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

Green bin friendly??
That reads to me that not only will the plastic be biodegradable, but the packaging must be Greenseal to avoid the glues or PE layer that would make it non-friendly.
Heres hoping.
Alan

Another little bit in, http://packagingnews.co.uk/newsproducts.php?category=Industry+News

bought in today...can't see 2p happening...been told to buy in big by a well informed guy

Thanks Patisear good article but this is more SEO spin; I think the crucial difference with Alan's email and the news article I found are that they are coming from Asda directly and this is different from the bull we have had from SEO over the years.

Before Beavis and Butthead point it out, neither post mentions SEO in any way at all. Neither does it have anything to say about SEO's finance. We must read between the lines for that, and reading between the lines leaves us all open to mistakes.
My take is this;
Asda have never announced, to my knowledge, co-operation with any other supplier of any biodegradable materials. I did say several weeks ago that my imaginary friend had said Asda were more turned on by the biodegradable, than by the machines. Even though, if Asda are sourcing their materials elsewhere, they will need GS to keep it ready for the green wheelie bin. If this is so, then its a winning situation for SEO wherever they source the packaging from.
On the financial aspects, SEO must have been able to convince both Asda and WM that they were here to stay, during their process of due diligence. It beggars belief that Asda would announce plans for 6 months hence with a business facing extinction.
Further, the idea of next March is for all their own brand goods. That should mean a fairly rapid roll out of GS, as there must be an awful lot of machines packaging for Asda.
I can't find the bad news here, but I'm sure someone will be kind enough to furnish me with it.
Alan

Driver - thanks, I keep watching! Might still take some convincing though.

"people do not have vision thats why the price is low,says one" . . .

reminds me of that incredible line of a few weeks bacK: "The reason the share price fell is because other investors are not as clever as we are."

I have no idea how clever I am (although today's jump on SOLA means that I am finally allowed to stop attending remedial reading classes!), but am still considering whether to jump in here. Not till the SP stops skidding though!

BTW did somebody ask about an institutional shareholders' breakdown? Here's the list of major players, according to TDWaterhouse (no responsibility accepted for content, etc):

Stanelco PLC
Major Shareholders

Shares in issue: 996.3m 0.1p Ords
Major Shareholders Amount % Holding
Age of Reason Foundation 217,078,122 23.12
Richards & Appleby Ltd 73,371,681 7.82
Barclayshare Nominees Ltd 60,892,255 6.49
Waterhouse Nominees Ltd 35,969,831 3.83
L R Nominees Ltd 31,507,514 3.36
FMR CORP and Fidelity Int Ltd 29,348,700 3.11

Other Directors Amount % Holding
Philip Albert Lovegrove 4,577,083 0.488
Ian H Balchin 1,640,000 0.175



= Director

soul traders
Thanks.

oilywag... sorry, missed your 'intrigued post'
Not SOUTHAMPTON, all can say is ROBIN knows best.
:-) happy to hold.

cost me a few favours and lots of grovelling, but worth it.

so tweenie there is still a good chance of this turning around!

sellsell
5 to 10 bagger from here at least.

hi Driver, hope you are right, my avg is around 8p. really need this to recover!
good luck

Post 19912 on 16/09;

The other news is my imaginary friend has confirmed that Asda is definitely on. The decision is made, it is most definitely happening, and on a good scale. No turning back now.
To be fair I had heard this from other places, but to have it confirmed by this particular source is about as good as an RNS. Timescales are still vague, but there is no way he can see it not happening, and as I say, on a big scale. Whether this refers just to GS or Starpol and GS, I do not know. His exact final words were, "Yes. Your packaging company is a certainty for Asda".

I think it fair to say that my imaginary friend has now proven that he is no figment of my imagination and that the info he passed me was reliable. I owe him a small sweet sherry for not making me look a pratt on here.
Alan

Alan,
thanks for posting your reply from Tracy Jackson at ASDA. We need to follow up with an innocent supplementary question asking how they intend to overcome the problem of the "glue" between the tray and the lid.

I will contact them if you wish

steve

His to late, you are a pratt.

aldwickk
May be you could contact them for us cheers in advance, xxxx.

On a point of clarification aldwickk, what does "His to late" mean, followed by your accusation that another poster is a "pratt" ?

Alan .... you seem to be the guru of this stuff so please tell me ...... i am sure i read an article to the effect that starch based biodegradable plastics actually hinder breakdown when applied to cardboard carton ..... or is that my usual total crap?

Worrier,
Please feel free to contact Asda. You could even copy in my e-mail and say we discuss green initiatives!!!
I feel fairly sated by the one I got, and I think we will see a GS announcement from either SEO or Asda very shortly (no inside knowledge, just guessing), so I will wait patiently.
Alan

I'm no guru, cynic, I was just very lucky to know the right people at the right time.
There is a theory about mixing biodegradable materials with other stuff stopping it composting properly, and there is the problem of the glue or PE layer on non GS stuff contaminating the remaining biodegradable element, but you would need to speak to a scientist about that!!
My final concern is that I read the Asda e-mail to mean green wheelie bins, but they also put green bins outside their supermarkets to accept plastic bags for recycling. It could mean either, though I doubt they would want people to put biodegradable plastic in bins that contained ordinary plastic.
Time will tell.
Alan