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

Kim, if the journey's going to be that bumpy, then surely it's worth waiting until this carthorse has turned into a little Shetland pony? Given the bearish market overall, those of us on the outside are content to wait a while longer before buying in.

I note with interest that at just under 6p, with a market cap of 58 mil, SEO is trading at over 3 times its NAV of 18.3 mil. However, 13.9 mil of those assets is comprised of goodwill, leaving 4.4 mil of net assets, which covers the tangible stuff like plant, property, etc. Another 6 mil of assets is "intangibles" (intellectual property, etc), which could lose their value if things go wrong for the company.

I know that investing in this co is all about the future, but I'd be bothered in the current iffy climate that there's a lot of potential downside in the SP due to the fact that there's not a lot of value behind the valuation. I'm crossing my fingers for all of you who are still in, but would expect a bit more of a drop in the SP before the stock looks attractive as a buy.

All IMHO, etc.

I agree there is a lot of downside potential ST and if we don't get a damn good progress statement out of SEO soon, some of the Riders are going to fall off their horses! I intend to hang on though because I can see a faint glow over the horizon - might from all those ciggy's.
kim

Thought it might bounce around the 6p support level for a while before giving in to the next support, which is around 4p, so slightly surprised to see a 20% drop today. However, the Interims were dreadful, particularly the bit about additional fund raising requirements. SEO are really going to have to be very persuasive and be able to demonstrate that they are on the cusp of securing substantial revenues before Institutions prop them up once more. As has already been stated many times before, it is all jam tomorrow at the moment, but that just won't cut the mustard anymore, they need to deliver and deliver quickly.

As an aside and for future reference, when you next experience a company raising funds at a certain level, do not believe for one moment that level will provide support to the SP. I did argue this point, particualrly with EWR (noticeable by his absence). I am not being clever after the event, but it is a fact worth tucking away.

I hope that there is a recovery in the SP in the not too distant future, especially for those who are getting burnt, but I fear we will see 4p first.

pth

ptholden - 14 Jul 2006 19:32 - 17743 of 17743

As an aside and for future reference, when you next experience a company raising funds at a certain level, do not believe for one moment that level will provide support to the SP. I did argue this point, particualrly with EWR (noticeable by his absence). I am not being clever after the event, but it is a fact worth tucking away.

Spot on- a fact exhibited by many shares.

Hi, pth, just back from a brthday jaunt; it may be that my absence is more noteworthy than my presence. Accept you called this one right. In practise, the 8.1p level diod not provide much support at all, although it is easy to quote cases in which it has. The reason in this case may be that the funds mostly came from institutions who may have had their arms twisted and there was no corresponding demand from active traders.

The major problem with the interims was the lack of any fresh news and, I am afraid to say, fresh enthusiasm. Perhaps getting tired of bashing their heads against a brick wall. Significant revenue flow is not imminent based on the point about reviewing how to raise fresh funds. The most positive method could be a significant injection of funds which gives something approaching a controlling interest to a respected party but who retains the commitment of the key players.

View on the sp? Still the same: very cheap taking into account the known potential; expensive in relation to current finances and performance. Not arguing with soul traders.

Eric

kim

Good to see a positive attitude on a dissapointing day.

I think this company will find it very hard to fundraise in the future unless deals/contracts have been signed.

AS predicted a while back the fund raising was partly to pay the first (of 2) of the Biotec purchase instalments.By my reckoning this leaves them with @ 2.4 m(3.7 +.3 - 1.6) to see them through to a revenue stream.

Still think that the delay in publishing results was due to SEO awaiting potential contract signings.The fact that none are mentioned is worrying as is the fact that Greenseal was hardly mentioned.

Hope that there are no Porky pies being told as this will not look good for
Elizabeth Filkin the ex Parliamentary Commissioner for Standards who is a Non Exec.

On the plus side the company does have a good portfolio of Enviromentally friendly packaging products.Can't they find someone to sell to in this climate?


Unhappy but Long

4p next and down further still, got out at an average of 15p thank god, anybody still holding should consider cutting losses whilst you still have any mioney left.

Hi Eric

Hope you enjoyed your burfday joint, err sorry jaunt :-)
I can't really see that selling a controlling interest is likely at the moment, SEO do have sufficient cash to see them through for a while (probably about six - nine months). Nor do I subsrcibe to the theory that the Interims have been delayed due to the possibility of potential contract signings. I would think that the delay could be attributable to many reasons. Wishful thinking springs to mind!

I find it quite interesting to note that turnover for 6 months is 2.5M producing a loss of 2.3M with a market cap of 50M-60M (ish). Compare that to a real small cap such as DGT with a probable 6 month turnover of 1.5M producing a profit of 400k and a market cap of 5M-6M. I mention DGT not as a ramp (I am sure there are other suitable small caps) but as a comparison that should be bourne is mind when determing the true value of SEO, it should help keep things in persepctive. OF course there is always the potential!!

pth

Today has been THE worst investing day of my life, to date. Broke all my own investment rules en route over the past year plus. A hard lesson in life. Now I have to make some very tough decisions over the weekend - whether to close out with huges losses or hold for the VERY long term? Not happy.

Markusantonius,
Snap. It's been a bad day. Made worse for me as I've just found out my mum's got cancer. Nightmare day X10.

Everyone who is still in, good luck, we're going to need it.
I will get back on my horse and ride the storm. Who's with me?

Paperbackwriter,

Sorry to hear about your mum-been there with mine and other members of my family- my thoughts are with you.

Still in - can't afford to do anything else.

Once this price moves back to my average I am out - don't care if they then reach 1.00 - this share is not good for my stress levels and quite frankly it's not worth it.

I have only dealt with FTSE 100 companies and by God that is where I should have stayed - this has been a very hard lesson and one which I am hoping for a very narrow escape.

I am sure there are many here who think the same.

The future now for this company is merging or selling the patents - this will dilute our holdings anyway so hence my reasoning to get out.

Can't stand the false dawns anymore - I am too old for this kind of hassle - have plenty of that running my own business!!

Final point:

Paperbackwriter,

I was told that there are over 300 cancers when my mum got it - so take heart as many can be treated.

Good Luck to you and your Family.

Ditto on the issue of Mums health.

Pinnacle,
Thanks for the kind words. They mean a lot.

Alan,
Ditto thanks.

message of encouragement from Paul-all around him are taking advantage of low sp and buying! He is as usual full of confidence and some well known companies have been poking around his website for info on SEO's products so interest is definitely rising whether SEO survives long enough to supply them is the worry. It wouldn't surprise me to see SEO gobbled up! I'm still riding-slightly saddle sore and would call for the faithful to be offered cheap share options after all we're nearly family by now!!

Well if wer'e family we are not being treated very well. More information would be nice. I am gonna keep emailing them and pestering them for more information and more performance, if you don't ask you don't get and I think more investors should do the same to keep the pressure on. Does anyone know what the Directors are getting paid? I can't quite work out where the money's goin, 2.3M loss?? "Increased costs have been incurred on the various initiatives that
have been vigorously pursued". What are these initiatives, the CEO's new indoor pool & Suana?? I would certainly like to see a breakdown of the administrative exenses!

Paperbackwriter
Really sorry to hear about your mum, I wish her well; be positive.
kim

Kim,
Thanks for your kind words.
I'm still reeling, but will have to be strong for her.
In the meantime, I have read Paul's comments over on the Stanelco thread he made up. He seems very focused.
I'm still hanging on long term. There are too many good products in the pipeline.

"focused" my arse!!!!! f*cked , more like !!
moneyplus, paul is "full of confidence" !! come on!! full of shit is what he is!! can you really believe a word he says??

This is what happens when a stock is over-ramped and over-hyped and should serve as a warning to new investors.

MASTERSON =A--- HOLE GUTLESS ONE AT THAT, where's is he now, afraid to show himself even under a different alias he's used eneough in the past, if ever this share turns blue again he might crawl out from under his rock,surprised SEO haven't told him to close his web site