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

No, Teather & Greenwood could have placed them with one or more investers,
its old news and any list would now be outdated.

Thanks ST.

Whoever bought the placement has probably sold the shares and this may explain the continued fall. Investors who buy into these placements often plan on unloading the stock pretty quickly.

Pension271, Aldwickk is right. The placement shares would in all likelihood have gone to a number of institutional investors following a roadshow or series of presentations to existing holders and possible newcomers.

The RNS should not be taken to mean that only one investor bought the whole lot.

The current major shareholders are as per list below, assuming my online broker has up-to-date records.

Stanelco PLC
Major Shareholders

Shares in issue: 996.3m 0.1p Ords
Major Shareholders Amount % Holding
Age of Reason Foundation 217,078,122 23.12
Richards & Appleby Ltd 73,371,681 7.82
Barclayshare Nominees Ltd 60,892,255 6.49
Waterhouse Nominees Ltd 35,969,831 3.83
L R Nominees Ltd 31,507,514 3.36
FMR CORP and Fidelity Int Ltd 29,348,700 3.11

Other Directors Amount % Holding
Philip Albert Lovegrove 4,577,083 0.488
Ian H Balchin 1,640,000 0.175

= Director


FWIW: Funnily enough, with the exception of Fidelity, who buy almost everything but usually make it pay handsomely, there are no names on the list that I would recognise as institutional custodians - i.e. those that look after the assets of pension funds. I take this to mean that most of SEO is in the hands of PI's and that institutional shareholdings are small and spread thinly, hence the representation of the "nominees" accounts.

Perhaps somebody could comment on this view and correct me if I'm wrong. In any case there are few holders of more than 3% of SEO's stock. If I was at work I'd see if my firm was carrying anybody's SEO shares, but I'm not so I can't.

Just a thought, don't take it too seriously.

robinhood

Could you please quote exactly what Shares Magazine said about Teather & Greenwood forecasting a profit of 1.3m for Stanelco for 2007.

Thanks

The oily one

Oilywag: quote Teather and Greenwood is forecasting a breakthrough to profit of 1.3 million next year for a PE of 37, assuming Greenseal's technical problems are finally solved and sales begin unquote

Oilywag, FWIW you should be able to access the whole article from the "Shares Magazine" button at the top of this webpage. You can then download whole pages of Shares mag in PDF format. Or do you for some reason not have access to this feature?

ST - You can only download articles from Shares Magazine if your subscription to MoneyAm allows you to do so.

RH - ' a PE of 37 ...' Are they serious? Most in the sector are trading on a PE of 13-15.

SF - thanks.

I too thought the PE was on the high side, but that must have been calculated when the SP was around 5p. The question is, when will 1.3 mil profit (or any profit, for that matter) become a reality? If SEO goes profitable, the PE and SP will take care of themselves.

Thanks robinhood.

soul traders I am not a subscriber to this part of MAM's service or to Shares Magazine directly so I can't download it.

The oily one

Oilywag

This was Shares readers favourite share when we carried out a survey a few months ago. We tipped it at 5p 2 years ago before telling readers to exit in May at just over 12p
The snails pace progress towards commercialisationof their Greenseal packaging , plus its cash burn and 3rd change of broker . were discouraging. but at current levels the shares look a much more attractive. T & G is forecasting a breakthrough to profit of 1.3 mil next year for a PE of 37, assuming Greenseal's tech probs are finally solved and sales begin.
Dave

nyleve

I assume from your post that you either work for or are in some way connected to Shares Magazine.

Where did you (or the magazine) get the information from in order to come up with a figure of 1.3m profit? Did anyone get specific information direct from the company on which they based their figures?

The oily one

whose still in and if its not too rude a quastion for how many shares.
Me- just under 1.5M

tweenie - I am about the same as you

Just a thought, is there any official time frame for the sale of the Cigarette filter, there could be a reasonable income from this sale which may just tide the company over until sales of Starpol etc kick in, it would possibly remove any need for a fundraising. just looking at possibilities.

Nick

Oily - my reading of Dave's post was the same as yours at first (i.e. employer at the mag), but on thinking about it, I believe that he has just written down exactly what the piece in the mag said. Quotes would have made it clearer.

.

I spoke with a person connected to a packager involved with the Greenseal rollout today. Stanelco were over-optomistic in their promise to move 200 machines - as they were saying this before full scale trials had been completed. Some machine failures due to low temperatures on site and then arcing problems had massively delayed rugged on-site trials. It is one thing to test your invention in your own factory. Quite another to field trial it out of the "lab".

However the GS machine in situ, this week now in full blown production in a manufacturing environment with no problems at present. "Leakers" -failed seals are hugely improved over traditional sealing methods. An order for a further small number of GS machines should follow shortly. Rugged testing at maximum to prove reliability and demonstrable cost saving will generate further sales from other packagers.

ASDA exclusivity hindered take-up and a wider (and quicker )trialling of the GS units. (A poor management decision I believe when the machine was not fully trialled.)

ASDA trays trialling now, using Starpol 2000 and we will soon see their organic range rolled out across the uk (look out for their mushroom trays apparently) ASDA debating how soon to roll out GS/Starpol combination across uk. No issue with sourcing volumes of Starpol if required.

Sorry if this is old news to some of you. Just repeating it as it was relayed to me. There is life in the old dog, a spark of hope, but can the city wait for the jam tomorrow? Certainly some naiivity shown by SEO management in their handling of GS rollout. Let's hope they have learnt and manage Starpol better.
Still holding, worried

Tweenie,

In for about 1m

Just a round half a million