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

stockdog - I think it's a bit harsh to say that SEO have cocked up the RNS about Record Dates etc.

According to the nice chap at HL, it is standard practise in open offers to provide a Record Date for the registrar's benefit, and an Entitlement Date (known as the Ex- Date) for shareholders that is one or even 2 working days later.

In rights issues, the interval is often a little longer and of course with dividends, it works in reverse so that the Ex- Date appears first and the Record Date can be up to 2 weeks or so beyond the Ex- Date.

Not being an officianado of open offers and by the sounds of it, neither are you, I certainly wasn't aware of this.

As you say, if we had been, there was an opportunity on Monday to grab some extra shares to provide an additional entitlement.

Cheers.

Alfa.

Alan wouldn't worry about yer average I just worked mine out to be 14.8. Thinking theres a deal to come I've just placed an order to more than double my holding and average down to around 6.9. It could well prove to be the worst decision of the decade but at these prices and a portfolio of 14 I think why not.

Someone type something either interesting or provocative, for Gods sake.
I'm bored to tears with Coronation Street!!!

Al
Fill us in I can't be botherd to read it all.

Where do we start, driver???
SEO are raising brass. For every 5 you own you can buy 3 at 0.8p. Get your order in for your 6 now. Age of reason might be buying some..........amd they might not. Howard White is a shady character who made money buying cheap businesses and making 'em expensive. Maestro has run out of superlatives and is now doing a passable impression of PM1 on the sp side. Someone has bought 3% of SEOs shares and they are (by concensus) Franco-Spanish, with a touch more French than Spanish, so I'll go with Andorran. It might be SPhere or not, but this is a circular argument. We've been discussing averages, but my batting average is lower than anybodys SEO average. Asda are careless with e-mails and nobody knows who qualifies for what and when. The current directors are getting rewards based on performance starting with an extra 10 minutes playtime if they can find there way to the toilet without help or ending up in the stationary cupboard.
Current forecasts for the post offer SP range between bankrupt and 25, with an outside chance of 0.3 Euros if those damn froggies get in on the act. The EGM contains a re-enactment of the battle of Waterloo, courtesy of The Sealed Knot, if The Times are to be believed.
Just another simple day as an SEO shareholder, mate.
Oh. And I'm bored.
Alan

alan////welll done agood story well told go .to top of class/

Al
Cheers for summery I have got my average down to 9p so I suppose I better take up the .8 offer and hope for the best.

hewittalan6
As you are bored could you awnser a question for me , my shares are held in a nomanee account will i still get the chance for 3-5

What is and what are the advantages of a nominee account ? What about a cfd as opposed to holding actual stock

cheers

automatic
Yes you will, you will be notified when and where to sent the money so you can take up the offer.

driver
thankyou

Alan

Your last email was the most amusing I have read in a long time. I suggest you get in touch with Richard Curtis and Ben Elton with a view to writing another Blackadder masterpiece - yes who've guessed it; I am a fan of Blackadder.

I have to take up my entitlement so that I can average down. The funding is in place for Stanelco to carry on, albeit that there may be a bid. If there is then I would expect the bid price to be in excess of 0.8p. Shame, I thought I was going to do very well out of this investment. You live and learn.

Kind regards
Raymond

THS

A nominee account is one in which the named holder holds the assets in it on behalf of another (the beneficiary). In the stock market, the most common use of nominee accounts is where execution-only brokers act as nominees for their clients. The shares are registered in the name of the broker, but the client has beneficial ownership of them. The advantage of nominee accounts is that they make settlement quicker and more streamlined. In theory, dealing costs should be lower. There are some disadvantages: because the individual isn't the registered owner of the shares, he doesn't get sent company reports and accounts, and can't take advantage of shareholder perks, unless his brokers provides a special forwarding service.

CFDs (Contracts for differences) are a derivative product designed for active traders who want to have extra leverage in their share trading. Instead of paying for purchases in full, they deposit a 'margin' with their broker (typically 20% of the total purchase value) and that margin requirement goes up and down in line with the rise and fall of their portfolio. In effect, the investor is able to speculate with much more money that he actually has by borrowing from his broker and using the shares he has bought as collateral. If his investments perform well, he can get rich quicker than if he was not trading on margin. If they perform badly, the broker will demand more margin payments which have to be paid in cash, and the investor may lose significant amounts.

Contracts for differences, or margin trading, are risky, and not for novice investors. Most brokers do not offer a CFD service, and the market is dominated by a handful of brokers who specialise in this area. Margin requirements vary, and most brokers will ask for a deposit of 10,000 before allowing a new client to trade on margin.

CFDs are not my ideal way of dealing, my luck is not good enough! Most of my shares are held by NatWest Stockbrokers as nominees, it saves a hell of a lot of paperwork and makes dealing over the internet really easy.

I hope this helps.
kim

automatic - anyone

If your shares are in a PEP, SIPP or Isa A/c (all Nominee A/cs as far as the Share Registrars are concerned) you can take up entitlements but there must be available cash within the A/c.

I say this to point out that if held in (say) an ISA account which is fully invested and you have already made your full 2006/07 contribution you will have to sell something within the account to get the cash to take it up within the A/c.

But then again I could be wrong (again) and it be possible to take up an entitlement of a Isa/Sipp/Pep outside of it - but I really don't know about this.

rmhyams,
Kind words and thank you.
Alan

Thanks kim !

Kim, ths,
The Halifax offer a CFD service with a 10% margin and a minimum deposit of 1000.
Not my cup of tea, but useful to those who know how to use it!!
Alan

You are welcome ths. Thanks for that Alan; CFDs are not my cup of tea either, I can do enough damage dealing in the ordinary way!
kim

here we go...easy money!

Just to revive the French connection, but of course there may not be any relationship to SPhere, SEO have confirmed to me that is was Calyon Corporate Investment Bank to whom yesterday's RNS related.
kim