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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 Shares Traded Last Trade
  -0.15 -5.77% 2.45 1,872,547 13:09:39
Bid Price Offer Price High Price Low Price Open Price
2.40 2.50 2.65 2.45 2.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Forestry & Paper 14.67 -1.43 -0.99 35
Last Trade Time Trade Type Trade Size Trade Price Currency
16:15:08 O 358,475 2.35 GBX

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Date Time Title Posts
26/11/202014:07Woodbois - Creating dreams from African timber143

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Woodbois (WBI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-11-26 16:15:092.35358,4758,424.16O
2020-11-26 15:33:502.4025,000600.00O
2020-11-26 15:14:102.4530,286742.01O
2020-11-26 15:09:442.457,968195.22O
2020-11-26 14:16:022.4616,408404.00O
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Woodbois (WBI) Top Chat Posts

DateSubject
26/11/2020
08:20
Woodbois Daily Update: Woodbois Limited is listed in the Forestry & Paper sector of the London Stock Exchange with ticker WBI. The last closing price for Woodbois was 2.60p.
Woodbois Limited has a 4 week average price of 2.15p and a 12 week average price of 2.15p.
The 1 year high share price is 6.50p while the 1 year low share price is currently 2.05p.
There are currently 1,430,751,958 shares in issue and the average daily traded volume is 2,499,366 shares. The market capitalisation of Woodbois Limited is £35,053,422.97.
08/9/2020
20:48
masterboffin: No specific target price . However , the article states the recent interim results gives grounds for confidence , supported by the management team share buys plus indications of a strong bounce back in demand for construction materials .
03/9/2020
14:25
x54v: hTTps://cube.investments/joels-resource-report-from-small-acorns-grow-mighty-investments-wbi/
03/9/2020
13:50
x54v: "With the Company relieved of most of its debt, management is now focused on ensuring sustainable profitability and long-term cash generation, with the clear objective to deliver on our commitment to pay a dividend in 2022. In my four years with the Company I have never felt more confident in its future prospects." hTTps://uk.advfn.com/stock-market/london/woodbois-WBI/share-news/Woodbois-Limited-Half-Year-Results/83180803
02/9/2020
12:15
maccamcd: update from Cannacord Canaccord Genuity view Transformed balance sheet and prospects Woodbois has this morning reported largely flat 1H profitability, reflecting a strong 1Q offset by COVID-19 weakness in 2Q. The real star of the first half is the transformed balance sheet, with a net debt reduction of more than $40mn through a convertible bond 97% shifted into equity and a £13.1mn equity raise. The reduced interest payments (by $3.9mn annually) alone enable a much improved conversion of EBITDA into earnings, allowing positive free cash flow and enabling the payment of a dividend as soon as 2022. We see earnings recovering in the second half and see the group entering 2021 with a strong run-rate, as restrictions across west Africa, and in Gabon in particular, are eased. We reiterate our existing SPECULATIVE BUY rating and 6p price target, and highlight recent increased liquidity in the shares. We make no changes to earnings with this note; at our price target the stock would trade at 14x 2023E P/E. Improved SPOTT ranking ZSL (London Zoo) publishes an annual independent ranking of the sustainability and transparency of timber businesses. Woodbois has risen four places to #3 in the 2020 report, performing very strongly against generally much larger competitors, reflecting its continued commitment to clear reporting and sustainable forestry practices. We continue to see this as a key attraction of Woodbois to potential investors, customers and suppliers. Attractive outlook North American lumber prices have been surging, on a mix of resilient demand and specific Canadian supply challenges. Whilst the read-across to Woodbois's West African hardwood products is limited, the company is seeing demand coming back across its markets. Combined with an expected easing of lockdown in Gabon to enable additional shifts, we see a very strong exit rate for 2020. FY earnings expectations unchanged 1H20 revenue of $8.6mn (1H19 $9.3mn) is just under half our forecast revenue for FY20, reflecting the increased capacity in Gabon delivered in late 2019, as well as ongoing expansion of trading facilities enabling a larger book of business. 1H EBITDAS of -$0.8mn (1H19 -$1.5mn) is slightly less than half our forecast loss for FY20 of -$1.8mn, again reflecting our expectation of a better 4Q compared with soft 2Q and 3Q. We note the resumption of activity in Mozambique for the first time in two years, and that this nonoperated concession (funded, managed and operated by Future Earth) has attractive economics for Woodbois. Given this, we are making no changes to our earnings forecasts, and continue to expect EBITDA to reach $16mn by 2023E with the potential for further growth beyond there. Valuation: reiterate 6p target We continue to base our valuation (as in our June initiation, Sustainable African hardwood) on three pillars: our estimate of an appropriate multiple, the audited balance sheet value of the forestry assets and peer group multiples. The group now has a notable low debt level, which we expect to be at just $11mn by the end of this year (2020), including some further capital investment. At our price target, the stock would have a market cap of £143mn, and would trade at 18x/14x 22E/23E P/E, which we believe is appropriate given the strong asset backing and growth trajectory of the group.
28/7/2020
13:12
paddyfool: too many shares? its not the number of shares its the market cap and whether people are prepared to sell their shares what drives the price. Barely £10 million here..if you believe this business could ultimately be worth many times that, which I do, then you should invest, no consideration at all about the number of shares in issue, imo
14/7/2020
18:09
mortimer7: Mega Dilution Current market cap about £15m. 469.7million shares. Todays intended placing £12m = another 600m shares issued. Conversion of approximately $30 million of debt (say £24million) = another 1200m shares. And the rest..... All very well giving private punters the chance thro' primarybid, but you've got to take that punt tonight & I wonder what the chances are of the share price dipping to, or below, 2p tomorrow?
30/4/2020
10:51
jaknife: The finals are out: Https://www.investegate.co.uk/woodbois-limited--wbi-/rns/final-results/202004300700074006L/ I would highlight one sentence: "The auditors make reference to a material uncertainty in relation to going concern within the audit report." JakNife
07/2/2020
09:50
maccamcd: Broker called Arden just release research Initial target price 12p Initiating with a Buy rating - We initiate on Woodbois with a buy rating and initial 12p target price but with further long-term upside. The Group has made a number of structural changes and investments in the past three years which are accelerating revenue and profit growth, positioning the Group strongly in a fragmented, multi-billion dollar global forestry and trading industry with a key focus on sustainability. Executing on new strategy – Woodbois owns 20-50yr leases on ~1m acres of attractive forestry concessions in Gabon and Mozambique with accompanying processing facilities. Recently upgraded equipment can drive growth and margin improvements, while 25 years’ experience in timber trading and access to working capital underpin the expansion. Multi-billion dollar global markets – African hardwood export markets are driven by strong demand from China and wealthy developing and developed nations, underpinning at least a $350m revenue opportunity for Woodbois. Demand is economically sensitive, but African hardwoods are used for construction and furniture making providing growth much stronger than global GDP over time. Supportive L-T themes – Population growth, urbanisation and middle class expansion all represent themes which Woodbois is aligned to, while commitment to sustainability and ethical practices positions the Group well in its industry - which should attract investors going forward. Attractive growth profile – Our forecasts call for 45% revenue 5yr CAGR, 55% gross profit 5yr CAGR to 2023 with strong double digit growth in both Forestry and Trading divisions, and margin expansion driving positive EBITDA and EPS in 2020E and strong growth in 2021E. EBITDA reaches ~$16m in 2023 on our forecasts. Valuation – The stock trades on 2.0x 2020E EV/Sales and 22.6x 2020E EV/EBITDA falling in 2021E on our forecasts to 1.2x EV/Sales, 7x EV/EBITDA and 9.9x P/E and with 100% upside to our target price, and significant longer term value. Recent investments in the Group’s operations should increasingly unlock value, in our view.
07/1/2020
10:04
jaknife: Another quarterly update: Https://www.investegate.co.uk/woodbois-limited--wbi-/rns/quarterly-update/202001070700059106Y/ But the numbers are so small, revenue is tiny and given the margins the operating profit will be tiny and post admin costs it will be material losses. There's also no reference to the balance sheet which will be technically insolvent.
10/10/2019
08:55
jaknife: The Q3 trading update is out: Https://www.investegate.co.uk/woodbois-limited--wbi-/rns/quarterly-update/201910100700023558P/ The revenue is highlighted as being "record" but at $4.9m it's still immaterial and won't be enough to generate a profit, never mind positive cash flow. They're still waiting for the cash from the sale of the farm in Tanzania as it's not come yet. The reverse debt for equity swap is expected to close on 20 October. At that point in time the debt in the business will look absolutely horrendous and it should be clear and obvious that the debt has no hope of ever being repaid. At 5p the market cap is �23m. Note that the preference shares that are going to be reclassified as debt have a nominal value of $26.25m (about �21.5m) but that doesn't include the accumulated but unpaid dividends. Miles Pelham owns 73% of the prefs and presumably wants his cash back. The only way out for Woodbois will be a material debt for equity swap, this time swapping the new debt for ordinary shares. It looks bleak. JakNife
Woodbois share price data is direct from the London Stock Exchange
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