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

Aldwickk,

Just read them and replied.
Thanks.Greek

have you ERX this.. T Blair has more evidence against him, police to interview next week..

ERX luck

potatohead ----squelched!Ugh messy.

:-) ERX Hic!!!

Potatohead,

We value all opinions, but they have to have some contribution value.
Yours do not so likewise squelched.

Hi all, I know this is a different product BUT, If these people can get approval for a sugar based biodegragable tray why the hell can't seo on their starch based model?

Toronto, Canada based M2 Formulex Inc. (M2) is pleased to announce the introduction of a one-stop-shop earth-friendly packaging program for prepackaged produce in North America. M2s packaging solution is 100% Biodegradable, 100% Compostable, 100% Food-Safe and made from non-GMO raw materials, making the packaging particularly attractive to Organic Produce Packers.

M2s 100% biodegradable packaging solution complies with all FDA/CFIA requirements and has received the following certifications: 1) ASTM D 6400 (BPI Program), 2) DIN CERTCO (European Standard) and EcoLogo (Environment Canadas Environmental Choice Program). These certifications are awarded to packaging that meets stringent criteria for food safety, functionality and very specific biodegradability and compostability requirements.

Just venting some steam and frustration at SEO. Wishing all followers of seo a merry Christmas and I hope a prosperous new year -------- Please.

Link to above,

http://www.npicenter.com/anm/templates/newsATemp.aspx?articleid=17208&zoneid=9

Oblo, re 22964
Back now, but am the very much the worst for wear after a memorial lunch for a dear departed!

RNS you quote of 29 May 06 is concerning Greenseal
RNS you quote of 8 Sept 06 is concerning Starpol/MMFs

It is not really right, in my view, to put one against the other to find negatives but WTFDIK? They do, however, both emanate from MW in the 'new' era.

MW was appointed CEO, according to an RNS of even date, on 28 Nov 05. Every other executive Director then in office has now gone. Fact! (or name someone from before and after).

I have no knowledge of other people's influence - like Brill, Duggan, Leavey, the tea lady or even the bog cleaner. But they are not, in my opinion, an important part to the policy forming side of SEO - they are only part of the implementation of policies from above and part of the smooth running of a Head Office.

But I do hope the paper is more comfortable than the sample of BioWrap I have nearby looks likely to be - in extremis!

We shall see - in due course.


GBL re 22968
Interesting observation about frustrations. Mine are only about the wavering short term views of committed 'long term' investors.

It's been a long afternoon. Night all.

TP

Tony,
I,as you know, am a long term investor. I take the long term view and I am comfortable with SEO in that respect, other than being forced into a short term view!!
The cash raised was for specific reasons and immediate cashflow. It is too early to try and remember how much was for what, but as an early morning guesstimate, I would say that without selling the product, 12 months hence they would need more cash again, and they would be unlikely to get it. Therefore my view must be no more than 12 months. It would be foolhardy to invest based on what I hope to see in 5 years (as I originally did) if it all ends in tears in 1 year.
Wavering? Yes, my confidence most certainly is, but I still feel SEO is a winner, on balance. A few weeks without apparent positive movement to commercialisation is no big deal in a 5 year plan, but it is a real worry in a 12 month last chance saloon.
Anyway, I'm in for a while yet.
Alan

Tony,

we'll have to agree to disagree, but I hope you're right. I see the whole 'new regime/old regime' issue as an attempt to repackage the same product and keep the chattering classes quite. I am in a very pessimistic phase after a very long time of being optimistic. I guess my patience has worn thin, once bitten twice shy, etc.

Hope your hangover is kinder to you than mine was last Saturday - phew, epic!

Alan,

I agree completely and said much the same back at the time of the open offer.

The clock is ticking - SEO dont have forever. For example, see balernoy's post above.

Welcome back alan.
Glad to see your house more and internet reconnection went as swimmingly as mine.
Off to sunnier cliomes for xmas.
Still keeping the faith.
Will check in weeky ish unless I have anything relevant to add.
Still believe a large order will be inputted before new year.
Can't get any further with this as burnt bridges getting it last time.
all the best
merry xmas and a better new year to you all.

well that wasn't very nice, who sold the 6,000,000

automatic
Sorry just top slicing.

Same person who sold the 10,000,000 probably!

does anyone know if Sylvia is still employed at SEO?

10 bagger in 1 year...here's why!

Re: Stanelco Plc in Co-operation with Wal-Mart and Perseco
Posted by: Mini Buffett (IP Logged)
Date: November 26, 2006 09:01AM


.

For those that haven't done the calculations based on the information in the presentation, this is how it works out.

Stanelco receive 10 cents per pound of Starpol via distribution agreements
Stanelco receive at least 10 cents per pound of Starpol via MMF's
The minimum production Stanelco were allowing via MMF's is 20,000 tons per annum
20 000 ton [metric] = 44,092,452.44 pound
44,092,452.44 at 10 cents per pound equals $4,409,245.24 per MMF per annum = 2,282,525

This money is a royalty, it is at no cost to Stanelco, so it is pure profit

Cash burn was shown in the trading statement as being around 3.6m for the year, and year end figures were shown in the placing RNS as being "pre-tax loss for the Group of 3.2m on a turnover of 1.45m", so ....

2,282,525 + 1,450,000 = 3,732,525
3,732,525 - 3,200,000 = 532,525

Stanelco only need one Starpol MMF to end up making a profit next year of 532,525
If as expected Stanelco convert the two LOI's to MMF contracts for the minimum 20,000 tpa, the profit will be 2,815,050

Also if Stanelco convert 80 machines for salad bag lines, they will receive licence revenue of ....

In year one - 80 x 35,000 = 2,800,000
In year two - 80 x 20,000 = 1,600,000

This again is profit, and can be added to the 2,815,050 of profit giving ....

In year one - 2,815,050 + 2,800,000 = 5,615,050
In year two - 2,815,050 + 1,600,000 = 4,415,050

The price to earnings ratio depends quite a lot on growth and growth potential, and if Stanelco achieve the above they will certainly have both, and will IMVHO have a very high price to earnings ratio applied to the stock. There are currently 2,977.65m shares in issue, so based on year one figures (as year two growth should take the profit to a higher level than year one despite the lower GreenSeal revenue) ....

At a low price to earnings of 15 that would give a share price of 2.8p
At a medium price to earnings of 24 that would give a share price of 4.5p
At a high price to earnings of 50 that would give a share price of 9.4p

This is only the figures relating to known data, and I am fully expecting several more Starpol and GreenSeal deals over the next 12 months, plus deals on Wrap 100 and the JV Carclo capsules, and increases in revenue from the other commercialised products, as global plans to reduce climate change really get into swing

The current share price is a mere 1.36 pence, so plenty of profit to be made, with a possible 10 bagger in one year.

maestro
I need it to ten bag for me to break even.!!!!!!!

driver..just buy a june spread bet tomoro and you'll be laughing all the way to the bank... 1000/point will only cost you a deposit of about 150

Maestro -
"Cash burn was shown in the trading statement as being around 3.6m for the year, and year end figures were shown in the placing RNS as being "pre-tax loss for the Group of 3.2m on a turnover of 1.45m", so ....

2,282,525 + 1,450,000 = 3,732,525
3,732,525 - 3,200,000 = 532,525 "

If loss was 3.2m on t'over of 1.45m, then costs were 4.65m which must be deducted rfrom 3.73m = -0.92m - a loss.

So it will take the second 20k tonnes to make a profit of 1.36m.

That said, although I'm not so sure of a 10 bagger within a predictable time/news-frame, I can see a 5 bagger within a year of so is quite possible on relatively modest good news IMHO. Equally (sic) I can see us going nowhere with no concrete results.

Standstill v. 5 bagger is about 50/50. Unless we can improve those odds to nearer 33/67 on news of clear progress, it will be hard to contain ones frustration long into 2007. Not when so many of the other holdings in my portfolio are going vertical on tangible profit growth just now.

Not unlike Driver I need a 9 bagger to break even.

driver me to, the only plus point is that the decision to hold or sell has gone since I am so far down.

re. cash burn over the next 12 months I would expect this to drop significantly due to the large no. of redundancies and the fact that we are told development of Starpol is complete meaning development costs should be vastly reduced although to what I don't know. Dare we also believe SEO when they see Greenseal is 95%+ sorted or could there be additional costs here?

luckily my spread bet was triggered at 12p and didn't bother buying until 0.9p