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

One more RNS and it'll just be like the route 29 bus in north London........

AGM - really a nothing event.

Nothing, nothing, nothing, nothing at all was learned except the book value of Greenseal has been written down to half a million.

The Chairman was very tight lipped and would/could not answer most questions claiming (variously) legal proceedings, confidentiality, rules (not sure who's), not falling into the year being voted upon, etc, etc.

New man, Paul Mines, said nothing - he just sat there, smiling at times at the more searching or ingenious questions. I spoke to him afterwards. He came across as (or at least sounded) personable, confident and a knowledgable operator - but again answered some questions with "I cannot say" ! Imposing stature, well tanned (hope that fades fast as he remains indoors working for us - it would be nice if he became a shareholder soon). He is working full time at SEO, having passed the running of his wind-farm project to his partner. I hope he has put the wind behind him.

New Chairman also said nothing. It would have been nice if both the Newies could have said a few words about themselves. But giving information seemed absoultely forbidden.

Howard White (and son, I am told), Ian Balchin, Barrie Hozier, and Bruce Drew and possibly others I don't know, were all there as shareholders. Twice as many ex-Directors present than comprises the entire Executive Board !

I came away frustrated at the stone-walling and lack of information (announced or gleaned). From other 'private' conversations afterwards I am happy the products are still great (including Greenseal), in demand and should be successful if/when they get selling.

One worrying rumour from another attendee is that McDs/Perseco had accepted Wrap last autumn but not proceeded because no-one returned their phone calls.

I asked Paul Mines when can we expect some news - before the Interims? He hoped so - but don't we all.....

I am continuing to hold, but watching even more carefully. I seriously need some encouraging News (not noise) and if it doesn't come I will look to move on.

The lunch was good - thanks for that Oily

There is nothing attractive about this as an investment now - I'll choose my moment, sell out and move on.

Good luck all.

Tony....
On PM's board there was mention of talks with 'Sealed air' can this be confirmed or is it just hot air?

Tweenie,

Yes, they said they were "in business" with Sealed Air but this was quickly retracted to "negotiating".

I am out for an hour or so but will answer any other questions later or over the weekend when I can re-listen ;-) to my "notes" for the actual verbatim.

Changed my mind - I will stick around on readin this from another thread!

'positive news on Sealed Air, Lovegrove confirmed they had been "impressed" and that we are "doing business". '

http://www.sealedair.com/index.htm

Did you not pick up on this, Tony?

Sorry - my post 'crossed' with yours.

Quite a difference between 'doing business' and 'negotiating'!

We all know how long SEO's negotiations can take and where they usually lead, unfortunately.

Just find this article from April 2007:-

Asda takes the lid off new RF packaging
Page 10

Asda has begun a trial of radio frequency (RF) sealing of own-label ready meals in a bid to eliminate leakage and substantially reduce materials costs.

The RF sealing method, developed by packaging specialist Stanelco as an alternative to heat sealing, could be rolled out across Asda's suppliers if successful.

Stanelco's chief operations officer Tony Robins said: "Compared with conventional heat sealing, RF joining produces a higher integrity seal between a tray and its lid. As well as using less energy and fewer materials, the process needs no coating or barrier layer on the base polymer, making the packaging easier to recycle."

He added that all supermarkets were interested in the technology because leakage from ready meals was a big problem.

"It doesn't involve major up-heaval in production," said Robins. "Tray sealing machines can be retrofitted -- you don't have to strip everything out and start again."

The technology, currently being tested on an Asda pasta and chicken microwaveable ready meal from Ferndale Foods, is also being tested by a major multinational food packaging company, said Robins.

Tony Ruane, technical manager for meals at Asda, said: "This is a first-to-market for Asda.

"The environmental benefits are immense and we are looking forward to working with Stanelco to widen the reach of RF packaging in the coming months to other parts of our business."

techno,surely that is old news,have you got the dates right, Terry Robins is no longer with SEO.I Beg to be corrected. Thanks Tony for your unbiased factual report, look forward to hearing more. What to do?what to do? or even what a to do!! cheers to all.

Tonyrelaxes - 27 Apr 2007 18:32 - 24299 of 24303
Tweenie,

Yes, they said they were "in business" with Sealed Air but this was quickly retracted to "negotiating".


Typical SEO speak.

Tony, I have never held these and always marvelled at the excessive claims for this company.

However, your posts are a paragon of clarity. Good luck.

Guess I'll still be here for the next 6 months.
Not happy, but too intrenched to quit just yet.
Still believe in products.
Negotiating with 'SEALED AIR' HHHmmmmmmmmmm sounds all too familiar....
JAM TOMORROW
:-(
just sell some stuff and make some cash

tweenie

Get off the 29 and try the 168 or 24.

The company wants you to be fed up and sell your holdings so the Institutions can pick them up.

Stanelco are fed up with so many private shareholders being on the register.

Don't be put off - there is more going on than they would let you believe.

This WILL be a winner for most - but in time ie. 18 months or so, do investors think the Institutions are there for fun?

Remain positive and if time is not your enemy then be patient.

PS: Sorry for the spelling, just had a most fantastic bottle of white!!

Re: Sealed Air (from my notes, slightly abreviated but all these words were said - in this order!):-

Questioner 1. Could you comment on the state of relationship with Sealed Air?

PL. Would you like to answer that Clive?
CW. I havn't had any personal relationship with SA but as far as I know the relationship has been a very positive and sound one on many fronts.
PL. ..and continues and business is very much in the offing with Sealed Air.

Q 2. Are they still in Southampton?

CW. I can't answer that.
PL. They came over to review the product, they have gone back ... we are in business with them ... they were impressed and discussions continue.

Tony R,

Many Thanks for your report on he AGM. Would have liked more upbeat info, but you can only say it as it is.

I found your following statement amazing...."One worrying rumor from another attendee is that McDs/Perseco had accepted Wrap last autumn but not proceeded because no-one returned their phone calls"

If you had said this about any other company I would have found it unbelievable, BUT as it's Stanelco it could easily be true.

Perhaps they then visited the Web Site and saw how out of date several of the links are. You know the ones, Page being updated.

Pathetic.

Thanks again.
Greek.

Yeah, thanks for attending and sharing the experience Tony.

Sealed Air. What is it in SEO that they are negotiating?

I assumed it was Frogpack but I am also wondering if they are looking at Wrap (or similar) as a biodegradable material with which to manufacture their existing products (bubblewrap, air pillows etc) in place of present petroplastics.

Any thoughts on this anyone?

Given that they make jiffy bags. I'd be more interested/excited about the bubblewrap being replaced with a biodegradeable version.
Now thats a global market.
Off to watch football and drink beer.

I'd assumed it was for the use of biodegradable material for existing products but thats not based on anything concrete.

This is from the Sealed Air website and suggests the present situation for disposing of Bubble Wrap is not very green:-

'Sealed Air Recycling and Return Programs
Air Cellular Packaging Recycling Program
Wherever possible, we suggest you reuse Sealed Air air cellular cushioning material. Sealed Air utilizes a manufacturing process that co-extrudes a nylon barrier with the polyethylene for better air retention which increases its useful life expectancy. The best way to keep materials out of the waste stream is to use them as long as possible.

If you cannot reuse Sealed Air air cellular cushioning material, it can be returned to one of the locations listed below; Attn.: Recycling / Return Program. Please ship prepaid. COD's will not be accepted. Materials may be dropped off at these locations. Please call in advance and ask for the Recycling Coordinator. Polyethylene materials must be free of tape, labels or any foreign materials. Scrap must be segregated by type and bagged or baled. In countries, such as Germany, where laws mandate collection and recycling of used packaging, Our air cellular packaging fits within the established infrastructure.'

'

Their other products are similar in this respect :- see
http://www.sealedair.com/corp/faq.html

Does anyone know what Frogpack is made from? From the SEO site says:- 'FrogPack can be made from recycled and or sustainable resources therefore reducing demand on the planets natural resources '

Presumably it can be made from biodegradable materials, but I wonder if any trials have taken place!

Oblo

Looking at Frogpack's own website www.frogpack.com it is more a brand name, covering various products, Frogpack, Frogmat, Frogwrap and probably soon even The FrogsBollox - especially useful for wrapping and sending the bullshit (or is it frogshit?) to SEO PIs!

I get the impression from the Environment page Frogpack is mainly all cardboard. Frogmat has some plastic and Frogwrap mainly all plastics. Remembering the Board yesterday I shudder to think who provides the raw material for Frogshit - what a mental picture.

All ingredients are biodegradable compostable etc.