Renova Energy (RVA) is a US-based company listed in London which specalises in producing ethanol from grain to add to petrol in order to lower emissions. Already profitable, turnover is expected to leap over the next couple of years as US legislation (passed yesterday - see RNS) requires a big increase in the use of ethanol based fuel. With enviromental rules tightening this Company could be in for a very profitable time. As usual DYOR.

Great work miracles, if you got in low originally in RVA then you could easily double your money this year and more.
I should have had the foresight to do the same but Ive got a large chunk in GTL now so its just waiting time.
Also hoping that shares mag trades out RVA for GTL soon to show a little bit of tenacity in their green portfolio.

anyone any insight why rva is down today?

becuase GTL is the next big thing and Renova holders are beginning to realise it.

Not deramping but
Renova Results just out, comparing their ethanol production for six months at 2.4 MMgal and their M/Cap it does make GTL look cheap, Gtl on start up are going to produce 50MMgal rising to 100MMgal or am I missing some thing.

Average daily production from the old plant prior to decommissioning on 11 July
2006 was 13,721 gal/d (2005: 14,084 gal/d), which was equivalent to 100% of
name-plate capacity despite some disruption during this period due to ongoing
construction work. Following a shut-down period of 5 weeks whilst the final
tie-ins for the new plant were being completed, production from the new plant
commenced in August 2006. Average daily production during the start-up phase
through to 30 September 2006 was 20,403 gal/d. Total production for the six
month period was 2.4 MMgal (2005: 2.6 MMgal).

Running a spread of 15p at a sp of 107.5p does not help in this market. RVA will continue to slip.

anyone knows why what is going on with the sp today?

Maybe some bad news is imminent

Resistance is futile!!!

This is free, free falling

on the bounce today, after a large buy trade earlier this morning
on the chart could be a double bottom forming as Indicators are at oversold

+3p and now looking good on the bounce

I am cautious of RVA...its bounce is not as pronounced as its dippings.

This looks like a seriously big US-operation...the problem is will tere be any profits for us Brits?
The Co raised a lot of money (twice?) on AIM and some foolhardy types were prepared to pay GBP2 for the stock and even now at 88p I'm not convinced there aren't better investments about. Woolworth can be looked at, just go in...and has a reasonable yield - - if management could only get to grips with the product-mix it should surely move up? (WLW is about 29p) - so here we ahve a US-based co subject to US Legislation (Oops, look at PartyGaming!) and no profits returned to shareholders.
If there is a [RVA]-turnaround ...(looking at the charts) - I can't see it.

on the way up?

these got a kicking today.............does anyone think these will recover?

i bought in at 90p some time ago

The graph is relentless - 46.5p now.

no probably not scott. GTL have far stronger and more profitable plant and are heavily on the slide. if you like ethanol as a sector you'd be better switching but neither i would advise as a buy just yet.

Suspended at 33.5p...


Renova Energy plc
17 December 2007

The Company has today requested that the trading of its ordinary shares be
suspended with immediate effect pending clarification of its financial position.
The Company has identified cost overruns in relation to the construction of its
new ethanol facility at Heyburn, Idaho, and a further announcement will follow
as soon as possible.