re: turnaround still in reverse the general line has been that...

re: turnaround still in reverse the general line has been that alternative fuels are not viable below $55 oil, and oil looks like testing $45 at some time as world growth slows and new supply comes on stream. Biodiesel is the costliest and hence has a large leverage to the oil price.

Euro oil will subsidize biodiesel to an extent, but will want to support local producers, so there will be a tax on biodiesel imports at some stage.

hence there is a lot of risk which the market is focusing on, making prospectus forecasts an intagible. SBI could prove yet to be unviable if oil remains below $50 long term. hold if you are game, but it is a long term game.