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/

hello Big Al, I've been watching BFC for a few months now because of a recommendation in a money mag, to me this looks like a good investment so it's down to timing an entry, I will wait to see if this is a start of an up trend.Regards goal.

Hi goal.

I've no position at present. Like the long term thing, but can't stick these in an ISA and I do little real share dealing outside that. Personally think this hit is well overdone, but you can't buck the market and any bad news by anyone is getting hammered just now. It's a time to keep the powder dry(ish!) and see what develops.

Patience or ease back in, methinks.

Thank you for you thoughts.

Can anybody explain this...

Yahoo says todays price is currently 94.75 +6.75 up 7.67%

Money AM says price is currently 91.00 +0.00 up 0.00%

It has been like this for a good few hours!!! Who is correct and why the price diff???

Ta

Simon,

BFC was briefly at Yahoo's price before falling away. Might be delayed prices at Yahoo?

Mmmm

NLR & SBT are the same, the prices dont match. Its not a 15 minute thing, BFC is now showing on Yahoo as +5.40%

O well, guess it will all pan out by the end of the day....

I suppose to get the real price of anything Is to go Into your broker and see what price they give.

Just a thought.

simonpayton,

The price from MoneyAM is the correct live price - it is currently at 91.5p up 0.5


Ian

simon yahoo go for mid bid price m8 imho
i had same problem with a few of my shares

but if you must know the real price go to the stock exchange site its usually right imho

simon: Also be aware that Yahoo do not show mid price they display the last traded price which on their 20 minute delayed feed shows as 93.5p,when in fact they should use the mid for SEAQ stocks. Since the 93.5 trade there have 4 more declared.

Ours are real live marketprices!!! So we are showing bid/offer of 90/95p, mid of 92.5 up 1.5p which is 1.65% up 1.5p. Spot on

LsSE site is 20 mins delayed also.

So best to use our live prices:-)

OK

So MoneyAM is the "correct" price, thats cool, as long as I know which one is correct. The bugger is that I have a ticker in my browser and I think that gets the data from Yahoo, so I get all excited and then look at moneyam and the price aint move :(

So Ian, next job, you guys doing a ticker for FireFox?? :)

Ta

BFC is dirt cheap now...82p... BUY

Beat me to it hlyeo98.
What a bargain to be had!!!
I am gonna release some funds elsewhere and topup.

wilbs

Bought yesterday but woke up this morning...at 78p

Can anyone confirm the float price for this? I have in mind it was about 60p.
What are the chances of it going below this level?

The float price was 80p.

The recent share issue raised 30m pounds. With 45m shares in issue now that equates to 67p per share. So the market is not currently putting a high valuation on the work done and money spent to build the factory up until the fund raising.

How far are they behind with plant start up? and will they be importing most of the oil [ palm oil ] because of the space needed to grow enough rape seed in the UK.

Their last report said the plant was a month behind but production would still start on schedule, in September. I believe the plan always was to use imported palm oil, but there's a lot of flexibility in what they could use if rape prices became low enough to become viable, it could be used instead (or as well as). A lot depends on subsidy levels (and encouraging more environmentally-friendly fuel must be increasingly high on the political agenda).

This now seems seriously oversold. Buyers now coming back in so hopefully today is the turning point.

thanks for that tallsiii.
so below 67 would make it rather good value!

Not sure issue price is relevant anymore after what they have been through in terms of plant building and additional fund-raising. Stock is definitely out of favour big time and probably oversold, but the last time there was discussion of fundamentals here it seemed difficult for BFC to make any gross profit on its biodiesel - rather significant.

As to raw stock, they plan to use imported palm oil. However, interstingly enough in the long report from DOO on its annual results and fund-raising, in Bukino Faso DOO and BFC have entered into a JV. How long before BFC start using excess jatropha bean oil form DOO's ever-increasing plantations round the world (as I have suggested should happen previously).

In the same vein, how long before DOO's greater than expected production of rawstock justifies building one of BFC's refineries in China, India, S. Arfrica, S. Arabia, Madagasca, B/Faso, etc?

A merger between these two basically good companies could be wonderful to behold. Meanwhile, I am losing interest in BFC in favour of DOO's evidently much more assured management and development.

Wish I'd sold all my holding at the peak instead of just one third - (as my friend, Hindsight, claims to have done!)

sd