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

Thanks Alan
As Boycott would say- a safe pair of hands.
You never tell us how many runs you score, or wickets taken! or if you have ever bowled a "maiden over!"
Cheers Gary

Taken from HMRC (www.hmrc.gov.uk/shareschemes/emi-new-guidance.htm):

This section explains the income tax and National Insurance contributions (NICs) treatment of EMI options. It includes details of charges that may arise when:

the option price is less than market value of the shares when they are granted
the shares under option are free, or
there is a disqualifying event.

Disqualifying events

A number of changes or developments can disqualify an option from EMI relief. These are called disqualifying events. A disqualifying event restricts tax relief.

The following are disqualifying events:

loss of independence
the company no longer meets the trading activities requirement
the employee is no longer eligible
changes to the terms of the option
alteration to the share capital of the company
a conversion of shares or
grant of a CSOP option that takes the option holder over the 100,000 limit.

The employee is no longer eligible

There will be a disqualifying event if an employee who has been granted the EMI option no longer meets the employment requirements set out. There will also be a disqualifying event if the hours committed are not actually worked. (S535 ITEPA 2003).

Example

Disqualifying event tax charge where option is granted at market value

A is granted an option to acquire 1,000 shares.
The market value of each share at the date of grant is 5. The exercise price is 5.
The market value of a share immediately before a disqualifying event is 9.
The market value on the date of exercise is 25.
The taxable amount is limited to the growth in value after the disqualifying event (25 - 9) x 1,000 = 16,000.

Al or anyone
Just got back the sp hasnt moved much so the news couldnt have been that exciting, can you fill me in one sentence with out me falling asleep reading all the previous, cheers.

no, driver, you've got to read all the previous posts. :)

I did warn you.

Beunos Dias, Driver.
Lots and lots of fighting (always good to wind away the hours) and we won at cricket (I scored 26, gary).
Oh and SEO.
Share issue (Aquasol consideration) and 2.3million options purchased.
terry Robbins gone.
Several sources confirm GS machine in a large north west salad producer and Yorkshire Fresh Produce and perhaps one other and that Asda will be stocking GS slads from early September. Asda management appear more switched on to Starpol than GS. Asda management have announced that produce from UK farms will no longer be collected from individual farms and centrally packaged and distributed, but small groups of 3 or 4 farms will collect themselves to one farm, where they will package and deliver directly to local stores to cut down on road miles.
Other news;
I'm an arse with a fertile imagination and we have a new king. A local paper boy who pulled a sword from a stone or something. No big deal that. Find me the guy who put a sword in a stone. That is king material.
Welcome back.
Alan

Tweenie I wasn't referring to you but those other Muppets.For what its worth I have a feeling this could be a buying opportunity now,just a gut feel,wouldn't want to miss out.

Just browsing the SEO website and the biodegradable airbag page is unavailable. Just a note to say it is being upgraded.
Anyone know if it has been this way for ages (as is SEO's way) or is it recent?
Alan

Al
Cheers for the summary, should see a pound by xmas then.

That depends on how many shares you've got Driver.
You did mean 1 entire holding didn't you?
;-)

Alan,

can you give me a bit of clarification on

'Asda management have announced that produce from UK farms will no longer be collected from individual farms and centrally packaged and distributed, but small groups of 3 or 4 farms will collect themselves to one farm, where they will package and deliver directly to local stores to cut down on road miles.'

in your post above, please? Maybe I missed something. When did ASDA announce it? I dont understand how the farms will package the goods themselves - does this mean we're looking at installations of Greenseal in every 3rd or forth farm? Surely farms are not going to double as packhouses. Sounds a bit like a PM1-ism!

Hi Oblo,
Go to www.asda.co.uk and enter the press centre.
It was announced yesterday, and yes the farm collectives will package it themselves.
Its Asda's press release, not mine.
Alan

Save you the trouble.
reproduced below;

In a bid to cut food miles even further, ASDA announced today (Monday 14th August) a group of farmers will start delivering their produce direct to its stores, rather than sending it via one of its distribution centres hundreds of miles away.

The trial in Cornwall is set to save 6,000 road miles a month but has the potential, if rolled out across the UK, to save a further three million road miles a year.

The latest pilot scheme follows a series of measures introduced by the supermarket to cut its carbon emissions, including switching to bio-diesel and moving more freight by train. ASDA has committed to reduce its carbon emissions by 80,000 tonnes a year by 20071.

Initially three farms will take part in the two month pilot scheme, supplying their local ASDA stores with strawberries, potatoes, cabbages, cauliflower, broccoli, leeks and curly kale. All of the produce will be clearly labelled 'Produce of Cornwall'.

Each of the participating farmers will deliver their produce into one farm near Hayle in Cornwall, where the owner, local strawberry grower Neil Hosking, will then pack and transport it onto ASDA stores in Falmouth, St Austell, Bodmin and Plymouth.

At present, all of their produce is collected by lorry and transported to an ASDA depot in Bristol 140 miles away before it is driven back down the motorway to stores in Cornwall and Devon.

Chris Brown, ASDA's head of ethical and sustainable sourcing said: "We are committed to cutting the number of miles our food travels before it reaches our stores.

"Rather than send it up the motorway, our farmers in Cornwall will deliver it direct to their local stores. That way we can ensure our fruit and veg is as fresh as possible, and we'll minimise the impact on the environment."

Eighty ASDA stores across Britain already receive direct deliveries of locally produced strawberries during the British growing season. The scheme was first launched in Kent five years ago but has since been rolled out to Yorkshire, Scotland, West Midlands and the West Country and Cornwall. As a result sales of locally produced strawberries are up 48 per cent this year at ASDA.

This year locally grown plums are also being delivered direct to 22 ASDA stores in the Vale of Evesham and in Kent. The supermarket will also be selling locally produced Kentish cobnuts from the end of August in its stores in the region2.

The next local food range to launch at the supermarket it called 'Locally produced in Sussex'. From 15th September five ASDA stores across the region will start selling more than 60 local food products to their customers.

ENDS

Alan,

Re the biodegradable airbag page.
I looked through all their products on Fri am last and I am certain that this product item was up and running so unless anyone knows different, it has only been down re update since then.

Dave

Biodegradable shopping bags are now placed 2nd in favour of reuseable bags , , in Tesco they are offering customers extra club card points to people who use them.

Sainsburys tried something similar 6 or 7 years ago by giving people 1p for each bag they brought back and reused. They gave it up after 2 or 3 years because the public were just not doing so in sufficient numbers.

(Aldwickk - I spent much of my youth on the Bay Estate - even went to Shippams events a few times!)

Similar but not very similar, Sainsburys scheme seems to have been a lot of hassle all round , Tesco's scheme only needs the bar code swiped, i should imagine.

Bar code swiped and someone monitoring it and counting the actual bags. All takes time = money.
How will they do it on the self service check outs? Agreed not large sums involved so they could be diddled by kids looking for sweets money and consider it a fair price for the green publicity.

In fact, the carrier bag debate is a little odd.
For years we have assumed that people get home, empty the bags and throw them away. I was reading research the other day that suggested almost all carrier bags are recycled in some fashion. Many are used for long term storage in garages, sheds and cellars, some high quality ones are used for transporting swimming kit etc. for kids, or pe kit for school,or even as a cheap pooper scooper by dog owners, but the vast majority are used by people as bin liners, rather than buying them!
This is why the idea of reusing them has failed to work. there is still an issue, that using them as bin liners means they end up in landfill, where they sit around for years, before breaking down into their constituent parts and contaminating the soil.
This is why there is a push to biodegradability.
alan

Thanks Alan.

'strawberries, potatoes, cabbages, cauliflower, broccoli, leeks and curly kale'

'At present, all of their produce is collected by lorry and transported to an ASDA depot in Bristol 140 miles away '

Any thoughts on whether this has any bearing on SEO,Greenseal, etc. and the packhouses?

It implies that a certain amount of packaging is being done by ASDA at their stores and that the packaging will be done by farmers in future. I thought salads we being trialled by SEO and due to hit ASDA stores in Sept. (see Alans posts).

How can the farmers package without packaging machinery? Obviously they cant, so is this part of a plan to arm farmers with Mondini/SEO machines and cut out some of the pack house packaging?