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

AUT and STAR VERY HELPFULL MANY THANKS JIM

If you want to talk about weird trading, what the hell are those 2 5million trades that just went through as late reported???

The Age of Reason is a trust fund for H. White's son. Would they have ~105k lying around to take up the offer?

garyble - I make 217,078,122 X 3/5 X 0.8p = 1,041,975, a bit more than you. Indeed, do they have it lying around, since Dad isn't being paid at his day job at last count

aldwick - well done, it's NOT a rights issue, they cannot be traded on the open market. good to see your deramping was based on such well-informed knowledge of the company. lol! Question is whether the Open Offer attaches to shares you sell post 6th October for the new holder to take advantage of - would need a special form confirming the sale I guess, but how would they know who had bought them? Have also asked this in my amended email.

sd

soul traders - thanks very useful info which I shall save.

Looks like that earlier X trade has now gone through as a buy on MAM, shows as a sell on another thread..

I understand most trade types fairly well but will openly admit (and done lots of research) that a X trade has me baffled, but I will put my pennyworth in.
Leaving myself wide open here but willing to learn, so anyone who can explain in simple terms please do so.
As I understand it a X trade is to put in simple terms one agent holder entering an agreement at no risk with another, IE you transfer shares to me at a set price and I agree to transfer them back at same price at a certain date, so no risk (sort of loaning the shares) or if passed to a third party (sold) a commision type price is paid to the initial holder.

I suspect that the large X trade was an institutional investor transferring the stock from one investment fund to another.

Thanks Haystack,

That is one way I understand it, it's just that I think there are other explanations so (all) keep em coming, we might all learn something.
Back Wed,am.

I thought an X trade was where the MM took the share form one party and passed them through to another who had already agreed to take them - so no risk that the MM would be stuck with the stock, So they can do it for a v. tight spread. Not 100% gospel on this though.

This would fit with Haystack's suggestion among others.

boldtrader - yes of course -but it does feel like an AIM share ;-) And I'm glad I've still got two penneth to throw in - it's enough to turn one into Haystack, II or blinger.....ok, maybe not.

SD,

I blame it on failing eyesight and rushing. Got my decimal point in the wrong place, but point made...would the Age of Reason have 1m lying around to take up the offer?

At that price, it is certainly a question worth asking.

LONG TERM INCENTIVE PLAN ('LTIP')



The Directors believe that it would be in the best interests of Shareholders to
set up an LTIP to ensure that Martin Wagner and Clive Warner are appropriately
rewarded if the Company achieves certain goals. The Company is therefore
intending to prepare such a scheme which it aims to put in place at the earliest
possible opportunity. A further announcement will be made by the Company at the
appropriate time.

That must be a joke.

not at all shareholders will find it near the back of the document when they receive it i have no page number at the moment

anyone know if Warner & Wagner will be buying any shares?

Automatic
I don't see that they can. They had no shareholding on the Record date (6 November) on which to take up the Open Offer entitlements of 3 for 5 - and there is no public offer. Possibly they fall within the category of "Institutions and certain investors" that have already paid 11m although they were not already investors at the time.

Actually, that 11m may be why the issue is not underwritten.
Thinking about it (and this is only guesswork) underwriting costs and SEO may have taken the decision that with the 11m of firm orders and the other ones that are subject to clawback, they have enough to do as they would like. The rest is just to ensure we all vote in favour and get an opportunity to share in whatever the future holds, good or bad. No point underwriting an offer that already has sufficient sales.
Just a thought.
Alan

alan that is the most logical reason so far that has been put forward

Stockdog,

Yes, thanks. I agree with you (re the X trade) it's just that I am still looking for a very simple explanation of what it means and why, not just the bland bit put out by the LSE.
This is not a dig at anyone who has put their four pennyworth in but dig at the LSE, who think we all understand the market speak.

Woodie,

As to the bit, To ensure that Martin Wagner and Clive Warner are appropriately
rewarded if the Company achieves certain goals. I fully agree that they should be appropriately rewarded. Appropriate being the operative word.
If we do achieve success big style, their reward should reflect this, the same rule being that if things sink totally they should receive zilch.
If they are so confident, why don't they agree to receive numeration built on results only, that might be the kick up the backside they need.

Re them buying shres. If contracts are as near as they keep telling us, they can't buy shares now as it would be insider dealing.