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

Ptholden,
I think Haystacks post 17792, I fairly acurate.
1st part. "The support comes from a time when there was optimism and prospects. It had been stagnant for a long time before that and a lot lower previous to then".
Can't see anything wrong with that statement.

2nd part. "It is difficult to see where any optimism could come from now. Market sentiment seems firmly against them now".
Agree with the bit re market sentiment but I still see an optomistic view. But before anyone states that I am blindly following the company, as said earlier, they will have to produce soon as we can't live on prospects forever, no matter how good the products look in the pipeline.

greekman

The support was established before optimism and prospects of the new range of products became widely recognised, mid 2003; a long time before most people had even heard of SEO on this board, the majority of whom probably jumped on board at the beginning of last year. I agreed with the remainder.

pth

ptholden
'Jeez, how the f**k can you disregard the finanical situation'

I've been in for 2.5 years now and was never attracted to invest because of the financial situation at the time I invested - no investors have, because the financial situation has never been good.

All investors came on board because of the potential, which still remains. The interims affected the SP , the current stock market fall affected the SP - but neither affected the potential.

obo

What attratced most PIs to this share was the hyped potential and promise of orders by SEO. How many people sat and calculated what 100, 200 or 1000 Greenseal machines would be worth? Or at the very least were happy to read of those who did. In the early stages SEO had a negligble turnover and relatively small losses, now they have a negligabble turnover and massive unsustainable losses. The financial situation has all of a sudden become very important.

I keep saying that I agree the potential is still there, the products haven't gone away, but the situation is far from rosy, ask all those investors / punters that have lost a pile on hyped RNSs. You are one of the lucky ones who probably hasn't lost a bean, others have not been so fortunate.

pth

Ive lost LOADssss of money!!!!!!

Might start averaging down soon nothing to lose Ive pulled most of my hair out already.

Ptholden,
I take your point. It obviously depends if you are only looking at 1 support level, (the bottom) or several support levels as the sp has drifted from it's lowest to it's highest point, and back again.
The comment...."I keep saying that I agree the potential is still there, the products haven't gone away, but the situation is far from rosy".......I do agree with. If this was a horse race with SEO as an each way bet, I would still keep my money on it.
The Grand National springs to mind. I feel SEO only have a couple of fences left to jump, but in last years race, the horse I backed fell with 2 to go. Not the best analogy, but it's the best I can do.

I 1st got in at 15p now bought a load more and averaged down, if it makes 15p again at least I make a few hundred profit. May hold long term but need convincing.

Yes, I'm pi$$ed off with the sp and the interims. And the delays come to that.
I tend to agree that the portfolio of products still has just the same potential, but I am less concerned than others about the financial situation.
We know that Asda (and by extension WM) are still keen and after exclusivity. These guys are not mugs. they will have checked SEO's ability to fulfil any contract long, long ago. If they had the slightest doubt, they would have pulled the plug there and then instead of wasting a small fortune pursuing negotiations that were going nowhere.
Unhappy, but sitting tight.
Buy some more and average down? no way. Sell? Same answer.
Alan

ptholden,

'You are one of the lucky ones who probably hasn't lost a bean'

I'm around 25,000 down on SEO at the moment - I could buy quite a few beans for that! lol

obo,

sorry to hear that :-(

As I am for anyone else with realised or potential losses (errr, including me!!)

But that's life :-) It's only money when all said and done.

pth

pth,

I'm not worried yet - its not over till the



sings - and I cant hear her singing yet!

Hey, Oblo, I can assure you that PTH has suffered big-time on Stanelco. But he took it gracefully and was hardly mentioned when we played golf the following day (in 2005). Sadly I did not learn from Peter's experience nor did I heed his advice. Hence my losses are mid-way between yours and his - which, like a complete t****r, I had not planned for. But life goes on...

Why do people average down on a stock that is falling so fast. It is very dangerous and somewhat pointless. Why not buy another stock that you think has more potential. The effect is the same except all your eggs are not in one basket so you have spread the risk.

The biggest thing that's worrying me is if they have to raise new finance via another placing, to raise any serious amount of money they would have to issue millions of shares at the current price, that's gonne dilute everyone's share holding to the point where if Stanelco do become profitable they are gonna have to sell S**t loads to bump the share price up to anything like the dizzy height of 30p. If they need more funds I only hope they think of us shareholders and go down the loan route or bonds. I've had major losses also on this share but am prepared to hold but if there's another placing I'm gonna dump ASAP.

Haystack
There is nothing dangerous about averaging down they are not real knives you are trying to ketch just money you might be throwing away on the other hand it could give you a heart attack at some point so are half right. Averaging down is a good way of getting your money back quicker as long as you get the bottom right.

Looks like nothings changed and SEO's management are still spurting the same old......

"Chief executive Martin Wagner said: 'The board is concentrating its efforts on converting opportunities into commercial contracts. It is confident that the strengthened management team will bring expertise, energy and commitment to meet these challenges.

'We have developed strong partnerships and key relationships with leading organisations'

The company said being selected by Wal Mart to be involved in its Sustainable Value Network provides it with an excellent platform from which to explore the future packaging requirements for retailers."

Lets hope the Sustainable Value Network isn't WalMarts take off of Tescos Value, if so you can be sure all profit has been squeezed from manufatures to make the product consumer cheap!!

i like many am now sitting on a loss re this share.
I'm a lazy/greedy investor and I have nobody to blame but myself for the predicament I find myself in.
Should I sell at a loss.
errrm NO , i still believe in the products , and believed it would be a long term investment...so although unhappy with sp am happy to hold and see what 'jam tomorrow' brings.
unless the company goes bust-which I can't see, I have'nt really lost anything until I sell, if i believe in the company's potential.

i think the company is due the share holders some true facts at the agm loads of jam tomorrow.now sorry no bread left come on bad news or good lets have it

some of the comments are not justified. I have lost over 150k in seo and feel the pain, but anyone who invests in companies that are bringing a new product to market must be dreaming if they expected no delays or hiccups. Asda are still 100% behind GS and will push the major suppliers to implement GS. And if they are demanding rigorous testing then i am not surprised, as they are paying for the machines. Mr Duggan states that there are no problems currently with GS and they are running perfectly in testing and all previous issues have been resolved, so i see that as a positive. When i mentioned WM,Perseco and macd's, he said they did not want to repeat old news which they could not update, so did not mention it. Yet a lot of investors are demanding to know why certain items were missed out. Yes the funding is definately an issue, and i would like the directors to buy stock, to show confidence to its shareholders. The Asda statement will have to be clarified next week as the exclusivity runs out on the 27th, and no doubt will be extended. By the way,rang seo to speak to mr Wagner, but he had returned from his holiday with food poisoning!

"...150k"!! Do you really mean GBSterling or Volume (above), Ssanebs?

Jeez, and I thought I was having a bad day - I don't feel too bad now!!!!!