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

I have come to the conclusion that SEO think Financial Dynamics should reply to all emails and F D think it should be SEO, hence no real replies!

From the accounts:-
"There is considerable demand for Biotec's range of products. However, the pace at which we can deliver these products is currently being influenced by a shortage of one of its core ingredients, PLA (polylactic acid) resin. The Company is pursuing several options to obtain further material and is also trialling alternative materials. Until such alternatives are in place, there
will be some delay with investment in manufacturing facilities in the US."

Or put in another way:- "We are very grateful to shareholders for putting their hands in their pockets and giving us loads of their hard earned, which we had pretended would be spent on manufacturing facilities in the US. However we have been anticipating and awaiting the open skies accord which we realized would ease restrictions on travel between Europe and the US and so we could take advantage of the lower air fares to fly small quantities of our material (as we cannot get hold of large quantities) to and from the US, whilst taking advantage of their superior golf courses to test our bio golf tees."

One bright spotm They actually mentioned Wal-Mart. Cagey or what?

Had they mentioned Wal Mart in Howards day it would have been good for 5p on the share price,interesting how sentiment changes.

You're so right madPad!!!
Just the rumour that WM were interested was one of the great forces pushing it to 29p. 3 products on the shelves and it falls!!
New era, I suppose, but the one tiny flickering glimmer of hope in the most banal and meaningless results ever.
Alan

So we now know that Walmart have 2 SEO products (out of thousands) on their shelves.
A couple of years ago, I would have been very pleased re this and would have looked at this as a positive step.
After all the hype over the last 2 years, to find a drip feed of products finally making it to the shelves makes me feel more negative than positive. How long will Walmart wait for SEO to produce big time, or before a competitor takes the lead. There are plenty of companies who are coming up fast. If SEO continue as they are it wont be a case of the Hare and the Tortoise fable where the Tortoise doggedly keeps going and crosses the line first, it will be a real world ending where the Hare always wins.
But still in as SEO for me was a win or loose all investment (gamble).
I still have faith but it is wearing very, very thin.

woo news on seo

Another institution who obviously do not know what they are doing according to the pessimists!!

Stanelco are over the worst - the only way is up - the question is how long and how far.

Must be close to 50% of the shares held now by the institutions - not bad for a fledgling!!

Pinnacle- Totally agree i thought this share had bottomed out at 1.03. About time we started hearing more positive things on tis thread!

Don't wish to be the killjoy, but I read this RNS as simply a bit of FSA housekeeping. None bought or sold, just a slightly different way of stating the holding they already had.
Sorry.
I'll get my coat.
Alan

just... lol

Can you say that again in English?

Alan,

Agreed. I think we have all noticed over the last few months such items as all companies now releasing voting rights , further itemized details of holdings etc more regularly.
This is due to as you say the Market rules being tightened because of FSA reports,(about time to)
But saying that it does put SEO in a slightly brighter light in my eyes as it is easier to see at a glance who hold what and how much (institutionally).
I had not realized that these institutions held quite such a large percentage of the shares. Previously it got lost in all the bumf.

First Law of the FSA.
Any directive issued under the headings Clarity, Transparency or Simplicity has only one purpose.
Confuse the hell out of anyone not involved in designing the legislation.
off topic, but the FSA is too diverse for its own good. It is not possible for a body that large to CONSISTENTLY regulate such differing areas as retail credit, accounting policies, share dealing, company structure and retail investment products.
It desperately need to be broken up and replaced with bodies with specialisms. The idea that the bloke at your local 2nd hand car showroom jumping through the same hoops to sell a car insurance policy as the controller of a 10bn investment fund is ludicrous. There is a real need for regulation and restraint in areas of large finance, but for a 5 per month saving plan? I don't think so.
The time has come to apply common sense to the policy makers and re-introduce a bit of the old idea that people are grown up and can make their own choices. They do not need to be told what the salesmans commission is, or the brokers profits!!
Give me back a bit of the "caveat emptor" philosophy. In a free market, a cowboy company does not last two minutes, and the lowering of regulatory requirements saves the good guys a fortune. This gets passed on in lower prices and everyone benefits.
Rant over about the FSA's strangling beaurocracy. Back to SEO.

Back today from a week away....no great shakes then!

Might as well stay as lost too much already!

Alan/Pinnacle,

To clarify: Fidelity have reduced by 22,540,600 shares from 7.74% to 6.98%...by my reckoning.

Typically shortsighted of SEO to waste ms negotiating contracts for say 100,000 tonnes of Starpol without first ensuring there would be sufficient supply of PLA. A quick look at the Natureworks website will reveal that their annual capacity is 140k tonnes. SEO announced its supply aagreement with Natureworks 30th August 2005.

SHAREHOLDINGS
The forthcoming Report and Accounts which should be falling on our doormats within days will clarify things but it seems to me, from last known information and dates thereof, that 'Institution' holdings are:-

421,948,469 (14.17%) Shroders - 6 Dec
210,030,606 ( 7.05%) Barclays - 14 Mar
207,871,085 ( 6.98%) Fidelity -23 Mar
93,290,504 ( 3.13%) Credit Agricole - 15 Nov

This is 31.34%. There may well be others holding less than 3% - 89,329,405 shares. In fact there must be more out there with Institutions - the Closed Placing was for 1,375,000,000 shares (46.18%)

Additionally we know from the 12 Oct Prospectus that Richards and Appleby had 67,281,300 (2.26%) and on 30 Oct Age of Reason had 132,078,122 (4.44%). We have not been told of changed shareholdings/percentages from them which may have arisen if they took up their Open Offer entitlements.

This now accounts for 38.04%.

Just thought it might be of interest ;-)

I believe that T&G are forecasting a loss for this year of 1.1m and then a profit for 2008 of 4.2m

The oily one

Is that the T&G Flying Club,

http://www.lostnation.com/tgfc.php

~78% revenue is from Biotec, mainly to European market, North America accounting for ~4.5% of sales......that would be the 2 items on Wal-Mart's shelf then!

Just back after a week away.

I regard the prelims as very disapponting - not so much because of the
figures, which were never likely to be good, but because of the lack of progress and negative position regarding Greenseal and the proposed MMP's.

i.e. Greenseal:-

'We have been frustrated by the time taken to exploit this technology and we
continue to explore different opportunities to effect the roll out. However,
this will take longer, and the revenues generated will be less, than originally
indicated.'

The manufactuing plants in the U.S. :-

'There is considerable demand for Biotec's range of products. However, the pace
at which we can deliver these products is currently being influenced by a
shortage of one of its core ingredients, PLA (polylactic acid) resin. The
Company is pursuing several options to obtain further material and is also
trialling alternative materials. Until such alternatives are in place, there
will be some delay with investment in manufacturing facilities in the US. '

So, Greenseal (probably the reason most of us long-term investors invested in the first place - remember the 300 conversions in the first year?) is virtually dead in the water and no progress on the MMF's (probably the reason why most of us got sucked back into the placement back in September)!

Despite reassurances from some of you behind the scenes, I remain extremely pessimistic.

Deveoping Starpol 3000 and 4000 - whats the point when they haven't been able to flog Starpol 2000?

'we continue to develop the starch cigarette filter technology and will provide
an update when the filtration trials have reached a more advanced stage.'

So why not tell us what progress has been made thus far? I wasn't aware it needed developing - the last mention was that the Patent was up for Auction and that must have been 18 months ago at least!

Schroeders or not, I see this company drifting towards another placement and then going bust. Sorry. As regular contributors will know, I have been very positive in the past - but that was when we expected hundreds of conversions of Greenseal at 45,000 a time and huge sales of Starpol to MacDonalds, Perseco etc.

Now that the likliehood of either (in large numbers) has vanished what is there left to be positive about?

Oblomov,

Welcome back. Like you very disappointed in the results for the same reasons you have given
As for Starpol. Whilst SEO need to keep looking for improvements in products already developed, such as 2000 to 3000, the way they are going we may see in a couple of years comments such as " We continue with development of Starpol 7000 to an even better product, Starpol 8000 has been submitted for acceptance re FDA approval".
Whilst as said SEO need to continue to improve all products and can't afford to stand still on development, the previous sentence would be no cause for concern, as long as (Oblomovs comment repeated) "whats the point when they haven't been able to flog Starpol 2000".
As it is are potential buyers being given the impression that... Why buy an inferior product now if a better one is on the way. Could this be why there are delays in contracts re Starpol in general.
Stanelco's direction still appears to be that of a ship that has lost it's rudder.
I just hope the new management team know how to row ( or swim perhaps).