Stanelco Share Discussion Threads

[boldtrader] 25/6/2010 10:45

yes jarvis. Quietly confident.

[jarvis4] 25/6/2010 10:23

Did anyone from this board actually take the time and trouble to attend the AGM and put to the management some of the pertinent questions aired on here?

[2pearly] 25/6/2010 09:39

The buying has run its' course and now we are just left with the forced ISA sellers and the bid is gradually coming down from .1264 to .1245 to .1230 with each sell.

I've got a very,very familiar feeling again.
Placing/dilution all done and now back into the deep dark silence where nothing happens until the next obligatory update.

The board are obviously taking their bonuses as they have not come out and said they aren't so it was just a scam by Standen to get out of uncomfortable questions at the EGM.

Also no confirmation anywhere about when the 30% reduction in remuneration will take effect if at all.

[2pearly] 23/6/2010 08:00

Looks like we are back as you were before they tried to calm the potentially volatile AGM with the usual 'honest, we are working with some people' trading update 'but we can't tell you who,when,where or how much because.........................nobody's actually signed up to anything'

.12 - .13

and here we will stay until they actually sell something.

It smelt of 'same old,same old' yesterday and it was.Just more hot air, a stagnant share price and directors filling their pockets.

Anyone know when they are cutting thier salaries? anyone know whether they have taken those bonuses to which they were 'contractually entitled' thatthey made quite a show of having not taken yet?

[pwhite73] 23/6/2010 00:04

That anybody thought the bid price would end higher than 0.12p is share madness. The only people that will ever make any money from these low priced shares are those that were privileged to partake in the placing.

[goodluckpete] 22/6/2010 17:46

some big trades went in late on...

[boldtrader] 22/6/2010 14:42

Re AGM. Been,seen and holding for awhile longer. Cheers.

[fur] 22/6/2010 14:40

National Starch itself has bee bought; lets hope corn industries wnts to expand?!

[glyn10] 22/6/2010 14:35

I do wish we could start getting some solid figures. Expectations are not worth much. If we get figures we then have something to start bench marking performance against rather than specualtion and expectations !!

[sirmark] 22/6/2010 10:17

Stanelco (SEO, 0.12p, £7.06m) AGM trading update, post the highly dilutive placing that had a theoretical ex-rights price of 0.165p, reports sales at both Bioplastics and RF Technologies are ahead of market expectations. The Biome bioplastics composting trials have successfully completed with a major US supplier to the food processing market and it is now entering the commercial scale-up phase. The group will be renamed Biome Technologies post the admission to AIM around 13 July. Funded for the time being with sales approaching £20m it is right to move the shares back from the Sell to a SPECULATIVE BUY as the indigestion of the new shares eases.

[sirmark] 22/6/2010 10:11

Volume up, now time for the share price

[rhodsey] 22/6/2010 10:00

Hamlins,
Thanks, confirms my understanding: the shares will be directly transferred from one account to another, not sold in one and re-purchased in another.

[lwaxf13] 22/6/2010 09:41

Same old spin; talking to leading brand owners, trials, commercialisation yada yada yada. Show us the money!

[hamlins] 22/6/2010 09:40

TDWATERHOUSE - When on 13th July the shares are delisted and moved to AIM,if you hold any shares in the ISA in crest they will automatically moved into your trading account if you have one free of charge otherwise you would be given a choice of either transferring into share certificate or sell both will cost dealing cost.
Above is the info supplied.

[fur] 22/6/2010 09:32

The sudden jump in volume suggests something else will be announced today. Takeover?

[wolterix] 22/6/2010 09:27

lol bulg!

although I think brando might have other ideas, when I see him next Tuesday..

rajstar - I sold all mine a while back, got cold feet after that Novamont RNS and then here we are

but

if they seriously are on about 'commercialising' this food chain malarkey trial thingy, then it may be worth a punt in a month's time, is my thinking

recoup some losses....

[ch1ck] 22/6/2010 09:17

Rho

If the broker recieves instructions that the stock cant be held in an ISA

you won't pay dealing costs but there is still a sell and a buy transaction.

I you leave it to automatically be done if you have the situation like today you could be unlucky to sell at .13p and buy back at 0.16p the spread is the killer.

That,s why I did it with my broker with me on hold and paid the dealing cost of £25 to be in control.

[rhodsey] 22/6/2010 09:11

My understanding is that there will be no requirement for a shareholder to sell ISA-held shares (via Halifax anyway!). I have SEO in a Halifax ISA and phoned them a few minutes ago to register my concerns. They replied that the standard practice would be simply to move the shares from the ISA account to my normal sharedealing account i.e. without penalty to myself in the shape of dealing costs etc.

[ch1ck] 22/6/2010 08:58

Wolerix

I have just sold 6 Mil ISA at 0.133 and bought them back at 0.138 it took less than 1 min and cost £25 plus the spread of 0.05.

I have taken the view to get in now before you are forced to sell on the 13th of June as the percentage gain will be more from here.


Best of Luck

[rajstar] 22/6/2010 08:53

mms have enough stock to shift i reckon.

[rajstar] 22/6/2010 08:53

60mins and 100mil.

[rajstar] 22/6/2010 08:52

wolterix - are you currently holding shares on LSE? if so it will move to aim ad you buy and sell like normal. even if you bought it now on LSE on a T20, when you sell it will be going through aim.

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wolterix - 22 Jun'10 - 08:30 - 21886 of 21889

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?

[wolterix] 22/6/2010 08:37

thanks Ch1ck

I'll hold off for now...

have they said what the ticker is gonna be yet?

[ch1ck] 22/6/2010 08:34

Wolterix

You have to give instructions to your broker. If you do it manually you get more control but it can take three days or more to clear the funds.

If you let the broker do a buy and sell you will pay the spread but it will be done in one go