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

Now well invested. So hope those feelings about a dip do not come true. For what it's worth, I did get from the company the other day that they hoped to be in a positionn to update/announce progress re the USA soon. Perhaps we don't have to wait until September?

Sharesure
Blmmy sharesure your a big player then 355k shares at 1450, Well done Re US progress, and for what it's worth my last top up was 23.75 I think.

driver, just interested, and slightly worrying, that it didn't cause any difficulties; hope all the warnings re a large seller drifting out stock is not happening, or if it is, that they run out soon. I haven't ruled out buying more but that's enough for today and perhaps until there is a little more firm order evidence, even if it means paying more.

Thanks for the welcome, really enjoy your chat - well, from most of you !!!!!

There seems to have been very little reaction to the RNS.

Whilst not significant in its own right - this is again to my own mind demonstrating excellent planning and forethought from the directors of a well run company.

There could be something in the wind - but whether there is or not - it is good foreward planning that will ensure that they are able to respond quickly and efficiently with a cash deal should the right opportunity arise. I do not think this company squanders money - so I for one feel comfortable with the resolutions.
How do others feel - am I being too simplistic ?

Baza

Sharesure
I thought it had turned the other way over the last few days, there has been loads of sells and the sp has stayed green or a small nudge up indicating some one accumulating a large amount of stock.

driver, hope your take on this is right.
I agree with the the strategy of today's RNS. Far better to be well placed to move fast, particularly as there will be plenty of competitors now watching very carefully what SEO do; they could get left in the deep field if all the parts SEO are fitting together start moving forward together. They will have a formidable range of products for most packaging solutions.

baza: keep on drinking plenty; of water, that is! very intelligent, actually, and not simplistic. I like to see good forward planning; we have had plenty with appointment of commissioning teams, manufacturing supply, executive roles, opportunistic acquisition and now financing.

sharesure: good on yer! helpful to have the indication re US - even a state of play in relation to trials would be good. However, I suspext it will have to mention Wal-Mart and therefore could well mean a contract along the lines of ASDA but without exclusivity (unless of mega size!). You wonder why all these guys are selling the stock - heads need examining. ii's head is such mega-size that he needs a shrink; mind, I expect the industry has given up on him! (artistry needed, please).

Eric

Im with you on that baz, SEO have new people on board who are fresh and looking forward to a much bigger and more prosperous company for the good of themselves and SEOS share holders.

Well done, driver. Fine for a start. However, he looks almost pleasant and needs to be grimacing, as if with pain, but really because it is so obnoxious living with himself. The eyes are squiniting, which is OK, but it might be better if they bulged out sideways, so that he can see all his imaginary enemies stabbing him in the back. If his head was made of egg-shell, it would ensure an early demise as he falls off his wailing wall!

Eric

baza, well done, sir.your water is nigh on infallable.
i would like a few niggles cleared up by the more intelligent , please. firstly , it says that

"It was announced on 6 June 2005 that the Company had entered into a conditional
agreement to acquire the whole of the share capital of Biotec for a total
consideration of US$25 million."

"total consideration" is what i am focusing on.

but later it says,

"The Acquisition Agreement further provides for the assignment to Stanelco of
debts currently owed by Biotec to the Vendor amounting to approximately 16
million ('Vendor Indebtedness')."

does that mean seo pay 25millin euros and get the 16million euro debt as well, or is the debt included in the "total consideration" ?

also, i do like the idea of seo having the capacity to a)raise further funds quickly and b)to borrow more. their aquisitions have so far been excellent strategically and they seem to have a canny eye for spotting companies with great ip and technology, i.e. adept and aquasol. so far, seo have not let us down and have shown they can be trusted to deliver.

saying that , we could do with some more retro-fit orders, though.........

bos
Re "cleared up by the more intelligent" I won't bother then.

Christ bos. If you're after comments by the more intelligent you're gonna have to start a new thread!!

bos. I think ii is the guy you're looking for. ii stands for immensely (large head) intelligent. 'Woe unto them that are wise in their own eyes and prudent in their own sight!' - that's his own book. We simple folk stick to the plain facts without having to distort them. Reckon that's a good way to tackle it. Now I've forgotten what you asked and we are on a new page. Never mind, it was probably a rhetorical question - better than ii's rhetorical answers, not even he can remember the qustion.

By the way, have you opened a new CFD on SEO. Think its a good time to do it. May have a week or so left at this sp level and then its history.

Eric

Thread created for The more intelligent.

https://www.moneyam.com/InvestorsRoom/posts.php?tid=8461#lastread

Hi All,

Lots of options, but I too am split between another aquistion, or Biotec big expansion, or Greenseal rapid rollout costs.

I think it's safe to say that the last two being the case, then Stanelco must have already received some massive interest in the products, for them to think they will NEED more money available at short notice :)

Borrowing cash is more like the second two options, as the revenue will quickly pay the money back. Placing sounds more like option one, as per Biotec and all the other aquisitions before it.

I said before, that someone had been discussing an idea with me, for a massive use of Biotec TPS, we chatted, he made a very good case up for the idea, and HQ and the prospective client are looking at it, and if it comes off, then a massive upgrade of TPS output will be needed to supply the end users requirements, that is a possiility for the cash too. Nothing guaranteed yet though !

Cheers,

PM

Apart from the resolutions to allow another 46M shares to be issued to dilute again and also the need to increase debt ability -


Did you get these two in the RNS yesterday ? -

1 - In particular Polyethylene ('PE') and Amorphous Polyethylene Terephthalate ('APET') sheet for making food trays is currently priced in the order of 1.70 per kilo, whilst the target price for Biotec's comparable materials will be priced in the region of
1.80 per kilo.

The real price on the market today for PE is 1.70 the TARGET price for Biotec is 1.80 yes its only a TARGET price and most likely will not be reached yet more SPIN imo sounds impressive though but they cannot even word the news realistic target to give it some more strength just say target whose target ? and why not give reference to the present market price per kilo for Biotecs or would it frighten people at the difference between hidden present and stated target ?

2 - The Acquisition Agreement further provides for the assignment to Stanelco of debts currently owed by Biotec to the Vendor amounting to approximately 16 million ('Vendor Indebtedness').

So now SEO has a nice 16 million Euro debt to hold and service so they are paying 25M US$ for hard gross assets of 2.8m making a net loss of 1.3M Euro with a debt of 16M Euro.


And this one from the RNS for joint venture 5th July -

Biotec is one of the world's leading exponents of starch technology and made a pre-tax profit of 0.1m in the year to 31st December 2004 and had gross assets of 2.8m at the year then ended


And this one from the RNS for the acquisition 6th June

At the last accounting reference date 31 December 2004 Biotec's Net Assets were EUR 6.1m and in the last financial year ended 31 December 2004 Biotec made a net loss of EUR1.3m.

Called into ASDA to check on Greenseal, could only find fish using the technology.
I noticed that it had a complete wrapt around similar to cling film, with a crimping
like seal, as against the normal heat sealed top cover.
My one impression was how Fresh the fish looked, and this was at 9pm.
So it would appears to do, what we are led to believe it would do.
cyril