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

Simon - RNS = Regulatory News Service.

Certain actions that can affect a companies share price are legally required to be reported such as directors buy/sells, announcements of AGM/EGM/Interims/Finals, etc, etc. Another example is when an investor buys enough shares in the company that they then hold more than 3% (Tony-I think this is what The Master is refering to) or sell enough that their holding drops below 3%. An RNS allows them to do this.

My last post was a bit flippant (the quote was real), but while on the topic I still feel we are due more information of shareholdings following the Firm Placing that raised 11million. I have not done the sums but that must equate to a high number of "Institutions" taking it up if they are all below 3%.

These shares came to the market last tuesday. Within what period of acquisition must such an announcement be made?

Tony,

Would be a minimum of 17 Institutions & PIs if no other RNSs are required.

Tony - not too sure, but I think a change to notifiable holdings must be made within 7 days. Somebody wiser than me out there could probably put us straight.

Gary & Star - Thanks

Seems an unlikely high number - more announcements probably due then.

how long wait for RNS

Sky News ,

right now the environmental minister is talking about the packaging problem

Tony - not necessarily. I think (again somebody could put us straight) that if an investor already holds more than 3% and increases that holding to (say) 4%, then they are under no obligation to inform the company and therefore no RNS is issued. The criteria is simply if the increase/decrease crosses the magic 3% threshold.

Starfrog,

Re the holding 3% and then increasing holdings. No notification required.
But can put out info if sufficient increase to effect the shares sp.

Back from Bonny Scotland anyone that wants any stuff put on the Research Page post it here and I will transfer it.

Any comments on the buy of 27,764,721 shares @ 1.86p at 17:10 surely an RNS must follow this purchase.
Colin a long time holder and avid reader of this very informative thread

The 27m plus is I believe a sell and matches the one earlier this morning.

This is why the price is lower.

Someone has made a fast profit!

Hi Fred you could be right 1/2 a mill's a lot of dosh, it could be baza?

Just checked not a buy or a sell it's a

X trade Cross at the same price.

Driver, what is a X trade? could you explain please.

willing buyer/willing seller matched off market so no risk to broker who does it for an undisclosed fee (zero?) charged to one of them not in the price - e.g. a fund wants to sell its holding to a sister fund; a husband to a wife to balance their portfolios/tax situation etc.
at least, that's what I understrand. others can coorect me if I'm wrong.

Nice to see an upturn in the sp. May the board keep quiet whilst were heading in the right direction.

Back to Notifiable Holdings...

Irrespective of those Instittutions taking up the Firm Placing, there should be more RNSs following the Refunding because 3 of the holders listed in the Prospectus would now have dropped below 3% - even taking up their full entitlements.

Tony,
Unless they have purchased more via the open market.
As no RNS I think that is most likely.

greekman

For Fidelity perhaps but LR Nominees and TDWaterhouse Nominees were not their own shares but us PIs - and we were not able to partake in the Firm Placing.