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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Stanelco | SEO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.12 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.12 | 0.12 |
| Top Posts |
|---|
Posted at 09/7/2010 11:55 by barf2 .1205 to buy now.How chuffed all those that took up the open offer must be with the strength of the share price since their investment. Looks as though the markets as well as most investors thought the company would do something to capture the momentum of the fund raiser and start a new regime of regular communication and coming through with some news of these 'trials' that have been going on for 3 years. So much for the scaling back of what people could take up at the fund raiser because those that wanted in at .125 and couldn't get their desired quota are noticable by their absence at .1205. Others in the sector reporting tie-ups etc SYM earlier in the week, CERE a couple of days ago and SEO, on the back of the successful trial completion.......... |
Posted at 03/7/2010 08:00 by barniebear Big City investors have pledged to work more closely together to clamp down on badly run companies under a new code published todayCould this be why they moved to AIM.?? |
Posted at 01/7/2010 10:05 by sirmark Stanelco (LON:SEO) (SEO 0.12p/ £7.06m)Last week Stanelco issued a trading update to the market and most pleasingly, both the RF Technologies and the Bioplastics divisions are experiencing sales growth ahead of market expectations. The Company expects to see continuing opportunities in the Biome Bioplastics division, with this area really driving growth in the future. The trials with a major American supplier to the food processing market have now been successfully completed and are currently moving to a commercial scale-up phase. It is encouraging to see the Company making progress, and now that it is fully funded post the recent placing (raised £2.8m net) we see further growth coming through more quickly. It is also testament to the management's belief in the business that the Chief Executive, Paul Mines, and the Finance Director, Sue Bygrave, both waived their 2009 bonus payments. We applaud management teams making such sacrifices, and this demonstrates the commitment of both to driving the growth in the business. The share price is still around the level that institutional investors recently bought stock at and we think this presents a fantastic opportunity to buy into this attractive bioplastics business. SirM |
Posted at 21/6/2010 15:35 by sirmark People: Mining a rich seam08/06/2010 Robert Tyerman Reduce text size Decrease text size Increase text size Increase text size Print article Print Share this article Share Email article to a friend Email Paul Mines, boss of Stanelco, brings some useful big-company dealmaking experience to the task of turning this loss-making former radio frequency technology concern into what he and investors hope will become a profitable niche player in bioplastics. He recently launched a £3.5 million open offer to existing and new investors to help Stanelco, which is renaming itself Biome Technology, to reflect its new core business, reach profitability in 2012. An experienced packaging industry hand, for eight years Mines ran Betts Group Holdings, a leader in printed laminated tubes for the oral and personal care markets, having led its buy-out from the mighty Courtaulds group. He now feels that a company at Stanelco/Biome's stage of development will fare better and pay lower fees outside the constraints of the full London Stock Exchange listing and wants to take it to AIM, with Singer Capital as nominated adviser. Stanelco/Biome is now focused on starch-based granules, used by large commercial and industrial concerns to make biodegradable and renewable materials for premium-priced flexible films, solid articles and coatings. Mines, who claims that Stanelco's versatile granules 'can make products degrade in a week or last for years', says sales are strongest in northern Europe, where environmental legislation drives the market, and is hopeful about progress in the USA. He and his fellow directors are contributing 5 per cent to the funding, whose discounted 0.125p price was needed 'to make sure we got more than our minimum £2.7 million target'. They have also taken a 30 per cent cut in remuneration to help the company out of the red. |
Posted at 28/5/2010 10:39 by dr jekyll What we need here is a change from the moaning about the management. Anyone wanting to talk gloom and doom just come on here and be miserable.AIM is a bad move as it affects those of us who have SEO in an ISA which I suspect is quite a few not only on here but other investors too. It is cheaper for cos. to be on the AIM than the main market so you are wrong there 2pearly by the way. SEO have received quite a few contacts from investors about the ISA problem apparently, including myself, and are looking to see if something can be done. My view on that is that they will probably get nowhere unless they change their mind about an AIM listing. |
Posted at 21/5/2010 23:34 by runnett Hey Boldtrader, I think three card brag is a good description for how SEO management are conducting their fund raising business. Unfortunately their 'bluff' isn't working on some. This fund raising smacks of poor investor relations and an inability for serving up information for prospective investors by SEO. With a little more effort and the use of a detailed prospectous knocked together, the fund raising may not of raised to many eyebrows. I've put on my investor's hat and began running a ruler over the funding, with some questions: What is the funding for, working capital? How are SEO going to use the proceeds? Which are the commercial viable products for the funds? What are the risks? How well were the last funds used (2006 upto 14.4M)? Perhaps the prospectus is due soon, this may help answer my questions. |
Posted at 13/5/2010 19:29 by dr jekyll Grax, I am quite pleased that you were not in LGB for your sake but also because that means you are not who I thought you were. I sorted things out with the guy who took the court action against many posters after I had apologised. I was in the wrong but he had caused a lot of grief and concern to many investors there. All done with now and LGB shares should be coming back onto the market at some point so I may get some or even all of my money back. Your comment brought all those memories back and it was a very bad time for a lot of investors including me. Some lost their houses over it and a few were suicidal. Apart from that life is looking up apart from these SEO shares of course. |
Posted at 30/4/2010 12:06 by dr jekyll Iulia's post does not say it all. It is a good post but there are also several positives here which were clearly spelled out in the Annual Report and Management Statement.Unfortunately, there are a number of kids (well they post like kids) posting on here as you say vaneric. Imo this company is moving in the right direction and assuming the fund raising goes ahead o'k then we will see the share price reflect that progress sooner or later. Many investors these days lack patience with their investments. Sometimes sticking with a company when you have bought in low can reap rewards if you are able to wait long enough. I appreciate some genuine investors can't or don't wish to by the way. |
Posted at 22/4/2010 12:55 by grax This from March 2009"We would like to acquire a small company which ideally would have a good sales force and technology to expand our company and roll out our products more quickly to market," Mines said. He added that while the company has GBP 6.4m in the bank it also has the backing of "mid-tier financial and private investors" who know of Stanelco's plans to grow and could lend further financial support. We ain't got that cash now,nor an acquisition. If you've had discussions with 'mid-tier financial and priate investors' what is the time period that they are obliged not to act upon their new found knowledge under FSA rules? If,say, a year went by, could these 'mid-tier financials', having not been called upon to 'lend further financial support', then act upon their knowledge? A hypothetical scenario PM approaches Shroders and Fidelity [already heavily into SEO] and explains his plan about an acquisition.One may like his plan one may not but neither can trade in SEO as they have insider information about PM's plans. 3 months,then 6 months then a year go by and no sign of any progress.Can Fidelity then start offloading stock in the knowledge that,as the cash funds have been decimated,SEO will have to raise funds via a dilution or rights issue? They know the share price will suffer and they could buy the same stock back a lot cheaper.If that were the case would SEO be right to put out an RNS saying they know of no reason for a sell off etc? |
Posted at 15/4/2010 01:28 by runnett Hi everyone, Just passing through, Are we due an update on the 16th? There's a note in the header of the page indicating this. JimB: I know how you feel mate, each CEO who comes and goes enters through the school of spin, learns and drinks from the trough of investors money - then graduates with shares and golden handshake onto the next rising star lol. The direction of SEO over the years has been facinating to say the least. Each management team has been redirecting the core industry here and there with little or no affect. With the exception of many fundraising and consolidation events where shareholders investments begin to dwindle (mine included lol). Ironically, the most stable part of business have been the RF furnaces (i admit to having a fondness for optic fibre manufacturing). You may think i'm bitter - yes and no - yes, i think management could of performed better in the last 5 years and no as they are still here trading when many small caps have hit the wall in the last couple of years. So will this management be the new teachers or just move on has graduates in the art of extracting investments from investors. Business as usual! Cheers Runnett |
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