||EPS - Basic
||Market Cap (m)
|Forestry & Paper
Cambium Global Share Discussion Threads
Showing 2826 to 2849 of 2850 messages
|All things being equal then NAV should be approx 22p per share after knocking off 1p for ongoing costs. Big exposure to Brazil and the assets aren't exactly liquid but given you can buy at under 6p that's quite a discount for a liquidating trust|
|Good spot. Though it wouldn't surprise me if the muppets in charge here were unable to take advantage.|
|The Brazilian Real has increased in value by 28% versus Sterling since the last reporting date (30 April 2016). Given 80% of TREE's assets are denominated in the Real that should result in a pretty big NAV uplift.
At the reporting date the Group's exposure to foreign currency in regards to all foreign operations, including all assets and liabilities, was as follows (expressed in Sterling):
30 April 2016
Brazilian Real 12,513,808
United States Dollar 1,646,29
The Group is subject to concentration risk in relation to its exposure to US Dollars and Brazilian Real. The Group holds 11% (2015: 17%) of its net assets in US Dollars and 80% (2015: 74%) of its net assets in Brazilian Real.|
|Rath Dhu (really?) have gone from 2.6% to 14.6%
No indication who sold.|
|Yep it would appear the investment manager was completely clueless. A cat could have done a better job.
I'm not expecting 20p back, not unless timber prices rise significantly, but 12p-14p looks a reasonable target. How long it takes is another matter.|
|I'd be very happy to get 20p back here but I'm simply not prepared to risk any new investment to try and claw back past losses The graph is a laughing stock. At a time where forestry had performed reasonably well this has only ever looked to plumb new depths. The management and board should be reassigned to bin lorry collections once this sorry debacle is finally over.|
Liquidation taking a while but must admit to buying a few of these. Like most companies with overseas assets TREE will have benefited from the sterling weakness. NAV probably up 10%.
So NAV is probably about 20p now including knocking off 1p for costs..
That NAV is split 80% in Brazil, 10% Hawaii and 10% cash.
Last results stated they were close to finalising sale of Hawaii for a slight premium to book.
Also say they are harvesting (and selling) wood in Brazil next year as a prelude to disposing of the land.
Operating costs still too high at 2p per annum but they say these are reducing all the time and the upcoming results will show improvement.
Clearly a big exposure to Brazil here but risk reward looks good to me at a 70% discount to NAV (buy price is under 6p which is below the mid-price).|
|I thought there was a solid base at 57p when I bought!
Will invest my money with the monkeys next time.|
|Yesterday's forced seller @ 5p creates an opportunity methinks. The NAV could easily be written down due to various reported issues. But cash of circa 3p per share gives this a solid base.
NAV 23p per share as last reported, and there are no intangibles on balance sheet, so that's all land, property, timber, equipment, cash.|
|nav 23p buy price 6.5p|
|incredible. muppettry on the grandest scale.|
|I've decided not to participate in the tender, in the vague hope the capital raised from the disposal of remaining assets will be higher than expected. Also 20% doesn't amount to a lot of cash for me.|
|I'm tendering my basic entitlement.|
|View: if you hold the NAV should rise as a result of the tender.
Vulnerability to the underlying is increased for better or worse.
I'm tendering some because I need the money.
I followed a value arbitrage investor in (see WAM thread).
|You need to read the section "Background to and reasons for the Tender Offer"
|So they are offering to buy 20% of our shares at 25p... Is this the start of the winding down of the Company?Hardly seems worth it for my holding. What is everyone else doing, or if you have no holding, any views?|
|Difficult not to agree with you.
Pleased to see a NAV being printed....at last a step in the right direction.|
|nav down to 33p which doesn't include future disposal costs etc
|RNS Number : 8054U
Cambium Global Timberland Limited
21 October 2014
21 October 2014
Cambium Global Timberland Limited (the "Company")
Publication of Net Asset Value ("NAV")
The Directors of the Company wish to announce that in the light of the changes to the operational management of the Company approved by shareholders at the AGM on 16th October 2014, it is intended to replace the publication of the "desk top" net asset value as at 31st July 2014 with an accelerated announcement of the 31st October 2014 net asset value (which will still be subject to review by KPMG) based on the independent third party valuations for that date together with consideration by the Board and the Operations Manager of any other relevant information.
A further announcement will be made in due course.|
|must have wanted their money back|
|Now thats a todo
its just gone blue
Has someone bought a tree from the company ??|
h d shoring
|Could this end up as a shell with significant tax losses ?
Must eventually be worth something to somebody ?|
h d shoring
|Suits just rinsing this Dry! Despicable. No accountability or thought for shareholders whatsoever. The sooner it's wound up the better.|
|No correlation with LB Lumber Long ETF's
criminal levels of mis management at TREE?|