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

Tony,

Buying new would be much more beneficial: There'd be increased reliability and therefore better for SEO's image. Old to new does and has posed some significant hurdles to overcome with the consequent drain on resource and finances.

A shift to new machines would be a significant step to establishing GS as the new standard!

In any event, with the long drawn out GS "trials" having reached two years with ASDA, the existing crop of machinies must be nearing life expired {IF life expectancy is only 5 years!}

.0080p next target to reach for bottom

100th of the issue price.....could happen any time now!

Gary

Agreed, new is beneficial from an operational point of view - but is it beneficial to our revenue? It generates 35k per machine and the OEMfg-er does all the work wheras retro income is 55 and SEO does the work. (Figures as Presentation slides which were presumably bullish). Must be a close thing.

MW did say at EGM the main cause of unforseen Greenseal trial problems was the modifications that users had already made to get the machines to suit their individual purposes - before SEO came along to retrofit.

Like the bit about trial machines needing renewal by now!
Fortunately pack houses do not renew all machines at once but evenly across time.

Tony,

Also agree. Replacement machines would be phased and hence a source of steady revenue.

As we've all been made aware, its Starpol that is the money spinner, GS compliments Starpol.

I suspect that we are beginning to get things into perspective. The market took SEO up to a cap of something like 300m, justified to an extent by analyst projections based on a licensing stream for each GS machine. Now, 200 machines would be income of 7 million, perhaps justifying a quarter of the current share price. It is therefore the commodity products which could give the multipliers. We give SEO management a lot of stick and they did miss the problems with retrofitting but they can't have put more than some 10m into the retrofitting programme which is hardly a disaster. So they talked up the sp but they singularly failed to exploit that by raising the level of funds they needed to properly develop the company - disingenuous rather than dishonest and resulting in loss of directorships rather than being turfed out like Robinson. Now there's a walking disaster for you!

Eric

Why was T. Robinson turfed out?

Eric. Not just loss of directorships. The 2 have gone - totally. An Email I saw referred to their "departure from the company". Turfed out!

Interestingly IB took up his Open Offer Entitlement but Age of Reason (HW) did not appear to have done so (or at least not the bulk of that entitlement) despite reporting share sales with the intention of using the proceeds for the take-up.
Who knows better - IB or HW?

Tony. Thanks, hadn't seen that. Recall an RNS which indicated that Age of reason Foundation had sold some of their holding, realising an odd million. HW obviously believed his own hype and clearly out of his depth. Sad really - only 1 million! One implication, I suggest, is that time will be needed to takeover and evaluate, possibly renegotiate, proposed contracts so patience will be needed.

Eric

Tony,

Interesting that we have had no word from R&A or AoR re their holding, unless the rule does not require an announcement if their holding is reduced by dilution.

Also, AoR's entitlement was for 130,246,873 for which 85,000,000 shares were sold to finance part or all of their take-up. The shorfall in take-up was 139,122,726!

It begs the question - where have they gone - to a competitor - Sphere ??

Gary

My impression is that no notification is necessary on dilution but is on Take-up of the Open Offer.

I reached this conclusion on the basis of an RNS was issued when AoR sold. An RNS when Directors took up their Open Offer Entitlement. And an RNS when one of the already Notified "Institutions" increased its holding purely from it's Open Offer take-up. But nothing further from AoR.

But I do get a lot wrong ;-)

I suspect that both are subject to confidentiality agreements as part of a severance package so the best thing is to just forget about them. I suspect they are OK financially whereas a lot of investors have suffered from their hot air.

A plea to SEO management : Please, Please give us some news!

Even if its bad news.

ok then - here it is :

"Stanelco PLC
28 November 2006

Stanelco plc ('the Company')

Notifiable Interest


The Company was notified by a letter dated 28 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 76,624,326
Schroder Unit Trusts Limited (SUTL))
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

seems like they reduced.

Is it because I am feeling gloomy or is it because I feel 'here we go again'?

Why on earth would Schroders reduce their holding if this company was going to do what it says?

I have a bad feeling about this - where are these contracts?

It does not take this long to put something together - I think there are problems.


I hope I am wrong - but we have been here before and now they have our money nothing seems to have changed.

I am so fed up with this company - when my average is met I am off!!!

This is not a reduction but is identical to a RNS issued on Nov 8th, seems odd they are repeating it.

Notifiable Interest



The Company was notified by a letter dated 09 November 2006 that Schroder
Investment Management Limited has an interest in 419,973,372 ordinary shares of
0.1p each in the Company. This represents a total of 14.1 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 85,324,326
Schroder Unit Trusts Limited (SUTL))
British Coal Staff Superannuation a/c: P 164,078,608
JP Morgan Bank Luxembourg SA 3,291,829
Mineworkers' Pension Scheme a/c: R 167,278,609

TOTAL 419,973,372



The Company was notified by a letter dated 28 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 76,624,326
Schroder Unit Trusts Limited (SUTL))
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


Enquiries:

Robert Duggan
Company Secretary
02380 867100