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/

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

am on a similar wavelength of thinking stockdog.....

as DOO has the plantations, but does not seem to have enough refineries (those little things - albeit portable; compared to BFC's massive one) - although i think that they have stated that their plantations are also for the sale of the jatropha seeds...

if BFC was to use DOO's jatropha then it would simply be a matter of whether BFC could make enough after paying a "competitor" for it's fuel supply; and whether DOO would make enough out of selling some of it's jatropha (rather then processing it themselves) to a competitor....

the rape seed oil is too expensive, and even with massive tax concessions is still up there in terms of cost; i read in an 'australian renewable fuels' prospectus that palm oil was not good for colder climates (??) = european winters ??......and DOO seems to be pushing it's jatropha all over the world, leading one to think that it has already been well and truly tested.....

would make a lot of sense and perhaps even create a medium term biodiesel monopoly if the 2 teamed up firmly; such as DOO buying a sizable chunk of BFC, and perhaps having BFC to build another one or two massive refineries (such as the one in UK) in Europe, and then BFC supply europe with biodiesel made from DOO's jatropha.......whilst DOO continues placing it's smaller portable refineries in countries of smaller population etcetc.....

although tis just my imagination wandering - stranger things have happened.....

belisce6 - maybe we should just do the obvious and write to them - "from where we're sitting it looks like you should merge - have you thought about it?"

I think I'll do just that - at worst they can treat me like some sort of crank and politely ignore me.

sd

Looks like 67p did provide a bottom for the time being.

A director has bought 400,000 shares! He's obviously confident!

Let's hope we've bottomed on this one and they can hit their latest target for once by the next RNS.

sd

Can it go any further? How much?
You need 10% rise to start making any oprofit. 78-82= 4p loss

BTW - today I emailed Philip Wood at DOO and Sean Sutcliffe at BFC suggesting they consider a merger of their two companies.

I'll let you know the response.

sd

>>SD

Did you remember to tell them that you and me should be appointed directors of the new company on considerable salary + share options?

rgrds
gk

gallick

I just went for massive share options (at 0.1p a piece) after we have retired (like SEO offer) lol

sd

nice one dog-breath.....
bet there is soon going to be a rumor going round that BFC and DOO are in talks for some kind of deal.......hahaha.......(we all know how rumors based on unfounded allegations start)

belisce6 - the day you get close enough to smell my breath, I'll brush my teeth for you. Till then I'm just as happy to go by my chosen name which is stockdog if it's all the same to you.

Anyway, unfounded rumour be blowed - I am fully founded and it's no rumour, but a concrete suggestion that I truly believe would have immense value for us all.

sd

Looking good now. Glad I toped up earlier. 100p here we come.
wilbs