Woodbois Investors - WBI

Woodbois Investors - WBI

Stock Name Stock Symbol Market Stock Type
Woodbois Limited WBI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.55 08:00:28
Open Price Low Price High Price Close Price Previous Close
1.55 1.55 1.55 1.55
more quote information »
Industry Sector

Top Investor Posts

Top Posts
Posted at 29/12/2022 13:37 by volsung
Destroying the world’s great rainforests doesn’t really pay the small investor
Posted at 13/12/2022 11:32 by m1sterx
Lumber prices dropping
A major (previously very supportive) shareholder dumping his 18% stake
One other institutional investor also selling
Recent online commentary (Yahoo Finance) suggesting WBI was overvalued
Silence from the company

It's a slam dunk sell - could get to 1p - then it might be worth a punt.

There is not enough volume in the current range to enable the sellers.

Posted at 21/10/2022 22:40 by odillon
Henry, Tina sounds great and I hope she recommends more investors to take a look at WBI.

... and why wouldn't she when in this week's update we learned about;

. Record quarterly revenue, up 29% to $5.8m in Q3 2022 vs Q3 2021 $4.5m.
· Record nine months revenues of $17.1m in 2022 vs $12.7m for the same period in 2021, up 35%.
· Group gross profit margin for first 9 months of 2022 further improved to 24% from 20% in FY 2021 and 23% in H1 2022.

and that's just for starters...

Posted at 19/10/2022 23:50 by odillon

As I have set out in the above posts, you have made materially misleading arguments to attempt to support your negative slant on this company.

You referred to the different figures for the valuation of assets in 2016 and 2021 and did so on the basis that the assets were the same in both years. This was misleading because the assets were different at the different dates. By 2021 WBI had, for example, acquired an additional 71,000 hectares of forest in Gabon.

You referred to details which you claimed that the company had left out of the update. But the details you quoted were in fact taken directly from the company update and so had not been left out as you suggested.

I have no objection to people making arguments or giving opinion based on the facts. But when people try to ramp a share or denigrate a share based on misinformation then they are not acting in good faith and need to be called out for that.

The Q3 update was good news and a good comprehensive update and I would urge investors to read it. In recent years the company has said what it is going to do and has gone ahead and done it by investing well in land, buildings, machinery and infrastructure and the latest update reinforces my view that the steps that they have taken were steps that have moved the company in the right direction.


Posted at 19/10/2022 15:02 by odillon

JK the numbers are there for any shareholder spending a few minutes reading the update. If you found it hard work or needed help from a financial analyst to read the update then that is rather odd.

Companies need to invest to grow. That is prudent. I have seen no evidence of misdirected investment. As I understand it money has been sensibly spent on means of production and infrastructure (such as roads in the forests)

I would urge investors to read the update in full. For example, veneer production was held up by delayed parts and so even greater revenue is expected in Q4 now that the parts have been received.

It was a very positive update and to seek to paint it as otherwise is barking up the wrong tree.

You're not part of Anglo Eastern Plantations by any chance trying to soften the WBI price with a view to a take-over bid? On assets alone the bid would need to exceed 8p a share.

Posted at 18/10/2022 12:47 by odillon
Buys are exceeding sells once again today. The final comments in yesterday's Q3 update are set out below. It could well be that investors are recognising WBI as both a good prospect for future growth and a port in a storm.

"CEO Paul Dolan commented : 'The business maintained its strong momentum throughout Q3, delivering record quarterly revenues, production and margins. Mindful of current worldwide uncertainties we will continue to be resilient and adaptable. With further high-value production increases underway we have a busy run-into year-end. Almost regardless of market conditions we look forward with confidence to further growth in 2023 and beyond"

Posted at 22/9/2022 16:16 by blue59
They harvest unsuspecting investors’ money. There’s a new crop on a regular basis.
Posted at 30/8/2022 14:31 by spaceparallax
I think the business is on the right trajectory based upon fundamentals; investors should judge on those fundamentals and ignore the background ramping and bashing
Posted at 30/8/2022 11:33 by halfpenny
Blue, if you dont have anything positive then why are you on this site?? RNS had the updates below so dont miss out as WBI can move up fast as more news flow. Strong company going forward with great Carbon Credit opportunities and strong ESG credentials for investors.
Posted at 06/6/2022 07:00 by the grumpy old men

Are Woodbois shares cheap?

At 6p, Woodbois trades at a discount of around 25% to its book value, which I estimate at 8p per share. A discount to book value is a classic value indicator used by investors hunting for bargain stocks.

If Woodbois can convert some of its $258m book value into profitable sales, then the shares could be cheap. The company’s newly established carbon offsetting business may also add to profits in the future.

However, I’m concerned that Woodbois’s financial situation isn’t very strong. The company’s accounts show an operating cash loss of $2.5m last year and year-end net debt of $8.3m.

During the first quarter of 2022, my sums indicate that this net debt figure rose to $9.5m, suggesting further cash outflows.

Shipments of veneer and timber are being held back by container shortages. When these ease, perhaps Woodbois’s profits will surge ahead and it will start to generate cash.

For now, I’m cautious. With the shares trading on 45 times 2023 forecast earnings, I’m not convinced Woodbois shares are cheap. It’s not a stock I’ll be buying.

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