Biofuels Share Discussion Threads

[pierre oreilly] 24/7/2007 11:56

No Doc, I can assure you I am correct in what I posted - Barclays will purchase all outstanding shares after delisting (whether holders want to sell them or not is irrelevant, they will be compulsorily purchased, as is Barclays right under section 429 of the Companies Act).

(As an aside and something I have wondered for a while now - what are you a Doctor of? Phd, MB BS, d Phil, time travel or none of the above?)

[the_doctor] 24/7/2007 11:49

Thats not right Pierre
If you bought 1% now (£11k), you'd get 1%*0.05 of the delisted company.

That will then operate as Barclays see fit.

My thinking is that the company could potentially come good in a couple of years if oil prices carry on up.
So, say for example, that he company is worth (excl debt) £100m in two years.
Take off the £40m remaining debt (or is that £60m?) leaves £60m.

So, by they you'd have 0.05% of that company - worth £30k.

If they sold then for £60m, you'd get 3x your original investment.
But there are big IFs!

Furthermore, perhaps what you're getting at Pierre, is Barclays could sell the new private entity to whoever they like for whatever they like. So, they might be happy to sell for £1m in a year if that allows the buyer takes on the debt.

In that case, you'd be left with a big loss. Not worth it, surely!

[magpie59] 24/7/2007 11:48

Well its been an interesting 12 months watching this stock and finally making some money.
I told people last August, when the share price was 95p, it was bust, as did several others, but many more continued to believe in BFC, for reasons I still don't understand. I should have made a mint but failed to back my convictions with money, only finally making £30K in the last month or so. I'm not a serial shorter, having only ever shorted this and Eurotunnel and I have mixed feelings about the activity. Those that regard all shorting as an evil pursuit are I believe misguided. I agree that it is wrong to attack and undermine a potentially sound company and thwart their ability to raise capital and recover. But when you have blatant dead ducks like BFC and ETL, then shorting them is a legitimate pursuit in my view.
I've enjoyed my time on here, interesting jousting and debate, good humour and vitriol all seen at one time or the other. This though is my final BFC BB post. Good luck to all and I hope any who have lost (especially nfranks and Ricky Jackson)regain their money elsewhere.
It's been emotional!

[pierre oreilly] 24/7/2007 11:41

Nfranks, No it isn't a good time to buy - even if they do go onto wonderful things under Barclays control.

The reason is that when the dust has settled, Barclays will compulsorily buy up all the outstanding shares, as is their right, at a price dependent on the previous 10 trading days or something like that. You don't have the option of buying now and holding for a year or two.

[the_doctor] 24/7/2007 10:28

nfranks, I posted a while back.
Your money would be tied up until it came good and they sold it off - which could be 2years+

My guess is that they'd probably sell it as soon as the debts were covered by any rise in value. That would probably be before any 95% reduced holding had restored to its original value.

If it does, I think ther

[nfranks] 24/7/2007 10:16

Blimey!!!! 2.5p now, I paid £2.30 in the rights issue way back when and even bought some at £2.90 I think. "A fool and his money..." as they say.

Are these really not worth purchasing and gambling on the fact that Barclays will turn this company around and then flog it off. The market cap is £1.19m at the moment, it will be worth loads more than that if the margins come back on side and the UK RTFO actually works, say in a year or twos time. I know the current shareholders will only own 6% of the new restructured company but if the market cap does recover to be worth £60m when sold off it should give you a good turn.

Perhaps it's not just worth the gamble!!!!!!

[spawny100] 23/7/2007 17:44

BFC on radio 4 right now. "Things haven't gone very well........". Lol what an understatement. Sean being interviewed right now.

[delphiman] 23/7/2007 15:39

lol, I was thinking of putting it in this stock instead of my woman as i get no return AT ALL out of her lol. only the return to work and give her some more lol.

Cheers

[ecks] 22/7/2007 03:44

Delphiman I would spend the £500 on a woman - you will still lose the lot but you should at least get some return.

[the_doctor] 21/7/2007 13:40

Delphiman - after the delisting, you'll have no option but to remain in!

With the d4e, you'll be lucky to breakeven, but I think multiples of 2-4x could be had perhaps?

[paul e] 20/7/2007 17:34

Delphiman - I think you would be better sticking it in premium bonds or on the lottery.

As a minority shareholder BFC will have no say in BFCT's strategy, I strongly suggest you read the company's announcement wrt the D4E and subsequent delisting of BFC (if you haven't already) before buying....

[delphiman] 20/7/2007 17:25

thinking of getting here for the long haul like a few years, about £500 not much i know but potentially loads, was hoping to see 2p before i got in what do all you guys think on a technical level.

thanks in advance.

PS, its my belife that a bank would not take equity in a company and let it fail, on that grounds alone i'm interested let alone it being the largest possible producer of biofuel which has goverment incentives etc and is the future at the moment.

[ecks] 20/7/2007 15:17

Nice bounce today, could be 3p by the end of next week ;-)

[robinbastard] 20/7/2007 14:37

Thats why Michael Barrymore is such a good investor. He always enters at the bottom!

[5bag] 20/7/2007 13:40

Looking on the optimistic side, its a good opportunity to get in at the bottom
:0)

[pujababy] 20/7/2007 10:53

5bag,
maybe euthanasia ?

[5bag] 20/7/2007 10:42

Seeing a wounded animal in distress is a bad thing, when will this share finally DIE?

[paul_bennett] 18/7/2007 22:24

the_doctor

13k into 50k. Thats worse than a gamble

[losses] 18/7/2007 22:18

Bloody heck guys what happened here? I remember buying into these around £2.30 or was it £3.30 some years ago. Glad got out with some profits at the time. Hope you long termers get your money back.

[cheshiremoggie] 18/7/2007 18:07

So BFCT will owe the £60m. I suppose thats a little better. Not much though.

CM.

[paul e 2] 18/7/2007 15:48

Cm - no I don't think so, BFCT will take on the existing debt (except £40m) and the plant, BFC will simply own 6% of BFCT.

[cheshiremoggie] 18/7/2007 13:25

I thought the company that the shareholders will be invested in will still owe Barclays £60m (plus interest) so they'll have to pay that off first with the dividends on the 6% of the company they will own -- THEN they might make some money.

CM.

[the_doctor] 18/7/2007 12:10

Well, I guess if you bought 1% of the company now (£13k), that will become 0.05% of the new delisted company.

So, if it eventually comes good (& it will one day if oil prices keep rising), then if the company reaches value of £100m, then your share would become worth £50k.

So, there are now potentially good returns possible.
BUT, your cash would be tied up until they either sell up or you get it back via dividends. That could take a long old time.

Please comment if I have the maths wrong there.

[paul_bennett] 18/7/2007 12:00

"Paul_Bennett - 27 Jun'07 - 10:32 - 36971 of 36971 edit


Amazes me why anybody would want to buy in at 5p. "


Still amazes me that investors continue to buy. There is no future for the private investor and the shares are going to be delisted.