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

pity us small investors who dont understand the finer workings of shares viz the erudites on this site. I return to my previous comments - as a layman in essence what has changed about this company and its products?
ps the website team may be on holiday... :-)

They are very incompetent,Greek, I think most of us recognise that by now!

But there are many large and succesful companies being run by incompetent people - incompetence doesn't necessarily = total failure. I hope!

Shares mag advise shorting this stock yesterday and it survived that poke in the eye tolerably well. I would hope that the mgt already know where they are getting further funds from; perhaps a loan from somewhere like Asda since they share some of the responsibility for the late Greenseal roll-out. Whatever they are doing, the impression at the company is not one of panic (which would have been understandable in the circumstances)

'Morning all

Just thought I might be worthwhile me repeating part of my post 19138 concerning a possibility surrounding the fund raising.


"It is my opinion that good times are just around the corner and that there is a strong possibility that one or more big contracts are within the grasp of SEO that will be a watershed in the company's history. The recent RNS mentioned two letters of intent; my sources indicated that there was one. If these events come to pass, the present share price will be history.

Now I am not guaranteeing anything in saying that, there is always a (slight) possibility of an unexpected hiccup in the development of negotiations, but I am very comfortable with my holding. I shall not be adding any more until this expected good news transpires.

Whilst writing this, it has just occurred to me, that it could happen that a contract might be announced before the fund raising exercise gets going. If this turns out to be the case, then the company will not have to issue as many shares as has been intimated on here during the past two days - assuming that that is the route they take - because the price will have risen appreciably from these levels."

What was in the back of my mind when writing the above para., was that the company will have known what effect their fundraising announcement would have on the share price and that they would have to issue many more shares - 100m at 2.5-3.0p would only raise 2.5m but really piss the PIs off big time because of the dilution of their holdings. And if they are going to rely on PIs then they have to be kept sweet and on board.

Another thought. If they are going to announce a contract with beefy figures attached and a clear sign of profits within 12-18 months, then the institutions they tapped up last time, will definitely be very interested in investing more.

Who knows??

Answers on the back of a postage stamp please.

The oily one

Oily, Agree that this seems to be through the worst now, unless you believe the IP is worth nothing and they fold. I do think that there may always be a value to a competitor, so the odds are building in favour of this sp rising rather than falling. It would take a strong constitution for punters to take Shares mag advice and short it at this level; that mag. has a habit of getting it wrong nowadays anyway.

Todays IC page 10,IC view "...Stanelco is now facing financial distress...At 3.9p,the shares are a sell".Who managed to get hold of this yesterday?

If anyone is emailing Martin Wagner in the immediate future, could they please include this link - he may find it useful!

http://www.asdafinance.com/homeowner-loans.html

Paradoxically they really need good news to push any funding option but the good news lessens or cancels the need for funding.

A Rights Issue would silence cries of dilution as it gives all PIs the same % as previously, if they take them up.

Consider this:

If Isoft can obtain finance with the mess they are in - Stanelco have no rpoblem.

Also remember Minorplanet - there's another.

So keep the faith.

Oily.
it's the point I made several dozen pages back. I too believe a corner is about to be turned. I've heard it off too many people in this business and seen the evidence first hand now. So imagine my surprise/anger when i saw the RNS about funding and the drop in SP. I saw this as a blow for the PI's and a buying oppotunity for business. I would like to believe as deal will be in place before any dilution. But I won't hold my breath.
Either way, I'm still holding, If it all comes off I think theres going to be a lot of people pissed off at seo and the way they have handled this.

On this question of finance, finance will be forthcoming if the prospects of deals is good. You either believe the prospects of deals is good or you dont. If you do, no problem - finance will be forthcoming and all will be hunky dory. If you dont, you may as well sell up now.

As it appears from the posts here that most are staying in, I would say most are optimistic that some good deals are in the offing.

It seems to me an appripriate funding solution would be an issue of convertible (redeemable) preference shares with a highish coupon (7.5-8.5%?) convertible at say 5p - or even 8p (the last issue price of shares). This should give all concerned (company, new investors and existing investors) what they want.

By the way, well done TFC - not so much "I told you so" as "I told you not to be so greedy". How like the French to kick men when they are down!

yours

chien d'actions

At least there is blue on the screen at last.
I bought SEO at 6/12/15 and 21p after reading about the company in Shares Mag.
Why have they waited till the price crashed from 30p to under 4p to tell us to "sell", does'nt give you a lot of faith does it?
Come on SEO, make em look silly and reward us faithful - or nutters lol

well , Call me stupid. (i've got a thick skin0.
i could'nt resist the price and dipped in, again, to average down price.
God I hope (for once) my timeings right.
i think a deal, a big promise, a rise and then possibly a placeing.
otherwise:
A kick up the arse from wife, a big sulk, depresssion and drink, lots of overtime and no holiday to disneyland for the kids.
lol

Al, I think your post 19343 talks a lot of sense - even if one can't predict exactly what's going to happen it has an air of level-headedness about it.

WaveyDavey, Your post 19342 on the other hand reminds me of all those people who lost a fortune in the dotcom boom and bust. "Even with all their problems, I can't see why they have dropped so drastically." ???!!!

Read the interim results - the company has net assets of 18 million and very little income, plus apparently endless problems getting its products to market. In spite of this it still commands a market cap of 35 mil, or twice its net asset value. It was heavily overbought, but has now lost credibility with investors, in spite of what I agree is a possibly bright future ahead of it if it can sort out its problems. The stock is now in the process of being sold off in a panic, hence the drop in value. You may think that the selling is now overdone, but there's no reason why it couldn't go further given the negative sentiment.

As The French Connection points out, you need to stay in touch with the fundamentals and have some idea of what the company is worth, otherwise a stock like this could cost you a lot of money.

I don't mean to give offence, and hope none has been taken - after all WDIK so please make up your own mind. Definitely agree with your wait-and-see policy.

st.
I think the major obstacles have been overcome- re-getting products to market. if everything that me and others are hearing comes to past (within next month) then all this will be forgotten.
As always DYOR. I've had plenty of practice wipeing egg off my face.
LOL

I don't mean to rain on anyone's parade if they're thinking of buying today (apologies to Tweenie re his last-but-one post), but is it not plausible, as far as the smart money is concerned, that today's modest tick-up is the result of people covering their short positions after the 33% drop of the last couple of weeks, rather than the all-out screaming "buy" signal that so many are hoping for? Even if the timing of the tick-up is such that it appears to contradict the "sell" advice given by all the mags, I'm not convinced it's an indication of an imminent grabfest for contrarians.

I'm with Alan - sub 3p is very likely, possibly 2.5 is on the cards.

Tweenie, I hope so - somehow though I think there will be plenty of opportunity to get in when good news is announced. Or is it going to go ten-bagger overnight and I'll be left having to read "told you so" posted 20,000 times on this thread?

I think 10p would be a start.
LOL
(I would never dream of gloating) -- well not on this bb anyway :-)))))))))

tweenie

There are some who would say that SEO is Disneyland!!

Lol(ling about)

The oily one