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

I think your on the money eric.
I'm even more bullish now that TB from RHPS seems to have moved to a hold position..... shame it was'nt a sell.
As in the past when i've stuck firm in my beliefs in a share previously tipped by the rag and then dumped, i've done rather ok. Oxus gold, Northern pet, SEO previously spring to mind...
Just hope the missus doesnt want a new car this year........

Eric,

Don't we know it all too well by now!

Revenue from Starpol seems to be the most likely prospect on the horizon. Not sure of the scope, but an MMP would take several months to commission by my reconning.

garyble
At the AGM, when asked, they said a plant can be constructed, equipped and up and running within 6 months. As they hope to use JV partners money to finance it there should be no cash drain. Presumably the Royalties and share of JV profits will then flow quarterly thereafter (like Greenseal) - 9 months after the "off"?
And any purchase of material through Biotec would add to revenue and profits.

Interesting aspect,they want the Starpol supply agreements at a price fixed to be always 10% below the price of petro based equivalent products. Thus locking in to gain from all future rises in the oil price and economies of scale. It is only the potato futures market that can work against!
This may not be so good for SEO if dreams and hopes with Oil Exploration companies come true and they can produce so much as to cause an oil price crash!
Better get into CHP to balance the risk, folks! LOL

TonyR,

Hope SEO are not being too optimistic again. Only going from my own experience on projects. I'm currently 3 months into a small project (~2.5m) to install a relatively simple system to produce 12,000 tonnes pa of a granular product. We currently out-source the manufacture of the final product. The plan is to commission year end.

Although the process is small in comparison with the other products manufactured on site, and the general design and equipment is already set, dove-tailing the new process into the existing takes time and considerable effort to ensure inputs and outputs are satisfactory and in synch with existing, including enhancements to raw materials and final product storage.

The process of tailoring the MMPs to each supplier will have to be repeated, then the equipment delivery lead-times and all the other hurdles to overcome up to successful commissioning.

All pure guess as I have no idea of the size or complexity of the MMP kit. But from performance to date, a rule of thumb would be to apply a factor of 2 to SEO timescales.

I believe that the key thing from SEO's sp viewpoint is the actual order(s). OK, factor in a year rather than 6 months for commissioning. Nevertheless, the revenue can then be projected firmly and that is what is missing at the moment. Presumably, also, if it is Perseco first, then we are talking about multiple installations.

EWRobson - 05 May 2006 16:28 - 16301 of 16307
garyble: I think the error is in the date - should be 06/06/07! Well, could happen - cap. of 1 billion on back of contract with WM suppliers representing only 0.05% of their sales. Not that much really.

Eric


Given the market cap of 1 billion in June 2007, what will be the sp then?

EWR,

Looking forward to it in any event. If SEO have demonstrated that the technology works in a commercial environment and the savings are there, then its simply a matter of time.

Zscrooge,

That was in response to my comment on the misquoted sp of 125p, which would equate to a m/cap of ~1bn (sp of 1.25 x 938m shares)

So the prediction is 1.25 by June 2007.

All a bit of fun really! Interesting thing is that it could happen! Not many shares that you could make that comment about? Mind, DGT would be one such! A bit late for DEBT and DFD though perhaps 3 or 4 baggers. My best bet otherwise would be PXS - starting from a much lower base.

eric
Ramping your shares again I see stick them on drivers tips you havent paid us a visit yet.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=9585#lastread

I've just returned from a week or so away and have only now been able to catch up on the week's events, AGM, etc.

I must say I'm surprised at the generally positive way the weeks news has been received on the BB's, as although we have the usual SEO optimism for the future, the news of recent progress expected by most of us doesn't seem to have been forthcoming - in fact there has been little real progress but it would appear some steps backwards!.

From Tonyrelaxes report of the AGM (for which many thanks, Tony),

'Asked if there was to be an extension to the ASDA Exclusivity period (GS, Starpol later) because of the delays, Martin Wagner said this has now been agreed that ADSA will have 2 months Exclusivity following the first commercial installation. [There was some confusion over this that I could not fully hear] ASDA wanted the exclusivity to be able to announce they are GREEN and cant keep doing this more than once.'

This means we have gone from 2 conversions (which I must admit I previously took to be working commercial conversions) to NO commercial conversions at present. I was expecting that at least double figures would have been reached by now.

What is more worrying to me is the new clause that ASDA's exclusivity will be extended from the first commercial conversion, where no indication is given as to when the first commercial conversion will take place.

This is all very open-ended. Given that we are told the conversion problems have been solved, surely the first commercial conversion should take a matter of at most a few days, now that they have the three 'replacement' machines to use whilst the conversation is undertaken. So why the continued delays?

Also, From the RNS (AGM Statement)

a commercial installation of GREENSEAL currently being trialled at Grampian Foods near Manchester.

Am I alone in believing that all trials had been carried out succesfully in advance of ASDA's exclusivity agreement, last July? Were we ever told there would be 'trials' and then (a year later) 'commercial trials'? And if the problems have now all been solved, why the continued trials?

I believe the phrase 'commercial conversion' has only now crept into SEO's vocabulary - and that strikes me as being a little sinister.

I've seen no comments on the RNS of the 3rd May. Anyone have any comments on this - it looks on the face of it the most encouraging of any of the weeks events.



Stanelco PLC
03 May 2006




Stanelco plc ("the Company")

The Company received notification on 2 May 2006 that FMR Corp parent holding
company of Fidelity Management & Research Company (FMRCO), Fidelity Management
Trust Company (FMTC) and Fidelity International Limited (FIL) and its direct
and indirect subsidiaries, including Fidelity Investment Services Ltd (FISL),
Fidelity Gestion (FIGEST), Fidelity Investments Advisory (Korea) Limited
(FIA(K)L), Fidelity Investments Management Hong Kong) Limited (FIMHK),
Fidelity Pension Management (FPM), Fidelity Investments Japan (FIJ) and Fidelity
Investments International (FII), investment managers for various non-US
investment companies and institutional clients, are together interested in a
total of 29,348,700 ordinary shares of 0.1 pence each in the Company,
representing approximately 3.11 per cent. of the Company's issued share capital.

Why all the interest in knocking Greenseal ?, we know it's been a slow start, but Stanelco said in the AGM announcement they will make up for the shortfall.

"Over the long run we have the ability to make up any shortfall within our roll out program"

Starpol is now the most likely product to get the SP moving in the short term, and talks last week with Walmart should yeild news next week, and talks next week with Perseco should yeild news then or the week after.

Both news items should be talking 'a substantial number' of micro manufacturing units, very likely paid for 100% by Wal*Mart/Perseco, to give them the required amount of Starpol for their own use, in return for a cut of the revenues(40% to 50% ?)

"We are working with some of the world's leading organisations with a view to establishing micro manufacturing plants that will share the investment in plant and facilities while ensuring that we can expand our production capability to keep pace with customers' increasing supply needs for the Starpol range of materials"


Stanelco could be looking very quickly at 50 units in the US, with a 50% cut of the income, giving a recurring revenue stream of 100m, plus the royalty on the output from the units.

Oblo
Exclusivity-
As I said in my report, because of the loud air conditioning whirring and MW having a fairly soft voice (and possibly my advancing years) I could not hear the full debate/explanation over the exclusivity period - even though it was my question. Because of the noise, MW moved to the centre of the seating area, I was in the front row!

There must be convertions as they said WallMart had seen GS working at full speed on the production line while they were here. The full term I wrote in my notes at the time was "now to be completion of the first commercial installation plus 2 months". It may be that the Completion is deemed to be after a running period? But it would be helpful to have a clearer understanding. Perhaps some of the others at the AGM got a better sound of it and can tell us.

Fidelity-
This may have been CF3's "big buyer" of a few weeks ago - within what time limits must stakes be reported ? Also it may not be such a big purchase afterall as they could in theory have been sitting on 2.9% for ages and just topped up with 1.2m more shares.

Oh, and welcome back!

Thanks Tony.

Yes, obviously Fidelity have been building a holding over a period of time, but it is encouraging that they have increased the holding at this time.

Was anyone aware of their holding before now? They are the sort of investors that add to SEO's credibility, IMO. By far the most exciting and concrete of any of the weeks other news.


JJS,

No offence intended, honestly, but the posts and observations you are making are similar to those we were all making a year ago. I think we've all moved on since then from the 'cut and paste' and 'believe all you read' mentality. We all knew then what 'we could be looking at' - trouble is we still aren't looking at it!

JJS/CF3/PM1/GaryH

Cut n paste king. EVS LOL


BTW

I invested here on the strength of EWRobson, who seems a very reasonable and balanced poster and suggests an SP of 1.25 by June 2007.

Scrooge,

Who are the others you mention, I don't see them here ?

Not that I care if you have me confused with other posters, and we all know it's so easy to point a finger at anyone, from somewhere across the internet, please yourself !

Oblomov,

I do hope we see deals like I mentioned, coming from SEO within the next two weeks, just to give us something more solid to work with.

I cant disagree with that, JJS. Unfortunately, with SEO, two weeks has a tendency to drift into 2 years. I'm still holding, but getting increasingly less hopeful.

Tonyrelaxes,

RE - "Fidelity-
This may have been CF3's "big buyer" of a few weeks ago - within what time limits must stakes be reported ? Also it may not be such a big purchase afterall as they could in theory have been sitting on 2.9% for ages and just topped up with 1.2m more shares."


From the evidence you look very close to the truth there :)

As you can see below, Fidelity have been buying heavily since last October, an average of nearly 2m a month !!, most likely CF3 was right about the big buyer like you say.

The good points to note are that several different fund managers, not just in different offices but in several jurisdictions, have picked SEO stock for their own funds and for their own reasons, very positive in my mind.




Total held on 31 October 2005 ------- 17,996,957
Purchased since 31 October 2005 ---- 11,351,743



SEMI - ANNUAL REPORT & ACCOUNTS UNAUDITED for 31 october 2005

http://www.fidelity-international.com/docs/business_centre/common/ffsemiannualra.pdf

Funds holding Stanelco stock at the time were :-

European Smaller Companies Fund
International Fund
Fidelity Gestion Dynamique
Fidelity Section Europe
Fidelity Section Internationale
FPS Global Growth Fund
FPS Growth Fund
FPS Sterling Growth Fund
Growth & Income Fund
MoneyBuilder Europe Fund
MoneyBuilder Global Fund
Fidelity Target 2010 Euro Fund
Fidelity Target 2015 Euro Fund
Fidelity Target 2020 Euro Fund
Fidelity Target 2025 Euro Fund
Fidelity Target 2030 Euro Fund
FAWF International Fund



To find other funds that hold Stanelco stock, go here !

http://www.google.co.uk/search?hl=en&as_qdr=all&q=fund+stanelco+filetype%3Apdf&meta=