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. 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

Previous holding 14.13

New holding 13.08

Looks like a reduction to me!!

Why do they have to release an RNS for this change ??

Because the holding moves from one whole percentage band to another.

A reduction of 1.02 %

Looks like they have got rid of the shares they picked up between their Letters of 8th and 9th Nov. These disposals were 8.7million shares from their Unit trust, 10.3million of Coal Board fund and 11.5million from the mineworkers. The small JPMorgan holding remains unchanged.
In total they still have the 13.08% they announced on 8th Nov.

clear as mud! thanks for breaking it down Tony-still happy to hold.

wow!!!! they had 419 million shares-now they got 389 million shares i.e. a reduction of 30 million shares. 30,000,000 x 1.25p/s equals 375,000.00 (hardly worth getting worked up about)

Its as Tony says it is - just as one would expect from a man of his perspicacity! Looks to me like an administrative matter rather than any reduction of holding.

I have been trying to get over the point that we are in a whole new ball game. They have got rid of the two people deemed to have been responsible for the PR disaster. Martin Wagner seems to be in the clear although you wonder whether he has the experience to hold down the role - it may be a matter of keeping someone whose nose is clean whilst they reappraise, restructure and move ahead with a new action plan.

To me, it is clear that Schroders are the key players and will represent the interests also of other key institutional players, such as Chase and Fidelity (together hold 27% of equity). Some of you are getting in a lather looking for an RNS just like the bad old days. Schroders will need time, probably two to three months. They are not worried about the sp short term rather ensuring that the company has a viable plan going forward and that any contracts entered into are on the right terms. I have next to no doubt that such contracts will be announced in Q1 2007 - otherwise Schroder would not have invested funds under their control.

This means that we private investors need to change our mindsets. We are now invested in a company of some substance and sagacity: no longer so exciting but, IMO, great potential.

Eric