Stanelco Share Discussion Threads

[2pearly] 25/5/2010 08:09

Good 'ol Mr Mines.True to form.Still no news about how he's shafting us.

Looks like things are gonna be the same as they've always been.Complete disdain for shareholders.

He's learnt nothing from this calamity has he?

If he was half the man he thinks he is we'd be a happy and informed bunch.

[runnett] 25/5/2010 07:49

Brando,

LOL lastminute.com, maybe lastchance, waitaminute inaminute - i love the humour on this board!

Cheers
Runnett

[runnett] 25/5/2010 07:47

Hi Doctor,

I completely agrre with your statement, cash is running out. Although, needing more cash to make profit is the jam tomorrow philosophy by SEO for a decade.

I understand in the first years, SEO was moving away from RF into bio products. So there was a money pit for research fund raising. Sadly with each management change, so does structure and sometimes direction - again causing exceptional costs on the balance sheet.

Now, my arguement is for management having a need for a clear and precise strategy or mission for pursuing profits.

If you read the last fund raising prospectus, you'll find leverage, politics and clauses interwoven into the information. We had many great debates on the funding due to twists and turns. The bottom line, SEO secure their funding through institutions, get those guys on board and funding is found. The downside, the institutions can 'pump and dump' after an agreed time period. Reason: Generally, Finance houses are arguably money generators for their clients funds not the interests of SEO as a going concern. Their weight for information is a pressure PI's cannot equal, unless at an agm :)

Interestingly, i find the fund amount relatively small. I'm unsure of the reason, perhaps it'll come in waves or PM isn't as brash as his predecessors?

[fur] 24/5/2010 14:29

tomorrow? Wednesday? ? ?

[awja] 24/5/2010 14:03

Waiting patiently but for how long

[brando69] 24/5/2010 13:37

too true. is the domain lastminute.com already taken? if not, they could rebrand.

[2pearly] 24/5/2010 13:37

Everything is always last minute at SEO.If anything can be delayed it will be.


You'd think they would be trying to create a professional image and would be mindful of the discomfort they are causing all the existing shareholders but you'd be wrong.

It is just poor planning and doesn't bode well for going forward from here.It is this mañana approach that has hacked off a lot of us already.Always been the same and I expect it always will be.You can see why no deals ever get signed.

[mhw28865] 24/5/2010 12:49

something must come out this week they did say in may and not much left of it now !

[morgannn] 24/5/2010 09:44

Why not we did last time around.Announcement very soon me thinks they can't keep the lid on it much longer.

[iain222] 23/5/2010 10:48

why would you get a chance to buy in the fundraising?

[mhw28865] 23/5/2010 10:06

Lucky you i am £1500 down but will wait and see if we get a chance to buy in the fundraising.

[thecrownsucks] 23/5/2010 09:49

i'm just £250 down...could be worse..adding at .2p

[brando69] 22/5/2010 13:13

only sitting on a 66% loss here, so it could be worse.

[the_doctor] 22/5/2010 12:43

if you put your investor hat on, you'll see that cash was due to run out

building up profits takes cash until you reach breakeven

[runnett] 21/5/2010 23:34

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.

[boldtrader] 21/5/2010 16:55

Hey brand, you know what I mean, Actually i used to enjoy a good game of 3 card brag locked in the local hostelry,after the last bell, late at night,with a good bunch of like minded buddies. Are you still holding shares here? Cheers.

[boldtrader] 21/5/2010 11:28

More transparency is desperatley needed here, informing the shareholders what exactly they expect to happen over the coming months when the cash is raised and with whom.I have read the update several times and it all sounds good,but, we have heard it all before somewhere. We also need an insight of the owners of the 60% share uptake. Otherwise this is just a game of 3 card brag and going blind on your hand!! Cheers.

[rrrensch] 21/5/2010 08:53

There might be the possibility that the negativity has been forced upon the market by the board to enable them to pick up 5% on the cheap!
I think ALL positive news will be held back until after the fundraising.
Personally I believe the shareprice will move sharply north in a few month from now (and please don't see this as ramping!) - it's just my inbread suspicion, maybe I am right or maybe I am wrong. Having lost more than 65% of my investment in this company I am just as pizzed off as everybody else but selling out now is probably not the right thing to do - therefore I am sitting tight.
If they have managed to pursuade a 60% take up of the offer then they must have fed a few tasty morsels to the insti's - I don't think for one moment that they would throw good money after bad!
All i.m.h.o. naturally

[bulgarianpropertydoteudotcom] 21/5/2010 07:57

3rd choice i think. you forget they have been to the instis aswell and now it will be an open offer imo, i dont think that was the plan.

[2pearly] 21/5/2010 06:06

There are still no forecasts for what the company expects to achieve.You are right runnet in that this is a blind loan to the company again.

If nobody knows what the expectations are with regard to targets etc then the whole of the new money being raised is being raised on trust in the board alone which is one hell of a leap of faith considering the shambles for the past 3 years.

Let's not forget the cash call is the second option after the knock back on the acquisition.This isn't the masterplan, this is the second choice plan.

The only thing that makes it slightly more hopeful is that they are putting their hands in their own deep pockets so will probably reach the same conclusion as everybody else, that forecasts and PR are important basic necessities for attracting interest, and start to run the company more professionally.

[runnett] 20/5/2010 23:12

I always find small cap, aim and fledgling company fund raising interesting.

When we go to a bank for a modest loan, a bank runs a ruler over our ability in paying the loan back within in specific time period (i.e. mortgages). Public companies enjoy trying shareholders for borrowing with no specific pay back dates.

If SEO management are confident of profitability on the back of new funding. Then they should indicate breakeven or even a tipping point with a clear way forward. Are they meeting their targets if there are any, are there any milestones or deadlines?

SEO needs a to get a positive messsage out with a road map to profitability. They have all the information to make a reasonable effort of cementing shareholder confidence.

Hmmm - Perhaps if i became PLC i could afford a mansion? :)

[2pearly] 20/5/2010 15:33

It was more like a charter for what can be shorted.This way please to housebuilders and banks etc

[wolterix] 20/5/2010 15:10

yep, I saw

that worked, eh?

[vaneric] 20/5/2010 15:01

Not if you're a German Wolt. :-), see the new rules? V.