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

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.

Agree. Their innovative ideas appeared to be sound, but without a good management team, even the best products (and I'm not saying they had the best product) wont get off the ground. Whilst Stanelco were staring into the fog of the packaging industry which I feel they did not fully understand other companies with similar packaging ideas (bio-degradable) and a sense of direction appeared to surge ahead. The previous team just lost the plot.
I much prefer this steady as she goes approach until things really start to take off than the run before you can walk approach previously held.

With ~3.8m of "Finished Goods/Goods for Ressale as at 30th June '08, I think it was a no-brainer SEO were going to draw down for year-end etc.

In any event, sales appear to be going well so looking good.

35 by Xmas then !!

What stands out for me from the AGM, Interims, Shareholders Presentation and now today is that PM has considerably turned things round in a low-key way, concentrating on getting the business sorted, rather than the SP.

That will follow.

(Hi, to the regulars of old!)

We should have a reunion party!

Tonyrelaxes

No dodgy words in statement??

In the Interims to June bioplastics sales volume was up double on same period previous year.
Now at 9 months they are up 450%.
Hey! This is a massive increase in just these 3 months.
And this was just sales made directly by SEO

No mention of what/how BioTec is doing. But they are no doubt contributing well.

Development Trials continue. New products moved to pre-commercial trials. At the Interims these were showing a 77% conversion of trials into production orders.

Outlook We continue to look for compatible and sensible Investment opportunities.
How about SEO shares? LOL But seriously, reread the posts of 14 Oct to put meaning to this statement ;-)


Baz.
No 35 by this Xmas I am afraid. Not even the 3.5p which would put me back into blue. But I am optimistic of seeing that again Xmas 2010 perhaps?

Pat.
Nothing I had to look up.
Hopeful of a new word being mentioned in the Finals - 'profit'!

Well nearly.
Finally reached 35 by Xmas, Problem is its .35p not 35, not even 35p.
Harking/reminiscing back to the days when Stanelco was a true (1p) penny share.
Ah, those were the days.
The sp is truly bio-degrading.

Profit is a long way off,...but there could be some interesting drops followed by a sort of recovery back to .5p., at some stage might be worth a quick punt !.

NO THANKYOU

Come on...be tempted ! after all it is Christmas...good will to mankind and all !...keep "Brown" in a job, that sort of thing....perhaps not !.

Seen the pic of ramping masterson?

On the dark side

Post 88300