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

For those PIs who attended the AGM

How many questions were asked about the delays to Greenseal and the G/S problems? Are you confident the problems are now overcome or do you think that they might still be ongoing and if so are they surmountable in the short term? Is the rate of roll out of further G/S conversions likely to be slower than previously expected or is it a case of all problems are now understood, rectified and then back to orginal rates of conversion?

There have been one or 2 comments on BBs around the commercial viability of Greenseal and together with yesterday's Shares mag article I don't think it is helping the sp.

Bosley, I agree (your post 16672), but only "sort of". My contention is, as I believe Peter Lynch says, that you should never try to catch a falling knife. This SP is still showing no signs of bottoming out. Whether that is rational or irrational in relation to SEO's current situation or its potential is another issue altogether.

Buying for 10p may look attractive if you compare with 30p 12 months ago, or with a mooted 1 a share in a few years' time, but if you strip out the speculation and conjecture and follow the chart back to the last time there was any kind of stability, you're back to 5 or 6p. I know that a lot of news has come out since then, but that doesn't seem to be what's driving the SP movement since the peak a year ago.

Throw in a potentially choppy or negative market over the summer months and I think there's still a strong case for further downside emerging.

The danger in a disenchanted market, in the absence of substantial increases in reported revenue, is that this stock will be regarded as cheap when the market cap comes into line with other fundamentals such as net asset value. Shareholders' funds/NAV in the last report were 18.9 million. It would surprise me if large investors started buying solidly at anything over three times this; from which I deduce that a 6p share price is in sight (mkt cap for approx 940 million shares would then be 56.4 million, which some might see as generous for a company whose last reported revenue was less than 1.5 mil).

Short covering may produce some relief as somebody pointed out, but I've heard most short selling is done at the bottom rather than at the top of a down-trend. So there could be more damage to come.

Don't shoot me (yet!). I just think this stock isn't yet cheap enough for the market to start reassessing its view.

Woodie, I agree your point about possible fundraising (#16675). Current assets vs Creditors and left about 1.4 mil over - and they're still burning cash, and have longer-term liabilities to cover.

Does anyone have the gist of the Shares mag article yesterday?

Available on this website as a PDF, Oblomov. (see the button bar, there's a button, "Shares Magazine").

Time to leave the board to the SHORTERS to talk amongst themselves.
Good luck to you all.
Nothings changed re this company.
Lots of stop losses been triggerred and share price has dropped. Ho-hum, shit happens. Someone somewhere is making a profit.
I'm happy to ride out this bad spell, it won't last.

tweenie iam not short of this stock trying to help pis out with a view of what might happen in the furture.oblomov see my first post today that is near to it as you can get.

Thanks ST.

0.5p rise in the last hour - the recovery has started!

Buys exceeding sells, just caught in the crossfire me thinks like TB says

Good thing I have a meeting to attend, else I'd never get anything done.

Not sure, but probably a few factors affecting the sp in concert including an effort to trigger a tranche of SLs. Seems to have worked and could see a recovery today or another 0.25 down each day till some news.

It's got nothing to do with it I just liked the pic.

A couple of 300k's looks like baza's back in.

ohhhhh those evil shorters ......
of course it has nothing to do with seo not delivering on promises or announcing anything with 's. when the sp moves upwards on no news , everyone thinks there is good news coming up. wouldn't it be wise to be wary just in case the next rns is negative?
I can't see anything changing until there is positve news re greenseal, (preferably an rns with a bigger number than 1), or a starpol announcement with 's in.

soultraders, i know i am negative on seo at the moment but , if the sp keeps on falling, i do think there will come a point when it may be worth getting back in. i mean, they do have some potentially very lucrative irons in the fire. surely they can't piss on all of them ..... can they ?

Hey Driver, your post on ADVFN 'join us on MAM nice and relaxed with no worries where SEO are going'

You might be nice and relaxed, this is me! lol

What Driver ,nice loco "steaming ahead" ,wish the SP was.Afraid I bailed out yesterday am the best price I could get was 10.25,which with retrospect was a result.After the first REAL news,if it ever comes,there should be a spike followed by a drop,I will probably buy back then.After all its not going to 35 overnight,is it Paul?See my pal Cptn Guide has been ramping again on the other side.Bestof luck to all who still hold.

Bosley, I think we're gradually converging towards agreement. This stock does indeed have a lot of potential; I just wonder what it's going to take to turn the ship around and, importantly, when that's going to occur.

Although one should not underestimate the ability of a company's management to screw things up royally; look at Marconi.

Where's PM1/GaryH/JJS/CF3?

Is Eric on holiday?

IIs 10p looked strange some time ago. Funny old world.

oblomov
They do make you laugh on there always trying to kill each other and they would if some of them ever met.

zscrooge
Eric's on a beach see my earlier post.

zscrooge, pm1 cannot post as he is far too busy saving the day .