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

Statement tomorrow.
Should be in profit {2/3mil} this year end.
Yes! that word! 'Profit'

profit after admin costs?

50p by Christmas? ;o)

This Christmas!!!
Do you really really think so??

Um.........................no!

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!

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

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.

Dare we dream that the next update will contain the word 'profit'? I really do think there is a possibility!

You don't mean we might get our money back some time, do you?

Surely not.

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!

You're telling me!

Otherwise it could be along time and I think it would be more like an inheritance than anything else!!

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!

You have great grandchildren ??

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.

PAT, no I don't have great grandchildren yet!

Greek, if they can make headway in the US at the moment, then the turnaround miracle will be complete!

Bet you are not even married to a woman.

Oh yes PAT, I certainly am! and what a woman she is!! 3 daughters keep me in check though! ;O)

"other than having the wrong people at the helm at the wrong time, there is not that much amiss really." Yes, but isn't that rather crucial?
However, I thought that when the last statement was issued that SEO may have turned the corner, and this looks like further evidence that they have, although they risk not having the cash flow to support the borrowings in the present downturn.

What I was referring to Sharesure was the core business of SEO, their foray into the wonderful world of 'green' was instigated by previous 'wrong' management. Yes, there is hope so long as a tight rein is kept on expenditure, which appears to be the case.