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

Until we know the impact of the damages its difficult to know what to do. I woulod think SEO would want to move this to a rapid conclusion. I baled out yesterday but will be back in when I know the extent of the damage

to be honest adie , i'm not arsed. as far as i am concerned this isnt what seo is about . the packageing side is what got me interested . anything else is a bonus. it looks like this side of seo is safe .and that is good news to me.

Fair do I may join once the full details have been released regarding compensation etc etc, Good luck to all holders anyway.

cheers adie. dont leave it too late

I certainly would consider an investment in SEO a very risky proposition, the management in my opinion are to say the least totally incompetent and should resign after this debacle . I most certainly would not risk one penny of my money in this company until the management or at least the CEO decide to do just that.

Bosley,
BPRG thread has comment from Citywire advising stay clear of Stanelco, can't see how this affecte the packaging patents though. I hope they don't appeal and just draw a line under it and move on.
What do you think?
Interesting that after a nose-dive some people were buying in, don't know aht to do right now, stay put, buy more or bale at next best opportunity?

The risk here I think is not whether the packaging side is unaffected but whether the company can stand the cost of any damages that might be awarded for its breach of confidence in 1998. That has led to SEO obtaining a major contract with a giant company, RP Scherer/Cardinal (creating the Ingel JV), business acquired with BPRG's ideas, now ruled in law to have belonged to them and not SEO. In summary, does SEO have the assets? No wonder they say they will appeal, but is it a fruitless exercise? SEO will have to pay the costs of appeal to start with.

I have read that the main beef (no pun intended) of the BPRG board is that when SEO used the ideas gained under a confidentiality agreement, BPRG was strapped for cash and looked close to going under. It is speculated on BPRG discussion boards that SEO were hoping they would disappear and have a clear run. Certainly it is not out of character judging by the outrageous Isracaps RNS and now this "victory" RNS issued today.

hello andysmith. just read the bprg thread and the citywire release.its all getting a bit confusing . like you , i hope a line can be drawn under it and seo can move on . i also dont think bprg will want an appeal as they are going to be busy with the usa tour.so maybe its just a bit of sabre rattling by seo
to get a better deal out of the outcome.but i really think they should concentrate on the packaging side of things . such a bright future if they do .
there is also another way out and thats a take over.but thats just a little fantasy......

I do agree seo could have issued a more inteligent/understandable response to the judgement...how about more details Mr Balchin?

I think Balchin has some explaining to do BUT then get on with the huge propect in packaging. At least SEO does have cash and no debt so a short term shortfall if funding can be arranged should not be a problem with the prospects around the corner. After rewarding himself with loads of shares, aabout time the shareholders got some rewards. Still think medium term potential for 50-100 pence?

andysmith - the medium term potential that you are suggesting of 50-100p equates to a market cap of 400m-800m - even before the dilution that another fund raising will ensure. Seems a tad optimistic to me. I also thought that SEO haad less than 1m cash at present.

I still think the fundamental issue at post 93 could affect the company's ability to finance the "other businesses". Clearly it hasn't worried you guys!

Staying out for now, some excellent post on BPRG on iii (retired barrister)it certainly does not look good for SEO the major patent given to BPRG the rest hang off this so if SEO wanted to do anything with these they would then need permission off BPRG. Compensation could cripple SEO, think i'll buy some more BPRG...

I hold both BPRG and SEO, (SEO through a Share Club), so have a vested interest in both. Must say that I am a lot more confident about BPRG than SEO. BPRG set aside 4 mill as exceptionals in their last results, some, if not all associated with the Court Case instigated by SEO. BPRG must have been very close to going under and a cynical view may be that this was the intent of SEO. Fortunately for BPRG they have come through. SEO may now have to pay significant compensation and if it is anywhere near 4 mil they must be in serious trouble. Allied with the SEO agreement with Cardinal, which now must belong to BPRG, or at the very least re-negotiated, SEO are in the shit. Wouldn't be surprised to see some major shake ups at the top level. A risky investment at the moment, only wish my share club had waited for the CC judgement, before leaping in. All IMHO of course.

PTH

Don't think I'm not worried because it is a tad concening that there could be a large compensation fee to be paid. If it wasn't for the potential packaging development they would be totally in the shit and I would have baled however, interims in April showed shareholder funds of 4m.
I don't know if all of you are aware of the potential of RF sealing of packaging films, it really is a major opportunity for Stanelco to bring something new to the meat packers who have been struggling to deal with price demands of the supermarkets for years. It will reduce the amount of packaging needed, reduce their obligations to packaging waste taxes, reduce energy usage and waste. Share mag shows market could yield EPS in excess of 100p, a modest 10% success gives 10p and hence 50-100p potential not that extreme.
Of course this is a hope but thats why we invest isn't it?
I wish I had also invested in BPRG at 70-80p a few months ago, they also look like having a massive potential but need to bring it to market.

It could be that BPRG have the master patent covering use of non-gelatin for capsules but IF Balchin is not talking out of his arse and SEO have a technology patent on RF process for this that they need each other to realise the massive potential.
Either way, good look to all BPRG holders, looks like you may have a cracking investment, I will do some research of my own and may join you, what is it about me that likes the high risk companies!!! Take a look at MMG if you want another chance of a potential success about to happen.

I don't have that much in SEO that it would be the end of the world for me if they went bust and on balance the risk is worth holding for the potential.

I'm sticking with it, sounds like Bosley will too.

Make no mistake, I sincerely wish the best for all shareholders whatever the company. As you say, we are seeking super returns from high risk companies. Some work out, others don't. Good luck, as we don't know how this will unwind.

Bones, I think we all want each other to prosper. Obviously I wish SEO had won but I also wish BPRG holders good luck and I would advise them that if SEO make it through this current turmoil that the buying opportunity will be there for you all. The key pointer will be any announcement from the trials with Grampian as this will start the ball rolling quickly as the competitors will have to follow and the supermarkets will make their influence present. The barrier to market appears to having the dosh for the retro-fits and royalty agreements with SEO. If I didn't work in packaging then I might not be so enthused about the prospects and would have baled. Still kicking myself though about the buying opportunity for BPRG a few months ago!!

morning all .come on !! chins up!!. there is still plenty of life left . a few weeks ago tim freeborn tipped seo in shares mag . there were some wonderful blue sky predictions.....oh if only!!...... he is also a fan of bprg . now wouldnt it be nice if he did a follow up piece about a court case concerning two companies he is a fan of . he could then explain the ins and outs , who gets what , who has to lose what , how much it will cost, who can make what and who cant ... that sort of thing. in think thats what we would all like , a touch of clarity to the whole damn business. i am a tad confused . i read both threads. as far as i can see , bprg get to keep the tablet making side which is what they want being a pharmacutical company.seo get to keep the packaging side of things , which is what i want , because its potential is massive. its what i first heard about this company , its what attracted me to this one.so far its been slow , but then i would rather it was slow and right than big predictions and nothing. but there is thing hanging in the air , this master patent thingymejig.what is it? what does this mean? its implications are ? i would like this explained in shares mag , please. thank you .

Would agree would be nice to have an outside view on where both companies are going.

Bosley,
Tim Freeborn has made some huge mistakes too:
Mayflower (MFW) - tipped at 34.5p on 23/10/2004 ; now gone into administration
DDD (DDD) - tipped at 44.5p on 23/10/2004; now 10.6p
3DM Worldwide (TDM) - tipped at 139.5p on 8/1/2004; now 79p
Patsystems (PTS) - tipped at 24.25p on 12/2/2004; now 16.5p
Sportech (SPO) - tipped at 17.75p on 19/2/2004; now 8.75p
Sopheon (SPE) - tipped at 35.25p on 19/2/2004; now 22p
Easyjet (EZJ) - tipped at 302.25p on 1/4/2004; now 130.25p
Visonic (VSC) - tipped at 99p on 22/4/2004; now 46.5p
Kenmare Resources (KMR) - tipped at 19.5p on 22/4/2004; now 15p

Tim would better be writing follow-up pieces on the above...