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

Greek

Copy and paste away. No credit required, I don't consider it as my original - it was only what I heard.

As BHunt says, there was a real focus on quality in their approach.

IMO this share will make people rich - very rich - but not in a few months, but in many, many months to come and the years to follow. I believe this and came away far happier than I arrived.

More from me tomorrow.
Tony

Tony,

Thanks. Credit still given as you took time, trouble to attend

AGM TOPICS Continued

CIGARETTE FILTERS
Rothschilds are still investigating this. They are working on a No Sale, No Fee basis which shows their faith in a sale taking place. Work is continuing still proving the patent and material. Biotec are working with Adept Polymers in Warrington on this.
There are several stages so dont hold your breath. Stage 1 was determining interested parties and there has been significant interest." Stage 2 is working with Biotec.

CAPSULES FOR MEDICAL MARKET
SEO took a pragmatic decision to settle the dispute with BPRG. Both can now exploit the patent. SEO will be diverting their resources back to this after GS requires less of their time and resources.

STARPOL
10,000 tonnes of this material will be sold this year with capacity for 20,000 more. There was a question about ASDAs 30-day trial but, again, I could not properly hear the reply.
This can be made from many starch sources, corn, potato and even peas. Peas have actually produced a better product.
Discussions continue with Perseco. There was a qualified avoidance of directly using the McD word in this context, but it was used a lot! It is expected that the micro manufacturing plants will be either inside or alongside the JV partners production facility close to the user market. The use of various starch origins ensures materials are local and not subject to high transportation costs (spuds are heavy!).
Samples of Starpol 2000 and 3000 in various forms were available to inspect. I saw the usual meal trays but also noticed a pre-moulded chocolate box layer separator. Afterwards I was told there was interest in many applications from many sources. I heard many names mentioned. Among those I recognised was Gueest and [if I heard correctly] Nestle.

STARPOL WRAP
There is again interest from Perseco as well as others. A sample was there to see and feel. Looked like a whiter grease proof paper bag I used to get my chips in!

SHARE PRICE
A questioner quoted that last year the Board had been surprised how far this had travelled how did they feel now? The reply was that the pendulum swings too far in each direction. The SP now looks low on the potential.

FINANCES AND REVENUE
The Chairman said he hoped to be earning our own way in 12 months time A Rights Issue is not anticipated. They are trying to fund the JV micro plants with partners money.
Income stream is to come from IP rights transfer, Royalties, profits from JV manufacture, Dividends from Biotec.
They said they could not say too much as we are in a closed period presumably as the half-year ended on Sunday.

DIRECTORS
The full current Board was there, including new FD Clive Warner, except Terry Robbins and Graham Whitchurch no explanations of their absence was offered. After the meeting officially closed I listened to and spoke with Martin Wagner. I saw others speaking with Howard White (is a surname beginning with W becoming a Directors' requisite?). I would be interested to hear what they learned from him.

CONCLUSION?
As I said, I came away far happier than I arrived. Now, after a nights sleep, I will certainly be keeping my investment here and look forward to the months ahead.

Whatever is said, you can't get away from the fact that the share price is still only 13.25p.

Therein lies an age old argument. Do you buy on current value, or potential value?
I would argue that those buying on current value should look to the blue chip divi payers, and everyone should have some of those in their portfolio.
Starpol Wrap excites me. That looks like the easiest and fastest route to the consumer. No special machinery to install or leakage trials. Just a different sheet of paper (simplified but you get the gist).
If I were a betting man then my money would be on this being the subject of the next significant announcement.
If the sp does remain this low, then my next available funds will go here. i am confident for that but I don't wish to liquidate anything else to put more in.
Alan

Borrowed from another bb

A brief resume of my conversation with Howard yesterday after the AGM.GREENSEAL:I asked him what exactly was the problem with the tooling.He explained that the part of the the machine coming in contact with the trays was not up to the job and in a commercial enviroment was wearing out too soon.This has now been redesigned and/or made from a different material ,tested and is working perfectly to expectations.There was never a problem with the RF sealing.An analogy would be you invent a car and put tyres on it ,they wear out after 1,000 miles .This is unacceptable so you redesign the tyres to last 40,000 miles .This particular piece must be sacrificial so it's only a matter of the period of its longevity being acceptable, which it now is.My analogy not his!COMPETITION:I asked him if Metabolix presented a serious threat.He said that he knew all about them and had even been to a presentation of theirs in Philadelphia and reckoned they were about 4/5 years behind SEO.WEBSITE:I pointed out that they may well be 4/5 years behind in innovation but their website was light years ahead .He agreed and pointed out that it must have cost a fortune and that SEO's business was not producing expensive websites.STARPOL 3000:He showed me samples of Starpol 3000 which are 100% RF sealable and 100% biodegradable .It could also be coloured which apparantly is the way forward for many items,ie blue for fish red for beef.Hope this is of some interest.Mad Pad.PS if anyone would like to post this elsewhere feel free.(I don't know how to and can't be bothered to type it again !!!)MP

Edited by mad pad on 03-May-06 at 17:05

Al
Re. Starpol Wrap excites me
I don't think there's much that doesn't excite you but on your point of S/Wrap it would have to be some one like Mc/Donalds for the Wrap to generate enough revenue to get really excited being such a small piece of waxed paper replacement.

Johnny the fox,
Thanks, good info found. Saw the bit about cut/paste permission given by the original poster so will do so.

Evening all

Sorry I have not reported back myself after the meeting yesterday, but have been in bed all day with a terrible streaming cold.

It was good meet bhunt1910, tonyrelaxes, sharesure and madpad and put faces to names.

I shall add my pennyworth perhaps tomorrow when feeling a little more chipper, but for time being, based on the Q&A session and the informal talks yesterday after the meeting, posts made so far by those mentioned above are a pretty accurate reflection of my own recollection and opinions.

The oily one

I know, Driver. The littlest thing has me coming over all unnecessary!!
The wax wraps have a bigger potential than McD.
Every takeaway you can name would have a use for them. As would every butcher, fishmonger, baker and many others as well as the supermarket chains.
Even the manufacturers would have an interest for loaves of bread and such like.
If it is more cost effective than current plastic based wax wraps, as well as more environmentally friendly, then any product that needs protecting from environmental change is a candidate.
This could include anything from fags (can you tell I'm a nicotine addict?) to stationary, to critical archive material.
I stress that this only applies if the cost is lower, and I'm not trying to take PM1's mantle. Just pointing out that moisture proofing, grease proofing and wax paper sealing is far more prevelant than just for wrapping burgers in.
Even so, thats probably all it will ever get used for!!
Alan

All very confidence building. Thanks chaps. I like Tony's 'SP now looks low on potential'. You can't even begin to define the potential. Very interesting that sp has receded again today. I think the short-termers are beginning to give up the ghost. There should be a transition from the fly-by-nights to the longer-term investors. You guys have gone, listened, taken on-board, sussed the potential and come away happy (except for lack of money in pockets). It doesn't do much credit to the majority that they should come away and sell, impatient for a quick fix. But I actually consider that the transition to a re-rating of the stock as a long-term winner will start quite soon, perhaps with a WalMart/Tyson trial announcement or a Perseco sale.

Eric

Eric

Not my 'SP now looks low on potential'. This was a direct quote from Philip Lovegrove, SEO Chairman - a person who has spent a lifetime "in the City" and clearly knows his way around.

He isn't doing too badly at AHT either, look at their chart for the last year or more. Considerably more impressive than a total loss at Regent Corporation 12 or so years ago where he was also a Director, and I had invested :-(

Tony

http://www.pressgazette.co.uk/article/040506/cartwright_green_revolution_is_needed_to_secure_magazine_future

Don't know if Stanelco could help here but it's a huge market worldwide.
I never considered the waste caused by these covers as I don't buy magazines ( no not even those on the top shelf ).

Thursday, 4 May 2006
By Colin Crummy

A tax on covermounts is inevitable if magazine publishers ignore greater Government and consumer pressure to recycle, according to Hello! publishing director Sally Cartwright.

Polybags and plastic packaging on magazines were still going to landfill, leaving the industry in danger of being labeled environmentally unfriendly.

Comment re Stanelco web site. Ok some web sites do cost a huge amount of money, but Stanelco's is pathetic. If you are potential customer, you would go to their web site. The impression you get is a very amateurish site. This does not show the company in a good light. Look at the site though potential customers eyes and you will see what I mean. Try and quickly find what you would be looking for as that potential customer. For a few thousand pound, a far better site could be developed. My son holds a computer degree and although web design is not his forte, he could design an improved site. Ok rant over.

Greek.

Get your son, or one of his mates, to formulate a quote and send it in. Can't do any harm and might do some good, for both SEO and your son.

First impressions do count, which is why I was disappointed with the individually wrapped Stanelco pens given away at the AGM.

The wrapping was polythene, not Starpol,
- and the pen does not work!

Tony

Cheers,Tony

I may just do that.

Tony,

Was the pen also plastic?????

Garyble - no, not plastic but made of metal.

And NO, it has not rusted - YET !!

To bring the discussion back to the start - the pen gives the Website address !

Al,

"Even so, thats probably all it will ever get used for!!"

The simplest ideas are usually the best. And according to Jeremy Clarkson (in "The World According to . . ."), all the billionaires he knows are in packaging, such as the Rausings who are apparently responsible for TetraPak.

So it must be true.

Dunno if this will make a ha'porth of difference to SEO. I haven't bought yet, still content to sit on the sidelines and watch.

All billionaires are in packaging because THEY HAVE MADE A PACKET.
Boom Boom

You should sell that one to the Christmas Cracker people, Tony.