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

Alan,
Sorry you didn't get that, it must be lost in the ether, wending it's way to some far off planet to confuse someone else! I have sent again with a bit extra!
kim

aldwickk - 28 Sep 2006 19:45 - 20473 of 20475
maestro ,

Not so much the MM's as this is a SETT's share, but maybe certain trades and the CONtent of SEO's RNS's.

MMs still have plenty of control of a SETTS share

Incidentally, Maestro is a well known joke on the other side, universally derided.

Got that one , Kim. Thanks.
Alan

Rumour of the day


Stanelco, the developer of biodegradable packaging and one of the best small-cap performers last year, shed 0.27p at 1.81p, amid talk that its rescue refinancing remains in the balance. The company is said to be seeking to raise 15 million through Teather & Greenwood at 1p, and is understood to have received commitments totalling about 8 million so far.

bhunt1910

Do you know the source of this rumour and are they reliable?

The oily one

reported in the TIMES THIS MORNING////

this is true i think they will only manage 10m

The company only have the right to issue shares up to 1.3 billion, so that means issuing a maximum of 300million new shares, if at 1p this would only raise 3million not 7 as rumoured, so there is no facts to back up this rumour!

as always

dyor

gp

not worried

well said garypat.
too few facts, too many rumours

gpat - of course they will need an EGM to give director's appropriate powers for the new placing above their current mandate, just like all other companies when they raise more capital above agreed limits. This has no bearing on wether the rumour is true or not. As rumours go, it cetainly sounds plausible.

Raising 15m is perhaps difficult to convince. On the one hand it is considerably greater than their cash burn should be if their promise of imminent contracts is to be believed (and they must be believed to even get started) so the balance must be for expansion; on the other hand, were I an investor minded to help, I'd like to see contracts stage reached before offering up more cash for further expansion (capitalisation of Starpol plant jv's?, expansion of the current jv capacity?). So it may need to be got away in two stages.

sd

There are no concerns in Stanelcoland.

All relaxed and news imminent - just irritated at the false rumours being touted.

pinnacle,

In your dreams.

I know I am only a "bloody" foreigner , but I was always taught that the word imminent meant -likely to happen soon. Does anyone have a spare dictionary for the SEO board?

My access to information enables me to be comfortable.

So I don't have to rely on my dreams!!

Pinnacle,
Are you in a position to reveal your source or substantiate that.
I understand if a public BB is not the place, so feel free to mail me.
Alan

There was someone sitting under a cash machine yesterday. He said "can you spare any money for SEO". Had had a box with about 20p in it.

15m at 1p = 1.5bn shares: or ~2.5bn shares in issue!....Can't see that happening.

not worried...chilling out with a nice fat cigar

pinnacle really hope you are right, to raise 15m at 1p will be a disaster for current shareholders

what kind of filter you using, maestro? I bet it's an RF Havana Starpole you're smoking!