BIOFUELS CORP PLC - 500 Beiträge pro Seite

[BugsBunny76]

Hallo w:o-Gemeinde, da es meines Erachtens zu diesem Unternehmen noch kein Diskussionsforum gibt, ich aber denke, dass es das Unternehmen wert ist, eröffne ich hiermit meinen ersten thread

Homepage des Unternehmens http://www.biofuelscorp.com, ich empfehle die letzte Präsentation zur Jahresversammlung von Mitte Juli als Einstieg (Section "Investors")!

Vorab, die Info, das Unternehmen will zukünftig Biodiesel herstellen und vertreiben und größter Produkteur Europas werden. Ob das gelingt wird die Zukunft zeigen!

Auf eine fruchtbare Zsmarbeit

Folgende Meldung zu dem Unternehmen ging heute über den ticker und war Anlass für eine stärkere Kursbewegung nach oben.

Biofuels Corporation plc
“Biofuels” or “the Company”

Extraordinary General Meeting

At the Extraordinary General Meeting held today, Field Walton, Chairman, gave the following update on progress:

“Since the announcement of full–year results on 14 July 2005, the Company has continued to make excellent progress in securing sales. To date, contracts, including one awarded in recent weeks and which is subject to certain regulatory and testing approvals, have been secured in respect of over 80% of start–up production.

“We are particularly pleased with this recent award, from a blue-chip utility and power generating company, since the power sector is a major potential new market. We believe that this is the first use of biodiesel by this sector in the UK, and that the power generating market could ultimately be at least as large as the transport sector.

“We also have additional strong interest of more than four times the balance remaining to match production, with a growing prospect list beyond.

“Construction of the Teesside plant, one of the largest in Europe, is virtually complete. Given the strong levels of demand from blue-chip customers, the Company is determined to minimise the risk of disruption from any potential technical start-up issues. To ensure this, the Company engaged an external commissioning company, Unasys*, to take on and implement commissioning of the plant.

“Unasys has recently recommended a more extensive commissioning programme than originally planned. The comprehensive recommendations have been accepted and the programme is underway with commissioning and production taking place in Q4 2005.

“The Board believes that the Company’s prospects remain strong. We have made excellent progress on sales, the plant is virtually complete, we have commenced an extensive commissioning programme and our lender is currently supportive with discussions regarding funding now underway.

“The Board also believes that the business is well positioned to take advantage of the ongoing level of high oil prices and support for renewable energy products.

“Against this background, the Company continues to see strong and growing demand for biodiesel, both in the UK and Continental European markets. The Company is particularly well placed to serve major energy companies, whether established or new to the biodiesel market, given its scale, operational flexibility and cost competitiveness.”

19 September 2005

Enquiries:
College Hill
020 7457 2020

Mark Garraway

Gareth David

*www.unasys.com

END

Quelle: http://www.londonstockexchange.com

[BrauchGeld]

Hallo

Ich beobachte auch seit einiger Zeit Biofuels bin auf diese aktie aufmerksam geworden als ich auf der suche nach Biotechaktien war.

Biofuels steht kurz davor eines der grössten Biodieselanlange Europas fertig zustellen.
Mit der Produktion soll schon ende september begonnen werden.

Ich warte immer noch auf eine günstige gelegenheit um einzusteigen ,falls Biofuels wieder in den bereich 130-140p fallen sollte schlage ich zu.

Marktcap:66,4mio pfund

Homepage:
http://www.biofuelscorp.com

Mehr Infos hier:
http://moneyextra.uk-wire.com/cgi-bin/index?search_type=3&wo…

Biofuels, which is in the advanced stages of completing one of Europe`s largest
biodiesel manufacturing plants, announces that completion of its first plant is
on track for full production by end-September. Sales contracts are now in place
for 64% of start-up production.

HIGHLIGHTS

• Full operation of Teesside plant on schedule for end September

• Further sales achieved

• Strong ongoing interest from leading refining and distribution
companies

• Initial feedstocks contracts now placed

• Financing in place with June cash of £13m and additional £22.5m
facilities available

• Significantly strengthened management team



Field Walton, Chairman, commented:

`The last few months have been a period of rapid development for Biofuels. The
new management team has ensured that we will operate the plant in line with our
schedule, has secured significant sales contracts, strengthened the finances and
brought forward consideration of further plant capacity. The demand for
biodiesel is increasing and Biofuels is establishing a clear lead from which to
exploit a rapidly growing market.`



14 July 2005

ENQUIRIES:


Biofuels Corporation plc 01642 371 600
Sean Sutcliffe, Chief Executive
Bob Green, Finance Director

College Hill 020 7457 2020
Mark Garraway
Gareth David



A presentation to analysts will take place this morning at 09.30 at the offices
of College Hill, 78 Cannon Street, London EC4N 6HH



CHAIRMAN`S STATEMENT



Overview

I am pleased to report that the company is making good progress towards plant
completion and the commencement of production on Teesside. The commissioning
programme is on track and, as previously reported, we expect to be fully
operational by the end of September, producing some 21,000 tonnes per month.

We have made good progress on securing sales. This is in line with our strategy
of flexible short-term sales, before moving towards term contracts once we
become established in the market place. With additional contracts signed, we
have now sold 64% of start-up production. We also have a strong list of `hot
leads` in respect of a further 25,000 tonnes per month, more than three times
the 7,500 tonnes per month remaining to match full production. Concurrently,
our initial feedstock supply requirements are also contracted.

With these arrangements in place, the company can soon begin to take advantage
of high ULSD prices, which we expect will remain at current levels for the
foreseeable future.

We believe the Group is now well positioned to take advantage of the significant
opportunities available to it in world markets.

Results

The year ended 31 March 2005 saw the Group float on the Alternative Investment
Market (AIM) and commence construction of its first plant on Teesside. The year
under review was therefore one of development and infrastructure deployment.
Hence, as expected during such a phase, the Group is reporting a pre-tax loss of
£10.0m. This included £4.6m incurred on reversing the initial three to four
months of the commodity hedge arrangements put in place in June 2004 and £2.5m
of other exceptional costs.

Board and Staff

During the year under review and to date, we have made a number of changes to
strengthen the Board and management team.

Sean Sutcliffe, formerly at BG Group, was appointed Chief Executive and Bob
Green, formerly Finance Director at Wilson Connolly, was appointed to the same
position at Biofuels. Richard Nickels joined the Group as Commercial Director in
place of Max de Grussa, who had previously resigned from the Board. John
Nicholas, one of the founders of the Group, stepped down as Chief Executive and
was appointed Business Development Director. Finally, John Charlton, the
former Finance Director, following completion of the handover period, has
resigned from the Board with effect from today.

Clare Spottiswoode and Geoff Brady joined the Board as non-executive directors
during the year, bringing a broad range of experience to our Boardroom.

I believe that we now have a strong team to drive the business forward and
ultimately create significant value for shareholders.

I am proud to have been involved with the development of Biofuels from its early
conception, through a successful flotation on AIM last year and the imminent
successful commercialisation and completion of the plant. Now that the Company
has reached this stage, I believe that this is the appropriate time for me to
hand over the reins and will retire as Chairman as soon as a suitable successor
is found. The Nomination Committee has commenced a search process with a view
to an orderly handover in the Autumn.

The total number of employees is now up to 40, including a full complement of
operational staff, who will soon begin to run the plant on a continuous shift
basis.

Outlook

The Company is close to achieving its immediate objectives of plant completion,
commencement of production and securing the final contracts to enable us to
reach full production status on schedule.

We have a first class management team and the capability to take advantage of
the opportunities that the biodiesel market presents, especially on the back of
record oil prices.

The past year was one of development and start-up. The current year will see
Biofuels coming of age as a fully-fledged operational business. We are
confident of future success and look forward to reporting on further progress.


FIELD WALTON
Chairman





CHIEF EXECUTIVE`S REVIEW

Plant Construction

Construction of the plant has rapidly gained momentum since the beginning of the
current calendar year. All the key components required for the biodiesel plant
to commence production are now on site and the requisite glycerine components
are due shortly. We are confident that the final cost will come in under the
£30m target set in January this year.

Commissioning is being handled jointly with experienced consultants working
alongside the designers Energea and our in-house operatives, who have been on
board since April. The Integrated Pollution Prevention and Control permit
(IPPC), the key authorisation which enables us to operate the plant, was granted
in June.

Sales and Feedstocks Contracts

We are successfully pursuing our commercial strategy of focussing initially on
flexible sales contracts, with a view to moving to a greater proportion of
fixed-term contracts during the rest of this year and into 2006. This approach
allows us to retain operational flexibility during the initial production period
and thereby secure a basis of trust, as we establish long-term relationships
with some of the world`s leading refining and distribution groups.

We now have contracts covering approximately two-thirds of start-up production
and are also particularly encouraged by the high level of additional interest
being shown. We are currently in advanced discussions with third parties
regarding over three times the remaining level of output required to reach full
production and have received expressions of interest from a range of other
potential customers.

The significant level of interest shown, which includes a mixture of UK and
European refining and distribution businesses, will continue to support future
production levels and expedite planning for a second plant.

Success in our sales effort has been underpinned by the recruitment of a strong
commercial team under Richard Nickels, improved product understanding and a
detailed insight into market needs.

We have completed contracts for our initial feedstocks requirements, again based
on implementing a flexible contracting strategy. These have been established
with blue-chip, market leading counterparties to supply us with rape, palm and
soya oils. The first shipment will arrive at the end of this month.

Financing

We have agreed with our bankers that our facilities should reflect the adjusted
business plan. Term loan repayments will now apply from June 2006 until June
2007. With cash in the bank at June of some £13m and additional facilities of
£22.5m, financing is in place for full operation.

Strategy and Summary

We have a clear and unambiguous three-point strategy to meet our objective of
becoming a leading European biodiesel producer.

• We will complete the first plant and forward sell its output on an
increasingly long-term contract basis.

• We will maintain a focus on efficiency in production to ensure that
growing volumes and margin improvement go hand in hand.

• We will plan and develop further plants as soon as practical.

It is increasingly clear that there are many growth opportunities open to the
Group. These include supplying markets where biodiesel is already established
as well as opening up new markets, both in transport and other sectors, where
Biofuels Corporation is strongly positioned to offer the required scale,
operational flexibility and cost advantages.

We have made a great deal of progress, especially during the last six months.
On completion of construction and commencement of production, we will be one of
the largest biofuels producers in Europe. However, the opportunity is much
bigger and we are very excited by the prospects over the coming years.


SEAN SUTCLIFFE
Chief Executive




FINANCE DIRECTOR`S REPORT

In the year to 31 March 2005, the group reported a loss of £10.0m, consisting
mainly of £7.1m of exceptional items. Of this exceptional sum, £4.6m was
incurred reversing the initial few months of the commodity hedge, which came
into effect from 1st April 2005 and will run for two years. The balance of £2.5m
related to flotation and finance raising fees and expenses.

At the year-end, borrowings stood at £4.0m. The placing and open offer,
completed on 11 April 2005, raised £30.6m, net of expenses, to be used to meet
the remaining capital costs of the project, pre-completion hedge costs and
further working capital.

The cash outflow in the year of £17.4m was mainly on plant construction,
financed by £13.4m of equity raised from the float and bank borrowings.

In June 2004, the Group entered into hedging arrangements based on the prices of
Ultra Low Sulphur Diesel (`ULSD`) at $260 per tonne and Malaysian Crude Palm Oil
(`CPO`) at $435 per tonne and production levels of 125,000 tonnes per annum.
The arrangement started on 1 April 2005 and runs until 31 March 2007. As
described above, the initial period of the hedge was reversed in January 2005,
at a cost of £4.6m, reflecting higher ULSD prices and lower CPO prices from the
hedge base levels. At current prices, it is likely that the Group will continue
to bear high costs on the hedge until it expires. However, the Group will
benefit from higher prices on its sales (which in the main reflect ULSD prices)
following completion of the plant.

[BugsBunny76]

@brauchgeld

Woher weiß man schon wann was günstig ist. Wenn das mit dem Produktionsstart klappen sollte ist das jetzt billig, wenn nicht, dann wird es sicher wieder deutlich runtergehen, meinst Du nicht?

Die paar Monate werden es zeigen!

[scamhunter]

Schön dass Du ein Board aufgemacht hast zu Biofuels Corp. !!!

"Erste Hand Infos" (die englischen User sind evtl. schneller an den News, vor allem den lokalen "Print News" als wir)
gibt es hier im englischen Motley Fools board zu BFC:

http://boards.fool.co.uk/Message.asp?mid=9523727&sort=postda…

[scamhunter]

250.000 tonnen p.a., dagegen ist EOP ein Getränkehandel

[schachfrucht]

Unter
http://www.advfn.com/p.php?pid=prodmatrix&cb=1127143316®=1&s…
kriegt man RT-Kurse zu BFC samt Daten, Charts und Fakten (Registrierung ist kostenlos).

Unter http://www.icompletedtheinternet.com/gallery/Biofuels3 findet man einige Fotos vom Produktionsfortschritt der Raffinerie, die aktueller (18.9.) sind als die auf der BFC-Homepage.

Unter http://uk.finance.yahoo.com/q/ta?s=BFC.L&t=6m&l=on&z=l&q=c&p… kann man einen aktuellen technischen Chart von BFC einsehen.

Letzte Meldung von heute (außerordentliche Hauptversammlung):

At the Extraordinary General Meeting held today, Field Walton, Chairman, gave
the following update on progress:

"Since the announcement of full-year results on 14 July 2005, the Company has
continued to make excellent progress in securing sales. To date, contracts,
including one awarded in recent weeks and which is subject to certain regulatory
and testing approvals, have been secured in respect of over 80% of start-up
production.

"We are particularly pleased with this recent award, from a blue-chip utility
and power generating company, since the power sector is a major potential new
market. We believe that this is the first use of biodiesel by this sector in
the UK, and that the power generating market could ultimately be at least as
large as the transport sector.

"We also have additional strong interest of more than four times the balance
remaining to match production, with a growing prospect list beyond.

"Construction of the Teesside plant, one of the largest in Europe, is virtually
complete. Given the strong levels of demand from blue-chip customers, the
Company is determined to minimise the risk of disruption from any potential
technical start-up issues. To ensure this, the Company engaged an external
commissioning company, Unasys*, to take on and implement commissioning of the
plant.

"Unasys has recently recommended a more extensive commissioning programme than
originally planned. The comprehensive recommendations have been accepted and
the programme is underway with commissioning and production taking place in Q4
2005.

"The Board believes that the Company`s prospects remain strong. We have made
excellent progress on sales, the plant is virtually complete, we have commenced
an extensive commissioning programme and our lender is currently supportive with
discussions regarding funding now underway.

"The Board also believes that the business is well positioned to take advantage
of the ongoing level of high oil prices and support for renewable energy
products.

"Against this background, the Company continues to see strong and growing demand
for biodiesel, both in the UK and Continental European markets. The Company is
particularly well placed to serve major energy companies, whether established or
new to the biodiesel market, given its scale, operational flexibility and cost
competitiveness."

[Art Bechstein]

also ich bin skeptisch bei Biofuels. Die haben immense HedgingKosten in den nächsten 2 Jahren, weil sie wirklich alles absichern (Grundsoff, Währung, Zinsen). In 2005/06 muß man mit mindestens 16 Mio. Pfund Hedging Verlust rechnen, wodurch der operative Plangewinn auf 14 Mio GBP sinken wird. Nach Abschreibung und Finanzkosten rechne ich mit max. 5 Mio. GBP net profit - wenn alles glatt geht, womit eigentlich nicht zu rechnen ist (am Anfang gibt es immer Probleme mit der Veresterung und die Anlage muß mehrmals hochgefahren werden).

Leider ziemlich dürftige Nachrichtenlage; nach anlauf der Anlage sollen mehrere Jahresproduktionen vorverkauft werden ,um neue Biodieselwerke zu finanzieren, d.h. es werden suboptimale Umsätze erzielt und vom Einkauf drücken hohe Hedgingkosten auf die Margen - das kann arg nach hinten losgehen.

Ist IMO kein Kauf ! EOP trotz höherer Margen aber bestimmt auch nicht - vielleicht so bei 6 Euro

Art

[scamhunter]

Die News von gestern ist auch eher eine positiv verpackte Umschreibung, dass es noch was dauert ..., aber da wurde schlimmeres erwartet. Aber der Markt nimmt es inzw. auch so auf: -5% heute.

[BugsBunny76]

@scamhunter
Sehe ich auch so. Eigentlich sollte ja Ende September wohl SOP sein.

Jetzt heißt es in der Meldung Q4 2005, was weit gefasst ist. Sollte das Vorhaben in diesem Jahr noch gelingen denke ich ist es i.O., wobei die Verbindlichkeien bei Nichtproduktion natürlich nicht weniger werden

Investment zur Zeit ist halt noch mit vielen Unwägsamkeiten verbunden!

[scamhunter]

@BB,

das heisst lauern und auf tiefere Kurse warten, kann durchaus nochmal 30% fallen.

[grollbart123]

hallo

testlauf der anlage soll erst im dezember sein, doch nach meinung einer bestimmten personnengruppe (anlagenprogrammierer sind aus wien ) wird der testlauf erst feb 2006 sein.

man munkelt bereits, dass eine 2 anlage in planung ist (wobei wieder österreichische firmen mitmischen werden).

ich bin bereits investiert und werde noch nachlegen.

lg

[SidL]

http://www.heise.de/newsticker/meldung/65969

Zucker für Biodiesel

Japanische Forscher haben einen Katalysator entwickelt, mit dem der aufwendige Produktionsprozess von Biodiesel sehr viel günstiger und umweltfreundlicher ablaufen könnte. Michikazu Hara und seine Kollegen vom Tokio Institute of Technology beschreiben ihre Arbeit in der aktuellen Ausgabe der Fachzeitschrift Nature (Biodiesel made with sugar catalyst, Nature, Vol. 438, S. 178).
Anzeige

Die Wissenschaftler ließen Zucker- und Zellulosemoleküle bei rund 300 Grad Celsius zu einem engmaschigen Gitter aus Kohlenwasserstoffen vernetzen (Pyrolyse). Dieses Trägermaterial behandelten sie für mehrere Stunden bei etwa 150 Grad mit konzentrierter Schwefelsäure. Dabei entsteht ein schwarzes Pulver, das als fester, unlöslicher Katalysator die Fettsäuren des Öles bei 80 Grad Celsius mit einer vergleichbar hohen Ausbeute wie flüssige Schwefelsäure verestert. Der fertige Treibstoff lässt sich jedoch deutlich leichter vom festen Katalysator trennen als die bislang verwendete Schwefelsäure. Da die Ausgangsprodukte für den festen Katalysator aus Ernteabfällen gewonnen werden können und die Reinigung des Endprodukts leichter ist, lockt hier ein günstigeres Produktionsverfahren für Biodiesel.

[BugsBunny76]

Ein Auf und Ab der Gefühle mit einem bösen Ende?

Am 10.11.2005 noch die Meldung, dass ab 2010 mindestens 5 % des Treibstoffes aus erneuerbaren Energien stammen muss und am 17.11.2005 Kursaussetzung mit einer ungewissen Zukunft (?). Wenn man sich die Bilanzen anschaute war meines Erachtens zwar klar, dass das Geld ausgehen würde, allerdings hätte ich schon erwartet, dass zumindest das 1. Werk zum Laufen kommt bzw. die weitere Finanzierung bereits abgesichert ist! Offensichtlich Fehleinschätzung!

Wie seht Ihr die aktuelle Situation, Abzocke, Mismanagement oder normale Entwicklung?

Anbei die dazugehörigen Meldungen:

11. November

UK Government Proposals on Biofuels
Biofuels Corporation (“Biofuels”), which is in the final stages of commissioning the UK’s largest biofuels plant in Teeside, welcomes the announcement this morning by the Secretary of State for Transport, Alistair Darling, requiring 5% of all UK fuel sold on UK forecourts to come from a renewable source by 2010.

The move - known as a Renewable Transport Fuels Obligation (“RTFO”) - was announced at the Environmentally Friendly Vehicles Conference in Birmingham, where representatives from international Governments and industry met to discuss ways to promote greener vehicles.

Sean Sutcliffe, Chief Executive, of Biofuels said:

“The announcement this morning underlines the vital role biofuels will play in reducing carbon dioxide emissions and tackling the issue of climate change. Biofuels Corporation looks forward to contributing to the one million tonne reduction of Carbon Dioxode achievable at the 5% level.

“We believe the target could be much higher and will work with the Government on determining future target levels and on efficient RTFO implementation, to help ensure that it stimulates further investments in biofuels in the UK.”

---------------------------------------------------------

17. November

Temporary suspension of shares

Biofuels announces that dealings in its shares have been temporarily suspended at the Company’s request pending the conclusion of discussions with its bankers and equity providers regarding its ongoing funding requirements.

The future viability of the company is dependent on the successful conclusion of these discussions.

A further announcement will be made as soon as practicable.

[schachfrucht]

@Bugs Bunny
Vergiß die Aktie fundamental...
Bei mir entwickelte sich in den letzten Wochen, seitdem ich diesen Wert beobachtet hatte, ein schlechtes Bauchgefühl...
Fotos von halbfertigen Anlagen, offizielle Meldungen, die nur indirekt etwas mit Biofuels zu tun hatten (Ausmalung einer rosigen Zukunft, ohne Butter bei de Fische zu bringen...) und kürzlich - am 10.11. - die Meldung einer Ankündigung des Verkehrsministers, die ja noch nicht einmal Gesetz geworden ist...
Und just 6 Tage später folgte die Ankündigung, daß man wohl Insolvenz anmelden müsse, wenn sich keine Bankgarantien auftun...
Die Wahrscheinlichkeit, daß Biofuels - aus welchen Gründen auch immer - falsch kalkuliert hat und der Öffentlichkeit (zu) lange den Fortgang ihrer Geschäfte verschwiegen hat, ist extrem hoch. Das Anlegervertrauen ist verspielt und Biofuels wird wohl zum Spielball der Zocker werden.

[BugsBunny76]

@schachfrucht

Das ist auch mein Gefühl gewesen. Hatte mir (leider) eine erste Position bereits zugelegt und war einige Male kurz davor sie loszuwerden.

Halbfertige Anlagen, Verschiebung Produktionsstart, keine Meldungen bzgl. Baufortschritt, aber leider behalten, obwohl die Warnzeichen deutlich waren!

Ich hoffe ja, dass noch was übrig bleibt, aber objektiv gesehen sehr schwierig bzw. unwahrscheinlich!

Der Strohhalm: Es steht tatsächlich etwas greifbares (außer das sind Attrappen bzw. Modelle in 1:100), Morgan Stanley Securities Limited hat Anteile immer weiter aufgestockt (wer ist das eigentlich?), eigentlich sollte es im Interesse "aller" sein, zumindest das erste Werk zu komplettieren!

Vielleicht aber auch nicht

[schachfrucht]

Biofuels:
02 December 2005: "The Board can confirm that it has reached agreement with its lender, subject to shareholder approval, on new conditional on-demand debt facilities. These facilities are to provide sufficient funding both to see the plant through to full-scale production and enable the Company to eliminate the hedging agreement in place with Barclays"

"Once the wet commissioning stage is complete the production of biodiesel will
commence. It is expected that biodiesel production will now commence in
February 2006. Biodiesel production by this date depends to a significant
degree on Energea meeting its revised completion targets. The Board expects
that the glycerine refining module will be operational within two months of
biodiesel production commencing."

"Further sales contracts have been concluded since 19 September 2005 covering
periods from March to December 2006. Contracted sales cover for the period 1
March 2006 to 31 December 2006 now stands at 90,000 tonnes (excluding Petroplus` volumes), which represents 43% of full capacity for that period. Start-up
production is contracted at 36% of monthly capacity reflecting the exclusion of
Petroplus volumes and the profile of contracted customers. Based on the
opportunities that the Company is pursuing, the Board is confident that the
Company will conclude further sales in the short to medium term."

The Gaurdian:
Biofuels Corporation returned to Aim yesterday (02/12/05) from a self-imposed two-week suspension after clinching a make-or-break deal with its bankers - and found itself the subject of bid speculation. It shares fell at first from 145.5p to 81.5p before recovering to 101p on rumours of a rival plotting an imminent approach. The deal with its bankers involves a £71m package to bring its biodiesel plant in Teesside on stream. Production at the plant was due to start late this year but has been put back until February because of construction delays. Biofuels, which raised £30m in March, said the £71m included £13m to complete and commission the plant; £11.7m in extra working capital, plus £8.5m in fees payable to Barclays. It is also being provided with up to £37.9m to cover banking facilities."