Cambium Global Timberland Share Discussion Threads

[lionheart79] 30/11/2012 13:50

So, they propose to wind it up and anticipate a return of approx 57p per share. I'm happy with the plan, not sure why it needs to take 24 months though.

Can't imagine anyone will vote against it but let's see. The 10% rise in the share price today indicates the market approves too.

[dbfromgb] 08/11/2012 17:11

Review is due "in any event no later than 30th November 2012" so three weeks away max.

Recent NAV showed a small turndown, but still trading at a near 40% discount to NAV.

If they don't come up with something that closes the NAV gap we will be back into a requisitioned EGM, and the independent committee will surely be both aware of that and seeking to avoid it.

I have taken the opportunity to add to my holding at these levels in recent weeks. Hoping for a clean 2012 exit route, but more likely it will be phased to avoid a fire sale.

All imho

[lionheart79] 06/11/2012 17:03

I bloody well hope we get a positive response to this strategic review that is underway, TREE has underperformed its peers and its time for some good news here...

[ptolemy] 10/7/2012 16:13

jonwig, thanks. I notice lumber prices in the USA up 20% ytd. Presume if company survives as is, a divi cut will be part of the strategic review. Agree - it's day will come.

[jonwig] 06/7/2012 12:25

Ptolemy - TREE is observing AIC Best Practice:

https://www.atstaction.co.uk/AICCodeofCorporateGovernance2010.pdf

Separation of managers and BoD is part of this, hence non-exec status.

Whether Cogent are the main culprits, or whether the capital structure of the fund (debt) weighs down performance I can't say. I do know that forestry hasn't been a performing asset for the past four years.

(No position, but interested in the sector - its day will come.)

[ptolemy] 05/7/2012 08:52

Does this boil down to a disagreement between McGrady and the board?

In aggregate the ID hold a minuscule number of shares.

Rather unusual that the company doesn't have any executive directors.

Perhaps they need to look at the corporate structure rather, rather than just replacing the investment manager.

[morkandmindy] 07/2/2012 10:12

another little tick up?

[morkandmindy] 07/2/2012 10:00

Very large trade just gone through, price bumped up. Any thoughts?

[jonwig] 27/1/2012 08:44

lionheart - the ETF, "WOOD" has performed very well this year. Sadly, I sold it much too early.

If timber as an asset improves, I think TREE will be taken over, providing you with a decent price exit.

[lionheart79] 27/1/2012 00:54

Not too happy with 23rd Jan interim statement. Nav per share down to 0.71. I still believe in timber as a fantastic commodity, but do wonder if cambium will ever turn a profit... Even if thy maintain the divi

[waldron] 05/8/2011 08:04

10 OUT 10 4 YOUR USUAL OBSERVATION ABILITIES

[wild bill] 02/8/2011 10:04

Please excuse the leg pull but isn't it unusual that zoos only have one giraffe but a quantity of elephants

[ariane] 28/7/2011 10:09

HAZEL SOUNDS QUITE A TREE(t)

[praipus] 25/7/2011 18:36

Radio 4 had an article about hazel and they mentioned that the Chinese are the largest buyer of British Hazelnuts!

Some Zoo's buy the leaves and branches to feed their elephants and giraffe!

[wild bill] 25/7/2011 12:23

Sorry, I can't answer the hazel question.

I am growing the willow for fuel, I own the land but they don't take too much space, I'll answer the other part of the qestion when I cut them down, about 5 years from now...

[praipus] 25/7/2011 11:06

Impressive growth.

Hazel questions: What are Hazel like in comparison? Speed of growth? Market rate?

Willow Questions: Where can you sell them? Do you own the land they are on? Do they cost much to harvest?

[wild bill] 25/7/2011 10:53

my 800 willows are now circa 5 ft (started life at 6" about 20 months ago)

[jonwig] 22/7/2011 18:20

lionheart ... it's listed on the Channel Islands Stock Exchange, which is a recognised exchange for ISA purposes.

This looks to be ready for another upswing, so good luck.

[lionheart79] 22/7/2011 17:55

So I bought a few today, been looking at this sector for ages. Rather surprised I was allowed to buy in my ISA though... AIM listed, but as a 'fund' is that the reason they let me?

[tenapen] 22/6/2011 09:28

Hi Jonwig,
It felt for me that investing in wood / forests would be a no brainer in this carbon off-setting world ! sadly not that easy.

Regards.

[jonwig] 22/6/2011 09:23

Yes, I followed that story, but won't visit it with cash!

Incidentally, I did buy some PTF (despite the higher mgt charges than TREE), though I might miss some corporate action here.

[tenapen] 22/6/2011 09:17

Investing in Wood is not plain sailing even for the best of them !.




Paulson Not Alone as 'Mistake' on Sino-Forest Hurts Davis Funds

Cont...

[jonwig] 19/4/2011 16:00

tenapen - PTF might actually be a better proposition now than TREE. NAV of $1.11 against share price of $0.80.

Anyway, I sold my TREE at the end of last week. I'll look more closely at PTF over the (very long) weekend.