility of deals coming from fastfood companies, the tie up with Perseco who have great influence with global companies. Need I go on?

The (not so) oily one

i do agree with you oily, but these ducks have done nothing for the sp apart from maybe hold it up above 14p. i still think greenseal needs to show that it is a success before we can move on.

Just to explain if you blinked you would have missed it, earlier we had some one posting very nasty pictures of sewage on all the threads. Well done M AM for taking it all off and a very fast ban.

Bosley

I think the reason for the share price not moving very much is because many investors are more cautious these days having watched the rise to around 30p when the ASDA exclusive period started.

There is also an element of "show me the money" - real turnover required before some will really believe that SEO are going to deliver.

When it does, I think that the sp will rise fairly steadily with few significant pull backs.

The next few months are going be really interesting.

The oily one

Serious potential is what it is, but as Oily says its now a case of "show me the money"!

SEO are big on promises and when, on the rare occasion they appear to be specific, they fail to achieve. The point in question is the more realistic timescale and cost of the Biotec expansion:

26/07/05
Stanelco, the RF (radio frequency) applications group is pleased to announce that it has received a conditional commitment from SP Metal its Joint Venture ("JV") partner in Biotec for an annual purchase of approximately 10,000 metric tonnes of Biotec's biodegradable pellet worth in excess of Euro20m per year.

As a result, Stanelco and SP Metal have agreed to increase Biotec's production capacity of biodegradable pellets to 12,000 metric tonnes by an investment programme in new processing equipment valued at Euro4.5m. Full production is anticipated within six months.

30/08/05
Biotec have received a conditional commitment from SP Metal for an annual purchase of approximately 10,000 metric tonnes of Biotec's biodegradable plastic pellet worth in excess of Euro20m per year.

Stanelco and SP Metal had initially agreed to increase Biotec's production capacity of biodegradable pellets to at least 12,000 metric tonnes within nine months via a joint investment programme of up to Euro4.5m. However due to further recent improvements in both the production procedures and the ability to process the materials, a capacity of 24,000 tonnes for an investment of Euro2m is now envisaged within the same period.

16/12/05
Sales of Biotec materials (Biodegradable, compostible and edible polymers based upon starch) are continuing to both SPhere (formerly SP Metal) and other customers. The relationship with SPhere is working well. We are on schedule to substantially increase in 2006 the production capacity of these materials - including Starpol to 20,000 tonnes by early 2007.

28/02/06
Sales of Biotec materials (Biodegradable, compostible and edible polymers based upon starch) are continuing to both SPhere (formerly SP Metal) and other customers enabling Biotec to concentrate further resource on R&D. The relationship with SPhere is working well. We are on schedule to substantially increase in 2006 the production capacity of these materials - including Starpol - and expect have a capacity of 20,000 tonnes in Germany by early 2007.

A further investment of EU1.5 million was made by each shareholder of Biotec in order to fund expansion of Biotec's research and production facilities.

Once again there are subtle differences, but the production went from 12ktpa, 24ktpa, 20ktpa and has held at 20k tonnes pa in the annual report.

The cost of the expansion: Euro4.5m, Euro2m, ? and Euro3m respectively.

The duration: 6 months, 6 months, early 2007 and early 2007.

So it would appear that the timescale has slipped, and if the Euro1.5m each is all it takes to achieve the ~20ktpa then they'd have come approx midway between their estimates.

You're right, Gary.
That is the history that makes investors think "here we go again".
I really do hope and think that this time is a bit different though, because the partners are not controlled by SEO and the terms of the press release make it sound imminent.
Time really does appear to be of the essence this time around.
It reminds me of those local authority job adverts, where the position has been taken by an internal applicant already, but the authority must be seen to go through the advertising and interview process, to satisfy their own rules.
I think SEO have already drawn up the agreements with WM and Persico, but must be seen to offer it out freely, in order to satisfy larger shareholders of due diligence and attract other big players to what is going on.
Could be totally misreading the situation, but the clue is there in the vertical integration bit and the ready to roll bit.
Just an opinion.
Alan

Thanks Alan,

Here's hoping.

Very positive all round and can't complain. We're in a very nice position in the mid teens, whcih seems to be where my stocks tend to hover for quite a while untill take-off, AHT was a prime example.

Off topic a moment - can anyone tell me how long you are allowed to hold cash subscribed to a stocks & shares ISA whilst deciding what shares to invest in? Anyone know a definitive website with the rules clearly set out on this aspect?

Thanks

sd

SD I believe there is no set time limit as long as your "intention" is to reinvest,certainly no problem with a few months.Confirm with your provider tomorrow.

So, what will tomorrow bring???
Anyone got crystal balls? (If so, please don't stand too near a singer with a really high voice. You may find the high voice catching)
Alan

Alan

There I was thinking that you were the king of double entendre but beat this is you can from the FYB board

"The SEO problem referred to "tooling problems", it appears that the said ` tool`, is not able to vertically integrate, thus causing a huge problem in the `horizontal integration` department.
The management are into deep intercourse on this one, and expect a climactic response soon.
Impotence is not a problem, erm, they think,

lol, and it makes about as much sense as the companies release-banal."

As to tomorrow, I think that the sp might move marginally in either direction in the absence of any hard news.

Fingers (those of you who have them) crossed.

The oily one

Too right, Oilywag, one can hardly condome such a state of affairs!

Post Removed!

Thanks for that johnny.
Last but one sentence is particularly good.
Alan

Re post 15498 and Ferrari analogy

Excuse me for being slightly sceptical, if this was a direct copy of what Howard White had sent, I would have thought that he would have been more meticulous in his use of Capital letters for his and Ferrari's name.

I would prefer to see the exact copy of the e-mails with the recipient's name deleted if he/she prefers showing the original question and date and time of the answer.

No reflection on the integrity of the original poster of this, but one must be careful not to suckered by manufactured posts.

The oily one

Always Careful. Have no reason to think this message might be 'manufactured' but the analogy does emphasise the point about patience. I think H/W said it would take '2/3 years' for the ball to start rolling.

jfg