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

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

And still, just like its long history, making no money whatsoever.
As for disingenuous or economical with the truth - well.
And Balchin taking up the offer? Easy for him - not acutally put any cash in.

Cor, been called some things in my time but never this. Better go & look it up.

These 31 million shares were acquired when the SP ranged between 1.03pence and 1.4p on 8 or 9 Nov. They were sold yesterday or today when the range was 1.36p and 1.42p.
So at worst they probably made a very small profit on them.

But the volumes these last 3 trading days were only 23, 31 and 29 million. This is within the recent averages so where and when did they get rid of them?

It will be nice when the lethargy of awaiting for news/adreneline is over and we can again ponder on more satisfying things - like gains/profits!

zs
How to you recon that? IB would have had to have paid cash for his Open Offer shares. 7,782 - no mean thing for someone clutching his P45 (not that he knew it - but may have sensed it coming).

remember that board meeting after the EGM. Ian genuinely did not know that there was one - so I guess he probably got the news then - and maybe he had time to respond to whatever accusation - and it was made official later.

22673 of 22694,

bhunt, god help SPHere if that pair of muppets have moved to them!!!!

Q

Tony - Don't forget that other markets for SEO share dealing exist, such as Plus markets.

Today's LSE volume was 29.4M but on Plus markets there were an additional 19.6M.

Yesterday's LSE was 31.5M and Plus's was over 22.1M.

Plus markets normally accounts for about 25% of all trades in SEO but today's and yesterday's ratios are much higher.

I've not yet been able to see the equivalent Plus trades for the other 6-7 days or so prior.

Alfa.

Alfa - thanks. Although being aware of Plus, I did not know their volumes or if they were within the overall volume figures declared on LSE.

BHunt - Agreed - Ian was unaware of anything at the EGM judging by the way he spoke over coffee afterwards. Had he seen the Foil presentation?
The RNS says the dismissals were after a Board meeting on that day (14 Nov). Maybe he was forewarned at the apres EGM Board meeting (6 Nov) while we were in the pub! But HW was not around, he was busy at LHR, or so were were wanted to believe - maybe he had been fore-forewarned!

Q - LOL. If reality this could be beneficial for us to pick up the pieces especially the other half of BioTec. Sadly for us, I have a higher regard and expectation of French businessmen than falling for them.

As Eric says, we are in a completely new era now.
Profitez-en !!

Yes -= in hindsight there was definitely something going on at the EGM. Some members of the board were privvy and others were not. I suspect Ian was the fall guy and howard they needed to get rid off as he exerted too much influence.

Eric,

As I look about me I can see my small holding getting smaller, I'm a little concerned that there will be nothing left for my wife to enjoy.

But your re-assurance to be patient and one day soon it will start to swell and grow with gusto keeps me hanging on with all things crossed.

I do soooooooooooo hope your right!!!

Alfalfa,
Can you please expand re SEO and PLUS.
SEO are not registered as being available for dealing on the Plus Market, (according to Plus Market registered companies list) so presumably what occurs on this market does not directly effect SEO, or am I missing something.
Not saying you are wrong, but any explanation will help.

greekman - SEO have been available for trading on Plus markets for over 12 months.

You can see the trades here (with a 15 minute delay). If you click on "more", you can see a page for the last few days' trades.

Be patient and refresh the browser if necessary as it often takes a while to load.

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB0005814198

As I write, 780,000 (the bulk of them purchases) have been traded on Plus versus 320,500 on LSE.

There are also other trades made on the Virt-x exchange but these are usually sparse.

The sorts of volumes going through Plus surely cannot fail to affect the overall market - but what do I know ?

Hope this helps.

Alfa.