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.
Yes I believe a 30% stake requires a declaration which is why you often see 29.9% as a holding.

Part of HW's background from the RNS of 8 June 2005 :-

"Howard White began his career in 1973. From 1982 to 1993, Howard set up a
successful business buying distressed businesses, .... orchestrating their turnaround into a profitable Group of businesses."

and selling them!

Your reseach is better than mine, Tony. i was still looking.
The question now is.........any mathematicians out there who can work out what A of R would need to do to get there and any market types who can tell us whether they would have to RNS the fact they were buying any extra in the firm placing?
thanks,
Alan

Alan,
someone has worked out that after all the payments/investments stated in the last RNS will be left about 7mil. So far Stanelco has always raised money ENOUGH only to meet the payments wich are due in the very near future. ... Ok that has probably been the biggest mistake ever, but why change policy when the SP is AT THE VERY BOTTOM when you are sure that any news about contract will only make the price to soar....

Probably because they are drinking in the last chance saloon, anto!!!

ahah... hope all the shareholders can drink soon to celebrate some big contracts coming ...

anto - presumably you mean significant news !

pinnacle - 11 Oct 2006 09:20 - 21221 of 21246
Times Rumour.

Sphere will make an offer for Stanelco once financing is in place!
--------------------
Has anyone read about this in the times. I have been looking in 'timesonline' but no luck.

oh yes, let`s wait and see. I believe this must be the very last chance.

Anyone still holding or planning on taking up the placing needs there head examined, this is going bust.

8 mil. trade is a buy or sell?

shamona when will it go bust?

Have just been notified by Hargreaves Lansdown about the offer and that they will be writing with more details shortly.

Curiously (and it may be in error), they state that holders as at close of business on Monday 9th October are entitled to take part.

As we know, the Record Date is set at 6th October.

Alfa.

RNS Number:3088K Stanelco PLC 11 October 2006

Stanelco plc ("the Company")

Notifiable Interest

The Company received notification on 11 October 2006 that Caylon Corporate and Investment Bank is interested in a total of 30,323,386 ordinary shares of 0.1 pence each in the Company, representing approximately 3.03 per cent. of the Company's issued share capital.

This shareholding is registered as follows:


Shares Held Management Company Nominee/Registered Name
30,323,386 Caylon Corporate and Investment Credit Agricole Cheuvreux
Bank International Ltd


Stanelco plc

First one to jump on board, ... next one please
Could we regret the issue of that big amount of shares? hope no, but it could really facilitate a take over of the company.

0.01 pence??? Am I missing something here?

Yes, a decimal point.

Sorry bit of a typo there but what I was getting at is this announcement seems to be over a total outlay of just over 30k. If it means 1% of a penny!

Maybe it's been too long a day already!

Worry not, HD. That's simply the nominal value of each share and not its market price.

I have clarified with HL and the eligibility date to take part in the Open Offer is definitely close of business on Monday 9th October {edited for my error stating 10th - it is the 9th !}.

Apparently, the Record Date is for the benefit of the Registrars who will notify anyone who was a holder on that date, i.e. Friday 6th October.

Thus, if you became a new holder on Monday (and still held them by business close on Monday), you will need to contact your broker/registrar if you wish to take place in the offer.

Alfa.

Thanks alfalfa.

I think the RNS has a typo and should refer to Calyon not Caylon. The Calyon Corporate and Investment Bank have an interest in sustainablility but I do not know why they are involved at this stage with SEO.
kim