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

looking at trades, I might just have to eat my words.
Not too proud.
he's still a cock.

'the Stanelco Bioplastics team have begun to achieve some encouraging sales traction'

What the hell is 'sales traction'? I thought traction was something you put a broken leg in.

'Development trials at the bioplastic pilot unit, commissioned recently in the
Company's UK facility, have started '

Whooppee!!! More trials.

'an expansive set of trials are underway'

Expansive or expensive?

'Sales are in line with Board expectations and last year'

i.e. Zilch!

'At 31st March we had cash of 7.5m and continue to consider sensible investment
opportunities for these funds.'

Well, don't invest it in SEO - put it somewhere sensible like Northern Rock.

'We expect continued good progress in the Company's main businesses'

i.e. RF applications - nothing very explosive likely to happen there. And presumably if they single out RF applications to comment on 'good progress' , they're not expecting good progress elsewhere.

Mr Mines is beginning to sound like Gordon Brown.

Traction... Meaning to stretch (could that mean stretching sales or the facts).

Continued good progress in the Company's main businesses...Meaning we sold 2 RF machines this year against 1 last year.

I will be very happy to eat my words so to speak, if the AGM gives believable substance, but not holding my breath.
To me this is the last chance the present board have of putting that forever elusive MEAT ON THE BONE.

Just back from AGM - and some beers after!!
I got there after the AGM formal proceedings but got most of PMs presentation.
Basically 'tomorrow'. Now have we heard that before?
This time PM is purposely preferring keeping quiet.
Many trials under way - some with costs (or materials) being paid for by the other party.
BioTec capacity available now 24/7.
Some bioplastic uses now in market place eg. phone cards
Agricultural applications of bio plastics under way - soil coverings, tree tubes etc.

If this were my first SEO AGM, I would be pretty excited. But it is my 4th...

Are there any plastic coffins?

So more jam the day after tomorrow. When the remaining 7million has been frittered away will somebody please switch the lights off!

Just got back from the AGM.

I am a long term holder so my average price is quite high and by main reason for attending was to try and determine whether this company is going to survive or go into administration.

The chairman went through the business in about 30 minutes - all resolutions passed despite one or 2 questions from the floor.

Paul Mines then gave a presentation - which I see is now available on the web site.

Must confess that I was impressed with the guy - no bullshit, no promises - but quite upbeat in terms of the fact that he believes they have a sustainable strategy that will deliver shareholder value - although he was at pains to stress that this would not happen overnight. I got a very healthy impression that Paul is of the "underpromise, over deliver" mentality.

I liked the slimmed down board and my view of the board was:

John Standen - quietly competent - a breath of fresh air after the wishy washy Philip Lovegrove - I fely he had values and played by the book. Perhaps not a big hitter.

Paul Mines - Pragmatic (probably his middle name), enthusiastic, focused on delivery and a leader. He used the phrase more than once that he would not release information to the market until the "lorries were loaded and leaving the premises" - and he was certainly not going to release an RNS for every contract signed. - a refreshing change from the previous regime. It is likely that we will get more news released in future via the web site as orders are signed and delivered

Elizabeth Filkin - a waste of space in my opinion - she was the senior non exec in charge of monitoring the performance over the past 5 years of the company as it went from 2p up to 30p and back down to 0.2p. Why she is there I do not know as I think she is as culpable of some of those that paid the price.

Clive Warner. Mmmm - not sure - I think he is a good accountant and has helped restructure the company - but not convinced of his ability in the main stream - hope I am wrong.

Paul would not commit to any forecasts of sales or breakeven - keeping that info very close to his chest - but what did come across was the very high level of interest from all sorts of suppliers and the very high number of trials that were taking place. It was almost (my interpretation) that they were being swamped with enquiries and requests for trials and were not able to satisfy demand - hence I guess the increase in sales staff and need to recrruit more technical staff.

Paul was at lengths to stress that our products were not as good as some of the petro chemical products - and in some cases a long way from being competitive - but that the gap was closing all of the time.

Aquasol has limited ongoing development - sufficient to retain existing loyalties
Biotec is now capable of 24*7 production up to a maximum of somewhere between 12 - 20 kilotons per annum ( I think he said we are producing about 3 kilotons per annum at the moment).- with a 48% increase in sales over past year

My overall conclusion.

I am not going to loose any more money.
2008 will be a turning point
Stanelco is still best in breed and has competitive advantage over others coming into the market.
Success will not happen overnight - indeed it may well take 2 or 3 years for Stanelco to really start moving its sp
Paul has set the agenda for the company - things like cigarrete filters, whilst not entirely dismissed - are not a priority. His priorities are clearly set out in the Report and accounts.
Paul is a leader and will not let other things that do not add shareholder value distract his management team.
One gets the impression that ,at last, the company is being run in a much more professional manner.

Must emphasise that this is my own personal view - and others may disagree - but I hope I have got the facts correct - I am sure others will comment as appropriate

Thanks for the 'reports' Barry and Tony - appreciated.

Thanks for the 'reports' Barry and Tony - appreciated.

So Paul is going to lead us to the promised land!

Tony and Baz, thanks for sharing the info. Looks like I don't have to give up on this company ......yet!

Oh I still see plenty of volatility - but at one stage I thought this compamy was dead - I dont any more. It will be a long haul and it wont happen overnight - so not a company for making a quick buck on - imv. More one for the long term.

My guess is 35 by Xmas - 2109!!!!

Thanks for sharing info. Iam in for the long haul. I think we will get a rise in the sp tommorrow after shaking out some more weak holders today IMO.

Yes, thanks for the AGM update.
Whilst not fully convinced by a long shot (as I am sure most will still be as I am, the skeptical, jam tomorrow or never types) I would sooner have no or slow news than the forever spin of the past.
So I will lay off the get at Stanelco comments for at least 12 months (unless they give cause) and give them the chance/benefit of the doubt.
Lets just all hope the current board members are worth the time and effort.
Time as they say will tell!

So bullshit has once again baffled brains!

Thanks for the reports, guys.
It would be a record breaking company that couldn't make a sale in this climate, in this arena!!
If Greek is going to lay off SEO bashing I need to give him something to write about so I'll finish by saying I'll sit on my stump and wait for some action..........

Not like you alan ??

It was'nt so much an AGM as a statement of common purpose. PM not forthcoming at all, nothing new- yes loads of trials etc but no timelines , no names, no blame. Was i impressed? I had had a few sherberts the night before so was easily pleased , but i guess Mr Mines glass is neither half full or half empty-it just contains a quantity of solvent in line with expectations.
Will i be selling. No. I like the agricultural trials- easy money. i like the tubes , i like the creditabal partner for frogcrap. Am I pleased. No. am i depressed? well there was KK's wiped off my investment this morning , but I am nascent at present in line with my lower expectations. I tried to get a few answers- fat chance. I think the interims should enlighten all from what i gathered but who knows if i was being fed a line. Still non the wiser re future but happy that it ain't going tits up overnight. will i buy anymore- depends on them actually delivering a proper deal not a promise/trials. Another snipped worth a mention was the ART instalation by Melanie something, I got impression it's rerlease might bee coupled with good news. have a hangover, I made some notes on PDA but vison too blurred to read proparly. See you all tomorrow.

At the AGM with Tony and Barry but not pub!A few more facts1)Capacity of Biotec running at 24//7 12,000 to 20,000 tonnes per annum,Paul couldn't be closer than that.Anyone able to crunch that?2)Stanelco only use about 20% of their output from Biotec the rest being sold to Sphere,at least that was how I interpreted the answer to my question.3)Couldn't get an answer as to who Spheres end users were but most of thier production was thin film such as bags Paul said.4)In answer to my question "is a share consolidation on the cards" the reply was "we have been advised against it"5)Greenseal is dead for food trays but may have other applications and patent issues with reagard to same are being looked after....Overall I'm very happy to keep holding and have more confidence in the way forward now than at this time last year.What is quite clear is that the board don't want a repeat of the fiasco of a few years ago with the share price flying on the expected roll out of Greenseal etc,as Paul said "when the lorries start leaving fully loaded then we will make an announcement"..so hang on in there for the long term but don't expect miracles overnight or serial positive RNS's like the old days.HW wasn't there either!Off for a bottle of claret.

Thanks to all for information update and opinion.