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

Bos
I expect that from the Mrs but not from you, "Thanks".

I am working all weekend! but not Monday.

Being bounced round half an island by a Rhodeo driver from 7.30am till lunch time is no way to spend a Saturday morning. Wall to wall meetings with half the islanders who claim to have been hired, but no one has ever met before, and a lot of Romans and Israelis also trying to get in on the act can also count towards stress levels of an afternnon. Travelling home by ponyjet via Athens is no way to spend a Sunday. Ah! the glamour of show biz - give me packaging any day, it's alot more profitable for a start.

But I am looking forward to a decent dinner tonight at a great fish restaurant in the old town. Might even smash a few plates.

To give SEO its due, it has been remarkably resilient in a nasty market thie last two weeks. Holding tight for next week.

See you all in Blighty on Tuesday

I visited the most amassing market today If you like your grub and you are in London you must visit Borough Market just south of London Bridge, exotic fruit, veg, cheese, sausages, salt beef, cakes, fish, and bread you have never seen before, expensive though one loaf was 7.20. I got to stop there my mouth is watering must go and have me dinner.

http://www.boroughmarket.org.uk/

Interesting that it is the workers who are reporting so much fun! What with Rhodes and Borough market, what more do you want. Remionds me we never did find out what stockdog does for a living. he said that he was the only one in Europe who does this particular job. Now we can perhaps detect that it si to do with show business - hiring extras? Any other ideas? The winner may even be employed by him!

Agree that SEO has shown great resilience this week: it was particularly good to see the support at 20p. Could well move ahead with market, although I've got this negative feeling about the FTSE. Better to have a nive joicy RNS, please!

Eric

stockdog: that means you are bound to be at the screen on Monday - noticed that you found plenty of time to keep in touch despite the attractions of Rhodes. Would appreciate it if you would take a good look at ITR (Interregnum) - see ASOS Challenge and ITR BBs. Think you will be interseted and would appreciate your perspective. Hope you found bones, kennel and mistress all OK on return (in order of priority)!

re SEO: Monday would have been good start with recovery on Dow - lets hope it carries through on Monday.

Eric

Interesting post from esmerelda elsewhere - copied here for info / discussion.


Taken verbatim from May 2005 SmallCapShares Magazine (by RedSky Research) that arrived this morning. (In the interests of fair play I have posted this once to both the ramp and deramp threads and will make no further comment).

Revenues: under 10m; market cap: 170m; conclusion : clear

Stanelco, the movie, may be worth 170m, but Stanelco, the company, is not. The company has now finalised arrangements for Asda to adopt its tray-lidding technology, and it quickly thereafter appointed two US companies to commence installing it in the USA. These developments sent the shares up to 21p and the market capitalisation to nearly 180m.

Momentum may take the shares further, but at some point punters may pause to considerthat although the revenue arising from the Asda deal will be significantly in excess of 5m in the first year, it will only be the tiniest fraction of 180m. And the total company income to which this project will be added was just 1.3m in the 12 months to last October.

Stanelco has several other intriguing development projects, but none of them come anywhere close to underwriting the current share price.

Stanelco came very close to being our first 10-bagger (generating 1,000 pc profit). We firsat bought it at 2.4 in October 2002, but we got a bit wobbly about it just before Christmas when it was drubbed in a patent infringement suit just after the chief executive sold 41m shares at 4p (collecting 1.6m and thereby forgoing a further 7m he could have pocketed by hanging on for a few months hindsight is a wonderful thing). These developments led us to dump Stanelco at 4p (we allowed generously for the spread in this penny share). However, one angst-ridden month later, the Asda project and a couple of other positive factors having emerged, we did a U-turn and bought them again at 5.5p. Which puts us 260pc to the good in four months. You need one of those every now and again. Neat work. Lets hope this is too: SELL.

In the subsequent Newsflow tables it comments:
1 month risers Stanelco +29pc Asda signs up for new technology. Massively overvalued in our opinion. SELL
6 month risers Stanelco +430pc From clapped out to incredible optimism. See above.

Keep up this is old stuff.

01:17 he only comes out at night, sad.

driver - I thought it was an interesting piece of reading in post 3521 -

Going back to the 24th March RNS where it states "The 12-month agreement will commence from the first Monday following two weeks of further successful trials with three ASDA suppliers. This is expected to be in April. These commercial trials are in addition to the completed trial" - Well April is gone and we only get an AGM update saying all is well - well - it cannot be - nobody in their right mind would say "April" in an RNS unless they thought it would surely be - and now the target is missed - meaning either April was pure ramp and spin - or there are now problems which are delaying everything.

The KBC Peel report on the 22nd of April states "forgetting the other business then Stanelco needs in place 1000 machine conversions to support the current 22p price" and even their optimistic forecast does not show 1000 machines by 2009. We also need to remember the AGM statement clearly did not mention the other business of Stanelco - Why ? Their core business is RF Furnaces - and no mention.

Given EVO stated in their earlier report "we expect a stream of licences coming through in April" - they will have to re write their report now, given nothing came through in April.

IMO - Interim reporting will potentially be very bad and a big loss - as half year end has gone now - being the 30th April 2005.

The recent share moving "gifting" is another sure sign that troubles lie ahead - you do not give to sell if you know things are going well.

The key pointer in the coming months before Interim reporting will be a share dilution (extra shares issue to raise money) if this happens its a sign to get out - and if it does not then you would have to be brave to hold just before the Interims are published.

For a glorious moment I thought that insiderinsider had nothing to say - then I noticed that I have him on squelch lol!

II

From a personal perspective I was willing to give you the benefit of the doubt from your earlier posts and that you just may, (only just mind you) have been attempting to give both sides of the story. Afterall, it is true that most investors will only ever want to hear good news as opposed to bad and your views would never be welcome. Having said all of that, it is now clear you are either shorting SEO or have other reasons for posting the same negative material time after time. I generally have good reserves of patience, but where you are concerned, it has run out. I have joined the rest of the board and activated the 'squelch' button, (the first time I have used this facility). Please don't bother replying, you have bored me enough, and anyway I won't be able to read whatever you post!

1000 machines would be about 63sp not 22p do your sums, thats it I have finished, please do not answer me, our beloved share basher.

BASHERS NEVER Bash A BAD STOCK

I thought life had been peaceful: then noginsidernoggin comes back from holiday. I wonder who he drove crazy then. Incidentally, Evolution forecast is 1000 units in 2006 which they accept is cautious given that ASDA will probably account for half that via their suppliers. He also witters on about the old business of R/F furnaces. If he took the trouble to read the report then he would get an update on reesidual activity with that product, now wholly out-sourced. Interesting that SEO is the best supported company in the Champion Investor competition: actually a couple of shorts! Guess whom?

Good close on the Dow again, adding to Friday's rise. So hopefully a good start in the morning.

Eric

As people are posting potentially misleading information - the 1000 machine = 22.5p detail can be read in the official attached KBC Peel 22nd April 2005 research.

And always DYOR

http://www.kbcpeelhunt.com/pdfs/Stanelco22Apr05.pdf


Presently - now 2nd half of the SEO financial year = 0 orders on the RF sealing front.

morning all. i am guessing that the tit is back. read him or squelch him, listen to him or ignore him, it's your money. looking at drivers post i am guessing he isn't saying anything new so i don't think anybody who squelched him is missing anything that might be interesting.

Morning Bos - If he is back then I take great exception to your comment. I think you are maligning a wonderful species of bird by comparing them to II. I beleive you owe the Tits an apology.

Baza

morning baza. yes you are absolutely right and i cannot believe how insensitive i have been to tits! i apolologise to each and everyone one, left and right! :)

good steady start this morning.

ii

from what i can analyse on what you have posted..... u r either making massive loss in shorting the shares or trying to get into the investment dirt cheap but refuse to admit to it. if you were to read the article posted by you no. 3523 with a positive mind the may smallcap magazine, you will think otherwise of the shares..... by the way, i am not squelching you because i just want to read the article you posted for a LAUGH.

I thought it would be worthwhile putting the KBC Peel link on here - can bring some reality back to the calculations when you have the house broker report in front of you.

One reason that the number of machine conversions is small in the forecst and not reaching 1000 by 2009 is that with the cost of a retrofit kit - it could be worthwhile some suppliers simply buying the newest and fastest machines - therefore replacing 10 old with 1 new for example - meaning of course the number of machines (actual) in years to come is much less than now - this is one of the flaws in some peoples "unofficial" research. Every year brings a newer and faster model - and therefore who is to say how many machines will be in the field in the coming years - as they get faster their number becomes less - if you have to upgrade 20 old slow models - why not buy a single new fast one and pay only 1 licence.

And of course - it all depends if it is to be accepted by Asda - still pending trials - and how many suppliers convert and also if something new happens along the way to make RF sealing old technology too.

I thought it strange nobody put the KBC Peel link on here - must be because they do not like the report.


Interesting so DYOR and read the Optimistic House Broker report.


http://www.kbcpeelhunt.com/pdfs/Stanelco22Apr05.pdf

I like it, bos. What's better than a tit - two tits! What's worse than an insider twit - an insiderinside twit! The man (?) is an almight twit and has been at it again. He has the absoluted amazing disablity - read a positive article and extract a detail that can be turned into a negative! Lets look at the Peel Hunt report.

"The global market size is 50,000 machines. If we assume 20k per licence and work backwards from the group's market cap. of 200m, assume a 14x multiple and 30% tax rate, then the group needs to have 1000 licences to justify the present amrket cap - ignoring all the other parts of the group. This equates to 2% of the world market and only 3x the ASDA contract."

II states that 1000 machines are only achieved in 2009. The Peel Hunt projections have 1000 machines achieved by 2007 when the gross margin is given as 18.1m. Their 2009 figure is a gross margin of 50.5m or a pe of under 4.

So lets take the report at face value, without Campbell-like spin. "To put it simply, looking merely at the GREENSEAL technology, then each order for 100 coversions equates to roughly 2.5p of share price." "The ASDA deal is expected to result in several hundred conversions".

"Expected shortly. Confirmed contracts with the apckaging houses for the conversion to RF technology. This will provide increased visibility of the income stram from the ASDA contract."

KPC Peel Hunt are broker and nominated advisor to Stanelco.

Eric