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/

Wilbs, do you know when full year resuts are out ? .

I have just called they jimmy and they are out 14th july.
wilbs

Cheers wilbs , im in ...

Nice one jimmy. Hopefully you will be rewarded soon.

Wilbs i just bought the company !

They wern't you 87 shares were they jimmy? That doesn't value the company at much!!!
Are you sure you have not been throwing you money down the toilet?

Starting to tick up now wilbs !

Its looking good but seen this before with BFC, it suddenly drops.

NUMIS BUY NOTE

Please see below for the Numis summary on their note today on BFC.


* Biofuels is in the final stage of constructing one of Europe> '> s
> largest
biodiesel refineries in northern England. When operational, the plant will convert raw vegetable oils into around 262,500 tonnes per annum of biodiesel, which is predominantly blended with mineral diesel to improve the latter> '> s environmental qualities.
> * Both UK and European governments see biofuels playing an integral
> role in
reducing CO2 levels and the dependence of the transport sector on fossil fuels.
Although Biofuels will depend on subsidies to survive in the near-term, we are confident that governments are working towards a long-term support structure for the industry.
> * Against this positive outlook, the company has performed poorly.
Construction delays, cost overruns and a flawed hedging arrangement triggered a sharp fall in the share price from 300p to 100p currently. In response, the management team has been strengthened, and the refinery is on track for full production from the end of Sept 2005.
> * There is considerable uncertainty over the near-term outlook. With
> just
three months to full production, only 30% of plant capacity has been sold, and there are fears that hedge payments and further construction delays could result in serious funding problems.
> * We believe that this negative backdrop is obscuring the underlying
opportunity, and are confident that management can sell the remaining output of the first plant. Our forecasts imply that one plant, at full output, can generate EPS of 43.7p, placing the company on a PER of 2.3x. A DCF analysis on one plant, with conservative assumptions, implies a target price of 180p and drives our Buy recommendation. However, we believe demand is likely to underpin the construction of a second plant, which would entail significant upgrades to forecasts and a re-rating of the shares.

Nice one marketmaker.
Pic updated at top.

That would be nice..

wouldn't the price target be heaps more @ 43.7p EPS ?????

wilbs i would have thought it would tick up this morning on the volume of buys,,any view ?

Not sure jimmy. The FTSE is up but my portfolio and watch lists are all very quiet today.

Same for me..

With 610K buys v 13.5K sells today, the only way is up!

Going well this morning,,are you still in wilbs ?

250 is coming IMO

LONDON (AFX) - Buyers again pursued Biofuels Corporation, 7-1/2 pence better at 120, amid talk that the company, which is building one of Europe's biggest biodiesel plants on Teeside, has found buyers for all of the plant's capacity.

More good news .