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

woo news on seo

Another institution who obviously do not know what they are doing according to the pessimists!!

Stanelco are over the worst - the only way is up - the question is how long and how far.

Must be close to 50% of the shares held now by the institutions - not bad for a fledgling!!

Pinnacle- Totally agree i thought this share had bottomed out at 1.03. About time we started hearing more positive things on tis thread!

Don't wish to be the killjoy, but I read this RNS as simply a bit of FSA housekeeping. None bought or sold, just a slightly different way of stating the holding they already had.
Sorry.
I'll get my coat.
Alan

just... lol

Can you say that again in English?

Alan,

Agreed. I think we have all noticed over the last few months such items as all companies now releasing voting rights , further itemized details of holdings etc more regularly.
This is due to as you say the Market rules being tightened because of FSA reports,(about time to)
But saying that it does put SEO in a slightly brighter light in my eyes as it is easier to see at a glance who hold what and how much (institutionally).
I had not realized that these institutions held quite such a large percentage of the shares. Previously it got lost in all the bumf.

First Law of the FSA.
Any directive issued under the headings Clarity, Transparency or Simplicity has only one purpose.
Confuse the hell out of anyone not involved in designing the legislation.
off topic, but the FSA is too diverse for its own good. It is not possible for a body that large to CONSISTENTLY regulate such differing areas as retail credit, accounting policies, share dealing, company structure and retail investment products.
It desperately need to be broken up and replaced with bodies with specialisms. The idea that the bloke at your local 2nd hand car showroom jumping through the same hoops to sell a car insurance policy as the controller of a 10bn investment fund is ludicrous. There is a real need for regulation and restraint in areas of large finance, but for a 5 per month saving plan? I don't think so.
The time has come to apply common sense to the policy makers and re-introduce a bit of the old idea that people are grown up and can make their own choices. They do not need to be told what the salesmans commission is, or the brokers profits!!
Give me back a bit of the "caveat emptor" philosophy. In a free market, a cowboy company does not last two minutes, and the lowering of regulatory requirements saves the good guys a fortune. This gets passed on in lower prices and everyone benefits.
Rant over about the FSA's strangling beaurocracy. Back to SEO.

Back today from a week away....no great shakes then!

Might as well stay as lost too much already!

Alan/Pinnacle,

To clarify: Fidelity have reduced by 22,540,600 shares from 7.74% to 6.98%...by my reckoning.

Typically shortsighted of SEO to waste ms negotiating contracts for say 100,000 tonnes of Starpol without first ensuring there would be sufficient supply of PLA. A quick look at the Natureworks website will reveal that their annual capacity is 140k tonnes. SEO announced its supply aagreement with Natureworks 30th August 2005.

SHAREHOLDINGS
The forthcoming Report and Accounts which should be falling on our doormats within days will clarify things but it seems to me, from last known information and dates thereof, that 'Institution' holdings are:-

421,948,469 (14.17%) Shroders - 6 Dec
210,030,606 ( 7.05%) Barclays - 14 Mar
207,871,085 ( 6.98%) Fidelity -23 Mar
93,290,504 ( 3.13%) Credit Agricole - 15 Nov

This is 31.34%. There may well be others holding less than 3% - 89,329,405 shares. In fact there must be more out there with Institutions - the Closed Placing was for 1,375,000,000 shares (46.18%)

Additionally we know from the 12 Oct Prospectus that Richards and Appleby had 67,281,300 (2.26%) and on 30 Oct Age of Reason had 132,078,122 (4.44%). We have not been told of changed shareholdings/percentages from them which may have arisen if they took up their Open Offer entitlements.

This now accounts for 38.04%.

Just thought it might be of interest ;-)

I believe that T&G are forecasting a loss for this year of 1.1m and then a profit for 2008 of 4.2m

The oily one

Is that the T&G Flying Club,

http://www.lostnation.com/tgfc.php

~78% revenue is from Biotec, mainly to European market, North America accounting for ~4.5% of sales......that would be the 2 items on Wal-Mart's shelf then!

Just back after a week away.

I regard the prelims as very disapponting - not so much because of the
figures, which were never likely to be good, but because of the lack of progress and negative position regarding Greenseal and the proposed MMP's.

i.e. Greenseal:-

'We have been frustrated by the time taken to exploit this technology and we
continue to explore different opportunities to effect the roll out. However,
this will take longer, and the revenues generated will be less, than originally
indicated.'

The manufactuing plants in the U.S. :-

'There is considerable demand for Biotec's range of products. However, the pace
at which we can deliver these products is currently being influenced by a
shortage of one of its core ingredients, PLA (polylactic acid) resin. The
Company is pursuing several options to obtain further material and is also
trialling alternative materials. Until such alternatives are in place, there
will be some delay with investment in manufacturing facilities in the US. '

So, Greenseal (probably the reason most of us long-term investors invested in the first place - remember the 300 conversions in the first year?) is virtually dead in the water and no progress on the MMF's (probably the reason why most of us got sucked back into the placement back in September)!

Despite reassurances from some of you behind the scenes, I remain extremely pessimistic.

Deveoping Starpol 3000 and 4000 - whats the point when they haven't been able to flog Starpol 2000?

'we continue to develop the starch cigarette filter technology and will provide
an update when the filtration trials have reached a more advanced stage.'

So why not tell us what progress has been made thus far? I wasn't aware it needed developing - the last mention was that the Patent was up for Auction and that must have been 18 months ago at least!

Schroeders or not, I see this company drifting towards another placement and then going bust. Sorry. As regular contributors will know, I have been very positive in the past - but that was when we expected hundreds of conversions of Greenseal at 45,000 a time and huge sales of Starpol to MacDonalds, Perseco etc.

Now that the likliehood of either (in large numbers) has vanished what is there left to be positive about?

Oblomov,

Welcome back. Like you very disappointed in the results for the same reasons you have given
As for Starpol. Whilst SEO need to keep looking for improvements in products already developed, such as 2000 to 3000, the way they are going we may see in a couple of years comments such as " We continue with development of Starpol 7000 to an even better product, Starpol 8000 has been submitted for acceptance re FDA approval".
Whilst as said SEO need to continue to improve all products and can't afford to stand still on development, the previous sentence would be no cause for concern, as long as (Oblomovs comment repeated) "whats the point when they haven't been able to flog Starpol 2000".
As it is are potential buyers being given the impression that... Why buy an inferior product now if a better one is on the way. Could this be why there are delays in contracts re Starpol in general.
Stanelco's direction still appears to be that of a ship that has lost it's rudder.
I just hope the new management team know how to row ( or swim perhaps).

Have given up speculating on this one, and will very soon reduce to frequency of checking as its not doing me any good at all. As someone said, this is now a bottom drawer stock.

Oblo
We were told at the EGM (or was it the AGM? I have not checked my notes) that the filters required further tests and these were to be carried out by Aquasol or Adept Polymers. We were also told not to expect imminent news. (sounds like SEO !)

What about starwrap- understood live trials were taking place 3-4 months ago?

Re gig filters.

Knowing SEO's timing this will occur.
Several weeks after the public smoking ban, sales of cigs drop so low, the government in order to reduce smoking for health reasons (if your a cynic you may think all they care about is tax, tax and more tax) decide to increase duty on tobacco to such high levels that everyone who smokes decides to give up.
A few weeks later sales drop so low cig manufacturers are forced into liquidation. Government ban all tobacco imports, announcing huge penalties for those breaking the ban. Everyone, of course obeys said ban.
Following morning SEO release a RNS re all previous problems re the cig filter have now been rectified and they are hopeful of several large contracts to be signed imminently.
Following morning, further RNS stating that due to the SEO management now being aware of the situation re tobacco ban after attempting to contact those cig manufacturers they had been in contract negotiation with and only getting through to a recorded message stating ("Your call can not be answered at this time as we have all gone home"). We have decided to disposed of the idea and are taking it no further. They have also withdrawn the patent, and sold all the R@D for a token amount.

Almost immediately sales of cigs (along with booze) increase greatly as all SEO holders either drink themselves into oblivion, or their nerves are in such a state they average 40 cigs per day per shareholder.
After several weeks of sinking revenue from tobacco sales The government (after Gordon Brown has private meeting with a top Government scientist) has a U turn and release evidence that smoking is in fact good for you, remove the ban and re allow tobacco advertising via all media channels, extolling its health benefits.
Huge increase in all tobacco sales follows. Shortage of cigs and all relevant items, filters included, increase prices to record highs.

Far fetched, yes obviously but if the SEO management had been around when the Titanic sank, half of them would have been on it whilst the other half would have already been waiting on the bloody iceberg after the previous SEO boat (called flotation) waiting for rescue.

You can just visualize the scene.
CEO. Look we are saved, it's a ship. Light a bigger fire.
MD. Do you think that's a good idea, we are on an iceberg.
CEO. Don't be frivolous, look it's working. They have seen us.
MD. How can you be so sure.
CEO. Because they are coming directly at us, and still not slowing.
MD. Perhaps there is something wrong.
CEO. Were saved, were saved, quick sent out a RNS via your blackberry. This will put the sp up.
MD. Look people are waving, and some are even jumping ship and swimming toward us.
CEO. I told you look it's so close now I can almost step on board.
CEO/MD in unison. OH B****R.

Sorry to those who wish to keep things serious, but it's either have a laugh or cry.
Just trying to keep sane (with little success you may think).
If anything SEO related happens, I promise to be serious.

Starwrap?
Wrap 100, Bioplast, or whatever other names are applied to it - is being sold directly by BioTec (50%/50% SEO/SPHERE) to it's own customers as well as, I read elsewhere, by SEO to it's own customers. Albeit so far to small users, not yet to global users who were conducting trials.