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

PM1, who seems to know these things, is expecting the announcement although at a somewhat higher price. This is a high cost stage of development with Greenseal machines in production and live trialling at Perseco (et al). Methinks the maiden frets unduly; all is progressing well!

Eric

yes i had a call to say the price is 8p for the placing, not 7.5. Also announcement is dependant on the shares being all placed thursday

In the current climate, it can be very difficult for SME's to raise cash ATM so there may be a further delay, in that case? Private (off-Market) placements are ALWAYS lower than the bid price (at the time of issue though!). So, providing the discount-to-the-Market is tempting enough to persuade private investors without totally underminding the bid price then the good news is that 8p should be the support/resistance level, yes.

Also, in my experience, such PP's are typically followed by some positive newsflow to back everything up. I do hope so! Better this way c.t. a rights issue which would have almost certainly diluted shareholder value. I've been through similar scenarios with OFEX companies, in the past, and if we can hold our nerve and ride the storm then I think we will be rewarded before too long.

something in FT

sem3

What?

Anyone know if TB had any mention of SEO last night.

The oily one

Walmart net sales increase, for May.

4 Weeks Ended 17 Weeks Ended
Percent Percent
5-26-2006 5-27-2005 Change 5-26-2006 5-27-2005 Change
Wal-Mart Stores $ 16.901 $ 15.697 7.7% $ 70.369 $ 64.343 9.4%
SAM'S CLUB 3.281 3.064 7.1% 13.224 12.393 6.7%
International 6.103 4.660 31.0% 24.216 19.331 25.3%
Total Company $ 26.285 $ 23.421 12.2% $ 107.809 $ 96.067 12.2%

Oilywag

No mention of SEO in TB's weekly update, however RHPS June issue is out tomorrow.

Ta muchly

This arrived from PM1

Hi All,

I have had several questions about a placing rumour, it's true, but the price is wrong, it's actually a wee bit higher.

Apparently it's not huge, the company just got caught out by the market drop, or it would have been at a much better price, such is life !

Cheers,
Paul

The oily one

Stanelco PLC
02 June 2006


Stanelco plc (the 'Company')

2 June 2006

Placing of New Ordinary Shares

The Board of Stanelco plc, the radio frequency (RF) applications group, is
pleased to announce the conditional placing by Teather & Greenwood of 46,939,939
ordinary shares ('New Ordinary Shares') at a price of 8.1p per share to raise
approximately GBP 3.8 million (approximately GBP 3.7 million after expenses

I feel this placing is not a bad sign. SEO were not desperate for cash so could have waited till the sp rose, even slightly.
A placing now, I feel indicates, some good news to follow. This placing puts them on a better footing should a deal be imminent.
Will be interesting to see how the market looks at it

I too feel that it is not a bad sign, but SEO must be desparate for funds or else they could have waited. I think they need to show commitment and have sufficient cash upfront as part of a deal they must be finalising.

Logically IMO, the next news should be detailing exactly where the money is going!

garyble
The money is going on our 1 party didnt they tell you.

copy of my posts from may
one of the reasons for the new down turn in the s/price is they are having trouble with several complexities that have delayed matters.the machine has not worked as well as expected .engineers are"fine tune the r&d elements" .also no profitis likely in 2007 but this might slip back until 2008 another negitive is if no profit until 2008 the company will have to go to the market to raise money.
how many of you will take part in a open offer for more shares if they run out of cash as i said earlier thats what the market is telling you?
what is not good for all those holding you did not get a chance to save further dilutiuon of your holdings.
as i said when i got stick from some of you all i was trying to do is make some of you aware what might happen.

Well thats OK then. Disappointed they didn,t let me know in advance though....don't like surprises!

It will be interesting to know what the cash raised will be used for.

I seem to recall that the first instalment(of 2) payments of $3.125 million for the Biotec acquisition is due about now.

Could the cash be for this?

Would T&G have taken on the placement if it was just to fund current operations?

Hope there is good news soon.

Still a long term hold.

WOODIE
Thanks for analysing SEO for us especially that you haven't got any yourself you are so kind, can I just point out to you that I think ULT is in exactly the same position as SEO was a couple of months back my tip is sell them and buy back lower it's all on Drivers Tips.

Cantlose,

Yes that is another pointer to something such as a deal coming out very soon. Strange that they have not stated what the placing is for. Could it be that to give a hint now might put a deal in jeopardy. Perhaps SEO and whoever are finishing the finer detail. No evidence re this so it's just a thought.

greekman, I go along with that theory; the need for secrecy regarding the hamburger trials etc all seems to add up to a very different approach to news mgt. compared with the past where they gave too much too fast. Some time ago I was told that there was a big expectation of landing at least one of three company changing orders in June. I hope that that comment might prove to have been more than someone else trying to ramp the sp for their own short term gain. Maybe the sell in May come back on Derby Day will be spot on for SEO.

Sharesure,

As you rightly say in the past they did give too much info too fast. If it is to be put toward some sort of deal, and at the final minute it did not come off, the market through the regulator might also be a tad displeased. We have complained before about SEO and misleading info. Anyone out there who can give a good reason ( apart from what we have already said ) why no reason has been given for the placing.

The cash position at 31st Oct was 4.1m so SEO must be getting well through that. So the funds will be to take them through the next few months. There is nothing negative about that, all normal business. Given that the funding is completed (likely as T&G will have initiated release) we have a support level at 8.1p so it is really a one-way bet from here. Moreover, the somewhat more restrained statement shows positive progress. Wrap 100 is approved in the USA and moving into live trials with Mcdonalds, presumably. The implications of the Greenseal statements appears to be that we may be on the brink of actually achieving successful conversions. We already know that first new machine delivery is in about 4 weeks time. Take out the last year (!) and this would all be very positive indeed. Remember the expression of confidence that we would be back on track and therefore the original Greenseal projections would hold good, albeit with a one year delay. Also, ASDA exclusivity ends 8 weeks after the new machine delivery so that additional orders should come through from other UK supermarkets. What else do you want? Oh yes, a rise in sp - but surely even bos wants to rebuild his holding first!

Eric