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

If they do not get some really big order soon - before 31st October - they could be looking at a full year loss of nearly 2M at prelims in Feb 2006 - that the loss at half year can explode to nearly 1M is quite horrific !

Well I'm sure you can all join me in being totally staggered that ii is first to post this morning!

Here are the highlights, will print the lot if requested but I'm sure someone will beat me to it;

Substantial progress towards commercialisation of GREENSEAL technology with ASDA


Strategic alliances signed with Premier Technology Inc and Advanced Energy Inc. to enable rapid rollout of GREENSEAL in North America and elsewhere


Strategic acquisition of Biotec Holdings (Biotec) subject to shareholder approval


Successful launch of Frog Pack into the UK market


Two placings of Ordinary Shares raising a total of 13.1 million (before expenses) successfully completed with UK institutions


Financial Highlights



Turnover of 629,000 (2004: 320,000)


Loss before taxation of 960,000 (2004: 490,000)


Net cash at 30 April 2005 of 2.9 million




Phillip Lovegrove, Chairman of Stanelco, commented:



The two commercial agreements for GREENSEAL signed in the last few weeks with ASDA suppliers and the support from ASDA itself give us enormous confidence in our technology. We look forward to its continued rollout in both the UK and overseas markets as we seek to establish GREENSEAL as a must have application in the global packaging marketplace.



We also believe that the market potential for starch based films in the medium term is substantial and the recent acquisition of Biotec places Stanelco at the very forefront of this exciting market. With a healthy cash position following the well-supported institutional placings, the Board looks forward to the future with great confidence.

Actually, a lot better than I thought they might be, somewhat relieved.

pth

agreed ptholden, anxious to see how the market will take it.

Haven't seen anything frightening me , but I did read the words "several hundred" which heartened me.
Alan

morning all. a little bit dull, i thought, but not as bad as i thought they would be. all in all , looking quite positive for the future. i was hoping for news of some further developement in usa , but it all seems to be old news.

The most significant bit was the increase from 200 machines at ASDA to several hundred machines.

Me thinks we are being too impatient - and we will see more and more orders start to snowball as the weeks progress.

All in all - not bad - much better financials than I had anticipated.

Now lets see what the market thinks !!

Baza

Baza, people are being very impatient.
To answers Bosleys question, NO I didn't buy it at Asda so RF is on sale at other supermarkets in the form of Youngs Brand.
Also, bags of scampi will not be produced on the same filling line as trays of salmon which may imply more than one machine is already retro-fitted for RF.
Before ii says owt, these are FACTS from someone in the industry.

Check it out yourself, look at a peanut bag for instance, same packing method as scampi, wide heatseals possible with crimps, check out Youngs scampi, nice thin weld seal typical of RF. Don't need Asda to check this, its on sale at Sainsburys and presumably Tesco as well.

Biodegradable corks !
Carlco capsule project mentioned for the first time, could have been prompted by my posting the info on that 3 to 4 weeks ago :)
Only one cautionary statement, loads of bullish statements
I think a few sells by the impatient, and a lot of buying by the clever longs
Cheers,
PM

Nothing frightening in these interims.

GROAAAANNNN!!!!!!!!

As I have described above, we are making good progress on a number of projects
which have the capability to change fundamentally the dynamics of their target
markets and which will build substantial value for our shareholders. This will
not happen overnight, but we expect momentum to continue to build in coming
months both in relation to GREENSEAL(TM) and to the exciting range of products
within the Biotec portfolio.

Looking at the trading, I think the markets reaction to these interims is best described as ambivilent (though possibly spelled better!)
Alan

Very happy with interims. Everything is progressing well, things are going very much to plan. Recent share placing out the way, which seems to be giving the price good support. Lots more to come in the future - what else could you ask for...
Oh ASDA anticipate that several hundred machines will be adapted in the next 12 months! happy days

Daws

Alan

Probably a little too early in the morning to be sure, but the Market reaction seems more positive than negative so far. I think I can put my tin hat away now! Being a pessemistic soul I was rather expecting a lot worse.

pth

seq, oh dear. what's the matter this time?

PTH

Agreed, it does now appear slightly more + than -.

I just expected either a rush of buys on good news/hints or a rush of sells on poor financials. We seem to have a rush of apathy which is almost certainly for the best!!!

Alan

Interims not as bad as i expected. There will always be start-up costs with any new products.Nice to see 'several hundred'machines mentioned. As the year goes on i am sure we will get a snowball effect from suppliers,then the profits will start to come in. This can only be good news for shareholders. Those of us in for the long term should see a big increase in the sp by next year,even more in the years to come.

bos - serious Q-why is the co. so secretive about the true amount of m/c`s around, I mean Ford motor co. would be boasting of increased sales, why do we all have to guess, read between the lines and generally be subjected to the old " mushroom management"?

cheers

Credentials from the start. I am a SEO holder and bullish about the stock.

Talk of snowballs and big increases in the sp bother me though. Firstly because it gives some members something to fire back at but more importantly, IMO, any business can only grow exponentially if it is fed hard cash. This comes from either profits or investors. I have no doubt at all that the idea is sound and that it will become an industry benchmark for food packaging (not as convinced by frogpack), but R&D and then marketing are expensive little bunnies, and that is why we are seeing a loss at the moment.
The trick now is to make Greenseal wash its own face, and more important than an RNS stating X number of machines sold to ASDA suppliers is one stating that the Greenseal project is one stating that it is profitable. This may be sometime coming, but I am in for the long haul, and so I am a little more cautious than some posters. My only real concern therefore is that profits from Greenseal (When they come, not if) are eaten up by R&D or marketing on a non starter.
There, cautious bit out of the way.
LETS MAKE SOME SERIOUS MONEY, SEO.
Alan