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

strange...SEO thread seems pretty quiet considering results out friday...maybe the j boys want it all to themselves like qxl

Hoped for better.

RNS Number : 1519Y
Stanelco PLC
28 August 2009




28 August 2009


Stanelco plc ('Stanelco', 'the Company' or 'the Group')


Interim Results for the six months ended 30 June 2009


Financial Highlights


*

Group revenue up 9% to 8.1m (2008: 7.4m)
*

Loss from operations reduced to 1.5m (2008: loss 1.6m)
*

Loss from operations before share option charges reduced to 1.4m (2008: loss 1.9m)
*

Loss before tax increased to 2.7m (2008: loss 1.1m) after partial reversal of foreign exchange gain on intercompany loan
*

Closing Group cash position 3.4m (2008: 6.2m)
*

Investment of 1.3m of cash into working capital to meet increased sales and seasonal stock build ahead of summer production holiday

Business Highlights


*

Continued levels of good growth:


o

29% growth in bioplastics sales made directly by the Company as focus on new products and growth continues; 29% growth in sales in RF Applications as business broadens into new market areas
o

Significant progress made in developing new bioplastics products with major customers

*

Benefitting from working closely with customers to develop products
*

Confident in full year outlook


John Standen, Non-Executive Chairman said:


'In the first six months of this year Stanelco has made further significant progress in the development and delivery of its product range for the plastics market which will meet the needs of the 'sustainable' agenda. This is being delivered both from the intellectual property (IP), cash and other resources in place in 2007, when a more professional and appropriate approach was adopted by the Company, and from the impetus brought by well qualified and experienced personnel.


In the BioPlastics division, the R&D team have begun the commercial testing of new products based on novel IP built over the last 18 months. We have also begun material shipment in advance of a substantive product launch in the second half for one of our target markets of personal care. In the Radio Frequency division, a widening of the technology base is also beginning to deliver growth in a variety of markets.


Your Board believes that the growing evidence of success in these endeavours is the key to proving Stanelco's ability to build a cash generating business for the future. We will continue to work closely with our customers to deliver further revenue growth, while we assess acquisition opportunities that we believe would provide us with the size and scale to improve shareholder value.'


- Ends -


For further information please contact:


Paul Mines, Chief Executive, Stanelco plc

Sue Bygrave, Group Finance Director, Stanelco plc




Tel: +44 (0) 2380 867100


Jonathon Brill/Caroline Stewart,

Financial Dynamics


Tel: +44 (0) 20 7831 3113

The next results have to be better.

It will be interesting to see what happens in the next 6 months. The following is taken from the above RNS:

"We have also begun material shipment in advance of a substantive product launch in the second half for one of our target markets of personal care."

Might just finally get there? - I don't hold these but have been reading with amusement. Still, PXS has stirred at last...

This is like the 1 penny club on "deal or no deal" except worse....

For "In the first six months of this year Stanelco has made further significant progress in the development and delivery of its product range for the plastics market" read "We have made a bag and have bought a new battery for the Reliant Robin"

50p by Christmas 2010? :o)

Me thinks your decimal point is in the wrong place ...

;-(

Lol! - thanks you guys

another cash call coming next year?

As already mentioned it will be interesting to see what the position will be in another 6 months. On one side is the positive (could be a bit of the old spin) re the substantive product launch in the second half for one of our target markets of personal care, whilst on the more negative side SEO is still not in profit, with a still fairly heavy cash burn.
So it is just a question of which side of the coin wins through.

"which side of the coin" - did you misspell con Greek? ;o)

It's still the same old story with SEO. Yes they have potential and yes they actually do have good products, what they lack is any ideas on how to maximise what they have. I'm giving them another 12 months to get their act together, if it hasn't happened by then I'm going to set fire to their Trotters Independent Trading Co. van.

Ah, looks like there is someone out there as sceptical and suspicious as myself (coin/con). The coin of course would be about a one and a half old pennies, which is the current value of each share.

dont you think its bizarre that this is the most posted thread on moneyam..it reminds me when QXL threads were on ADVFN...could this stock follow a similar fortune to QXL ? I.E, getting very close to running out of cash but becomes profitable just in time and evolves into a 200 multi bagger in 3 years...place ya bets guys!...i have...

'Bets' is the right word Maestro! But if you only bet what you wouldn't miss if you lose, then it's worth a roll of the dice

Christ if maestro has put money into SEO then we're all doomed!

SEO's new logo. "The future's bright, the future's....hmm, erm, er biodegradable? Can that be right?"

What a class share!! still blue in the face of a down day. Onwards and upwards.......lol

Could SEO finally be about to move up? Is there a nice chunky order about to be announced? Could be!!! Something bubbling under the surface.

have you got everything crossed still??? lol

something bubbling under the surface! it must be the curry I had last night