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

tfc, i was happy with anywhere BUT london!!!!

well if "little Harvey " lives there . Well ... enough said ,,lol Doncaster it is . Wheres my map ? ,,,

i have been told that peel hunt MM's have been mopping up all the sells, obviously for clients or one client. So they must be expecting news this month as was mentioned in Evolution update.

Offer price 23p now.

spotted...

Stanelco plc



Results of AGM





At the AGM of Stanelco plc, held this morning at 11.00am, all of the resolutions proposed were duly passed, including resolutions six, seven, eight and nine which did not relate to ordinary business (as defined in the Listing Rules).



Copies of the resolutions which did not relate to ordinary business have today been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authoritys document viewing facility which is situated at:



Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS



Ends

I thought I could smell some thing; all this is making me feel hungry.
Youngs Bluecrest, a leading supplier to ASDA Stores Ltd.

http://www.youngsbluecrest.co.uk/youngs.asp

Youngs Bluecrest is one of the UKs leading food manufacturers, and is the largest producer of seafood in the UK. We supply most sectors of the market, from supermarkets to pubs, from fish & chip shops to schools and hospitals.

altogether...........
we will have a fishie
on a little dishie
we will have a fishie
when da boat cums in......

Stanelco AGM
For those unable to get there and who are not therefore the proud owner of a sample of frogpack this is some feedback:
Chairman; very cautious (probably rightly so) and backed by some good independent NEDs. Made a point of saying that he will always err on the cautious side in any statements put out by the company and on my assessment of him today I would believe that. He has a lot of City experience and a reputation to maintain, and just seems that kind of person.
Confirmed that their business model was following their plan and the first ASDA customer trial with Youngs Bluecrest Seafood had produced results in excess of their expectations. Whether the other two trials will still be deemed necessary in the light of this there were some hopes that a decision to press ahead may be made without waiting for these to happen. The 12 month exclusivity clock with Asda in the UK starts ticking the moment the first order is signed; so if Youngs go ahead, which there seems every belief they will, then there would seem to be an advantage to Asda to assist an earlier roll-out.
Engineers from Premier and Advanced Engineering are already in the UK being trained. These arrangements sufficient to cope with US demand; UK demand can be handled by existing staff.
Walmart presentation in USA and Germany will take place shortly. Walmart also has 1000 stores in Mexico.
A big selling point for Walmart is that they could reorganise their in-house butchery business using the longer shelf life that RF packaging would give them. In common with all other users, not only would they get the cost and environmental advantages but also cut the waste/carcase (reckoned to be as high as 20% with normal packaging).Meat apparently changes colour after 5 days, making it unattractive for sale, even though it is still edible. 3 of those 5 days are lost in the distribution chain, so shops have only a limited period to sell it. RF extends the 5 days to 15 days.
Company believed to be adequately funded for their business model; no further calls for cash unless the business becomes overwhelmed by demand way beyond their expectations.
The Board and employees, as a result of todays resolutions (all passed), can now be properly incentivised via a share ownership scheme.
Litigation: 3 disputes; SEO has won the IPR/patent battle for two; the third is the subject of an imminent appeal hearing which quite naturally SEO expect to win. Work on the products involved (capsules) is being given lower priority pending the outcome as there is sufficient to keep everyone going on the RF front.
Howard White, whose family foundation owns 25.77% , is spearheading the US roll-out and looks to be a long term shareholder. Comparison with Tetrapack; I think his view is that the range and versatility of SEOs products give it a far greater potential.
Competition: They have not come across anyone in the same field; ultrasonics are apparently too expensive. Any new RF entrant would need deep pockets since SEO could just see them off with an aggressive pricing policy.
As for the big question, the share price, the chairman seemed surprised that it had travelled so fast; I dont think the other directors were. By his own admission he is a cautious individual. So I suspect it may linger around its current level plus or minus 10% until the next announcement which could occur at any time from now on. The great thing about SEO is that it has so many potential world beating products that at any time it will have the capability to announce a blue sky deal and when it does any statement will have the credibility to really move the price. Not a shorters share in my opinion.
Hope that helps.Thats my reputation on the line!

Thank you for sharing that with everybody sharesure..JB..

evening all . i have copied this from a poster called camilla on iii. hope she doesn't mind.


"I went to the AGM this morning. Here are some thoughts:

The chairman,Philip Lovegrove, said they had signed the deal with Asda because Asda was the company that was prepared to move fastest. But he said the other supermarkets were "all still there, sniffing around."

Beyond the trial with Youngs Bluecrest, a further trial with another Asda supplier should be beginning next week with a third one starting in two to four weeks. It's possible that Asda might make a full commitment to Stanelco before all three trials are completed.

Howard White (deputy Ceo) has opened a small office in the US to push things on with Walmart. Mr White pointed out that Walmart isn't just a US business, it also has strong operations in Germany and Mexico and Stanelco will be presenting to those parts of Walmart too.

The interesting thing about the US is that US supermarkets are apparently behind the UK when it comes to selling meat in stores. Apparently most US stores still have in-store butchers where the meat is carved up and the bones are removed and so forth. In the UK that work is now mostly done at depots operated by suppliers to Asda/Tesco whoever.

Walmart is now beginning to switch over to packaging meat away from the store, and that means it's a very auspicious time to pitch to Walmart. Apparently the other US stores are not so advanced in making that switch. Ian Balchin, the ceo, said that Walmart was watching Asda closely.

Terry Robins, the COO, also emphasised to me that meat isn't the only area for Stanelco to attack in this area. Ready meals is a fast growing area.......

What about competition?

Ian Balchin said he was looking out for competition and hadn't seen it yet. He added: " if we stand still someone will catch up."

A poster on Advfn has suggested that Stanelco's technology could be superseded by "ultimate radiation." Balchin was sceptical about this, pointing out that the issue of electromagnetic emissions would then emerge (as with mobile phones.)

Bioprogress

Needless to say, Stanelco think they're going to win the appeal in the patent action. If they don't win, Balchin said that the edible capsule business would be put under review. The company will look to invest in whatever parts of the business where it can obtain the greatest return for shareholders. The capsule business is pretty much on hold until the litigation is finished.

Funding

The chairman gave a heavy hint that the company would probably do another fund raising at some point. This would boost working capital as the company expanded. He said he didn't like debt.

They were showing a short video on Frogpak. They put a champagne bottle in a frogpak and dropped it from a helicopter. The champagne bottle survived in tact when the packet was opened on the ground. So that was impressive.

I came away from the meeting pretty confident about the company's future. What I need to think more about is valuation."

i really don't think there is anything to worry about. the company is successfully making the switch from engineering to an intellectual property business. there are massive potential revenue streams in the technology that they have. trials are more successful than anticipated and seo are now ready to make presentations to a very serious player, walmart. when you think about it, does it get any fucking better than SEO!!!!!!!!

Great post, Sharesure - thanks very much. Very much in line with expectations but fills in some details. The impression is that we are nearing the end of Phase 1, putting everything in place; phase 2 is the roll out. Seems, the next RNS will probably be the confirmation of first ASDA orders.

Have there been paid for deliveries. What about the earleir deals reported?

Eric

well done sharesure. great post.

Thanks sharesure and camilla bosley (hey, nice moniker!).

They say that a share price climbs a mountain of worry. The only reason it doesn't get to the top is that something stops it. There is nothing stopping SEO - not a single but or if, just "excuse us, we're busy climbing a steep hill, we'll keep you informed as we make progress". Not one trial has come back with less than results exceeding expectations.

Only area of divergence between ss and camilla's report was the fund-raising issue. So, they may want to raise more capital - first one to decline the rights issue gets a prize - don't think I'll be needing to buy one, do you. Bring it on, if they need it.

OK, eric, I'm off to me basket for the next 4 weeks. Wake me up as we pass 30p so I can pay my respects. I'm ordering a new bone for the 50p piss up.

SD

I always knew sd was a basket case! So bos is related to the Duchess of Cornwall. Amazing what you learn on this board! Mind, Camilla's language would appear to suit bos rather than Charles.

Sharesure: can you clarify the fund-raising issue? I doubt whether it will be that big, anyway. Linked to my previous question re paid installations for some of the earlier RNS clients. Do you have any other comments on Camilla's revelations? It appears that SEO are not hiding behind patents but rather seeking to exploit their market lead as quickly as possible before competition emerges.

Eric

Simon Cawkwell is posting on the SEO thread on the otherside,.. don't think he is very pleased .LOL.

Slmon Cawkwell - 22 Apr'05 - 13:06 - 36433 of 36542


Crazi
it is not what was in the agm statement it is what was not in the statement
as an agm statement it leaves a lot to be desired and shows the incompetence of all you pi's for not questioning what the board has refused to tell you all in the agm statement and did you know that they tried to have the agm behind closed doors and did not want my man to attend
they must have thought that he was going to ask some embarrassing questions
a bit like this thread don't you think

Sharesure
Again Great post, Sharesure - thanks very much, very good report back.

i'll tell you what wasn't in the statement. there was no mention of any doubts concerning asda. there was no mention of failed trials. there was no mention of seo being a one horse company. there was also absolutely no mention whatsoever of any chance of failure.
what has become clear since this morning is that since the company changed tack a few years ago from being a straight rf/welding company to being an ip company they have taken huge and very important strides.
they have faced problems head on and dealt with them. every step of the way they have kept shareholders informed. now the real momentum begins as ideas become deals. and does it get any bigger than asda? before anyone says tesco...they were too slow. now seo have revealed they are going for walmart. the potential is quite phenominal just from this one revenue stream!!

aparrently ek wrote this.

"as an agm statement it leaves a lot to be desired and shows the incompetence of all you pi's for not questioning what the board has refused to tell you"

i agree 100%. taken from dosum's post 3317

"A meeting took place with Sainsbury a couple of weeks ago and 'they loved it.'"

did nobody ask the board what the meeting was about!!!!!!??? what is the "it" that they love? please , dosum , details.........
and as for fund raising, i hope this time we get a bite at the apple and it isn't a placing.

Roll Up Roll Up (it's a bit slow but its worth it)
Frogpack Helicopter Product Testing

Watch this amazing footage as a bottle of champagne is dropped from a height of 50ft, 100ft and 200ft from a moving helicopter and survives un marked

http://www.frogpack.com/