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

.3m on 1 May.
3.7m raised early June.
.9m now.
Therefore at least 3.1m spent in 3 & half months, probably more considering revenue income.
Of this 1.6m was the stage payment to Biotec (already made according to half year statements, OBLO)
So the "other" rate of burn is 1.5m. A little lower than in the first half year.

So SEO doesn't need more funding - good, then why is the sp down? (Or Up from the Director Buys at 3p about two years ago).
This company seems to be up and down like the proverbial.
Packing is not exciting, Governments are trying to say "use less" - whereas SEO want us to use more (of theirs). I just don't see SEO selling the environmental aspect.
We hear they are experiencing difficulties in borrowing (my words) food processing machines (to trial their wares)....yet isn't it highly likely this would be the case? What efficient company has spare capacity lying idle?
SEO needs to be partnering either the machine manufacturers, or the food processors - OR, offer a machine that is dedicated to their own needs - why don't they buy one - or do a deal with the manufacturer so they have exclusive sales for the first year? MAybe they should be making their own stainless steel and plastic machines...dedicated to their materials...double the interest, or by Rental, gives them a greater grip on the consumables.....
I get the impression this company is flapping about like a ship with a broken rudder. Confused RNS don't help. If they have enough cash, why don't the tell us how much - and how long?
That SEO's RNS is confusing the Market should be no surprise - Yet (posted here)their PR firm says SEO has enough cash (for survival?).....but I suspect the Market know best: The price has dropped 6% today.

had a call from the new FD who said he is not worried about the cash position. Joining the company 8 weeks ago he said his first job was to review the financial position of seo. As they were now going into commercialisaton stage he took out the staff he no longer required(12) and mr robbins now advising only. He blames GS delay on the packhouses having the busiest period ever, but states that a live trial in stores for september. He states starpol selling well in the US and wagner's visit to the US rated 10/10. Also the asda rns was pulled when they relised while updating the website it was accidently published before the rns, another blunder!
Starpol 3000 approval is imminent, but he like many states that biotec will be the real money spinner and they are running at full capacity in germany. But all this relies on generating money very soon he said...

Hangon,
The issue is not so much about using less as wasting less.
The Greenseal system has less waste, as the products apart from lasting longer due to the seal, have a lower spoil throw away percentage.
Starpol is also a less waste product as it will not pollute or fill landfill sites.
SEO are selling the environmental aspect, governments across the world are pushing it, but as always it's the end customer that will decide if SEO make it or not.
Anyone who thinks the green issue is not the way to go is in a very small minority.

greekman (Your boys took one hell of a beating ...... etc, etc) ;-)

I think that it is about time that a particular myth be readdressed and put to bed. Starpol may be a great product with its environmentally freindly benefits, but don't get too carried away with the idea that this will be the future of packaging. It wont. Why am I so sure? Have a think about disposal.

I keep reading posts from holders on this thread stating that Starpol being biodegradeable will not fill up landfill sites, etc. But do any of you holders out there have a local refuse collection where they ask you to seperate out the biodegradeable plastics? Do you have a third bin for this. I didn't think so.

The truth of the matter is that the consumer will still throw away the packaging material with the rest of the domestic rubbish destined for a landfill site. I very much doubt that at the refuse collection sites there will be a host of people sorting out the biodegradeables from the rest of the trash. As a result, Starpol products get incinerated or land-filled along with the rest of the rubbish.

So what incentive is there for a retailer to move over to Starpol. It would be more costly in the short term and they couldn't advertise the green benefits since the consumer would be aware that there is no special provision to deal with the disposal of biodegradeable products.

Sorry to sound negative, but it had to be said at some point.

And on a lighter note, what exactly is wrong with land-filling all our bio-products and paper based products. This will provide the oil for our great-great-great-great-great-great-great-great-great-great-great-(etc)-grandchildren in years to come.

Hi StarFrog,
The point is that biodegradable wont fill up landfill sites due to its breaking down qualities. Oil based plastic products can take well over 100 years (can't remember the stated time scale) whereas biodegradable is often, given average conditions less than 1 year, so more room for all that waste that we do throw away.
I agree that we will still chuck a high percentage of recyclable material onto tips but hopefully this percentage will drop.
As to the footy, 4 lucky goals. We was robbed.

StarFrog
You only got half the story.


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Ignore the above cant delete it either.

Hi greekman

Point taken, however ...... landfill operators try to disperse the rubbish evenly to avoid pockets of material decaying at a faster rate than the material surrounding them. If this were to happen there is a danger that pockets of explosive gases accumulate (e.g. methane). Additionally, a landfill site containing volumes of material that decay at different rates is mechanically unstable (don't forget, the plant machinery has to drive over these sites, and who would risk the chance of dropping into a hidden hole!).

With this in mind, there is always the possibilty that fast degrading biodegradeable materlals will not be allowed to be placed into conventional landfill sites. So, without a proper disposal method who would want to buy?

Brilliant site THANKS Driver

Peter

StarFrog, sorry, but what a load of nonsense. You say in one post that landfill operators do not sort one material type from another and then in the next rubbish is dispersed evenly. As all of your household rubbish is tipped into the site, the 'dozers spread it around, end of story. This rubbish of course contains materials of differing degradeable rates, food, paper etc and non-biodegradeable products. Whether it contains any quantity of biodegradeable is immaterial in this context. What is important is that we reduce the amount of non-biodegradeable whether that be by recycling or for example the use of Starpol. There are only so many holes we can fill.

pth

pth

Sorry pth - I guess I phrased that last post a bit poorly. The point was that landfill operators don't take any old rubbish (no pun intended). It is effectively graded by merit of what is and what is not allowed to be tipped. Accordingly, landfill operators attempt to keep materials that decay at different rates apart. Now I am not talking about some guys sorting through your domestic rubbish when it arrives at the site. What I am saying is that different grades of material (domestic, industrial-light, industrial-heavy, low toxicity bio-medical, etc) are tipped at different sites or at different locations within a landfill. What the operator does not want is domestic waste that contains material that may decay within one year when the rest takes 100 years. So if Starpol and its freinds are to be marketed as the new green materials that decay in a year, then it may be that alternative arrangements will need to be made for their disposal.

Recycle while you still can!

4000000 buy after hours

StarFrog,

If you looked through your own rubbish bin, you would find all sorts of rubish that decay at vastly different rates, from plastic packing to potato peelings - how does throwing away biodegradable packaging alter what is already happening at present??

starfrog,

Isn't the real point here that it isn't up to the land fill sites what they take - they have to handle what is 'dumped on them' (pun intended).

It is the land fill site operaters who will have to adapt.

Asda heralded their zero waste programme with fanfares and trumpets and built recycling facilities at some of their warehouses. They create back of store facilities to recycle all their cardboard and Outer packaging, which the empty delivery lorries return to the depot for correct disposal.
is it beyond imagination that Asda create a facility for Starpol products, rather like a bottle bank, and put the please recycle on your next visit sticker on them, for the lorries to take back to depot, and possibly pass back to the farmers who are delivering.
It might not be taken up hugely, but the point from Asdas view is that they have another big news story to convince us all how very green they are.
alan

Al, I would have thought that the whole point with Starpol is that it can be thrown away and therefore will, and will wind up in landfill sites (or possibly incinerators) where it will break down in environmentally "friendly" fashion. Can't see anyone arranging to bring it back to the supermarket.

EDIT: or do you mean the farmers will somehow spread used Starpol products on their land as manure? A nice idea, but somehow I can't see it catching on.

From uk-analyst.com

Shares in environmentally friendly packaging group Stanelco slid 1.075p to 4.125p after the company said it may have to pass the hat round again. In a trading update the company said it had cash in the bank of 900,000 pounds, with an unused overdraft facility of 200,000. It reckoned this was sufficient to meet its cash requirements for a further three months in the absence of further funding or new revenue streams. The group said it was currently exploring all financing options including a public equity issue. This is a great company with great prospects, but with funding and timing concerns to the fore, the stock appears overvalued at present.

ST,
No I can't see it catching on, but thats not really the point.
Asda want green, but not at all costs. They only want green because it sells tins of beans. How succesful the green story is, is irrelevant when compared to the value of the story they will tell the world.
Imagine if you will, we sell spuds that are grown organically, and locally, with minimum delivery mileage. When you have eaten our spuds, take the packaging back to Asda, put it in the bin and we will give it back to the farmer to use in his fields to grow the next crop without the need for excessive chemicals. A virtuous circle.
i am not saying it is right, but even a retarded PR or AD man can come up with a hell of a green marketing campaign with that to work with!!
And that is the point. How will GS and Starpol help Asda sell more spuds?
Alan