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

If they carry out share buy back and cancel shares then it might reduce the chance of them being eyed as a take over and is protective of management. It seems a little crazy to me for a company in a development stage to release cash unless they are certain there is going to be a cash influx.

Short term gearing can be seen as useful and should or could mean the company is confident of short term and medium term developments.

TonyR,

It seems that the 10% own share purchase option is a standard item, as someone else has mentioned.

The 2003 accounts has:

"14. THAT
authority is hereby generally and unconditionally given pursuant to Section 166 of the Act, for the Company to make market purchases (as defined in Section 163(3) of the Act) of any of its own Ordinary shares of 0.1p each in such manner and on such terms as the Directors may from time to time determine provided that: (a) the authority hereby given shall, unless previously varied, revoked or renewed, expire at the conclusion of the Annual General Meeting of the Company next following the Meeting at which this resolution is passed or fifteen months after the date of the Meeting, whichever is the earlier, but so that the Company shall be entitled under such authority to conclude at any time before such expiry any contract or purchase of its own Ordinary shares which would or might be executed wholly or partly after the expiry of such authority and to make a purchase of its own shares after such time limit in pursuance of such a contract of purchase;

(b) the maximum number of shares hereby authorised to be acquired is 77,222,539 Ordinary shares of 0.1p each (being approximately 10 per cent. of the current issued Ordinary share capital of the Company); and

(c) the maximum price which may be paid for each Ordinary share of 0.1 pence each is an amount equal to 105 per cent. of the average of the prices of the business done in the Ordinary shares of the Company derived from the London Stock Exchange Daily Official List for the ten business days preceding the day of
purchase and the minimum price is 0.1 pence."

I can't see a mention of it in the 2004 report but its obviously back in the 2005 annual report.

Garyble
Thanks.
I am glad your filing and access is in a better state than my own!
Tony

Thanks Gary.

Isn't this just standard wording to leave the option open?

Oblo,

It seems to be. Someone mentioned that a few days ago.

Plus its always nice to have the option, as there "will" come a point when they could buy back, but as has also been said, I don't believe that to be anytime soon.

SP up 6% so far today - like to see it do that every day for a month!

According to the "rule of 72" that would make the sp 1 by 12/06 (taking into account weekends and bank holidays).
Is that a prediction, Oblo ;-)
Alan

Not a prediction, Alan (my names not Paul) - wishful thinking, maybe!

PM has e-mailed to say that WalMart and Tyson Foods are arriving in the UK next week to view Stanelco products.

If this is true, I wonder why they do not have samples of the products in the US!!??. What a waste of executive time!

Anyway this is a clip from Tyson's web site:

2005 Sustainability Report .... http://www.tyson.com/Corporate/PressRoom/docs/SR2005.pdf

and .........

Tyson Foods, Inc. [NYSE: TSN], founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef, and pork, the second-largest food company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products, which are marketed under the "Powered by Tyson" strategy. Tyson is the recognized market leader in the retail and foodservice markets it serves, providing products and service to customers throughout the United States and more than 80 countries.

The company has approximately 114,000 Team Members employed at more than 300 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.

Living Our Core Values
Sustainability is an important part of the culture at Tyson Foods, and we take very seriously the company's responsibilities to customers, shareholders, Team Members, and the communities where we live and work.

Our Sustainability Report document provides an overview of the company's efforts to support environmental stewardship, social progress, and economic growth. The information in this report, unless otherwise noted, covers fiscal year (FY) 2005 (October 3, 2004 to October 1, 2005). It primarily focuses on Tyson operations within the United States, with some additional information provided on international operations.

We encourage you to read this report to learn more about what Tyson Foods is doing now, and what we plan to do in the future, to strive toward sustainability

If WalMart are working in tandem with Tyson and they do a deal I guess the share price might tick up a .25p.

The oily one

Oily
I am sure there are samples in USA but probably not the process machinery and equipment other than for Greenseal, of which I believe there is a working machine in USA.
Maybe the visiting execs want a free jolly to Europe so offered to come. Why not?Southampton can be quite nice at this time of year.

Afternoon all

Thinking caps time.

In the hope that I shall be able to attend the AGM meeting on 2nd May, lets be having your questions to put to the directors.

Try and make them as penetrative as possible to put them on the spot.

Anybody else going, let me know so that we can arrange to meet up.

The oily one

Oilywag,

Can you ask them :-

How many companies are they in talks with for micro-manufacturing units for Starpol in the USA.

How many tons of Starpol they are aiming for this year in the USA.

Are they looking at starting micro-manufacturing outside the USA this year, and if so, where.

How many companies are involved in the bidding for the fiter and tow IP, and how is that progressing.

How many suppliers in the UK/USA/elsewhere are looking at Greenseal.

Ta :)

Oilywag: I had assumed that Tyson would be looking at the Starpol micro-plant with a view to installation. If so, this is very positive news and likely to help the sp as soon as the news is broadcast.

Eric

Market is reasonably OK but on relatively small volumes. Strange given that the WalMart/Tyson visit must be hugely significant. PM suggests its about Greenseal but they can see the hardware in US. They must be over here to view Starpol micro-plants. It also makes more sense that Tyson will want to use Starpol on existing equipment. If this happens then it will be mega for the SP given their volume as largest WM supplier of meat. Money where mouth is? Yes, have topped up this morning!

Eric

I think Tyson are in the UK to view Greenseal running in a commercial environment, at full speed, with no problems, and at Starpol coming off ASDA commercial test lines.

In the USA all they can see is a machine installed at AEIS, a machine that is not in full speed commercial production, and is in a controlled environment, not a very cold supplier factory.

I doubt they would be interested in seeing micro-manufacturing of Starpol (I also doubt there is anywhere to see this in the UK), all they want is to see the end product, trays and film, before and after filling and sealing on a commercial production line, like they can at ASDA. Bear in mind that Tyson is a meat processor, not a tray and film manufacturer.

If they have the confidence to bring Wal*Mart and Tyson to the UK to see Greenseal, then Greenseal must now be problem free, which also means those UK orders for 40 and 50 machines should come in soon too.

JJS: Thanks for that which is clearly informed comment. My understanding has been that the micro-plants for Starpol were to be installed at suppliers as the most efficient method of supply (reference announcement of such plants in US). Is the Welsh plant not a reference point? Starpol certainly goes with Greenseal but presumably is not dependent on R/F conversions; i.e. can they not use existing machines to get the bio-degradable capability and do R/F as stage 2?

It would be good to get the head around the opportunity so that this time our expectations are more realisitic. I do feel though that better news is not that far away.

Eric

Hi Eric, How you doing? Back in SEO after selling out at 27P...I feel SEO has bottomed out now and still has lots of potential.
Di
:-)

Eric,JJS,

Both good points and posts. I think ( hope ) it could be a bit of both. After all why not kill two birds with one visit, so to speak, ie to view a micro-plant, and Greenseal running in a commercial environment, at full speed. All the little bits over the last year appear to be coming together nicely.

edit

Di: super to have you back. Your prescience is remarkable: out at the right time; back in at the right time, hopefully. greekman has it right. The hand of cards is good with plenty of trumps; last time they built a house of cards on poor foundations. This time they seem to be getting it right.

Eric