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

Lol Oblo!

I hope for the workers' sakes (and SEO's) that a solution is found, not the end for Froggie of course, just very incovenient. Someone is going to be hopping mad.

Jobs left in balance
Apr 20 2007


By Rebekah Ashby, The Journal


The jobs of 35 packaging workers in the North-East are hanging in the balance after a failing factory elsewhere in the country caused its parent company to collapse last night.

Nottingham-based Merlin Packaging Group only bought the operation on Gateshead's Team Valley from the South African Mondi Packaging Group 11 months ago.

Now its workforce, which makes corrugated sheet board and ancillary packaging materials, has an anxious wait to see if administrator Deloitte can sell their facility as a going concern.

Administrators say the 20m group failed because of cash flow problems caused by losses suffered at the Stoke on Trent division.

The two-acre Gateshead factory, which turned over 2.6m last year, is part of a nine division group which has operations across the UK.

Dominic Wong, partner in Deloitte's Reorganisation Services practice, said: "The Gateshead site is a profitable one but part of an unprofitable group, so we are hopeful of selling it as a going concern and saving the jobs there.

"Each location has a good reputation for customer service and a good customer base within its region. Each location is a stand-alone business and we are seeking offers for the businesses either as a group or individually."

He said that while action had been taken to reduce capacity and improve productivity at the North Midlands operation, the losses incurred had irreversibly affected its cash flow.

Merlin Packaging Group was specifically set up to acquire a number of packaging businesses with a framework for "sharing costs, achieving growth and making a difference in the market".

The group trades under three brands. These are Elderglade Packaging, which turns over 1.5m and has 25 staff in Ilkeston, near Nottingham; Birmingham's John Baldwin Packaging Services, which employs 20 staff at the 1.5m turnover business; and the bigger Merlin brand, which trades from seven locations and employs 175 staff.

Mr Wong, David Langton and Andrew Peters, of Deloitte, were appointed as joint administrators of Merlin Packaging, Elderglade Packaging and John Baldwin Packaging Services yesterday afternoon.

Merlin Packaging is one of the UK's largest groups of independent sheet plants. It acquired businesses based in Great Yarmouth, Stoke, Glasgow and Aberdeen when it bought the Gateshead plant.

Let's hope 1/ They pull through(administration is akin to chapter 11 in the states )2/They don't owe SEO a shed load.I will add this to the list of q's for Friday.On the bright side there must be other companies prepared to take on Frogpack

This has to come up at the AGM (Merlin/Frogpack). If not no doubt it will be bought up from the floor. May not be much more than a delay re Frogpack, but clarification is required. Will be grateful for any info from those going.
Will not be attending myself as packing for hols, Egypt the next day for 2 weeks.
It's at tough life but someone has to do it.

really beginning to think we have our hands in sticky treacle here,stuck with SEO through thick and thin,but it all seems to be getting abit messy!! cheers anyhow.

I still believe FrogPack is going to be the saviour of Stanelco - its a great product and I cant for the life of me understand why they aren't selling more!

So that's what the French do with the rest of the frog, I always wondered!

.

At 1057 hrs, it looked like there were many orders triggered to sell at 1.16p, then another triggered amount a minute later at 1.15p via the auto trade system. Apart from that nothing much happening today.

I would have expected an RNS or at least something positive from SEO re frogpack/merlin to try and shore up the SP before the inevitable slide.........
I guess it would be asking too much for them to give a rats arse about our money until it falls below the sp when SCHRODERS et al invested.

TRULY A BUNCH OF MERCHANT BANKERS

Tweenie,

If this had been any other company, I would agree with you, but as it's Stanelco, I have reached the stage where nothing surprises me any more. Like you rightly say, "It would be asking too much".

Anyone who wants to make money out of SEO might consider opening a stall outside the AGM venue selling bad eggs, and rotten tomatoes. You could get a better price than the sp and there would be more interest.

On the Stanelco home site, under products the Biodegradable Airbag Packaging has been showing this message ( The page is in the process of being updated ) for well over 6 months. Yes, I have mentioned this previously, but I am just wondering if the message on the Frog Wrap page " The product is currently unavailable, please check back in the future for updates" will still be there in a similar time frame.
You can imagine prospective customers, seeing these messages. It would not instill confidence in the company or the products.
Perhaps this should be added to the many questions asked at the AGM.
In todays world, companies web sites, and site contents are the window to the worlds consumer/customers.
If SEO don't have some very good answers this Friday, their window of opportunity may very well close and stay tightly shut.

Some interesting exhibitors here - but why not Stanelco?

http://www.pkgeurope.com/?page=30&language=en&eventid=1

In future I'll post anything relating to SEO on the 'Talk to yourself' thread!

I will just keep taking the tablets and control my fantasies for awhile longer but waiting for positive news is becoming more and more frustrating.

Not alot to say oblo,its a sad state of affairs right now,I think we have all run out of steam with this, why I dont know, but still holding, Oh yes i do know,I'm still losing!!!!!!!!!!! Cheers.

Oblomov,

Not ignoring you, it's just as Boldtrader says, Not a lot to say.

Keep the faith.

Oblo

I think of you every waking minute.

There now, pull yourself together man ....

STANELCO...... The self help/heal thread.
:-)
Sooo much love.

I never knew you cared so much!
lol

I just had the feeling no-one was reading this thread anymore - at one time the Packaging Summit thread would have led to pages of speculation. I guess the speculation now is more likely to tend towards the negative, so why bother?

I'm still holding in my isa--the co. has plenty of cash and now institutions very much onboard. This is a hot area and I'm sure eventually the sp will respond--all we need is good news! patience required--IMO.