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/

Biofuels Corporation plc


Biofuels Corporation plc was informed on 21 April 2005 that Toscafield Limited is no longer a beneficial owner of any shares in Biofuels Corporation plc.



ENDS

END

So between 15th April and 22nd April Toscafield had 14.8% and then dispose of it entirely. Anyone notice this going through the market - 6,669,090 shares.

Morgan Stanley who had 5.12% on 21 April, up from 4.2% on 12 April, announce today they now have 19.9%, so I gues we know where Toscafield's holding went, presumably not via the MMs.

So I think this news is neutral (no massive sell off) to good (Morgan Stanley building a very sizeable interest) - what level triggers a full offer by the way - is it 25 or 30% can't remember?

SD

Market report: Monday close
Mickey Clark, Evening Standard
25 April 2005
HAVE we seen the top of the market in City speculators' favourite Biofuels, the company that plans to build Europe's biggest plant for making diesel from vegetable oils on Teesside?


The shares slid 4p to 227p after hedge fund Toscafield, its biggest independent shareholder, sold its entire 6.66m shares, almost 15% of the firm. Toscafield is the vehicle of Martin 'Rottweiler' Hughes, who walks away from Biofuels with a big profit.


He has watched as the shares raced up from 66p shortly after floating last summer to a peak of 302p last month. It is not known what price Hughes sold at or to whom. He topped up his holding last month with a parcel of shares at 230p each.

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=399992&in_page_id=23&ct=5

wilby

Ouch 20% down - rather nasty, glad I dumped mine some time ago.

As usual, an over-reaction from the market I suspect. Buying opportunity?

Buying opp.?..maybe, but let the dust settle 1st I reckon.

Next support level at 140p?? We will see if it breaks that or can stay above it. I guess it depends if buyers are convinced in the company and what news will be released next. I got out on Monday but will get back in when it settles.
wilbs

No one has mentioned this mornings RNS which accounts for a fragile market looking for victims picking on BFC. It's not really such bad news, but see waht negative news can do in a jittery market.





RNS Number:7057L
Biofuels Corporation PLC
29 April 2005



29 April 2005

Biofuels Corporate plc
Project Update

Biofuels Corporation plc ("Biofuels"), which is building one of Europe's largest
Biodiesel plants, makes the following update on the Project:

Due to slower than expected contractor performance, Biofuels believes that the
biodiesel plant will now be operational approximately four weeks later than
previously anticipated, in August 2005. Despite this, Biofuels still expects
that full biodiesel production will be achieved by the end of September 2005.

Following discussions with potential customers in Germany, the Board has
determined that the attainable sales price of Biodiesel is expected to be lower
than previously predicted. Conversely, due to underlying increases in ULSD
values, UK prices are expected to be higher. The company is therefore focussing
its short term sales efforts on the UK to match anticipated production.
Progress on sales discussions in the UK is encouraging and the company is also
pursuing other European market opportunities.


Contacts
Biofuels Corporation plc Binns & Co PR Limited
Sean Sutcliffe, Chief Executive Paul McManus
Bob Green, Finance Director

Tel: 01642 345 683 Tel: 020 7153 1485
Mob: 07980 541 893

Can't work out if this will bounce on Tuesday or not. 20% seems to be a bit to steep a fall based on this news.

Oh mystical Stockdog, what are the charts telling you!?

rgrds
gk

Please do tell us mystical Stockdog. Im a novice at charts. Is the last spike called a 'Head & Shoulders'? If so, what does this tell us? (and no jokes about shampoo please!!).
wilbs

I can't tell anything much from the chart, since it is still pretty undefined - not a calssical h&s - too asymmetrical. I think largely oversold in a market looking for excuses to savage the price of small caps. Any bad news accentuated into a major crisis.

Forced to guess, I'd go for a major bounce when the market in general turns its face to the sun, but too unsure to put money on it. Since it has fallen sharply through the Aug, Nov, Jan uptrend line, there is no visible means of support above 140p.

Meanwhile, I continue to hold my free ride after profits, plus thre rights issue on my orignal holding.
5% up on cost - a far cry from theose heady days of over 100%.

Anyone got any fundamental figures on this share? Since it is imminent danger of actually trading (give or take a month!) we should start to do some proper analysis here.

SD

I am quite glad I did not go for the bounce...... since it is down over 17% today!!

Of course the same question remains today about whether this is a buying oppo!!??

rgrds
gk

I see you've been thinking what I've been thinking gallick...to coin a phrase.

Not touching It till It stops falling, and might not touch It even then.

Well this looks like a bounce to me.

Solid support levels at 140p as we all knew they were cheap at that price a few months ago.

The current market cap of 60m against annual profit of 14m is very favourable. Especially if they set up another factory and start making 28m a year. That puts them on a prospective PE of 2!!!

Time to get back into this one me thinks!

looking cheap now. Going into it before it bounces big time.

From shares mag today.

Interest in alternative energy sources continues
to hot up and has had a mixed effect on shares
in Biofuels (BFC:AIM). The company listed at
around 70p last year to raise money in order to
build its first plant converting vegetable fat to
diesel at Teeside.
The shares took a while to grab the
markets attention but soon rocketed up. Since
the interim results in November, the newsflow
pace has picked up, with a new finance
director joining in February, followed by strong
trading news at the AGM in March and news of
a 33 million fund raising at 230p.
But then it all started to go wrong. The
management told markets that construction of
the plant was on time and within budget, but
just a few weeks later said there would be
delays, with lower revenue from the German
market. This has put the dampeners on the
shares, which have fallen by nearly a third in
the last month to 167.5p.


wilbs

What Shares does not say is that BFC intend to replace the German sales with higher value sales in UK - the statement suggested this would be neutral to me
.
Also, I am not convinced 4 weeks delay is worth 1/3 the SP. So it's a definite buying op with a perfect bounce at the 140p support level IMHO.

Although having broken below the 200dma I guess the renewed upward track will be at a less precipitous angle than its initial rise to the peak of 306.

If the technology is fully proved to work by end of 2005, it must be a share of the future which we will all want to be part of.

SD

At work earlier I checked the price of BFC on my phone with FT.com and the SP was 265p!!! What a shock I had when I checked on another site and it was 145p.
wilbs

There was a rouge trade that went through at 256. FT prices are always based on the last traded price.