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

Volume dried up everbody gone to lunch?

Back to Calyon holding.

It is possible that their total holding equates to ~78m shares representing ~2.6%. The fact that the RNS does not state "after a sale of x shares" could simply mean that upon the take-up of their entitlement they no longer have >3% stake.

gary
It looks to me that they either sold some or did not take up their full entitlement or a bit of each.

If my figures and sums are right, and I do get a lot wrong, - The number of Issued Shares increased from (aprox) 990,939,939 by 1,975,992,559 to a new total of 2,966,932,498 shares in issue. 3% of that (Notifiable holding) is 89,007,974 shares.

They previously held 59,500,724 shares (5.94%). Full 5:3 rights would take them to 95,201,158. But they are claiming to be below 89m shares so they did not just take up and held the full quota of Open Offer shares.

Tony,

Total shares in issue: 2,977,646,824 taken from RNS of 7th Nov re: "Issue of Equity"

3% threshold = 89,329,404.

Calyon RNS of 11th Oct. states their holding as at that date of: 30,323,386 shares. Assuming that quantity was held by the Ex date of the offer, Calyon would be entitled to: 18,194,031 shares.

The last known holding of Calyon was RNS dated 17th Oct. with a holding of 59,500,724 shares.

So, the most Calyon could hold would have been: 59,500,724 + 18,194,031 = 77,694,755 shares ~2.6%

The entitlement was 3 for each 5 existing shares held.
59,500,724 divide by 5, times 3 = 35,700,434 Entitlement.
Their new possible total was 95,201,158.

Tony,

read my lips.....they only held about 30m shares by the Ex date after which point a further increase in holding would not entitle them to any more shares on the offer!

Beg pardon. Quite right - again! ;-)

I think the future board meetings are going to be a lot more stressful for the Directors of Stanelco.

Having Schroders on your tail will certainly concentrate the mind and now we have UBS with 4% and the buying continues!

The Directors could turn up one morning and be gone by lunchtime - they have no shareholdings worth talking about - so this could be very good for us long suffering private shareholders as these new holders will not tolerate failure.

That's a nice sp jump, I'm sure it isn't right though!
kim

No Probs Tony.

Good to check these things.

Aw, shame......it went away! I'd settle for a nice 37% rise by tomorrow though.
kim

Tony - or X 7 to recover an 85% drop!

In today's Times newspaper

Stanelco, the packaging maker, perked up 0.16p to 1.4p on talk of an imminent order from McDonalds.

Don't we all wish!!!!
Thanks for that Baza. Nice to put a rumour to a rise!!!
Alan

It surely is more than a rumour, let's hope that all goes smoothly and they don't McChicken out at the last minute!
kim

Its more than a rumour. its a McRumour of a McDeal.

A Big McDeal Alan?
kim

Perhaps all those comments MEAT ON THE BONE was referring to a burger.

Seriously (OK perhaps it wasn't funny anyway).

Would think if more reports re this materialize SEO will have to release something.
If they do, it will probable be along the lines of " At this stage we can not comment. If there is anything to report we will release such information to the market in the normal way".

If more than just a rumor, it will be almost impossible to sit on it due to the huge effect it would have on the sp.

I still think we are a little way away from an announcement - these things take time - and everything got put on hold whilst they raised the money.

Could be another couple of weeks yet !!

Hold I hope Bas not hols.,they are not allowed those.