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

A bit cautious, di, once the royalties start to bite we'll get 5 sooner than you think.

zscrooge: have you looked a the effect of royalties on earnings: either look at Evolution or earlier posts by andysmith and myself. If you do, let me know what you think, please!

Eric

zscrooge, not surprising at all . the point i was trying to get across was that there is nothing negative to report. the trials are exceeding expectations, other potential revenue streams are coming to market, and they are in discussions with other supermarkets. it's all good. at the time though ,the blood was up. even my finger was wagging at the screen.
di, what website is that?

bosley.
"they loved it", was refering to green-seal. The quote was in response to the question- was Sainsbury still in the frame? Lovegrove added that ASDA just happened to be first to get down to the spondula. Not quite his words but to that effect. The general indication was that discussions are ongoing with Sainsbury and other potential UK users.
Hope of some use.
Regards.
D

dosum, thanks for reply. just wanted to be sure that seo weren't pitching different products at different supermarkets....like greenseal for asda and starch trays for sainsburys. did you get your free frogpack then?

A frog he would a-packing go
Hey ho said Bosley
A frog he would a-packing go
Whether his patent would let him or no
With a radio frequency meat tray lid sealer
Hey ho said Eric and Bosley

Great rhyme, sd, I like it. I note that I get the gammon and bos the spinach, which he needs to build his strength up for his drums and the golf day. You presumably are the roly poly, probably because you are fond of puddings, or anything else you can get to fall off the table! Is that anything to do with the roly poly pudding and pie who kissed the girls and made them cry?

bosley.
Passed on frogpack having retired from jumping out of aeroplanes.

eric, you're right the roly poly gammon and spinach refers of course to much the same thing as hey nonny nonny nonny no from the 17th century and is too risqufor this thread, so have changed it to more appropriately pre-watershed lyrics!

Stanelco AGM extra comments
Funding: My notes on this were that the chairman said that the placing last year was sufficient to fund the current business model; a further placing or rights issue was not on the agenda. I would distrust a chairman who says he would never need further funds and SEOs chairman quite rightly did not do this because there could be future circumstances/opportunities which might be in the companys interests. He also said they had opted for a placing last year because it was a cheaper route to more funds. I suspect he also had in mind that a rights issue at that stage of the RF development and with the impending litigation would have been hard to get away without denting confidence and causing the share price at the time to suffer. The placing would also have helped confidence in that convincing institutions to get involved in new technology is quite tough and therefore if you can achieve that it can give all shareholders some comfort. He indicated that if there ever was a need for more funds he had taken on board the shareholders wish to be given the opportunity to subscribe; also that in his view that would only arise if there was a business case for substantially revising their business model to reflect the need for a much faster roll out which was not capable of being funded by revenue.
Market Exploitation: They are seeking to exploit as fast as possible; the outsourced deal SEO has done in the States has apparently addressed that for that market and their own UK team can apparently cope over here. Their view was that if any competition emerges they have the capability to see that off by threatening an aggressive pricing strategy which would probably mean a rival would just not be able to raise funds to even get started.
I hope Camillas recollections coincide; because after the meeting the Board made themselves available for private chats with individual shareholders and my notes remembering what was said publicly as opposed to privately is down to memory!

Overall next day impression is that of course the sp will climb a wall of worry; cant think of many instances where this couldnt apply even with blue chips but for different reasons. SEO looks to me to have the potential to be really successful and in quite a rapid timescale. Given how good they have been at announcing news without the share price seeming to pick up in advance through leaks to the market, the next announcement may also give a good surprise one morning. In my view shorting this stock looks to be a recipe for losing ones shirt; interesting to see if events bear that out!

once again , sharesure. great post and thanks for the report and your thoughts. i agree with you entirely about seo's rns stragtegy.it does make me wonder if this is the reason for bringing the agm forward.looking back at previous years the agm is usually in early may of june. if they are hopeful of releasing news in may and june it makes sense to bring the agm forward. i think they know that the share price is news driven and if a fund raising is at the back of their minds, it suits them to try to push the price on by a steady flow of news. suits us too!!

Agree they seem to have a good eye for getting news out right, albeit as the chairman was at pains to say he makes sure that it is always on the cautious side which is reassuring. I really do believe him when he says they are not in need of a further fund raising, but that if in the future they do have to contemplate that, it will almost certainly be because of good news on the roll out front

Like we have said on here before there is no problem with fund raising in the future, it will be to expand or keep up with demand. It was a sore point at one stage when the sp was around 10p but not now.

sharesure - thanks again for the detailed first hand report - invaluable to be able to evaluate what was said face to face with the speaker and other directors present.

My reference to "mountain (or wall, as you have it) of worry" which I think you picked up on was intended as a positive note - all stocks and markets behave this way and SEO's ascent is no different.

Following on from your comments, I guess a new term for shorting stocks such as SEO could be "shirting"!

SD

Super reporting, sharesure. Gives a good picture of a a management team who know what they are doing and making haste with much care. The last fund-raising was really relatively small and it is amazing that they can proceed to build such a major enterprise with such a relatively small outlay. The key appears to be at their won definition of their business sector as intellectaul copyright and not as electrical engineers or what-have-you. They are happy to leave a lot of the leg work to partners who have the expertise - a super example of out-sourcing. Nor, of course, is Greenseal a flash in the pan but only one of a number of initiatives with great potential. The AGM did seem to suddenly come and go and your reasoning that they wanted it out of the way whilst they could speak in quite general terms and thus free the way fort a succession of significant announcements of progress over the next month or two. Whilst they are keeping quite a mean ship, costs will be escalatin so the conclusu=ion is that sales revenue will be be growing quite quickly from now on so that positve cash flow is not that far away. That will allay that must be around; you see so many companies who have to come back for more funds and rarely in the interest of the existing shareholders; e.g YOO, GMC and, this week, AZM an old favourite of mine.

Thanks again, Eric

Been thinking about when Simon Cawkwell & co first went short on SEO, and why. I think it might have been when his legal friends told him that SEO would loose the court case with BPRG [ if only he had known about ASDA/WALMART ect:].

Has anyone seen 'smallcapshares' mag comments on SEO?

please enlighten us, pension271
can you post it here?
thanks
SD

Anyone know a website with a reliable chart for gold with custom overlays etc? Or a near proximation to the gold price - I would use GBS but it hasn't been running long enough. Or is there a type of FTE index or similar which mirrors it? All ideas welcome.
Thanks
SD

Stockdog, off hand you could give the bulliondesk a go..
http://www.thebulliondesk.com