Share Name Share Symbol Market Type Share ISIN Share Description
Biofutures International LSE:BIP London Ordinary Share GB00B12B4T47 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.025p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 -0.9 -0.6 - 11.69

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DateSubject
18/3/2013
16:17
leedskier: apenny24. it all depends on your time horizon. Mine are in a SIPP, so I have patience with them. Now I had a lot of money invested over the last three years in three companies. This, EO. and NPE. All three have been taken over. All three at a premium to the price I paid. Now when I sold EO. (it was an all cash deal) I invested more money here (my average is 5p) and in NPE. When NPE was taken over, I invested the money in a number of other oil companies, believing in spreading risk in current market conditions. With the exception of three of them, all have fallen in price. Not because they are bad companies, but because that is the market we in. If you are going to sell because you think the share price will fall to 80p ... a fall of some 42%, clearly you will not be worried about taking a short term hit of 10%. The problem you have is where to invest it, assuming you wish to reinvest it.
18/3/2013
16:06
apenny24: my buy in price is 7.2p, its sitting below that as it has since opening, i am stuck, as i was hoping it would go above 7p and allow me to sell as BIP because i feel that when consolidated it will be shorted and the price i believe will stay under the RTO price for some time sitting i would guess at around 70/80p.... Long term i see value, but not short term, if you were in my position would you sell my BIP shares with a 10% loss and be in control of my buy in price after consolidation? or leave them be and hope the market are impressed with the new company and share price and take the 20/1 for shares... feel free to be honest, i just want your views. thanks.
12/3/2013
19:34
leedskier: apenny24, there could be movement, but in which direction, I am not sure. The only share price which is relevant is GRPH when it lists. Panmure has sold shares valuing the company at £163m i.e. £1.40 a share. We will not really know the market's value until trading in that share gets under way. I think those of us who have held long here through thick and thin will ignore the short term movements and focus on the long term.
10/3/2013
21:13
leedskier: 7p is £1.40. The only difference between the two is the share consolidation aka reverse share split of 1 for 20. No-one is saying that the share price will be 7p pre consolidation or 140p when the shares are consolidated. Those are the valuations used for certain purposes by the companies and brokers including the share placement to raise £32.5m. How the share is valued by the market at various stages of its life cycle we will learn.
10/3/2013
19:32
apenny24: Can i ask please... excuse naivety, when they re list tomorrow as BIP is true that i will be able to sell my shares as BIP shares until nearer the time when they are suspended again and then re-emerge under a different name? it is like 2 weeks or something until they are changed or not? sorry am a bit of a beginner in these matters tbh, if so would i be right i assuming that people may be very interested in my shares i.e the market makers wack up the share price in BIP to temp me to sell knowing the future better than i do... er let me know...clever people. cheers.
08/3/2013
20:33
madmick: My earlier post, wasnt a bad guess . "I think the thing to remember is that Platinum arn't reversing into BIP for nothing. They are doing it for an easy way to get onto the stock market. So why do they want to list on the stock market. Usually it is to raise cash for expansion. so in my opinion they will list, then as the share price rises they will issue more shares, hopefully to long term institutions. giving them the cash to expand to a level where they can deliver the production predictions they are stating. If they didn't need the funds to expand they would have stayed independent and kept all the profit in house. So I think we can expect some dilution of some sort, that would explain why the figures sound so good. After saying all that, it still sounds very exciting. all the best all for the new year. bring it on!!!"
13/12/2012
09:35
leedskier: I have five red lines in respect of this RTO. 1) BIP must acquire all of the Platinum Group's assets. There must be no little bits or any companies under the banner 'Platinum' left behind. 2) Any share options which the directors award themselves following the RTO, must be subject to the same lock-up period as the shares to be issued by BIP to the holders of Platinum shares. 3) The strike price on any performance options should be related to the performance of the company's balance sheet and not just the share price. The share price is easily massaged in what, given the lock-up, will be still a relatively illiquid share. 4) There must not be any further rights issues by BIP post the RTO ahead of the next AGM. In other words, the existing power to issue shares representing 20% of the shares currently in issue must be taken having been exercised by the shares to be issued for the purposes of the RTO. 5) The present CEO and Non Ex Chairman of BIP must continue to serve as directors post the RTO for a period of not less than 12 months.
10/12/2012
19:02
leedskier: Maybe BIP has a plantation owner with crushing mills lined up to buy the refinery. If it is sold at a fair price it would enable the enlarged BIP to focus on the activities of the Platinum Group. The sale of the refinery would reduce the dilution of BIP shares on the reverse take-over, as I suspect that the sale price, after paying off the difference between the sums borrowed from and lent to the bank, would double the share price of BIP. I should add that the only basis for this speculation is that BIP (ZUREX) is no longer shown on the PORAM full members list. edit: Since posting this, I have seen wellum's post below and it seems that the refinery is going to be the Eastern Malaysia operation.
04/12/2012
21:20
leedskier: Ok I have at last found a Rotterdam daily prices link which works and have placed it in the 3rd scroll box. http://www.brecorder.com/market-data/rates-a-schedules/570:/1264226:rotterdam-vegetable-oil-prices/?date= Today's prices in Rotterdam fob Malaysia. PALM OLEIN RBD: dollars tonne fob Malaysia December 2012 790.00 January 2013/March 2013 812.50 -5.00 April 2013/June 2013 847.50 +0.00 July 2013/September 2013 857.50 +0.00. PALM STEARIN: dollars tonne fob Malaysia December 2012 735.00 -5.00 January 2013 735.00 -15.00. PALM FATTY ACID DISTILLATE: dollars tonne fob Malaysia December 2012 635.00 -15.00. [NB no price quoted for 2013]. All prices in USD$. --- Assuming one could buy CPO locally delivered in Sabah at a (refinery)discounted price of RM2000 (US$657.24)-- produce from it RBD Palm Olein, Stearin and PFAD, and sell the lot on a Rotterdam FOB ex Malaysia forward contract dated January 2013, the profit on the RBD P Olein is +US$155.26 a tonne, on the Stearin (I have not got a clue as to the percentage by weight of Stearin produced refracting)+US$77.76 and on the PFAD -US$22.24 a tonne. Assuming for simplicity that the total volume by weight of Stearin is 5% and PFAD is 5%. On each tonne of CPO processed the seller would receive: US$731.25 for the Olein / US$36.75 for the Stearin / US$31.75 = US$799.75. The gross margin being US$142.51. Deduct 10% for averaging and the figure is US$128.25 or £79.67. At a further discounted net margin of just £65 a tonne, to reflect contingencies and unknowns, it would require a refinery utilisation rate of 18.5% - 20% to meet the likely running costs including corporate costs and the capital and interest repayments to the bank arising in 2013. Since the costs are front loaded an increase in utilisation may not significantly increase the costs. So that a utilisation rate of 30% next year would produce a net profit pre tax (non payable locally under the POIC start-up scheme) of the equivalent of 10% utilisation or 20,000 tonnes x £65 i.e. £1.3m. [each additional 10% utilisation adding a further £1.3m pre tax profit]. In these straightened times a PE of 10 would likely be the best to be hoped for without a dividend being declared giving a market cap of £13m or (rounded up) 8p a share. That share price gives nothing for the value of the refinery which in a time = money market, took two years to complete and commission (say conservatively £12m) as a going concern (the net borrowing on the CAPEX being £2.6m) or future growth as the refinery's utilisation rate catches-up with the national average refinery utilisation rate. Add in those two elements and the market cap could be £20m or 12p a share. Incidentally the palm oil refinery built in Liverpool on land leased for 25 years, some three years ago by NBPO, cost £18m to build. I should add that these are just my thoughts. It follows that no advice is intended. One particular area of unpredictability being the future price of CPO and fiscal regimes adopted/changed not only in Malaysia and Indonesia but by the countries who import. Needless to say as further information arises or the errors in assumptions or maths are pointed out, I may alter or remove this post. As will be noted I have attempted to further discount at every stage of the calculations.
11/11/2012
23:48
leedskier: As it (wisely) decided not to refine until the new and much anticipated fiscal regime was announced, albeit 12 months later than forecast by local commentators in H1/2011, the historic gross margin is irrelevant. The net debt has to be offset against the capital value of building the refinery, which on your assumption is bought and paid for. Added to which the Malaysian bank has extended facilities of a further £1.5m. The more interesting assumption is what will be the gross margin at the end of 2013. --- add: I assume bam bam rubble, if we followed your advice here and sold, you would not advise us to invest in a share which enters into SEDAR agreements --- Regency Mines - Diverse portfolio with potential for significant returns. - RGM BAM BAM Rubble - 07 Nov 2012 - 20:45:34 - 7777 of 7899 I expect we'll roll straight into another one seeing as only £0.1m was raised. Since mid-September only 7 trading days have not been under attack from a SEDA. Mon 17th Sep - Fri 28th Sep (SEDA £0.3m@0.883p) Mon 1st Oct - Fri 5th Oct (5 days off) Mon 8th Oct - Fri 19th Oct (SEDA £0.1m @0.831p) Mon 22nd Oct - Tue 23rd Oct (2 days off) Wed 24th Oct - Tue 6th Nov (SEDA £0.1m @0.898p) We can see how this affects the share price (bounce on 22nd-23rd then the retrace) Regency Mines - Diverse portfolio with potential for significant returns. - RGM BAM BAM Rubble - 01 Nov 2012 - 20:00:31 - 7588 of 7899 What a load of carp. The CEO's attempts to get an ex shareholder sacked in revenge for his asking questions, admittedly in an obsessive manner, all played out on online message boards, has left me unable to recall the investment case and somewhat embarrassed to be holding shares in what transpires is a shambles of an outfit. Management should concentrate on developing their assets rather than their egos. Having paid 0.88p it is a small crumb of comfort that I can still get out at breakeven. Regency Mines - Diverse portfolio with potential for significant returns. - RGM BAM BAM Rubble - 01 Nov 2012 - 14:11:39 - 7581 of 7899 The apology is unnecessary but doesn't sound particularly genuine anyway. It reads more like he's chomping at the bit to get one over this Carp fellow and believes he has a smoking gun to get him sacked. There are many attributes I look for in a CEO but vindictiveness is not one of them. This doesn't change matters however as I'd already lost faith in ABs ability to run a company effectively. Regardless I still believe he has the chutzpah to get the share price a bit higher by hook or by crook and provide us with a more profitable exit than the current price, therefore with some reluctance I shall continue to hold.
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