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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stanelco | LSE:SEO | London | Ordinary Share | GB0005814198 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
29/4/2010 10:09 | i.e. the minimum shortfall of £1 million 30% pay reduction doesn't impress me much tbf if they are on £100k (PAYE!?) then it's not much of a hit to the wallet, 40% tax and all that being a director is all about dividend, not salary it's a saving of £300k, whoopee do | ![]() wolterix | |
29/4/2010 09:59 | So that is £135k between them.That ain't bad but not wholly convincing,will they step that up in the event of any shortfall on the minimum £2.7m? | grax | |
29/4/2010 09:58 | eeessshhh! it's touch and go over the next 6 months.......... | ![]() wolterix | |
29/4/2010 09:56 | OK, so they are going to risk their own money... after reading the posts on here no doubt - A minimum of GBP2.7 million will need to be raised for the fundraising to proceed. Preparations for the proposed fundraising are well advanced and, as at the date of this announcement, the Board already had non-binding indications of support to subscribe for more than 60% of this amount, including 5% to be taken up by the Directors and senior management of the Group. and they will take pay cuts if the fund-raising is successful... In support of our growth strategy the Directors will reduce their remuneration packages during this period of cash constraint by approximately 30% following successful completion of the fundraising described below and make further staff cost reductions. not before mind..... | ![]() wolterix | |
29/4/2010 09:52 | agree wolterix hefty director buts ARE THE ONLY THING NOW. Put your money where your mouth is, lead by example and all that. | daw2 | |
29/4/2010 09:46 | wolt - let us hope that some of the big boys force the issue of tying the fund raising to the publication of management expectations and forecasts. without that benchmark the small boys remain in the dark. but then again that is why we remain small boys because we are unlikely to receive the same level of information. | ![]() gnatschuff | |
29/4/2010 09:44 | For 3 years the figures have been in line with expectations [they will not do forecasts] so how come we find ourselves being tapped for more money and they are taking a 30% pay cut temporarily? So their expectations were to need money now and yet they've done nothing to cut overheads up to this point.If you couple that with the alternative in this threat In the event that the fundraising does not conclude successfully, the Group will be obliged to follow an alternate strategy that focuses principally on conserving its cash resources whilst seeking to realise potential value through an orderly disposal of the Group's assets. The Board anticipates that such a strategy will almost certainly require a cessation of much of the Group's current growth and development activity and a significant reduction in central costs. Going concern As explained above, in order to continue to pursue the Group's intended strategy, the Company is seeking to raise up to £3.5 million from an equity fundraising. If this fundraising is not successful then the Board will be obliged to follow the alternate strategy set out above. The Board considers that ceasing certain of its activities and seeking an orderly disposal of the Company's investments should generate sufficient cash to enable the Company and the Group to meet operational requirements whilst the Board pursues alternatives for realising shareholder value. However, successful disposal of the Group's investments cannot be guaranteed nor can the swift liquidation of its working capital or the continuing growth of the RF Applications Division if it becomes more closely constrained in terms of cash. The Board has concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt over the Company's ability to continue as a going concern and that, therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business I'd have to say I don't want these clowns running the company. | grax | |
29/4/2010 09:38 | if we are to be in clover in 12 months time, then would wanna see some hefty director buys......... | ![]() wolterix | |
29/4/2010 09:37 | let's hope so Gnatschuff Business Financial Newswire - Engineering group Stanelco reported group revenue up 21% to £17.9m for the year to December, ahead of market expectations. whose expectations? 'Edisons'? | ![]() wolterix | |
29/4/2010 09:33 | and bulg made a point about generating £3.5 mill additional funds - why so low? why not, if you're going to go thru' the whole palaver, try and raise £10 mill? maybe no-one would give them the money............ | ![]() wolterix | |
29/4/2010 09:31 | Not you grax.... daw2....I have always believed in the products...and thats the whole line of products that SEO produce....but Paul is not a sales/Marketing guy...he is a technical guy....very clever guy but not the drive of a sales/marketing guy... His RNS's are always dull and constantly saying about bringing back shareholders value for the last 3 years....but has done nothing but decrease it... There are so many other companies out there winning Bio contracts and what contracts do we have... So many things were said recently about Razors....whats happened to that?? I don't know...I don't have the answers daw2...I'm not sure Paul will step down because I know he is stubborn...not sure if he will get voted out because we don't know what he is saying to bigger shareholder/instis.. | ![]() jwoolley | |
29/4/2010 09:31 | yes, doc, like PLNT and all the others runnett is making some clear and obvious points ch1ck is averaging down - not sure why ch1ck - what are they looking to get the placing away at? company is LSE listed, but this is 'AIM speak' Board confident in full year outlook ยท Planned fundraising of up to GBP3.5m to be achieved through a placing and open offer this smacks a bit of AIM speak too Full scale trials are underway into two main application areas, one of which, for secondary packaging, is expected to result in substantial sales in the second half of this financial year. I'll keep a million here, but jeez they need to be less coy with the shareholders | ![]() wolterix | |
29/4/2010 09:24 | jwoolley so if you believe in the products and not the CEO do you think the CEO will go? and if not do you believe the products will deliver this year? | daw2 | |
29/4/2010 09:24 | Who sir? me sir? That's the trouble with you old codgers,you get confused easily ;-) | grax | |
29/4/2010 09:19 | You bought up the age thing pal....!!! | ![]() jwoolley | |
29/4/2010 09:17 | "The shock is that they are still coming for the money when they are no longer going for the acquisition which is what they were going to need the money for" but they needed more cash whatever. if they were going to make an acquisition, they'd just have needed more cash! It's quite simple for shareholders, you either take part of suffer even more dilution and if not enough take part, your company withers and dies. Sorry, I'm not glad to say that, but some people need to get real. Too many silly comments on this thread | ![]() the_doctor | |
29/4/2010 09:17 | Easy tiger! Not like you to get wound up. | grax | |
29/4/2010 09:17 | debate about money and age..excellent. need you also to advice brown tonite. | rajstar | |
29/4/2010 09:16 | If things are stated a little clearer within the results...then I think you will find PI's would be a lot happier....but for now...I am happy to hold my large holding....and may even top up again if it drops much further...why...beca | ![]() jwoolley | |
29/4/2010 09:14 | lwaxf13 - need you to give some advice to brown before tonite's debate!! maybe he will listen to your crock!! | rajstar | |
29/4/2010 09:13 | I maintained this company is a crock years ago and I got slated for it. I recall being slated and told that PM is doing a great job blah blah. Yeah right. If he has been doing a great job I would hate to see the havoc he can unleash on a bad day :-) Oh how things change. It now seems PM is not quite the star afterall. My view is it's still a crock and this piece is taking the p*ss "We now intend to seek support from our shareholders to enable us to fund the accelerating development of the Group." Would that be the same shareholders shafted for the past three years? | ![]() lwaxf13 | |
29/4/2010 09:12 | Okay, bounce time. | ![]() awja |
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