anybody got any idea why stanelco are dropping ? i can only see good things for this company and fail to see why they should be falling.
anybody know why .......or is it just profit taking?

TIMES: Today reported company is seeking 2 min stg, via a 1-12 rights issue at 3p a share.

roma, whats a 2 min stg? i havent seen the report in the times , just read that the company will be making an annoucement tommorow about the recent press speculation.

Share opened down but has recovered, good support for price even with that news.

I wonder this could be good news tomorrow.

Bosley, stg (sterling) Regards.

Small rights issue.

Does anyone know how I get the new shares when my existing shares are in a nominee ISA account?

Apple, In a rights issue your broker should be in touch with you to to tell you how many shares you have been allocated and asking how many, if any, you wish to take up. It doesnt matter if its a nominee account or you hold paper shares.

Thanks

Due to the rights issue I have had

Stanleco Plc New Ord 0.1p Nil Paid shares credited to my on-line account.

EPIC is SEON

NO INFO is forthcoming from my on-line broker.

Bid Price for nil paid is 1.75
Offer Price for nil paid is 2.25

Obviously below the normal price because they are nil paid.

Can any body tell me what I have to pay for each to convert them & how I do it or if I can just sell my rights & how.

When I click to trade, it says that they can't be traded online.

I can't get through to my on-line broker on the phone.

Apple, if you can't get through to your broker on the phone you need a new broker. There are several who offer phone and online dealing, infact I'm amazed that any don't.

Mine does but I can't get through.

I'm with Etrade for my ISA's where I hold SEO
Etrade sent an email the very next day re. SEON asking me to tell them by 4th FEB whether I wish to buy and to make funds available in account to do so
I would think all brokers ought to do the same for their clients...but seems as though you have time to write if necessary!!
Regards Ruthie

Thanks Ruthie

ruthie my broker wrote to me . i was grateful as i cant access my e mail account now as totalise have started charging for access. buggers!i will be taking my allocation . i still think this is going places

They sent me a message late Monday.

& then they sent another.

Just like buses, late & then arriving 1 after another.

bosley

How about editing your header message & putting a 1 month chart in it, it is now out of date anyway.

just a thought . do people feel that there will be a lot of sells once everyone has got their rights issue shares?

No

been waiting ages for shares mag to mention stanelco . and now i wish they hadnt.small mention but focuses on profit turning to loss and there being no immediate improvement in telecoms market.mentions the rights isue and an agent going bust in japan leaving debts of 130k.but it does leave the best 'til last . "using tachnology to produce foam starched packaging is quite exciting howver." and this is why i am here . reduction in waste is the future and any decent company that can provide biodegradable packaging is going to do well. especially if the supermarkets like it.

bosley

This is old news & already in the price.

Shares mag have been very slow to report it.

BTW

Thanks for flaging up the buying opportunity on 16th Dec.

I'm in profit on this one because of that.