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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Renova | LSE:RVA | London | Ordinary Share | GB00B08X3H85 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 2.75 | 0.00 | 01:00:00 |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 2.75 | GBX |
Renova Energy (RVA) Share Charts1 Year Renova Energy Chart |
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1 Month Renova Energy Chart |
Intraday Renova Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/8/2010 | 16:45 | RVA Charts | 9 |
| 22/6/2008 | 02:34 | Ethanol - tomorrows fuel here today -it's coming your way | 1,044 |
| 13/9/2006 | 19:53 | rva anpther new3 one | 337 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 16/5/2008 11:48 by crystalclear If you can grow fuel for less than it costs to pump it out of the ground or dig it up it makes perfect sense. But at $6 per bushel of corn and 3 gallons per bushel ethanol production yield, the cost of corn is $2 per gallon of ethanol made. $2 * 42 gallons per barrel makes $84 per barrel of ethanol spent just on corn. Since ethanol has about half the energy content of petrol that makes the corn cost around $168 per barrel of oil equivalent. Then add on the cost of coal to heat the distillery. At the moment about 1/5 of US corn is used to make ethanol, but what is going to happen to the price of corn with Bush's plans to increase ethanol production 5 fold? |
Posted at 14/5/2008 02:43 by bungee If you can grow fuel for less than it costs to pump it out of the ground or dig it up it makes perfect sense. Just means the price of food will go up in line with the price of oil. |
Posted at 13/5/2008 07:28 by motoben so the non exec directors whose job it is to oversee what the main directors are doing with the company have jumped ship and rva still haven't got the finiancing sorted, looks like chapter 11 bankruptcy may be coming soon |
Posted at 08/4/2008 11:30 by crystalclear Last week Renova, an AIM-listed ethanol manufacturer, confirmed that it was struggling to secure finance for a 21 million-gallon plant in Idaho, and last month Pacific Ethanol, a Californian producer, disclosed big quarterly losses, cost overruns and bank loan defaults as the cost of corn hit its margins. "Financial markets have been spooked [by the present price of corn]," Christopher Thomas, the chairman of Renova, said. "Two years ago the cost of corn was $2 a bushel; now it has reached $6. As the feedstock goes up, your margin is squeezed." |
Posted at 03/4/2008 09:13 by seanmiller lol - bouncing back. level 2 is 3v1 for anyone who cares, pehaps I should get back to doing some work lol price 5.0-5.5p |
Posted at 30/1/2008 12:32 by motoben Boom or bust?Will M.V. ethanol gold rush pan out? By Matt Christensen Times-News writer What was once hyped as a regional ethanol boom could be headed for bust. After much fanfare about a regional piece of the ethanol pie, the industry is struggling to get off the ground in southern Idaho. Crop experts are downplaying the significance of a corn surge on the valley's ag sector. Politicians are asking questions about the industry's effects on trade and the environment. Local contractors have walked off the job site at one of the plants near Heyburn, where construction has halted. The future seemed much brighter just a year ago, when plans for two Cassia County ethanol plants were announced by Renova Energy, a London-based company with offices in Boise, and Pacific Ethanol, a California business. The facilities would be the state's first commercial fuel-grade ethanol facilities, and company officials lauded the economic surge that would come from 70 new jobs. They touted the environmental benefits of 70 million gallons of environmentally friendly fuel that could be produced at the plants each year. Agriculture specialists were excited about diversifying the southern Idaho ag market to include more corn, which is not a traditionally popular southern Idaho crop. Kernels to cash Ethanol producers prefer corn, which is a cheaper source for ethanol than potatoes or barley. As a result, corn is being grown in record numbers in states not known for their corn production. In 2007, U.S. farmers planted the most corn in a season since 1944, up 12 percent from just the year before, according to the U.S. Department of Agriculture. In Idaho, farmers planted more corn than ever: an estimated 300,000 acres - almost 100,000 acres more than just four years ago. But much of that Idaho corn won't reach an ethanol plant: It winds up in the stomachs of cows. Ethanol production from Idaho-raised corn may simply not be economical, because livestock producers are willing to pay more for corn than ethanol plants can afford. In Iowa, a state that leads the nation in corn and ethanol production, corn sold last year for about $3.15 a bushel. In Idaho, corn cost 60 cents more, at $3.75 a bushel. Corn prices in both states have increased significantly in the past two years, but nowhere near the economic growth seen in Idaho's dairy industry. In just one year, dairy industry revenue nearly doubled, from $1.28 billion in 2006 to just over $2 billion in 2007, according to University of Idaho economists. "The guys in the livestock industry are going to pay what they're going to pay," said Steve Hines, a crop specialist with the University of Idaho, who recently finished a report on biofuels in the Magic Valley. "There are just not a lot of incentives for farmers to change what they're doing now." Traditional Magic Valley crops such as wheat and barley are selling for near record prices, which also keeps farmers from switching to corn that could support the ethanol plants, he said. Corn is also a water-intense crop, Hines said, which isn't attractive to farmers who are struggling through a drought and water crisis or have money invested in equipment for other crops. Hines predicts the Magic Valley ethanol plants will have to import most of their corn from Midwestern states, where, despite record harvests, farmers are struggling to produce enough corn to meet ethanol plants' demands. Ethanol company officials say they'll import most of their corn at first but that local farmers could sell to the plants once they're up and running. Hines isn't so sure. "As more ethanol plants come on line, I don't think we'll be able to grow enough corn to meet their needs," Hines said. The ethanol explosion There were just 50 ethanol plants in 17 states in 1999, according to the Renewable Fuels Association, a biofuels advocacy group. Eight years later, 134 plants are scattered across 26 states, with 77 more facilities under expansion or construction, including the two in southern Idaho. Much of the growth can be credited to heavy government subsidies for ethanol producers, which are expected to be extended in the farm bill currently before Congress, and to oil companies' willingness to form long-term deals with ethanol producers. In fact, most ethanol sold in the U.S. is through long-term, fixed price contracts with oil companies, according to the ethanol industry's trade association. The means the price an oil company pays for ethanol doesn't fluctuate, even when the market does. Some contracts are tied to a gasoline benchmark, so that when gas prices fluctuate, the oil company pays. The smallest amount of contracts is sold on the "spot" market. Last week, ethanol was selling for about $2.35 a gallon. Producing ethanol from corn costs between $1 and $2 per gallon, depending on who you ask. The potential for profits has increased competition in the market, which has hurt some companies, including Pacific and Renova. In the past year, stocks in both companies have plummeted. Pacific halted construction of an ethanol plant in December near Calipatria, Calif. Renova recently stopped trading its stock on the London stock exchange for three weeks, prompting local contractors to walk off the job site near Heyburn. The company resumed trading this month, but workers haven't returned. "I'm worried I won't get paid," said John Kloepfer, part-owner of a paving company that was working on the plant. Renova owes his business almost $250,000 and as much as $1 million to other contractors. Kloepfer said the hit to local contractors and the regional economy could be tremendous should the plans collapse. But even if the plans are successful, some worry the ethanol plants will harm existing local businesses, such as the Scoular Co., which sells distillers grain, a byproduct from ethanol production that producers feed to livestock. An earful for dairies Nearly every dairy in the area feeds distillers grains, much of it bought from Scoular, said Todd Strayer, a business manager in the company's Jerome office. Ranchers and dairymen are in an unusual position in the ethanol picture: They're forced to pay higher prices for corn, a staple for their livestock, but they're paying less for distillers grain, which has become more popular as a feed supplement. Both Renova and Pacific have said they'll sell distillers grain to livestock producers in the area. Globally, it's not just dairymen feeling the pinch. Speculative demand for corn has driven prices so high, countries dependent on U.S. imports can't afford to feed their poorest residents. In Mexico, for example, tortilla prices tripled and prompted President Felipe Calderon to cap tortilla prices last January at 77 cents per kilogram - about half their peak value. Tens of thousands of protestors marched in Mexico City in February when the cap was largely ignored. At the time, Mexico's Economy Minister Eduardo Sojo blamed ethanol, saying food corn supplies had dwindled. U.S. politicians are still trying to sort out the repercussions of the ethanol boom. U.S. Rep. Mike Simpson, R-Idaho, is one of them. An ethanol advocate, Simpson said he's now concerned with the effects of ethanol on trade, including the so-called Mexican tortilla riots, and the environmental consequences of ethanol. Some environmentalists have blamed the ethanol industry for a large "dead zone" at the mouth of the Mississippi River, where scientists suspect nitrogen fertilizer runoff from increased corn production is killing aquatic life. A federal report released in the fall warns that increased nitrogen application could threaten groundwater quality. The Idaho Department of Environmental Quality lists the Magic Valley as a high priority area for current groundwater pollution due to nitrogen that could be from fertilizer runoff. Ethanol supporters say more corn takes greenhouse gases out of the atmosphere, but skeptics say the fuel it takes to grow and ship more corn negates the deductions. It depends on how you do the math, Simpson said. Despite these concerns, Simpson still sees a bright future for ethanol in Idaho. "I've been a supporter of ethanol, and I think it should be used more widely," he said. "And Idaho could be a center of production for it." Neil Koehler, Pacific's president and CEO, agrees. His company's plant is scheduled to be finished before the end of summer, and workers for the plant have already been hired. He's not concerned Renova's problems are an indication of a limping industry. "We're still really excited about ethanol in Idaho," he said. "We're on the final lap of finishing the plant, and we're still going strong." That remains to be seen for the industry at large, here in the Magic Valley. Renova needs to renew investor interest in the Heyburn plant. Company officials have indicated, through the company's Web site, they would tour the plant site with investors this month. Calls to the company's Boise office were not returned for this story. In the meantime, Magic Valley contractors, businessmen and farmers will wait, hoping to find the gold at the end of the ethanol rainbow before it collapses. Matt Christensen may be reached at 735-3243 or at matt.christensen@lee |
Posted at 07/1/2008 12:43 by jimarilo Blimey, down we go again ;-(Torrington still going strong due to up turn in ethanol price Renova's underlying production and marketing business remains sound. Renova's operating plant at Torrington, Wyoming, continues to generate positive cashflow. As previously reported, for the six month period to 30 September 2007, the plant produced 3.4 MMgal. The programme to increase production capacity at the Torrington plant to in excess of 10 MMgal/yr is still ongoing and is scheduled for completion in March 2008. The distribution business continues to successfully grow with 6.0 MMgal being distributed through its 14 terminals during the same six month period to 30 September 2007 with an average realised ethanol price of US$2.37 per gallon. Overall, the US operations generated US$1.9 million in cash during this period. Sales for the three months ended 31 December 2007 amounted to 3.5 MMgal of ethanol at an average realised price of $2.10/gal compared to 3.1 MMgal at $1.94 /gal for the same period last year. After a decline in ethanol prices in the last quarter of 2007, prices have strengthened recently with Renova's posted terminal prices now in the range of $2.25 - $2.45/gal. However looks like a placing to cover short fall if we can get anyone interested Very much up hill from here, but do able imo |
Posted at 22/11/2007 09:41 by asp1 30% E and no drop in performance! - read on:Ethanol is healthy competition for crude oil By Lura Roti, Reporter Wednesday, November 21, 2007 9:54 AM CST Ron Lamberty, vice president and market development director for the American Coalition for Ethanol, Sioux Falls, S.D., shows his support by fueling up with E-85. Lamberty says a reason fuel prices are increasing is because oil companies have purchased all the ethanol they are required to for 2007. Photo courtesy of American Coalition for Ethanol As the crude oil price surpassed $95 this month, drivers might wonder if there is anyway to control prices at the pump. Dan Appel says the answer is ethanol. "Anything that helps increase supply has to help the price," said Appel, owner/operator of Appel Oil and Appel's Quick Stop in Redfield, S.D. "It's all supply and demand. If you increase the whole supply situation then you'll decrease the price." Working to control increasing fuel costs, Appel put in a blender pump June 1. The blender pump allows customers to put 10 percent, 20 percent, 30 percent ethanol or E-85 in their vehicles - saving from 10 cents to $1 a gallon. "We get a 51-cent tax incentive from the federal government for every gallon of ethanol that we buy," Appel said. "We sell mostly 30 percent ethanol in vehicles that are not E-85 compatible because that is a 30-cent savings per gallon." Along with a 30-cent savings, those that use a 30-percent ethanol blend in their vehicles experience an unexpected savings - no decrease in mileage. "It's like a magic formula," Appel said. "We didn't think this would be true, but everyone that uses the 30 percent ethanol claims they don't get a mileage decrease. We use it in our own vehicles and we receive the same gas mileage with 30 percent ethanol as no-lead." Appel has worked in the fuel industry his entire life. His dad opened Appel Oil in 1951. Appel says that they are able to put in blender pumps because they are an independent fuel station. He says even though customers can save a lot more with higher ethanol blends, big oil companies are not too excited to see customers drive away with less gasoline. "Major oil companies don't like the blender pump idea, so a lot of brands are not allowed to have a blender pump, even though it frees up tankage so it saves the station owner money," Appel said. "The blender pump saves us between $30,000 to $40,000 because we don't have to put in more tanks for the different blends." Ron Lamberty, vice president and market development director for American Coalition for Ethanol (ACE), indicates that competition is the reason big oil companies do not support increased ethanol usage. "The product we sell competes directly with the people that sell our product - gas stations sell gasoline and oil companies sell gasoline," Lamberty said. "In some respects it is understandable that they do what they do because it is their job to sell more gas." According to Lamberty, oil companies are required by the Federal Renewable Fuels Standard to purchase what adds up to 4.6 billion gallons of ethanol each year and they are not too happy about this. "You hear oil companies say that we need to let the market decide. They are not letting the market decide. If you look at strictly economics, they would be buying ethanol instead of gasoline," Lamberty said. "Basically all product is fighting for the same market. By importing more gasoline they are able to drive the price of ethanol down even further." According to Lamberty, even when corn markets are at their peak, ethanol is still less expensive than crude oil. "At $3.50 a bushel for corn, it is only $1.25 for the raw material that is needed to make a gallon of ethanol," Lamberty said. Lamberty says the reason fuel prices are increasing now and ethanol prices are falling, is because the oil companies have purchased all the ethanol they are required to for the year. That is why ACE and other organizations are lobbying to increase the number of gallons of ethanol oil companies are required to purchase each year. "We lost about 75 cents a gallon this year compared to last. Ethanol is nearly a dollar less per gallon than gasoline on the wholesale market," said Bill Paulsen, president of South Dakota Ethanol Producers and vice president of operations of Advanced BioEnergy, a company that operates ethanol plants in Aberdeen and Huron, S.D. Lisa Richardson, executive director of the South Dakota Corn Growers Association says ethanol's increased market share is fueling myths and negative press. "Negative press that ethanol is getting is simply coming from our friends in the oil industry," Richardson said. "We are getting ready to pass a 36 billion gallon Renewable Fuels Standard. They never thought we would get to 10 percent of the fuel market and if this passes, we will surpass that in the biofuels industry. This is an all out effort by big oil to prevent this from happening." Whether or not the Renewable Fuels Standard will increase is to be determined. This legislation will possibly be a part of the new farm bill which is currently being debated in the Senate. To keep up with ethanol legislation and the farm bill, go online to |
Posted at 02/10/2007 22:52 by dasv as I thought. Just sentiment about the sector dragging RVA's share price down. If margins are better than two years ago, and RVA is as fiscally tightly run as it's said to be, then we should see a real turnaround in the share price in 2008 at the latest. |
Posted at 28/9/2007 18:00 by j5ack5k I emailed Chris Thomas about a week ago with this question (rest of q&a on RVA iii thread): What in your view, is the reason for the decline in share price over the last month, and do you still intend to buy back shares as hinted at in previous communications? and he said this: "It is difficult to pinpoint exactly why the share price has fallen recently. The initial fall back in April 2007 was due to one of our largest institutional shareholders selling their entire holding (at a significant discount to the share price at the time). The price, of course, immediately came back to this price. Since then the share price has continued on a downward trend on very low volumes. There is, it has to be said, a fair amount of negative opinion doing the rounds at the moment about the bio-fuel industry in general and, in particular, its impact on food prices through higher corn/wheat prices and this must be having an impact on market perception and, therefore, our share price. Higher corn prices have reduced ethanol production margins compared to 2006, but this has to be kept in context our production margins now are still higher than they were two, five or ten years ago. On the issue of share buy-backs it is something that we are still considering even though it would be unusual for a company of our size to do so" So nothing definite really... |
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