The main activity of Biofuels is the large scale production and exploitation of biodiesel and glycerine following the construction and commissioning of the initial plant.

Biodiesel is produced from vegetable oils and, as an environmentally friendly product, can make a significant contribution towards reducing green house gases and meeting Kyoto targets.



RNS's from BFC can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=bfc&go.x=17&go.y=8

http://www.biofuelscorp.com/

If I wasn't already so heavily into this company then I would have topped up when I posted that RNS. That would have been a really profitable day trade.

Balistic - up over 15% and still going. Incredible.

Hoping it can now do a DOO, gallick.

Jumping Jesuits .... make that 20%!!

Profit forecast for 2006 have been upgraded by 40%. So we could potentially get a 40% uplift in the share price!!

tallsiii - who's done the upgrade?

TIA

Thanks - Tallsiii

Makes me feel good about holding onto DOO even thought its off its high.

What a pair!

SD

plenty of press comment and well up pre market.

Covered a 1/3rd +124. Running the rest for now.

BFC themselves issued the upgrade on their previously issued forecast. This morning they made it up to 280 which is 40% up on the 200 they were at at the time the statement was issued.

Thx tallsiii.

Amn amazed this thread isn't a touch busier.

Hi Big (chemic)Al - Too busy watching the blue! Nice colour, I always think.

Work out the full year PE on pre-tax profits of 14million net of 30% tax = 9.8 million against market cap now of about 75 million - PE = 7.65 very low for a growth story.

Now put in the 30 million pre-tax potential when the forward hedges have washed through into the new era price range for fuels = 30m less 30% tax = 21m - PE = 3.57 for a year later - nothing, so BUY BUY BUY, but of course DYOR and wiat for the excitement to die back a bit (cf DOO, now looking like a good consolidation around the 400-410 level, any dip below this BUY).

Woof woof

SD

SD

Had done some calcs along those lines yesterday too. ;-) Took a bit more trading profit, now running the rest.

Does anyboody know if the palm oil they will use is grown using petrochemical fertilizers, and if the old rule of thumb that it takes a gallon of oil (fertlizers, tractors, etc) to make a gallon of biodiesel is accurate or way out?

I would like to know who will be the suppliers of the palm oil and who will transport it to the U.K.Does it have a long storage life...so BFS can hedge against price surges?What about the private company producing bio fuels that was mentioned.Are they up and running yet?

Maybe it's worth dropping the chief exec a line with all your questions Ethel/Crystal?

Price is going up again...looks cheap as it will no doubt go higher

Very strong finish after a flat day.........mostly!

I'd expect some weekend press so keep your eyes peeled.

Spoke to some guys in a hedge fund yesterday and they have accumulated large positions in DOO and BFC, They think this is the sector to be in now.
Bought some more today...
have a good weekend all

Thanks Jules - keep us posted if you hear more. Very difficult to read timing with these two in their current volatile state. All collateral info very welcome.

SD