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

Greek,

The FDA attempts to update the FCS listing monthly, but very often its a lot longer. The current list was updated at the start of October so would only have those FCSs approved up to September.

Garyble,

Thanks re that, did not notice latest update, date.
If/When Starpol 3000 is approved I feel that SEO would be obligated by Stock Market rules to issue an RNS as soon as practicable as such approval would be likely to effect the sp.

Heard Wagner apparantly in the States at the mo- cud not get any answers re developmets on Starpol 3000 or lettrs of intent or starwrap or greenseal. Seems SEO staff have been told to keep mouth shut until something substantial materializes.

spoke to soon about gm potatoes:



LONDON (Reuters) - The farm and environment ministry said on Friday it had given the go-ahead for research trials on disease resistant genetically modified potatoes.

German chemicals group BASF will be allowed to hold trials on two sites in England, starting next year. The GMO potatoes, which have been developed to be resistant to potato blight, will not be used for food or animal feed.

Why in UK? Why not in Germany? Could it be the green lobby is a might stronger over there than here?

Comment on news programme that the so-called 'genetic modification' was essentially applying the genetic make-up of a wild potato. Obviously this is a very emotive subject, but I can't see the essential difference between this and a hybrid domestic/wild potato developed by 'breeding'/'crossing' or what have you.

Dawall, You are right on the button - both MW's should go because they both lack what it takes to run a large plc and that is what we have been hoping SEO will become. SEO's product range, if it is that good, deserves much better mgt. than is currently there. I am amazed that so many posters, many of whom I have met and I would reckon would be shrewd judges of ability, seem prepared to be convinced that these two are of a high enough calibre. I don't like being negative and I hope that this assessment by what seems to be a minority is proved wrong. Meanwhile I am comfortable being in that minority.

Sharesure,

It would be good if you could substiate your comment re: the recently appointed FD. I fail to see how he could in any way be responsible for the state of SEO.

I also believe he was FD of a company with over 220m T/O, and his replacement only appears to have been appointed in September. This indicates to me that he jumped ship.

Sharesure,

My take on the management is that many have proven themselves to be failures. None have proved themselves, to be otherwise (not counting any previous management positions).
As to the newer board members, I will not make judgment as yet.
The board will be judged as a whole on where SEO are this time next year at the latest.
With this time spread, even the most optimistic among us will be saying, no more excuses.
My own opinion is that SEO will have to prove themselves well before then.

79 posts since I last looked at this thread and all of them sum up the same thing, very grim!!

Re the management issue, I once again return to the Schroders factor. CW clearly master-minded the capital raising exercise and one suspects that Schroders were a major player all along; if they were it would explain why they were actually able to raise the cash. That suggests in turn that CW is their man. MW did get rid of the previous FD and bring CW in, although I do wonder whether his ASDA background prepared him for the hot seat. But, again, on the Schroders assumption, they do need some continuity so MW could be in for the long or just short term.

Explosive: that could be your general impression but all is not lost! My posts on the Schroder dimension are positive in the sense that an organisation for whom I have immense respect have taken a direct interest, including their clients pension funds. They will have done their own due diligence before this level of commitment. That implies they see the prospects both in terms of the clients and potential contracts are real. That says nothing about timescales. Nor does it say that the present real value is any more than the market cap of around 35m. But I think it does imply that the 0.8p is a real support level and that the potential is, at the least, significant. I would welcome your acknowledgement of this point (because holders should not depair!).

Eric

Eric,
A good summing up of the situation.

The 'support level' could hardly be much lower than 0.8p.

'Significant potential' from 0.8p. What do you mean by that, Eric? 3p, 6p, 8p? Any of these SP's give Schroders an excellent profit but dont do much for long standing investors.

Back in September when TB moved to 'sell' he said 'The lower the share price falls, of course, the worse any new investment will hurt existing shareholders like us. Our interests will come a distant second to those big investors who might elect to put new money into the company at this stage. '

I agree with him - thats what we're seeing now. I need to see around a 10 fold increase in the SP to move into profit - Schroders need nothing like that and can sell (and probably will) way before the SP gets to anything like that level.

I think in relation to the new management team, the jury is out. What they desperately need is a top flight Sales & Marketing Director - a role which is currently being undertaken by Martin W.

Oblo - your last few posts are rightly sceptical. You have saved me some typing and given me more wine drinking time.

Oblo, agree with a lot of your comments today although I hope we are proved wrong and we see a new dawn!

greekman - 01 Dec 2006 14:41 - 22767 of 22780

I dont agree with you even 1% on that post. It is irrelevant to the market until SEO sell the stuff. That is how SEO hit 30p, telling us all the dross when in actual fact, and I continually said it on FYB, that it is and only that need an RNS. Once they sell, tell.

Q.

Page 8 Financial Mail today, big 2 page article on ASDA stating that Andy Bond wants to make it the greenest grocer and talks about recycling, sustainability, lower energy costs etc, no mention of precisely what or how though.

but of course that means diddly-squat as far as SEO is concerned, other than a tiny straw in the wind

qtheman,

It IS relevant. If Starpol 3000 is approved or not, either way it will have a significant effect on the sp. How can it not be so.
Are you saying that the result will not effect the sp significantly.
But I do agree they still have to sell it for any long term sp effect.
You state that telling us all the dross caused the sp to reach 30p.
That statement alone shows that no substance news (dross) can effect the sp, so with that in mind the results of approval or none approval, being a fact of substance would obviously effect the said sp, so an RNS would be obligatory.

Greek.

Is this new news or old news ?

" Stanelco Plc (www.stanelco.co.uk) announced its jointly owned subsidiary Biotec will commence commercialization of STARPOL 3000, a multi-layer, biodegradable, rigid, starch-based packing material marketed as an environmentally friendly, cost effective alternative to APET and Polypropylene.

Emphasis on the ..."Start commercialisation ........"