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DOO D1 Oils

1.825
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
D1 Oils LSE:DOO London Ordinary Share GB00B02QN409 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.825 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.825 GBX

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D1 Oils (DOO) Discussions and Chat

D1 Oils Forums and Chat

Date Time Title Posts
20/4/201217:39D1 Oils - Charts, News and Discussion13,916
11/8/201008:02D1 OILS tree shaker or not ? any advice?10
29/3/201013:01Biofuels harm the planet and its people21
31/7/200821:01TIME TO SHORT D1 OILS21
18/5/200819:47GedW's Email2

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D1 Oils (DOO) Top Chat Posts

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Posted at 29/1/2012 14:40 by solardave
BaldEagle5

What was the price of the raise?
Wasn't there some Siemens action here?
Posted at 29/9/2011 12:51 by topinfo
DJ D1 Oils Plc Interim Results

TIDMDOO

RNS Number : 2097P

D1 Oils Plc

29 September 2011

D1 Oils plc

Interim results

The unaudited interim results for the six months ended 30 June 2011 are hereby released to the market.

Overview

D1 Oils plc (D1) is an alternative energy crop company, which develops Jatropha curcas, a tropical oilseed bearing tree, into a sustainable energy crop that has potential as a source of biodiesel. Jatropha is a hardy crop that is able to grow on a wide range of soils, including soils which are sub-optimal for arable agriculture. Its grain is crushed to produce inedible oil that can be used directly or as a feedstock for biodiesel and a meal that has the potential to be processed into a high-value, protein source for animal feed.

As part of a Board development and reorganisation process commencing on 24 June 2011, Nicholas Myerson and I were appointed to the Board and took up the roles of Executive Director. On 1 July 2011, Martin Jarvis moved from his previous position of CEO to take up the role of Chief Operating Officer and subsequently on 14 July 2011 Barclay Forrest stepped down from the Board as Non-Executive Chairman and I assumed the position of Executive Chairman from that date. On behalf of the Board I would reiterate my thanks to Barclay for his contribution to the Company over recent years. Also on 14 July 2011 we were pleased to welcome Graham Woolfman, who joined the Board as a Non-Executive Director.

The Board is pleased to report that the Group continues to experience continuing upward price pressure for Crude Jatropha Oil (CJO), with prices currently exceeding $1,000 per tonne, ex works. The significant majority of the Jatropha grain collected by the Group is from regions in India adjacent to the Bay of Bengal, where D1's profile has enabled it to secure supplies of grain and CJO from third party suppliers, in addition to its relationship farmers.

As announced in July, the new Board has been undertaking a review of the Company`s operations and the immediate and longer term challenges and opportunities which the Company faces within its markets and product development plans.

Following this review, the Board has determined to focus the Group's operations in India, where there is strong demand for bio-fuel, and to commit an increasing proportion of its working capital to the country. This will enable the Group to consolidate grain storage and processing. In addition, the Group will look to obtain commodity trade finance for the 2012/2013 harvest season, which will be facilitated by centralised storage and processing.

To enable it to focus its resources on India, the Group will look to minimise the Group's expenditure in the UK, Zambia, Malawi and Indonesia. The Board also intends to suspend, until further notice, the Group's animal feed development programme, together with the related cattle trials.

The Board expects that these actions will enable it to further reduce the Group's overheads from a run rate of approximately GBP3.0 million per annum currently to approximately GBP2.2 million for the year ending 31 December 2012. The Board estimates that these savings will involve a one off exceptional cost of approximately GBP410,000.

India has in recent months experienced good rainfall, as a result of which the Directors anticipate improved yields from its maturing Jatropha crops this harvest season.

In light of the review, the Board is now targeting production of 2,000 tonnes of CJO, at a cost of approximately $690 per tonne, over the next Indian harvest season to May 2012. It is targeting to sell this production at an average price (ex works) of $1,000 per tonne. The Board anticipates, based on the assumptions underlying its business plan, that the Group's operations in India will achieve breakeven in 2013, although the Group itself is not expected to break even before 2014.

Finance

Group revenue from continuing operations was GBP0.2m (June 2010: GBP0.1m). The net loss from continuing operations was GBP1.9m (June 2010: GBP2.6m). The reduced loss compared to June 2010 reflects the progress made in reducing administrative expenses from GBP2.5m to GBP1.6m for the period.

The overall loss for the period was GBP1.9m (June 2010: GBP2.6m). The basic and diluted loss per share was 1.47p (June 2010: 2.05p).

Cost of sales rose significantly in the period due to greater expelling activity overseas in relation to grain collection.

During the period, the Group provided additional funding to its joint venture partner, D1 Williamson-Magor. The Group's policy is to not recognise any asset for the joint venture until cash flow is generated through the sale of CJO. In view of this, the additional funding of GBP100,100 was charged direct to the Income Statement as an impairment of the asset.

Finance income within the Income Statement includes the movement in foreign exchange on both retranslation of foreign currencies held overseas (in USD) and in loans extended by the Group to overseas subsidiaries to fund past overseas operations.

Trade and other receivables reduced significantly during the period since 31 December 2010 as that total of GBP899,700 included GBP250,000 of R&D tax credits and GBP380,000 of VAT recovered on the sale of the Bromborough site both of which were received in January 2011.

The Group's cash and cash equivalents and term deposits at 30 June 2011 amounted to GBP2.4m (June 2010: GBP5.5m). At 31 December 2010 the total was GBP3.5m.

Outlook

The new Board is enthusiastic and optimistic about the outlook for the Company. This spirit is based upon the new skill sets which have been added to an experienced team in the field, primarily in India. Whilst Jatropha has been a disappointment to the investment community over the past few years, D1 has positioned itself in the middle of two exciting opportunities; investment exposure in a BRIC country and in bio-fuels. The bulk of our revenue and profit for the foreseeable future will be derived from India and we will endeavour to maximise that unique opportunity within the agricultural and energy sectors. Whilst North American and European investment opportunities in these sectors remain limited and mature, India (in our view) will be the primary driver of growth and D1 shareholders will be involved in this market. Along with this position is the knowledge that the Jatropha paradigm is beginning to realise its potential albeit more slowly than initially thought. Plantings made in the middle of the 2000s are finally reaching maturity and we expect a trajectory of solid growth in revenues in the coming years. The combination of all of these factors will lead the company to allocate less of its capital to overhead and more to working capital, including off balance sheet financing in the form of commodity trade finance. We envisage that D1 will evolve into a more robust company focused on revenue generation and therefore value to shareholders in the medium to long term.

Steven Rudofsky

Executive Chairman
Posted at 02/9/2011 14:17 by jkershaw
any one got a feeling this share is going to be pumped n dumped soon?
Posted at 28/6/2011 10:40 by jkershaw
Following the first substantial harvest in 2010/11, the business is moving towards delivering sufficient quantities of grain to make the business self-sustaining, promoting planting of next generation Jatropha and pioneering the conversion of seedcake into animal feed at commercial scale.

Right oh...I cant find anything in this wishy wash report about what the target volume was and what they delivered for harvest 2010/11..

I cant believe theyve hired some 26 year old to generate a business plan. Its daddies schooling for son.

Here is the business plan....get out to your plantations and contracts and harvest harvest harvest like never before and then sell at best price whilst continuing to work on reducing cost base. Can I have £100K for my report please?
Posted at 17/6/2011 10:21 by jkershaw
right oh...and how the hell do you know this BE5? "The word is Principle/Myerson has offered 4.5p a share." What a lot of BS
Posted at 08/6/2011 09:04 by baldeagle5
The word is Principle/Myerson has offered 4.5p a share.
Posted at 06/6/2011 17:51 by jkershaw
addict...its falling like a stone...markets know something we dont but can ascertain with some certainty that DOO can't deliver the volume.
Posted at 15/4/2011 11:32 by gdasinv2
DOO has no risk at all, All looks good with management effort...3 FOLD when Siemens will ask more....and of course they have signed to supply the FMCG companies.
Posted at 07/4/2011 23:48 by divinausa1
From UK-Analyst.com: Thursday 7th April 2011


News that D1 Oils (DOO) is near to signing offtake deals for a large proportion of its planned harvest for next season and beyond sent the biodiesel producer's shares up 1.05p to 3.2p.

This came as the group revealed that three European multinationals - for which it has recently supplied over 70 tonnes of D1 crude Jatropha oil (CJO) - are all looking to replace their existing oil requirements with the alternative fuel.
Posted at 10/6/2010 15:30 by greedfear
Games being played with share price Understandable. If I were to takeover DOO I'ld like to see an as low share price as possible. Driving share price down with low volume would do the trick. Just like we're witnessing now. Patience will be rewarded here.
D1 Oils share price data is direct from the London Stock Exchange

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