bosley
- 20 Feb 2004 09:34
milesbr
- 21 Oct 2008 22:50
- 26723 of 27111
Stanelco 'heading' into profit
Posted 5 September 2008 7:42 pm GMT
http://www.prw.com/subscriber/headlines2.html?cat=1&id=1220643729&q=stanelco
kimoldfield
- 03 Nov 2008 00:38
- 26724 of 27111
29th October 2008
Stanelco RF Applications
US Portable Welder Launch at IFAI Expo 2008
Stanelco RF Applications, a world leader in Radio Frequency (RF) products, is pleased to
announce the US launch of its new RF 600W Portable Welder. The welder has been
launched at the leading Expo of the Industrial Fabrics Association International (IFAI) in
Charlotte, USA (www.ifaiexpo.com).
The RF Portable Welder is being marketed and demonstrated by Hall Dielectric Machinery
(www.halldielectric.com), Stanelcos US partner in this field and supported by Stanelco
personnel.
The RF Portable Welder, rated at 600W, has been designed as a machine to material unit
which can be easily carried to different locations or to any level of a building. Weighing just
16kg, this new approach creates the potential for RF sealing in a variety of areas that
traditional, static RF equipment cannot reach.
It is a boon for customers who currently have to haul materials to their workshops, such as
boat cover repairers, and can contribute significant savings in transport costs and workshop
time. The flexible unit is designed to take on different tooling for different applications as the
customer requires.
Neil Martin, General Manager said:
The US launch of Stanelcos RF Portable Welder has created great excitement at IFAI Expo
2008. The products innovative solid-state design opens up exciting new fabrication
possibilities for our customers. We are delighted to be working with Hall Dielectric on this
important launch
At present, hundreds of Stanelco welders are installed around the world in a variety of
industries. This new product strengthens Stanelcos small but growing position in the US
market.
Interim Management Statement due out on Friday; might be interesting for a change!
rpmoffat1961
- 06 Nov 2008 16:50
- 26725 of 27111
hi, been looking at this thread again, anyone tell me what has happened to the superior packaging for supermarkets worldwide that was raved about several years ago, investors still waiting ?
PATISEAR
- 06 Nov 2008 16:55
- 26726 of 27111
Greenseal
Discontinued, as a waste of lots of cash.
gem
- 06 Nov 2008 17:08
- 26727 of 27111
greenseal that was it, thanks, typical penny share, promises promises promises
PATISEAR
- 06 Nov 2008 17:21
- 26728 of 27111
Statement tomorrow.
Should be in profit {2/3mil} this year end.
Yes! that word! 'Profit'
halifax
- 06 Nov 2008 17:25
- 26729 of 27111
profit after admin costs?
kimoldfield
- 06 Nov 2008 17:32
- 26730 of 27111
50p by Christmas? ;o)
PATISEAR
- 06 Nov 2008 17:44
- 26731 of 27111
This Christmas!!!
Do you really really think so??
kimoldfield
- 06 Nov 2008 17:46
- 26732 of 27111
Um.........................no!
hangon
- 06 Nov 2008 19:10
- 26733 of 27111
General observation...poor products produce poor profits and no product produces only losses.
This co has a long way to go to make a profit....one swallow does not a profit make...or somesuch twaddle.
Create a well known phrase or saying from the following in alphabetical order
a
disapointer
serial
Grr!
kimoldfield
- 07 Nov 2008 07:35
- 26734 of 27111
Groan. More trials, but hey! what's this?! Progress, sales, new products! Is this really SEO? Dare we say that the future looks as though there is a future?!
RNS Number : 6725H
Stanelco PLC
07 November 2008
7th November 2008
STANELCO PLC ('the Company' or 'the Group')
Interim Management Statement
The Board of Stanelco Plc today issues its interim management statement for the nine month period ended 30 September 2008.
Overview
The first nine months of the year saw 120% growth in sales revenue to 12.2m compared with the same period last year (2007: 5.6m). We continued to make progress in reducing our operating losses.
Divisional Performance
BioPlastics
Commercialisation of the bioplastics technology continues as the Company broadens its base of regular customers, which is now developed across a variety of European markets.
Sales of bioplastics, made directly by Stanelco, are now up 450% compared to the same 9 month period last year. Direct sales in the third quarter were up 24% on the second quarter, reaching 1.4m year-to-date.
In the third quarter the Company opened a small sales office in the USA to begin the process of exploiting the emerging opportunity for sustainable bioplastics in North America. This renewed activity is being driven by an experienced plastics industry professional and is already creating an encouraging pipeline of trials.
We have continued to strengthen the BioPlastics division in the UK by recruiting further senior technical and customer support expertise with substantive relevant expertise.
Further minor investment in development and testing equipment was also made at the UK development facility in the period. Development trials continue to establish pace and laboratory success, with a number of new products having moved to pre-commercial trials with several customers.
RF Applications
In RF Applications division, the strong enquiry book is gradually being converted into orders and we expect to see some benefit of that in the second half as the General Manager and newly appointed Sales Manager begin to achieve traction.
The optical fiber furnace market continues to show encouraging signs, driven by continued fiber demand in Asia. In the third quarter, Stanelco continued to strengthen its position in China with its first order for its new generation of higher capacity furnaces powered by Stanelco's new RF generator.
There is also growing interest in the newly developed mobile welding products. However, the long lead times from enquiry to order mean that this is likely to have limited impact on this financial year's results.
Financial Position
We continue to maintain a strong balance sheet. Our cash position at 30 September was 6.9m, strengthened since the half year by working capital movements related to stock reduction.
Outlook
Our strategy is clear and good progress is being made. We continue to look for compatible and sensible investment opportunities.
We remain alert to the rapidly changing economic conditions throughout the world, but we have not seen an impact on our business as yet. The Board's expectations for the financial performance for 2008 remain in line with those set earlier in the year.
- Ends -
Paul Mines, Chief Executive, Stanelco plc
Clive Warner, Finance Director, Stanelco plc
Tel: +44 (0) 2380 867 100
Jonathon Brill/Caroline Stewart,
Financial Dynamics
Tel: +44 (0) 20 7831 3113
greekman
- 07 Nov 2008 07:59
- 26735 of 27111
Yes looking good in the main areas, and with a strong balance sheet especially as in the present climate cash is king, I'm tempted to say Stanelco look as if they have finally turned the corner.
kimoldfield
- 07 Nov 2008 08:11
- 26736 of 27111
Dare we dream that the next update will contain the word 'profit'? I really do think there is a possibility!
dealerdear
- 07 Nov 2008 08:15
- 26737 of 27111
You don't mean we might get our money back some time, do you?
Surely not.
kimoldfield
- 07 Nov 2008 08:18
- 26738 of 27111
Nah! It's ok I'm not awake yet!
Um, oh I don't though. Gonna stick my neck out............yes in time you'll get your money back, but I think you'll need to trade the share a bit to speed things along!
dealerdear
- 07 Nov 2008 08:21
- 26739 of 27111
You're telling me!
Otherwise it could be along time and I think it would be more like an inheritance than anything else!!
kimoldfield
- 07 Nov 2008 08:50
- 26740 of 27111
Where there's a will there's a way, or a pile of festering SEO shares eh!
To be fair, this company has been around for a long time, in various guises, and other than having the wrong people at the helm at the wrong time, there is not that much amiss really. SEO's main trouble started when they jumped on the green wagon without having the foggiest idea of what they were doing, losing a lot of credibility along the way. They are a different company now that Mr Mines and co. have taken over, focusing on things they know just about everything there is to know about them and taking their green capabilities one step at a time. There is no reason why my great grandchildren shouldn't benefit greatly from their inheritance!
PATISEAR
- 07 Nov 2008 08:54
- 26741 of 27111
You have great grandchildren ??
greekman
- 07 Nov 2008 09:04
- 26742 of 27111
Kimoldfield,
You hit the nail on the head with, 'They are a different company now that Mr Mines and co. have taken over'. Yes very different!
Since he took over it did not take me long to mentally write of my previous hopes for the company, and on leaving my shares in Stanelco (made a huge mistake by not getting out ages ago) started to look at it as a different company altogether. With Stanelco as it is now, I feel the current sp is, although still risky a very good bet.
I think the next 12 months will give a real indication of it' long term prospects.