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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| D1 Oils | DOO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.825 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.825 | 1.825 |
| Top Posts |
|---|
Posted at 07/4/2011 23:46 by divinausa1 15:56 UK, 7th April 2011, by Agrimoney.comHigh-level jatropha trials send D1 shares soaring Siemens and two other European multinationals are trialling biofuels refined from jatropha oil, specialist D1 Oils said, in a move - billed a "vote of confidence" in the industry - which sent the group's shares soaring 50%. Siemens, the German conglomerate, is this week starting trials on behalf of an unnamed shipping company assessing the viability of jatropha-based biodiesel for powering turbines on a high-speed ferry. The trials come amid tests which D1 revealed were being undertaken by two other unnamed European multinationals one a consumer goods group using the biofuel to generate power, and another a specialty chemicals company assessing jatropha oil as a replacement for oil as a raw material. D1 said that success in the trials may lead to "offtake deals for large proportion of D1's planned harvest for next season and beyond". The group's shares, which hit an all-time low of 1.9p in the last session, rebounded to stand at 3.2p in afternoon trade in London, up 53% on the day. Broader significance However, the demand also represented a "vote of confidence" in the whole jatropha sector, after a series of setbacks, according to an industry insider. The 70 tonnes of fuel being used for the three trials was, in the context of the industry, a "relatively significant" amount. D1, tagged by broker Hardman the "doyen" of the sector, has estimated its output of crude jatropha oil at 1,200 tonnes in 2010-11. The source added: "The significance of these trials is largely in terms of the industry," opening up potential markets for the oil, which has yet to fulfil the hopes of investors who rushed to back jatropha towards the end of the last decade. Loss maker Indeed, only one of the five listed jatropha-focused businesses, Jatoil, is worth more now than when it was listed, research by Hardman showed. Mission NewEnergy, which is also traded in Sydney, has lost about one-quarter of its stockmarket value, while D1 has, even at Thursday's price, lost nearly 90%. However, the broker added that with both cases, investment in refineries rather than the oilseed itself had been the "primary cause of disappointment". And the prospects for returns from the oil and a meal byproduct, being research as an animal feed, "suggest that as an investment proposition, jatropha may have a better future than suggested by recent history". The plant, while not producing edible vegetable oil, is prized for its ability to grow on poor land not suitable for other crops. It is already being researched by carmakers including Daimler Chrysler and Toyota, and has been tested as an aviation fuel by Air New Zealand, Continental Airlines and Boeing. |
Posted at 11/2/2011 16:18 by solarno lopez John is a canny investor and will be looking at ways how best to develop his new investment. |
Posted at 14/10/2010 07:59 by mrs robinson Activist investor penalised by Takeover Panel sells 27.5% stake in D1 Oils that had tied hands of its managementSimon Bowers guardian.co.uk, Wednesday 13 October 2010 21.14 BST Article historyDisgraced activist investor Brian Myerson, who was severely penalised this summer for involvement in a secret shareholder concert party, has sold a blocking stake in struggling biofuels group D1 Oils, paving the way for a takeover. Principle Capital, a Myerson-controlled investment fund, has been sitting on a 27.5% stake in D1 for months, blocking efforts by the board to secure a future for the business. Filings released after the stock exchanged closed tonightshowed Principle had sold its entire interest to a vehicle called Harrier Capital earlier in the day. It is believed this new shareholder may be connected to a potential bidder for D1. The company, which specialises in making biofuel from the tropical oilseed-bearing Jatropha tree, had been in takeover discussions with at least two interested parties in the spring. One suitor - Mission NewEnergy - made an indicative share-based offer for the business, but it came to nothing when it became clear Myerson would block the deal. Myerson accused D1 management, then led by chief executive Ben Good, of presiding over "a catastrophic destruction of value". He has campaigned for D1 to be broken up and its cash returned to shareholders. In July, however, at an extraordinary shareholder meeting requisitioned by Myerson he called for the entire board to be sacked and replaced with his representatives but was roundly defeated. That left the future of the business in deadlock and cash reserves rapidly draining away. Yesterday's share sale by Myerson raises the prospect of a takeover deal re-emerging. It is not known how much Myerson received for relinquishing his interest in D1. However, one non-financial reward he appears to have secured was the removal of chief executive Good, who left D1 with immediate effect at the end of August. In July Myerson was publicly castigated by the Takeover Panel for his role in a unconnected power struggle last year at Principle Capital. He received a so-called "cold shoulder" order - the City equivalent of an Asbo - which is supposed to bar Myerson from takeover situations. Myerson and associates were said to have acted in concert, breaching the panel's takeover code, and to have later given explanations that were "co-ordinated, disingenuous and dishonest". |
Posted at 31/8/2010 08:53 by solarno lopez He is a major investor in resource stocks and I have never seen a case where he has bid for a company he only invests.....or do you know better |
Posted at 18/8/2010 07:46 by standtall Brian Myerson blocks D1 Oils takeover by Mission NewEnergy Controversial investor uses 27% stake to defy board Brian Myerson previously lobbied to sell off biofuels firm |
Posted at 19/7/2010 08:33 by solarno lopez Depends how they voted and whether they gave a proxy vote.Cold shoulder just makes it extremely difficult for him but does not stop him taking control of the Board. Shareholders have been cold shouldering Myerson for sometime and whilst his 27% is substantial I would expect shareholders to vote against him. Unless apathy has taken hold as is usual with private investors....... |
Posted at 29/6/2010 12:07 by solarno lopez RISKIER you are a long way off as are most investors in this stock with the price at 7p and no positive announcements ......... |
Posted at 16/6/2010 20:55 by celeritas Interesting post from kramch on Motley Fool.I have made a few calls and done some more research into Jatropha. A guy at Mission Bio-energy in Malaysia was quite helpful and jatrophabiodiesel.or As far as I can see; you plant c. 2500 trees per Ha, which by yr 6 are yielding 9.6 tonnes of seed \ ha. This makes (/3) 3.2 tonnes oil (+ residue fertilizer), which should sell for $4-500\tonne. Turning it into Bio-diesel seems a fairly simple process of cooking it with methanol and a catalyst (trans-esterificatio Economics; working on the low side & assuming 1.5 tonne seed \ Ha, 500 kg Jat oil \ Ha, bought in for refining at $600\tonne, total refining costs of $200 & a Selling Price of $900, gives a $100\ tonne profit (worst case). So I reckon each Ha is worth $50 pa in profit. D1 has 220,000 Ha = $11m pa. Apply a pe of only 5 = $55m or £38m. DOO's capitalisation is under £10m, & Mission NE are offering £16m, which seems a steal. Another way to look at it is; 220,000 Ha yields 110,000 tonnes of oil @ $900/tonne, = $100m, and costs look OK for a min 10% profit, so $10m pa or £7m, x pe 5 = £35m cap, or 27.5p. The problem is investors have got fed up waiting for the trees to mature, and D1 has become a financial football with Myerson etc. However Myerson has just withdrawn his no-confidence requisition and seems to be supporting the board in trying to do a deal, which makes it all sound serious. Let's hope they can get another interested party to come forward, so we can get more than £16m (12p\share), or I think we will still be giving away the company. Jatropha is new frontier stuff, but prices for palm oil are established at $900-1000\tonne and jatropha seems very similar. Furthermore Mission say they have a contract to supply Valero, one of the biggest fuel businesses in the US with volume Jatropha oil, so there seems to be a market. (I cannot vouch for these reported figures (or my maths), so as they say, DYOR, but bids at 12-20p seems to have a lot of logic to me). K |
Posted at 11/6/2010 09:43 by wcjan26 someone asked on here the other day about other opportunitiesi have been looking at GTE on/off for some time. looks v. risky (FD left under strange circumstances, share price has collapsed). yet they have announced that several 'strategic investors' have been in discussions with them and they expect to announce something before the end of june doesn't look from the chart like there are any rumours of great things- but it might be worth a punt of money you can do without! |
Posted at 25/5/2010 08:38 by substp 25/03/2010"Proceeding with a Nasdaq listing, as well as milestones achieved in our ligno cellulosic ethanol trials, and long-term offtake agreement with Valero are important accomplishments for Mission NewEnergy", commented James Garton, the Company's head of corporate finance. "As we prepare to enter the U.S. capital markets through a listing on the Nasdaq, we have selected HC International to provide us with strategic investor relations services to optimize the effectiveness of our corporate communications and public transparency. The team at HCI is well-respected and has a proven track record of representing successful foreign-based, US-listed companies. We are confident they will help us to proactively convey our business model, value proposition, competitive advantages and growth strategy, to a broad universe of investors". |
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