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

No doubt squelched! He wouldn't shut up of his own accord, would he?

Incidentally, having recorded my acquisition today, I wonder who else has averaged down?

Eric

Eric - I would love to join you - but fully committed in SEO and Chaco and MRP.

Actually - I need seo or chaco to rise just a tad tomorrow to get the cfd sharks off my back - those late buys in both seo and CHP are encouraging.

Great news. I wasn't even aware of this one. Can't understand the negative comments. MadPad?

This could be bigger than Frogpack!!!

Also on the bags from the Research Page, see Howard White's comment at the end.

37) France votes for ban on non-biodegradable bags

By Fiona Harvey in London
Published: October 14 2005 03:00 | Last updated: October 14 2005 03:00

Plastic bags could soon be passin France, following a vote by the national assembly to ban the use of non-biodegradable plastics in bags and packaging by 2010.

The bags have already become a rarer sight in the country, as a government initiative to reduce their use prompted a 20 per cent reduction in the number distributed in 2004.

France is following the example set by countries such as Ireland, which imposed a 15 cent (10p) levy on the bags in 2002, as well as South Africa, Rwanda and some Indian states, which have banned certain forms of bags.

In all these places, the number of bags used and found as litter dropped markedly.

Though plastic bags are routinely given out by supermarkets and shops, they do not naturally break down in the environment and can stay intact in landfill for an estimated 400 years. They also pose a threat to marine life and birds, which may choke on the bags or become trapped or entangled in them.

In the UK alone, shoppers use about 8bn plastic bags a year, the vast majority of which end up in landfill.

Forms of plastic bag that do break down in the environment have been available for years, but are not widely used because they are more expensive than conventional bags. However, the rising price of oil has made most forms of plastic dearer.

Howard White, managing director of Stanelco, which makes a biodegradable form of bag, said: "This is a way of being responsible to the environment while also saving millions of barrels of oil, and now is the time for action. Only legislation can make this happen."

In France, the ban has an extra dimension. The national assembly voted through the ban earlier this week as part of a series of measures on agriculture.

One green alternative to plastic made from petrochemicals is to make the bags from starch, which French legislators believe could provide a boost to the farming sector.

More countries may institute controls on plastic bags in the near future. In Germany, some legislators have been considering such a move, while a levy on the bags has been mooted by the Scottish National Executive

The approximate number of plastic bags consumed this year:
199,040,903,303 .

If you go onto the link it will show you a running figure of plastic bags.
It's amazing how many we use by the minute.

http://www.degradable.net/

In simple terms it appears degradable bags refers to plastic based with additives added to encourage degradation. Biogradeable appears to mean, made of total biodegradable substances, IE natural. ( Got a Z minus in science... bet you have never heard of that one....so any boffins out there, don't shoot me down ).

An A* for you GM!
kim

Cheers

Greekman - if thats an approximate estimeate - I would hate to see what happens when you start providing accurate figures !!!!

Just for fun

The figure was wrong - I used one when no-one was watching!

So would I.

There appears to be some confusion and a few social barriers to overcome with regard to biobags:
http://www.naturalmatters.net/article.asp?article=418&cat=12

"Biodegradable bags have been touted as the solution by some. Tesco's spokesperson informed me that all of its shopping bags will be biodegradable by the end of the year. These new bags will begin to degrade after just 60 days. No more unsightly bags flapping on overhead wires then. It sounds like the perfect solution but, again, INCPEN and Friends of the Earth are in agreement. "Biodegradable bags are made from polythene and starch," says Friends of the Earth. "When the bag is buried after being thrown away, the starch molecules in among the polythene are broken down by bacteria. The bag, therefore, disintegrates, but the polythene does not decompose. Some retailers use them to project a "green" image for their company"

It appears that certain key people need to be made aware of the differing biomaterials available as the perception appears to be that they're based on petro-plastics.

Not sure if Tesco used the term "degradable" or "biodegradable" but as mentioned earlier there is a difference:

Degradable Bags

Bags that can be broken down by chemical or biological processes are described as degradable. Intuitively, degradable bags are expected to be environmentally friendly and a number of retailers are actively pursuing this option. Thus, there is often some surprise when reports suggest that degradable bags are not such an 'environmentally friendly' option. Waste management protocols emphasise the need to prevent, reduce, reuse, recycle and then recover energy. Encouraging disposal via degradation runs counter to this approach.

It can also be difficult to agree whether a particular type of bag is degradable or not. This could become significant if biodegradable bags were to be exempt from the levy.

Types of degradable bags

There are two main kinds of degradable bags 6.

Biodegradable bags are made from natural starch sources such as maize and synthetic polyesters that degrade through the enzymatic action of micro-organisms (bacteria, fungi and algae), essentially rotting down like vegetable matter. However, starch-based biodegradable carrier bags are not available in significant numbers in the UK. They would only be covered by a potential levy on plastic carrier bags if they contained some plastic (some do for bag-strengthening reasons).

Bioerodable bags are made from synthetic plastics (oil-based) with trace degradation initiators ( HDPE with an approximately 3% content of heavy metals such as manganese and iron 7) and, as such, would be covered by a plastic bags levy. They bioerode primarily by oxidation and erosion of the plastic through the action of light and heat until very small particles of plastic remain (these often degrade biologically). It is reported that, in an anaerobic environment, the degradation process is halted for some types of bioerodable bags [ RMIT, Symphony Plastic Technologies].

From: http://www.scotland.gov.uk/Publications/2005/08/1993154/31585

Garyble,

As I understand it some so called biodegradable bags do contain oil based products, but these are or should be called degradable bags. A true biodegradable bag should be made fron 100% natural sources.

This is taken from the BIOBAG web site.

BioBag is proud to be the best selling brand of certified 100% biodegradable and 100% compostable bags
No polyethylene is used in the production of BioBags.
BioBags will decompose in a controlled composting environment in 10-45 days, leaving no harmful residues behind.

Note the comment...No polyethylene, which I presume is similar the polythene.

So it appears some companies do stick to the rules, as I am sure SEO biodegradable products do.

Greekman,

Agreed. The distinction is clear. There is the general term of "degradable" which covers both types. Then Biodegradable for those made from natural starches and synthetic polyesters, finally Bioerodable for those made from oil-based plastics with additives to promote breakdown.

Dont/wont these bags cause problems for the retailer? Imagine an ASDA store over orders and the bags are left lying around in the storerooms past the time they begin to break down. You go to the store, fill you back with groceries and the bag disintegrates in the car park spilling your shopping.

What I mean is, do they deteriorate past a certain time or do they only start to bio-degrade when introduced to the right conditions, i.e. a land-fill site or compost bin?

Oblomov,

When these first came out, I think it was Asda that tried them, I used one by mistake to cover a box in my garage. About 5 to 6 months later, it had fallen to bits as if it had been attacked by moths. It wasn't till that happened I found out that it was biodegradable.

Found on Webwire.

Tesco
5/26/2006 10:56:50 AM

May 26, 2006

Tesco today announced it will become the first UK retailer to move significant volumes of product from road to rail when it introduces purpose-built green trains.

( I know they can mold Greanseal into any shape, but!!!! ).

Seriously though it does show how they are heading for as being as green as possible.

Virtually no sells today.

Earlier this month Fidelity announced a holding in SEO of just over 3%. Today there is an article on a rare speech by Anthony Bolton, described as Britain's most successful fund manager over the last 25 years. There is a graph showing how pe's on growth and value shares have merged to a ratio of 1.5 compared to a long term average of 2.3 and a peak of 4. Bolton's view is that this ratio will grow. Where he has scored over the years is essentially in stock-picking. I note that his holdings in AZM and ASC, two favourites of mine, are over 10%. So it is positive to see Fidelity taking a stake in SEO; on past record they will grow this to 10%+.

Solid end to the week although volumes not large; selling almost completely absent as oblo points out. This suggess that the steam of selling has dampened down and we should get some steady buying next week ahead of the interims; not that the financials will be that significant but it is the end of a closed period and there could be a positive update.

Eric