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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phaunos Timber | LSE:PTF | London | Ordinary Share | GG00BFX4LT97 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.51 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.47 | 0.55 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.51 | USD |
Phaunos Timber (PTF) Share Charts1 Year Phaunos Timber Chart |
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1 Month Phaunos Timber Chart |
Intraday Phaunos Timber Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 11/6/2017 08:50 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 06:19 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 23/8/2016 07:45 by catsick Nice set of results nav per share increased by 10 percent and a nice boost in the share price from buying back 8 million shares, with 50 mio usd in the bank they can put a floor under the share price for a long time and further improving the nav as they buy at a 25 pct discount, this is now being run properly and we should see the discount close further very low risk holding .... |
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 07:08 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 08/5/2013 17:54 by jimcar I think your ongoing loss per share of 8c for the next 4 years looks a bit pessimistic. The bulk of the losses were in New Zealand and Brazil and seem related to the weakening economies of China and Brazil in 2012. These could easily turn around leading to gains in lumber prices as we are seeing in the US.Also the trees continue to grow and as more areas start harvesting them we should see gains here. It seems that only v low values are placed on assets before they start to generate returns (similar to other resource assets like oil and mineral explorers). The sheer volume of bad decisions by management would be hard to replicate going forward even by a random collection of chimps and so losses here may also decline but I admit I won't be surprised if they manage too maintain their record. I would have thought that management could be sued for negligence. Still holding so could be wishful thinking. |
Posted at 29/8/2012 08:39 by pugugly jonwig: Agreed - Significant (imo) writedown of NAV per share - If same continues year by year and expenses and erosion of NAV are still in the same area then if discount remains the same share price will continue to erode.I am out - may get back in again if more significant erosion of the share price |
Posted at 29/8/2012 06:19 by jonwig These results won't set the share price alight.They also seem to have quietly shelved any revision of the expense structure. In the last AR (p4) they wrote: Discussions with the Investment Manager over how to further align the performance fee calculations with the interests of shareholders are ongoing. - which hasn't been mentioned this time. And why add two new directors? They lost two last year, but I really don't see the need for so many on the board. |
Posted at 20/6/2012 17:48 by bolador Another block of stock sold today but a willing buyer seems to be around now.It is quite amazing but when an institutional seller wants out of a small cap sometimes they just drive the stock down regardless. At least they got a big lump away in one go as jonwig posted today. When working in the stock market I saw this kind of action several times. Once on finding out who a very large seller of a small cap was we rang them up and made a bid at market on behalf of a client for all their remaining stock in the then little company whose shares they were trying to unload.But no, they did not want to sell all at once in case it turned out to be a noticeably bad bargain for them we supposed. They continued dribbling out stock and the shares fell thus knocking the share price from about 17p to 8p in a generally bad market. Over the following years the share price rose to todays price of around 265p. Any guesses ? |
Posted at 12/6/2012 13:03 by jonwig Bolador - I suspect they've been trying to strongarm Four Winds to reduce their management fee, and failed."Under the terms of the Investment Management Agreement, FourWinds Capital Management will continue as the Investment Manager unless the agreement is terminated by either party giving to the other not less than 36 months' notice. Such notice cannot be given earlier than the seventh anniversary of the initial admission of the Ordinary Shares to AIM, that being 20 December 2013." So it looks like they are stuck until Dec 2016, unless FW does something really bad, when they could be sacked. I don't think share price performance would be enough to get rid, though asset performance might. (53% discount to latest NAV now.) |
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