Biofutures Share Discussion Threads

[leedskier] 08/3/2013 20:54

Government backing: The Enlarged Group benefits from the support of the Malaysian government, including an equity investment from a Government of Malaysia linked fund, debt facilities provided by two government-backed financial institutions, a government-backed debt guarantee for the proposed Graphene plant expansion, favourable tax structures and subsidised fuel markets.

[madmick] 08/3/2013 20:45

fillipe
well they should come back re-listed on Monday at 7p don't know where they will go from there, depends how the market reacts. hopefully positively.

[fillipe] 08/3/2013 20:40

I have 75k "old" shares at cost of 3.6p....had them for many yonks now....all in the hope of BIP coming good on the palm oil.

Do you reckon I'll be winning with the new numbers?

Hoping it all makes for a nice weekend for us all

f

[leedskier] 08/3/2013 20:37

The Platinum Group transitioned from a research and development group focused on technology and product development to a commercial operating group in 2012. Operations are conducted from the Platinum Group's Platinum Nanotek Park located in Senawang, Malaysia which currently houses an 90 million litres per annum speciality chemicals plant and a 1,000 kg per annum Graphene plant. Despite working capital constraints, the Platinum Group's speciality chemicals business generated sales of approximately GBP16.3 million in the eleven months to 30 November 2012 through sales to, inter alia, blue chip multinational oil and gas companies, including Chevron and Shell.

The New Board believes that Graphene enhancement will drive higher margins for the Enlarged Group's speciality chemicals business. The Platinum Group has a contract to supply its Graphene-enhanced drilling fluids in July 2013 to Scomi Group, the fourth largest drilling fluids supplier globally. The New Board expects to launch a surfactant range of products in 2013, which when coupled with the Platinum Group's planned lightweight Graphene-enhanced proppant, are anticipated to achieve significant inroads into the rapidly growing shale exploration market.

In parallel to its planned 250,000 kg per annum Graphene plant capacity expansion, the Group is developing its advanced nanomaterials business, focusing on engineering plastics, enhanced composites and renewable energy components, addressing markets estimated to reach US$76.8 billion by 2017. In addition, the Platinum Group's strategy of developing a licensing and joint venture business model within other sectors of the substantial addressable markets for Graphene-enabled products, underpinned by the revenue generation and existing infrastructure of the speciality chemicals business, aims to provide the Enlarged Group with growing high-quality revenue streams and increased shareholder value. The Platinum Group has entered into confidentiality agreements with leading multinational companies and aims to convert these into joint ventures, licensing and product development agreements in the near to medium term.

Platinum NanoChem has invested approximately GBP39 million in developing and building platform nanotechnologies and an asset base that enables production of speciality performance chemicals and advanced nanomaterials through a combined acquisition and development strategy.

The Platinum Group's current products and pipeline are based on two core nanotechnology platforms, namely its SimPlat cavitation and Catalyx nanomaterials processes.

The SimPlat Process is currently applied primarily in the production of high performance esters for various applications, including second generation biofuels, drilling fluids and surfactants for the oil and gas and consumer markets. Products are sold to customers serving large, global markets with significant performance, regulatory and environmental drivers. In addition, owing to the use of low-cost waste as feedstock, some of the issues faced by the producers of first generation biofuels, namely high prices and volatility of food-grade feedstocks and the negative publicity surrounding the use of food for fuel are less relevant to the Platinum Group. The Catalyx Process enables the production of a family of Graphene nanomaterials including nanoplatelets, nanotubes, nanochips and nanofibres with addressable markets in excess of EUR2 trillion by 2015.

The New Board considers that the Group's innovative approach to its nanomaterial technology platform, a diversified portfolio of products and the broad range of applications for Graphene-enhanced materials, combined with a cash-generative platform of its existing speciality chemicals, provides the Enlarged Group with the opportunity to generate growing revenue streams and shareholder value.

[madmick] 08/3/2013 20:33

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!!!"

[leedskier] 08/3/2013 20:31

edit:

An article by Mark Wembridge in the FT about the RTO.

[madmick] 08/3/2013 20:30

you will get 8480 new shares, so will lose 11 old shares

[apenny24] 08/3/2013 20:25

I had 169,611 shares before so now i will have 8480.55....and i have lost how many....10?100? not sure...

hope this doesn't get shorted down...this really could be so good...

[apenny24] 08/3/2013 20:25

I had 169,611 shares before so now i will have 8480.55....and i have lost how many....10?100? not sure...

hope this doesn't get shorted down...this really could be so good...

[madmick] 08/3/2013 20:22

apenny24
they valued the shares at 7p at take over price. and are going to consolodate them
ie every 20 shares you own will become 1 new share
so 1 new share is then valued at 140p

[leedskier] 08/3/2013 20:19

mm the RNS (I have not seen the admission document yet) provides:

Principal Terms of the Acquisition

Under the terms of the Acquisition Agreement, the Company has conditionally agreed to acquire the entire issued share capital of Platinum NanoChem from the Vendors for a total consideration to be satisfied by the issue of the Consideration Shares (representing 72.9 per cent. of the Enlarged Share Capital) on Admission.

Those investing £32.5m of new capital will receive 19.9%.

add:

100% - (72.9% + 19.9%) = 7.2% actually.

[madmick] 08/3/2013 20:18

"Existing shareholders diluted from 100% ownership to 7%"

Yes we had 100% of bip, value at suspension £5.2m

At the Placing Price, the Company will have a market capitalisation of approximately £163.2 million on Admission.
Assuming your 7% is right "can't be bothered to check"
we will own 7% of £163.200.000
and thats £11.424.000
So we are a lot better off.
Don;t worry about your short bambam you won't need to buy it back if its less yjan 20 shares. lol.

[apenny24] 08/3/2013 20:12

so excited by all of this....i bought 7.2 second time around so here's hoping the market responds well to the new name...it has to surely....and the lock in does steady the ship a little....

how did they get a valuation though that got them shares at £1.40....mmmm, not sure if that is too high to be honest....well soon see eh.

good luck all.

[madmick] 08/3/2013 20:07

"I thought it was you mm"
No! not me I only have 19 shares so I will lose them all. Lol.
there will be a lot odd shares wiped out ie. odd amounts not dividing by 20
I think I said they would do this in an earlier post.

bam bam "the vendors getting 1.7 billion shares to the vendors then"
yes they are getting 1.7b shares thats what they are getting for THEIR Co.
They will get diluted the same as the rest of us.

[leedskier] 08/3/2013 19:44

I thought it was you mm ;

I wonder if Alan Cleverly

is Alan Cleverly OBE, Hon Agent to Michael Gove. He seems to have a number of directorships and close ties with SMEs in the UK.

add:

An examination of Michael Gove's political funding reveals that his constituency office, Surrey Heath, has received more funding in the past year than that of any other Cabinet MP.

Though one of the safest Conservative seats, Gove's constituency has received £61,279 from individuals, companies and associations between May 2010 and October 2011.

This is nearly five times the nationwide average value of donations to Conservative and Liberal Democrat constituencies, which was £11,701.09.

Gove's agent, Alan Cleverly OBE, is the Honorary Secretary of the Magna Carta Club. Cleverly is also founder and CEO of the Genesis Initiative, a body that represents the interests of UK Small and Medium Enterprises (SMEs), ' maintaining pressure upon the policy makers'. The initiative is registered to the Surrey Health Conservative Association's address.

[madmick] 08/3/2013 19:39

I wonder who has taken up the 23,214,286 new shares.

[leedskier] 08/3/2013 19:30

Directors, Proposed Directors and Senior Management

The Board is chaired by Dr Patrick Dennis Howes and comprises Dr ("Joe") Wong Kai Fatt and David John Long, Tan Sri Abi Musa, Dato' Larry Gan, Dato' Jespal Deol, Sushil Sidhu and Alan Cleverly will be appointed as directors with effect from Admission. The biographies of the Directors, the Proposed Directors and other proposed members of the senior management of the Enlarged Group are set out in the Admission Document.

"Lock-In Persons"
Platinum Energy Global Sdn. Bhd., Rampai Teknologi Sdn. Bhd., Green Ethics Capital Sdn. Bhd., Lim Ted Hing, Quek Siew Hau, Chan Ka Tsung, Fong Tham Yu, Seah Sen Onn @ David Seah, Dato' Jespal Deol Balbir Singh, Dato' Mohd Sallehuddin bin Othman, Tan Sri Dato' Sri Abi Musa Asa'ari Bin Mohamed Nor, Anbananthan Shanmugam, Dato' Larry Gan Nyap Liou @ Gan Nyap Liow, Dato' Foong Choong Heng, Sushil Singh Sidhu Joginder Singh, Dr Wong Kai Fatt, David John Long, Dr Patrick Dennis Howes, MSG Commercial, Oceanair Environmental, Cyril Tan Eng Wah, Asia Bioenergy Research, Leung Kok Keong, Ubud Consortium and Plug & Play Technology

[leedskier] 08/3/2013 19:16

That is 2p a share more than I paid.

[leedskier] 08/3/2013 19:16

8 March 2013

Biofutures International plc is pleased to announce that, in conjunction with its proposed acquisition of Platinum NanoChem, it has raised GBP32.5 million (before expenses) through a conditional placing of 23,214,286 Placing Shares at a Placing Price of 140 pence per Placing Share in order to provide the Enlarged Group with sufficient funds to implement its expansion strategy and for its working capital purposes. The Placing Price and number of Placing Shares reflect the proposed 1 for 20 share consolidation referred to in the Admission Document. The Placing Price of 140 pence is equivalent to 7 pence per Existing Unconsolidated Ordinary Share.

[the placing represents19.9% of the total SHARES IN ISSUE following admission and consolidation ... On Admission, the Company will have a market capitalisation of approximately GBP163.2 million based on the Placing Price]

[leedskier] 08/3/2013 19:16

Key Strengths of the Enlarged Group

The New Board believes that the key strengths of the Enlarged Group will include:

-- Technology: A portfolio of integrated technologies, with IP protection, that permit the production of high value chemicals and advanced nanomaterials from readily available and lower-cost feedstocks;

-- Market opportunity: The Enlarged Group's products will target multi-billion dollar global markets with substantial economic and regulatory drivers;

-- Team: A strong and experienced management team and staff with significant technical and business expertise, and a successful track record, in relevant industry sectors;

-- Pipeline and customer base: The Enlarged Group will have substantial existing demand for its portfolio of speciality chemicals from blue-chip multinational customers and an advanced pipeline of uses for the future production of its advanced nanomaterials;

-- Sustainability: The Enlarged Group's products will assist its partners to reduce carbon intensity, reduce waste and reduce water pollution; and

-- Government backing: The Enlarged Group benefits from the support of the Malaysian government, including an equity investment from a Government of Malaysia linked fund, debt facilities provided by two government-backed financial institutions, a government-backed debt guarantee for the proposed Graphene plant expansion, favourable tax structures and subsidised fuel markets.

[leedskier] 08/3/2013 19:14

And your short on Monday?

add:

Under the terms of the Acquisition Agreement, the Company has conditionally agreed to acquire the entire issued share capital of Platinum NanoChem from the Vendors for a total consideration to be satisfied by the issue of the Consideration Shares (representing 72.9 per cent. of the Enlarged Share Capital) on Admission.

[bam bam rubble] 08/3/2013 19:12

1.7 billion shares to the vendors then. Good for them.

Existing shareholders diluted from 100% ownership to 7%

[leedskier] 08/3/2013 19:08

Graphene NanoChem Plc

[silax] 08/3/2013 18:33

A lot to read over the weekend...!

Trading resumes on Monday by the look of things...