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Not a bad end to the day and it Snowed.

The 38million was placed with KBC Peel Hunt, (House broker & Market Maker).
They may have taken the stock on knowing full well that they would then be able
to sell them higher on the back of the Asda RNS.

FP - Thank you - did not realise they could do that. Does that mean we will never know when the whole 38m has been successfully disposed off?

As 38million is more than 3% of the issued shares then they would have to declare it.

FP - Do you know for sure if the whole 38 million was placed WITH KBCPH or were xome placed BY them with other institutions? In which case we would not necessarily be aware of how much was disposed of.

SD

Thought they had to dispose of them by February 25?

Not a bad day. The SP has recovered most of the loss from last week. I agree with Andy S regarding the support level of 13p, but hope we never see it again. Glad to see we have some positive postings rather than all the negative rubbish we saw when people panicked lat week. Roll on 20p, then 50p and then 150p.

stockdog
No, can't be sure, KB may have aquired them for a client. But I suspect not.
This would have been easy money for them.
Only know for sure what was said in the RNS.

Paulo2
The shares were to be admitted between the 15th and the 25th.
So, it is possible that they may not have been admitted yet.

The key points from the RNS re the placing are: (1) "The Board is pleased to announcce the placing by KBC Peel HUnt (brokers to SEO) of 38M ord. shares at a price of 12.825p pershare ro raise approximately... 4.7m after expenses; (2) we then get the normal clause re application to be admitted to the official list; (3) Admission of the New Ordinary Shares is expected to become effective on 15 Feb... (4) "The Placing is conditional upon the Placing Agreement between Peel Hunt and the Company having become unconditional in all respects and not having been terminated prior to Admission of the New Ordinary Shares, and admission of the New Ordinary Shares becoming effective by 15 Feb or such later date (not being later than 25 Feb) as the Company an KBC Peel Hunt may agree".

Effectively, KBC Peel Hunt are acting as broker to place the shares in the market. The clauses allow that they might fail but, given that more than this amount have been sold directly in the market in the interim at higher prices, that is a non-starter. Presumably there will be an RNS during this week to confirm that they have been sold. Not an issue. Not sure why it has been brought up. The purchasers are presumably institutional investors: no barrier to their sale as with any other shares. Not a big problem so no problems of overhang.

Eric

filthypoor. i dont see anyone getting excited by the prelims. they WILL be shit. with the prelims there MAY be an announcement, a possible deal. thats exciting. the announcement may come later. still exciting. asda and other supermarkets are wanting to do business with seo. thats exciting. seo look like a company thats at the start of a very nice story. thats exciting. they have other irons in the fire, starch trays, exciting, frogpack, exciting. there are many exciting things causing much excitement about this exciting company. i am excited . so are many others. last week you were very dour and predicted 6.5p. just out of curiosity, do you hold? do you wish you had bought in at 6.5p and are now wishing they would go back to that? or do you like things to be a 101% surefire thing before you part with cash? im not having a go at you , its just i dont understand where you are coming from.

There has been no RNS stating that they have been admitted - would there normally be one? I think so, but may be wrong. In which case there is that relatively minor overhang still to come.

I thing the main sell-offs we have seen recently have been other earlier placee holders tactically reducing their holdings prior to the results on the buy on promise sell on result theory.

I am not sure that what we are talking about will have much more immediate effect on the SP - much more significant are the results themseles and any trading update of the current/future year - e.g. the ASDA contract

SD

anyway, evening all. good start to the week. blue is blue , doesnt matter the size of the rise. just had a look at the daily chart and see that we had a go at clearing 17p again. not today.

Hi bos! Nice day for SEO, helping to make up for the cold weather. Really good Rioja inside now and feeling good. Don't expect anything dramatic this week. Still plenty of people trying to buy in; price rises but that brings out some profit taking. Ridden the storm in a teacup from last week and has proved, to a reasonable extent, a support level. Prelims don't mean much but hope for some figures on number of machines on order. Would also like to know what price is being achieved and royalties accepted. Just a bit of flesh on the bones that we have. Then the ASDA deal should not be far away. 10/1 upside to downside on the shares we have which is a nice ratio (50p to 12.5p). I'll have another one to that!

Eric

Hello all, a good two days really, bounce on Friday and holding up well today.
What to do with results/cc, could go either way with both dependant upon what else is announced so I guess you either want to be in SEO or not, 13p-16p won't matter when this is past 50p and marching to 100p within 6-12months.
You could always halve your load, buy some now, if it drops, don't panic but average down like I did last year, if it rises so what, your confidence will be higher. You could just buy, sit back and be contented to be in at the start (almost) of something that could be very big over the next 2-3years. Go on, you know it makes sense my son. I personally have a good amount for my wallet at 4p-6p BUT I intend having just a few more, after all if in Shares Mag or IC this week you see a share at 15p tipped to go past 50p you'd have some.

andysmith Good thinking. How much overweight are you - not saying you're a bruiser like bos but refering to the % weighting of SEO? Have to be somewhat more cautious with CFDs, although I could reduce a wee bit if the sp is much ahead on Friday, say 18p.

Eric

Currently 32% of my original funds invested in SEO but 40% of my current portfolio. Would have been higher but also had some good runs with other shares as well, have been lucky that way so far in 2005, unlike 2004!!
Maybe you would have expected me to be >40% considering the run of SEO but as I said I have been lucky elsewhere and am 55% up on my original funds and thats after being almost 10% down last year. Am I dreaming this???

andysmith

That's super. Difficult for me to quote a comparable figure as I have a mix of shares (in my wife's name) and CFDs. Weight about the same as yours. With CFDs I am investing the margin in other shares as I go along which keeps the SEO total down - NLR has been the only real performer; nice big rises but not as good % -wise. Funny, just come from the YOO thread where I've written to you, primarily to provide a distraction from those slugging it out!

Eric

bos, andy

Been enjoying myself over on the YOO thread - I think it must be this new Rioja. I've got a case of it - promise I'm still on the first bottle. Good vintage for our SEO 50p celebrations!

Eric

Morning all - its a white day in Surrey

Looking forward to a blue day in the sky as well as the screen.

morning all. eric, how's your head this morning? sounds like you had a bit of a party last night.only one bottle of rioja??? as for overweight......cheeky monkey!!!!
anyway, we are off and we are blue.