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

Seq

If you're short it's bound to go up!!

pth

Any one else having problems with accessing the Trades from the watch list ?

Baza

Any icons by my name?

Naa,
I feel neglected...

IC article today says as we all know that all the good news for 2006 is already in the price - notes that Hardman have now downgraded their estimates and show a big loss at prelims in 2006 as they believe SE0 cannot get enough orders by October 31st to avoid prelim loss.

For those who want to see Hardmans latest update on SE0 please see the link below - they try to remain positive - they have too as they were so very positive before - but the negative side is creeping in - I would expect the next update to be again less positive and more negative - as is the trend with EVO too - from buy to add to hold soon and then IMO all will say sell - no orders - lots of talk - no big orders.

http://www.hardmanandco.com/Research/Stanelco_june05.pdf

I thought we got rid of him (didn't know how to negotiate the site)

It does say - (in regards to the restated estimates); "This is a timing difference, not a change in our long term expectations for the product."

Does ii read the stuff he post on here, that link from Hardmans is very positive if I wasn't in SEO I would be after that report.

well worth a look at hardmans link. also , considering the luck and bad timing of seqs trades in seo , i feel much better now he is short.........:)

oh driver, i did the link with out your help...... starting to get the hang of this pc nonsense, slowly but surely

I've had ii squelched (strangled) for a long time, but the new bb revived him/it. I noticed he goes on and on about the patent. Now, seriously, what happens if it turns out a patent for Greenseal cannot be granted? (Or, is it another ii lie that there is no patent????)

ii is now squelched again, so ii; you don't need to comment for my sake.

according to the hardman report that ii very kindly linked us to , it talks about jvs with other companies regarding what seo would do with biotec. i think it ties up nicely with this bit , borrowed from gf's carclo thread (hope he doesn't mind!)

"The development of water soluble capsules for drug delivery is ongoing with our
partner, Stanelco plc. We are concentrating on increasing the starch content of
the capsules to allow us both to reduce cost and, more importantly, to
facilitate the process of regulatory approval. We are in the process of
presenting the capsule technology to a number of drug development companies"

if memory serves,the dispute with bprg was about the welding of polymers . starch isn't a polymer so ingel could be back on track. or have i missed something?

Just found this in the Hardman report - makes interesting reading.

Basically the article is still positive - but they have adjusted their forecasts to take account of the slower than anticipated orders. They are keen to emphasise that this is not a change in expectation - JUST a timing difference.



"...trimming estimates for 2005 to take account of the slower start to anticipated sales of Greanseal. This is a timing difference, not a change in long term expectation.

Sales Declared Profit Adjusted Profit EPS
October m m m p
2004A 1.3 -2.8 -1.2 -0.15
2005E 3.7 -1.1 -1.0 0.06
2006E 19.8 6.2 6.5 0.64
2007E 41.2 23.5 23.9 1.8

Just found this in the Hardman report - makes interesting reading.

Basically the article is still positive - but they have adjusted their forecasts to take account of the slower than anticipated orders. They are keen to emphasise that this is not a change in expectation - JUST a timing difference.



"...trimming estimates for 2005 to take account of the slower start to anticipated sales of Greanseal. This is a timing difference, not a change in long term expectation.

Sales Declared Profit Adjusted Profit EPS
October m m m p
2004A 1.3 -2.8 -1.2 -0.15
2005E 3.7 -1.1 -1.0 0.06
2006E 19.8 6.2 6.5 0.64
2007E 41.2 23.5 23.9 1.8 Sorry - tried to copy a table - and it has scrunched all of the figures up - but basically the bottom line is that they estimate in 2007 that sales will be 41.2m with a declared profit of 23.5m and an adjusted profit of 23.9m

I guess I can wait.

Baza

Bos, I was talking about a patent for Greenseal.

niels, i didn't realise there was an issue with greenseal?

NielsJensen
I got this from another site I am sure he won't mind, it may help.

I can confirm that the foamed starch patent application ( WO2004103687 ) has nothing whatsoever to do with Stanelco's Greenseal technology as applied to it's use in tray-lidding and thermoforming.

This is is made clear in an email I received from Terry Robins last Thursday. Apologies for not posting it before, but I have been away for a few days without access to a computer!

Hello

Sorry I didn't get back to you earlier but I've been out to Biotec in Germany for a couple of days. Regarding your query I have to state that you are correct. We have successfully converted a Multivac thermoformer packaging machine to RF welding and have demonstrated both excellent weld seals and peel seal using the same material both without the traditional laminations of polyethylene on the PVC materials.

The only modifications to this machine were to the sealing and not to the thermoforming head which was left as standard to Multivac's design.

As this information is in the public domain I see no reason why it should not be repeated.

Hope this clears up any doubts.

Regards

Terry

Stanelco's use of RF in tray-lidding and thermoforming machines is for sealing only. It doesn't involve the conversion of the thermoforming heads in thermoforming machines to produce a foamed starch tray. Hence, there is no link to the Patent, and no link to the ASDA agreement.

Remember that a thermoforming machine and a tray lidding machine do much the same thing. the only difference is that the former uses pre-formed trays, whilst the latter forms a shallow tray on the machine itself.

Hope this clears up the issue once and for all.

Hi bosley,

re: 6886: Taken from the interims:

"Two other capsule projects are unaffected by the outcome of the litigation and
are progressing independently of InGel:


We are working with Carclo plc to develop hard shell water soluble capsules for
drug delivery. We are concentrating on increasing the starch content of the
capsules to allow us both to reduce cost and, more importantly, to facilitate
the process of regulatory approval. This technology is in the process of being
presented to a number of drug development companies. We are anticipating that
the involvement of Biotec in this venture will significantly reduce development
timescales and increase the likelihood of success.


We have also been working with Reckitt Benckiser to help develop their
Electrasol(R) 2 in 1 Gelpacs(R)(a) automatic dishwasher detergent capsules.
These are now available and selling well in North America. Stanelco receives a
royalty for each capsule sold."

Hope this helps.

P68

So, what's the bottom line? Does Stanelco have a registered patent on the Greenseal stuff or not? If so please supply the patent number.

Niels Hi,

It takes a long time to get Patents, and Stanelco applied for Greenseal Patents last July.

The patents applied for, have no connection to the bprg disputed patents in any way.

Cheers,
PM

Stanelco PLC
16 July 2004


16 July 2004

Stanelco Plc

New Patent Application

Stanelco Plc has filed applications for a new family of patents in respect of a
new packaging system that could revolutionise the global cooked and raw meat
packaging industry.

Stanelco's system utilises its radio frequency (RF) sealing technology in
conjunction with conventional plastics so that they require no laminating or
coating in order to be sealed. It provides a direct replacement for the
heat-sealing of laminated or coated plastics which is currently used to package
both cooked and raw products such as meats, fish and dairy products.

The application will offer major environmental and cost saving benefits for the
end user. By removing the sealing layers and specialist sealing coatings the
conversion waste can be recycled in the tray manufacturing process. In addition,
the RF process is significantly more energy efficient. The process allows the
use of recyclable materials that will provide at least a 20% saving through
allowing conversion waste to be recycled.

On our present estimates, this will translate into an average cost saving per
packaging machine in excess of 100,000 per annum. Total adoption of this
technology in the UK would result in the saving of over 10,000 tons of scrap
plastic going to landfill each year.

The cost of retro-fitting is in the order of 40,000 per machine (which is borne
by the end-user) and thereafter an annual licence fee will be charged to the end
user in the region of 35,000 per unit. There are currently in excess of 400
machines within the UK and over 2,000 machines in Europe. Stanelco is currently
retro-fitting its RF technology to packaging systems used widely within the
packaging industry.

A number of machine manufacturers, end users and large retail multiples are
already in detailed discussions with Stanelco about using this new system.
Stanelco has been running trials with Anglo Beef Processors Ltd and a major
retailer.

This particular application adds further capability to the RF technology
applications in other areas besides capsule manufacture and water-soluble film
developments.

Ian Balchin, Chief Executive said, 'This breakthrough results from the
combination of the highly skilled people we now have working in the group
together with the company's commitment to researching and developing green
applications that are more cost-effective than conventional practice. We look
forward to being able to develop a significant new revenue stream for the Group
in the near future.'


For further information please contact:

Ian Balchin
Chief Executive
Stanelco
Tel: 01489 570 991

Jonathon Brill
Financial Dynamics
Tel: 020 7269 7170

Neville Harris
IR focus
Tel: 020 7861 3894