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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Phaunos Timber | PTF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.51 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.51 | 0.51 |
| Top Posts |
|---|
Posted at 11/6/2017 09:50 by pugugly Timber! Activist investor wants to take axe to Phaunos"Activist investor LIM Advisors is pushing for a wind-up of Phaunos Timber (PTF) over concerns about poor returns from the timber investment company and the persistent discount on its shares. The Hong Kong-based fund manager raised its stake in Phaunos to 10.71% stake in January and has written to other shareholders, detailing why it will vote against the continuation resolution at the annual general meeting on 19 June." |
Posted at 05/1/2017 19:40 by pugugly UK Investors now have big benefit from £/$ exchange rate shifts - Still possibly a $ play if BREXIT/TRUMP foul up -Declaration now in sterling profit after a long time in loss but approx breakeven in dollar terms |
Posted at 09/7/2012 14:19 by clocktower Could be a good recovery play for a longer term investor it seems. DYOR. |
Posted at 20/4/2011 08:08 by strelna I just can't get past the TER, which I believe is 3.47% - and I do not know whether that even includes the performance fee (not yet payable). I was liking everything I saw and was ready to buy after the results (with a director) today but seeing that TER just stopped me dead. I like fund managers who view investors as partners and the TER and 'performance fee' (why would you not expect a well-remunerated manager to attempt to perform?) leaves me unconvinced that is the case here.I am not a milch cow. Instead I want to be a fully paid up equal partner in a successful business. Read the Letters to Shareholders of Berkshire Hathaway, directors of PTF! The annualised return is over 20% and the manager is paid a flat $100,000 salary. His job is his incentive and he is a billionaire as a result. Now that's value, and partnership. As a result, Berkshire gets a little more of my 'cautious' money today, not you, whatever the discount. |
Posted at 26/7/2010 08:17 by gb904150 PTF doesn't get many mentions. There's a short one hereI still think this is not a bad place to be. Plenty of value above net assets and if the economy's struggling you let the trees grow. |
Posted at 22/12/2009 21:51 by gb904150 Despite what looks like excellent progress with acquisitions, the 'strategic review' was pathetic. The idea was for PTF's mcap to reflect its NAV more closely.The initial review RNS gave the +30% boost to the share price The fact that almost all those gains have been given up since the final announcement shows what the market thinks of the suggested actions. In honesty - the actions were pretty weak/nondescript: - market making support - increased investor communications - occasional share buybacks oh well....still better than holding EUR/GBP. |
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