Share Name Share Symbol Market Type Share ISIN Share Description
Woodbois Limited LSE:WBI London Ordinary Share GG00B4WJSD17 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.64% 1.55 1.50 1.60 1.55 1.55 1.55 6,345,007 08:00:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Forestry & Paper 12.9 67.1 2.7 0.5 32

Woodbois Share Discussion Threads

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Further borrowing.
At the AGM today WBI explained that any carbon credits resulting from the land managed by WBI in Gabon and Mozambique would belong to the Government and not to WBI.

WBi clearly set out that their carbon credits project is a long term one and will be reliant on buying new land and they are looking at 35,000 hectares.

Further conformation that the Financial News article was indeed a pack of lies.

One to keep an eye on
Still believers out there - share price was 5.85p now today 6.55p and going higher.
High risk - like ALL.
Boom and bust or not - that is the question.


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.

the grumpy old men
Odillon - many thanks for clearing that up.
It seemed to good to be true.
Think I will stick to PDG and VTU for value and hope for 2022.

The article that created the spike was a forgery (brief scrutiny of the site showed it was a mock up) which promised imminent carbon credits riches when the company have made it clear that any carbon credit income is at least 6 years away and depends on partners falling into place for the project to be viable.

If folk buy expecting carbon credits profits any sooner than 6 years plus they are in for a very big disappointment.

MattAB - true words
The tip suggests the that the change in policy to the sale of the carbon credits could be worth a fortune, But will we see the profits actually materialised?
Jam tommorrow sums it up, but seeing is believing

LT holders will always sell into any spike - below 4 pence before the spike intraday well over 9 pence at the height. Institutional Investor took advantage to sell down - this stock is very much jam in the future which never seems to actually materialise. Market Cap far too high. 3 to 4 pence likely real value. I have made only profit fortunately on this - short term holding going way back to FS days. No one expected the spike up. Sensible take advantage.
There appears to be a majority of sells on Wednesday and few buys which is strange if this stock is so good.
WBI was recently tipped on the internet, although in 2017 the share price was 20p, but now it is only 6p, and last year they made a £5m loss on capitalisation of £115m
They compared WBI with Elon Musk electric car venture, however to me it looks like a very big gamble whether WBI will 'actually' see profits in the future.

A concern that I have about WBI is that it is red flagged under the Beinish M score. This is a respected form of company accounting analysis.

From hxxps://

"The M-Score is calculated to know the degree of manipulation in earnings by the company. Many of the companies can use different means of increasing their reported earnings like capitalization of the expenses, which are of revenue nature, early booking of the sales in the books of accounts, etc. These tricks, although they are not illegal by the law the same signifies the wrong working of the company. The Beneish M-Score model helps analysts in predicting these high profile failures."

Dream on this is all hype and Dead Wood investment. Too Risky for me.
As to when WBI start making a profit from carbon credits, Paul Dolan has stated there will be no meaningful income from the project until at least six years from the first plantings.

Prior to that time any forward sold carbon credits will be sold at a discount and will only be used to fund the project.

Different trees grow at different speeds. To qualify for carbon credits a tree has to be verified to have reached a certain size at which it is absorbing sufficient carbon.

WBI have stated that it will take at least 6 years for their tress to reach this size.

However, they first need to find a partner who will pay for the land. Secondly, they need a partner who will take a great risk by paying for carbon credits in advance because WBI need that money to fund the project. So the clock on the six year period has not started ticking yet. As Paul Dolan makes clear this is not a short-term project it is a long-term one.

The apple tree in my garden is sequestering carbon. I am not expecting a payday.

There is no money in simply sequestering carbon. For a project to qualify for carbon credits it has to be new and additional. It cannot apply to existing forest used for timber.

That is why Paul Dolan explained that it will be at least 6 years before they can qualify for carbon credits for the proposed new project. So far they have identified land for this but there is no news of any partner. WBI need a partner to buy the land.

Don't be fooled by misleading information from posters who are trying to gain from a spike that will leave others in difficulty.

Here are the facts.
from 20.30

WBI have never said they need anything other than that they need at least 6 years to get their trees in shape to qualify for carbon credits.

The reference to 5 years in the Armchair Trader interview is a minimum requirement for a carbon credits verification agency. WBI said they need at least 6 years for their trees to qualify and they said that because that is what they need.

Be careful.

Interesting company
That was said in August of last year.

Since then there was another interview with Paul and Michael Floyd 6 days ago.
The infamous article (fact or fake) says this ...

""WoodBois owns over 1,000,000 acres of pure forest concessions across Africa.

It is among the largest in the world, and yet up until recently, the company was not selling its carbon credits because it was not part of the program. Instead they were harvesting the trees, processing them and selling them.

Their business model has now changed though for the better.

They’ve begun working on selling carbon credits and their revenues could be on the verge of exploding!"

THE BUSINESS MODEL HAS NOW CHANGED? That is down to the appointment of Michael Floyd who saw the potential of forward carbon credits by partnering companies willing to invest perhaps £100m in new plantations in return for a proportion of their credits as commission for managing their sites for them.

The latest interview on May 18th is available on

A couple of pertinent extracts follow -

Q: You introduced a new strand to your business recently, carbon offsetting. What was the business reasoning behind that?

Michael Floyd: When I joined Woodbois about a year and a half ago (as the head of Carbon Market Solutions) we looked at the carbon market in great depth and there was an absence of high-quality producers of carbon credits, people not just planting trees but growing trees.

Q: You plan on creating carbon offsets by planting trees and sequestering carbon. How do you measure how much carbon you have actually sequestered?

"Michael Floyd: There is a model you can use to calculate this that is based on the size of the tree. There are carbon offsetting standards registries like Verra that come and inspect the carbon stock on the land when you start planting and then they check again on a frequent basis so you can have a very good idea of how much carbon has been sequestered. The standards agency has a rule of five years after planting before you can claim credits but in effect, the trees start sequestering carbon from the day they are planted."

If you listen to Paul Dolan at 21.30 of this interview you will hear that meaningful income from carbon credits is at least 6 years away as it is after year 6.

So perhaps it is 7, 8, 9 years away?

Market Summary
Woodbois Ltd
5.85 GBX
+0.95 (19.32%)past 5 days
19 May, 12:20 BST • Disclaimer

The tune is the same but the words have changed from ‘jam tomorrow’ to ‘jam in 6 years time’.
Please replace hxx in the link with htt

It keeps going to xx even though the link is tt

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