Stanelco Share Discussion Threads

[wolterix] 22/6/2010 08:30

yep, the buys are flooding in

but if I bought again now on LSE, I would then have to sell and re-buy the AIM ones? or do they get transferred?

[rajstar] 22/6/2010 08:29

30 mins and 64mil.

[nicd] 22/6/2010 08:24

they couldn't give the RI away at .125, yet asking .15, .16 now

[ch1ck] 22/6/2010 08:22

This is starting to move now just breached the 14p buy, now 16p. It loooks like people can see some value

[larry laffer] 22/6/2010 08:19

two bits from the RNS

"The Board is pleased to report that, in the current financial year to date (since 1 January 2010), sales growth in both its Bioplastic and RF Technologies divisions lies ahead of the market's expectations.........

The Board also reports that Biome's composting trials with a major American supplier to the food processing market, as highlighted in the Company's recent Interim Management Statement dated 29 April, have been completed successfully and that this opportunity is now moving into a commercial scale-up phase".

Good news on both fronts, and they undoubtedly used both to get the placing away, but only to the institutions. The PI's didn't get to see this info until after the event. SEO could have maybe used it to lessen the dilution/raise the offer price etc.

Suddenly Minesy's "I won't announce anything until the lorries have left the factory...." appears to have been watered down somewhat.

Stinks again

[conc2] 22/6/2010 08:09

This update will make sellers think twice

relevant bit from April statement

Having tested Biome resins on full-scale equipment a major American supplier to the food processing market is keen to take the products to market. Having already purchased initial quantities, anticipated success in composting trials could result in this supplier becoming a substantial customer in the second half of this year.

[mhw28865] 22/6/2010 08:05

over 25 mil traded already

[jimmyloser] 22/6/2010 07:52

I am not a holder, but have many friends who are or have been.

It is interesting to analyse RNS speak.

The house broker will have pencilled in their forecasts, the board appear to be saying that sales are running ahead of those numbers....if they were doing really well and the board was bullish, it may have read 'significantly' ahead of market expectations.

Commercialisation means that the trials have been deemed a success and they are now increasing capacity possibly in capital expenditure and people as they start to sell the product

imo

Good Luck here.

[nicd] 22/6/2010 07:49

PW,

out of interest, do you hold ANY stocks at all? I have come across you on several of my holdings over the years,as harbinger of doom. Do you have time to follow any companies you actually have confidence in?

btw, for once, I agree with your comment above about seo

Nic

[pwhite73] 22/6/2010 07:46

"The Board is pleased to report that, in the current financial year to date
(since 1 January 2010), sales growth in both its Bioplastic and RF Technologies
divisions lies ahead of the market's expectations."

Interesting they should use the term "ahead of the market's expectations" as opposed to the normal term "ahead of the directors' expectations." Of course if the markets were expecting the company to bust then just being alive is ahead of market expectations.

[johncsimpson] 22/6/2010 07:35

Think you and I have it nailed Pearly - a pathetic update.

[2pearly] 22/6/2010 07:32

Todays trading update is a particularly weak attempt at deflecting some of the criticism the board are rightfully expecting today.

Just more ambiguous words that say very,very little.

Ahead of what market expectations?

What does 'commercialism scale-up phase' mean?

[johncsimpson] 22/6/2010 07:30

RNS - part of

. . . . sales growth in both its Bioplastic and RF Technologies
divisions lies ahead of the market's expectations.

Anyone know what market expectations are/were?


Edit

I often have a quick look at this BB first thing in the morning but what has happened to all the posters?

[runnett] 22/6/2010 01:49

It's worth having a look at Singer Capital as nominated adviser and broker for SEO. These are the guys who will be on PM's shoulders during and after the transition onto AIM.

Have a look at their disclosures:



I couldn't find SCM listed under advisors on SEO's website - why does this not surprise me! SEO's information management is quite laughable, their website really needs professional attention for consistency, accuracy and timely releases for all stakeholders.

[runnett] 22/6/2010 01:19

Sir mark,

Interesting post, growth company website? I understand Robert Tyerman (news editor)carries weight in mining and insurance, with reputable credits. Although this work of his is just pulling information about Mines' history and his (Mines') thoughts on a cureent market, which we already knew.

I would of liked to see Tyerman's comments rather him editing a junior hacks piece from the net. Perhaps his assistant days at the Sunday Telegraph are long gone.

I like the part 'can make products degrade in a week or last for years'. Isn't this a dilute and concerate measure of ingredients. Reminds me of dilute orange, "look how much you get", or, concentrate orange which give you "zingy taste for five times longer". Merely a marketing feature.

I think PM and his board have done the talk, time to deliver.

Cheers
Runnett

[lwaxf13] 21/6/2010 18:31

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.

Translated:- we are runnig out of cash and need money for our salaries. Our market cap is now so small we are being booted onto AIM.

[lwaxf13] 21/6/2010 18:16

Ths is it guys and girls the final chapter in SEO. On past form the cash will burn, no deals will be signed, no major sales will happen, discussions with major brand holders will continue yada yada yada then it's all over.

[2pearly] 21/6/2010 17:25

Mmmmmmmmmmmm!


2Pearly - 16 Jun'10 - 14:51 - 21846 of 21866 edit

It could also be crass incompetence [something SEO do in spades]and he may still hold the other 2 million but whoever put the RNS together didn't realise.


RNS Number : 9777N Stanelco PLC 21 June 2010

21st June 2010

Stanelco PLC ("the Company")

Director / PDMRShareholding: Correction

Stanelco announces a correction further to the announcement on 15th June 2010 regarding its directors and persons discharging managerial responsibilities of Stanelco shareholdings.

Stanelco corrects that Paul Law already held 1,988,558 ordinary shares. Therefore, after purchasing a further 14,830,033 shares of 0.1p each in the Company at the placing price of 0.125p per share, Paul Law now holds a total of 16,818,591 shares, representing 0.29% of the issued share capital.

Enquires:


Stanelco plc 023 8086 7100

Paul Mines / Sue Bygrave



Well done maple_leaf on your spot.Might be an idea for you to contact Marchwood and offer your services as a continuity checker.Lord knows they could do with one.

[sirmark] 21/6/2010 15:35

People: Mining a rich seam

08/06/2010 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.

[thecrownsucks] 21/6/2010 10:51

whats the new ticker now?

[2pearly] 21/6/2010 08:28

That'll deflate PM's balloon.He was probably going to compare SEO to PLNT at the AGM.
He generally likes to always compare SEO with whoever has struggled through the year and claimSEO is doing better. It used to be SYM until SYM 10 bagged while we collapsed.
Then it was PLNT, looks like he'll have to find a new comparison target.Somethings wrong if these competitors can achieve and SEO can't.That won't change just because they spend our money changing the name.

[boldtrader] 21/6/2010 08:14

PLNT RNS makes good and progressive reading this am.......if you are a PLNT holder!! Patents and new business in the US.Tie up with M&S in Europe mentioned. Where are our contracts? We are in the same game. Aren't WE!????

[fur] 18/6/2010 11:13

They will flog the company and I would presume they are hoping in the lst quarter of this year; a polite length of time to say it is the best strategy and excellent offer etc, and will double their money (though I hope they hold out for much more)