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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 25/4/2017 07:19 by pugugly Accounts out - Nav per share $0.55 at 31 Dec - Final dividend of $0.016 proposed. Discount still at 25% to nav so still potentially some more recovery available |
Posted at 02/12/2013 19:46 by qvg Some good news here, IMHO. surprised the price did not rise more quickly, I managed to buy some more to add to my existing holding at only 1% above yesterday's price |
Posted at 28/8/2013 08:08 by pugugly Yet another year of sorrowSeems to be a consistent reduction in NAV of 6 cents per half year. 12 cents p/a. At this rate only 7 more years before no value left !!!! (Slightly tongue in cheek but ...) |
Posted at 18/4/2013 18:39 by gb904150 Yes, I too decided to top up. Given that you get about 1 dollar of assets for around 50 cents, you should only need a couple of points growth for them to be able to shell out double that in divi. Nice to have money in usd not gbp, but they need to get the nav moving up and pay out more dividends Gla |
Posted at 19/10/2011 08:45 by bolador Graph forming a lovely flag in an unhurried sort of way. There has been good turnover recently together with a release of detailed info on the portfolioCurrent discount to nav 40%, fully invested now and pays divi. Have puffed myself in.. |
Posted at 12/8/2011 10:44 by jonwig Yes, is USD cents.I see TREE has been weak, too. PTF is surely preferable, as TREE is heavily geared, loss-making and is paying dividends out of borrowings. I'm putting weakness down to fears about global growth. |
Posted at 28/6/2011 14:03 by jonwig topvest - I hold a few of these, and have held the alternative, TREE.TREE has debt and has been paying divis out of capital, but it appears to have a lower cost base. PTF is a much larger outfit than TREE, so the shares ought to have more liquidity. |
Posted at 28/6/2011 13:14 by topvest I've added some of these today. They look quite attractive, given the discount, $ exchange rate and the 2c dividend. |
Posted at 18/4/2011 11:07 by gb904150 Well, on today's announcement i've treated myself to a few more.Very positive news. An increasing NAV. Other gains yet to be realised. A maiden dividend of 2.5% - not to be sniffed at. Excellent worldwide diversification, currency diversification, inflation protection, plus a management team who seem to know what they are doing. Still approx 30% discount to NAV. But those full NAV of assets are producing! PTF snaffled up a whole portfolio of forestry at a time when prices were reasonably depressed. I figure this is a great long term play. On the downside - the US housing market still in the doldrums. Mismanagement risk, fire risk and i guess currency risk (although i see it as diversification). |
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