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

The Company was notified by a letter dated 08 November 2006 that Schroder
Investment Management Limited has an interest in 389,391,892 ordinary shares of
0.1p each in the Company. This represents a total of 13.08 per cent. of the
issued share capital of the Company.

The shares are registered as follows:

Chase Nominees Limited (held in unit trusts operated
and managed by Schroder Unit Trusts Limited (SUTL)) 76,624,326
British Coal Staff Superannuation a/c: P 153,737,868
JP Morgan Bank Luxembourg SA 3,291,829
Mineworkers' Pension Scheme a/c: R 155,737,869

TOTAL 389,391,892



The Company was also notified by a separate letter from Calyon Corporate and
Investment Bank dated 7 November 2006 that Credit Agricole Cheuvreux
International Limited no longer holds a notifiable interest in the issued share
capital of the Company.



Enquiries:



Robert Duggan

Company Secretary

02380 867100


This information is provided by RNS
The company news service from the London Stock Exchange

So, the end of the French Connection?!
kim

Credit Agricole have now dipped below 3% but Schroders now have over 13%.

explains the massive sell off from y'day- fortunately without moving sp too much

Up 15% at mo - looking interesting !

Dvae

this is fun!

Could someone please explain at what stage does the sp movements change to .25 from .01, is there a set price ?
Just in case we reach it lol

Dave

Can't trust you lot in the slightest.
My back is turned for a few hours while I sort my solicitor out and i come back to find the SP has gone blue and you've let the French sell up.
I'll have to go out more often ;-)
Alan

We'll buy you a bus ticket for a trip around the Dales Alan!
kim

BUS TRIP????
We walk, ya soft southern jessie....................

OK, a walking stick then ;-)
kim

Alan/Kim - Don't forget that the French may not be out altogether.

They simply have less than a notifiable interest (3.00%).

As a CFD house, it may be better if they are all out.

Alfa.

I missed the bit about the french being out - where was that notified ???

The Company was also notified by a separate letter from Calyon Corporate and
Investment Bank dated 7 November 2006 that Credit Agricole Cheuvreux
International Limited no longer holds a notifiable interest in the issued share
capital of the Company

Missed that - thanks Alan

It is possible that rather than sell, they simply did not take up their offering and so have less than 3%, though I doubt that.
Alan

Alfa, some of the big sells today may be a further French retreat?
kim

calyon corperate must have made a nice profit?can't remember what they bought at though, does anyone think that if SP goes up say to 2p that the other big buyers will be selling to? if so then i would not like to guess where the SP would be certainly below 1p

I'm not sure that they sold they just might have had their holding diluted

Been out all day. Nice welcome home. Thanks.
Reading back, 2 things:-

MadPad 22154. "Remember we have British,American and German lawyers working on these contracts". I bet French lawyers are working on it too - and not from such a positive viewpoint as we might wish!!

Alan 22169. It is also possible they took up some of their Entitlement (but not all) and just fell below the 3%. If they took up full entitlement they would have now been holding about 3.2%. I have not looked at the overall % that did not take up to see how that matches - it is spoiling the tranquility in my head after a good day out!

where has everyone gone - just shocked about the turnaround maybe!