Woodbois Share Discussion Threads

[genierub] 19/4/2023 07:15

I have a feeling this is going to bounce strong. Anyone watching Level 2?

[shortcpx] 19/4/2023 07:13

TIMBER!!!!!!!!

[supercity] 19/4/2023 07:07

This has been incessantly ramped on twitter since 1.6p.Didn't expect this kind of drop and RNS but a quick scan of the previous RNSs and there would have been a red flags.

[tomboyb] 19/4/2023 07:04

Might be a quick trade here but money is v tight -

[pre] 19/4/2023 07:01

Oh dear not good at all

[blue59] 19/4/2023 07:00

As a private company I suspect

[pugugly] 19/4/2023 06:54

End of the road?

[terminator101] 19/4/2023 06:51

Oh dear, seems that sub 0.5p is coming quicker than predicted. Just waiting for the creepy stalking boiler room psychopaths to turn up an accuse me of talking it down after the news when I've been warning about this lifestyle pish for ages.

[bigboots] 19/4/2023 06:47

Where has the money gone from the recent raise.

Bet they knew about this, before they did the raise

STINKS !!!

[blue59] 14/4/2023 13:26

It has started!

[terminator101] 11/4/2023 22:39

Indeed time for a rerate. Rerate from £20 million mcap to under £10 IMO. Sub 0.5p coming.

[blue59] 11/4/2023 10:37

Well, its either going to be bust or a multi bagger. Place your bets!

[kaos3] 11/4/2023 09:52

....The dream of turning a tropical rainforest into timber....


one can not be that incompetent ... has to be something else

[toolsmoker] 11/4/2023 09:48

The rally begins .plenty of fools selling today. The sell time was 6p down to 2p .now time for a re rate

[volsung] 11/4/2023 09:23

The dream of turning a tropical rainforest into timber has turned into a nightmare.

[bigboots] 11/4/2023 08:34

This is now looking like its over, no wonder funds were selling....

[fenners66] 11/4/2023 08:30

"Period end working capital(1) of $10.4m of which inventory was $2.6m "
So $7.8m was debtors and cash less creditors...

Clearly looks like they have far too long debtor days , possible bad debts?

It is possible to run a manufacturing business with negative working capital - this is clearly nowhere near.

A sale and leaseback often spells the end - remember MFI anyone ?

To repay short term expensive debt - with long term expensive debt ?
What's the betting on what cash they realise from a sale and leaseback ? And what unnamed party gets their hands on it with massive finance costs and "arrangement fees" ?

[fenners66] 11/4/2023 08:11

Not read all the announcement yet but when a company talks of reducing Sales because of

"and working capital constraints "

you know they are bleeding cash....