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

Late last week? Sounds like he went there for the long Easter weekend - or to get away from ours as I don't think Good friday is a holiday over there. Hopefully for more important things too....

How do you know Howards movements so precisely, JJS, if you dont mind me asking? Are you a Stanelco employee, friend or neighbour?

oblomov, stalker probably .

The only person who I recall knew as much about Howard's movements was PM1 ....... !

Food for thought

The oily one

Hello again,

I notice the price is ticking up a bit on no reported volume, which is always a good positive sign :)

Hello again, JJS - any chance you could answer my question, please?

Hello again, JJS - any chance you could answer my question, please?

JJS - your comment was rather tempting fate !!!

JJS probably saw this on another BB. The poster is in all likelyhood PM1 :-))

Gary H - 17 Apr'06 - 20:04 - 62035 of 62040

Howard has been in the USA since late last week, possibilities of USA news next week have thus increased :)

No news doesn't worry me. But news often does.

Looking at the Notice of AGM there are two Special Resolutions. The second is to permit the Company to make market purchases of its own shares - up to 94,279,873 shares, which it says is "approximatly 10% of the issued shares.

I thought share buy backs were a means of enhancing shareholder value by the reverse of dilution (concentration?). Anyone know anything about this now with SEO? And what is the significance of the very specific number of shares that could be involved?

tonyrelaxes
Very interesting

tonyrelaxes
Very interesting

tonyrelaxes
Very interesting

Not very significant really, Tony.
The constitution of most companies allows for the purchase of its own shares at any time, but the mandate to do so, and the very strict rules over how many, how much and when has to be reviewed at every AGM and refreshed for the coming 12 months.
Standard AGM resolution, I believe.
Alan

I think it depends on whether they are kept as treasury stocks or not. If treasury then that should not really effect the sp and "resold" later or can be used to fund acquisitions or options etc.
I think possibly without requiring an AGM

The overall value of the company is to effected.

But check what I have written.

Hello again,

It looks like I did speak too soon, with the SP changing direction soon after I last posted :(

I wonder if the MMs are working an order, as we don't usually see this much volatility on such low volumes ?

Tony,

Might I suggest that the buyback could be used as a blocking move, to prevent a hostile takeover bid ?

If you add up the number of shares already tightly held, and add the 10% buyback, then see whats left, is it than less than 50% of the stock ?

Thanks all.
My query was really about any significance of the specific number of shares involved - neither a round number nor a specific percentage.
The reasons for buybacks can only be good.
Further query - is there a "closed period" during which the Company cannot buy back ahead of news that could affect the SP? If not it arrears the Directors could use their knowledge of upcoming events/announcements to buy back for the benefit of both the Company and Shareholders - a thoroughly good move!

Hello again, JJS

I take it you're not going to answer my question then, and we dont really know whether Howard was in the States last week - he could have been at the South Pole for all we really know.