Woodbois Share Price (WBI)

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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
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  0.005 0.25% 2.025 1,518,493 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.00 2.05 2.025 2.025 2.025
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Forestry & Paper 12.91 67.07 2.73 0.7 42
Last Trade Time Trade Type Trade Size Trade Price Currency
09:07:14 O 42,096 2.05 GBX
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Mondi (MNDI), Cropper (james) (CRPR), Scholium (SCHO), Cambium Global Timberland (TREE)

Woodbois (WBI) Latest News

Woodbois News

Date Time Source Headline
11/11/202207:00UKREGWoodbois Limited Conversion of 55 million Non-Voting Shares
01/11/202208:15UKREGWoodbois Limited TR-1
27/10/202216:15UKREGWoodbois Limited Conversion of 60 million Non-Voting Shares
21/10/202206:00UKREGWoodbois Limited TR-1
17/10/202221:04ALNCNewsTRADING UPDATES: Chapel Down happy with crop; Woodbois trading strong
17/10/202206:00UKREGWoodbois Limited Q3 2022 Update and Board change
26/9/202215:55ALNCNewsTRADING UPDATES: Mirada extends loan; Atlantic Lithium joins ASX
26/9/202215:15UKREGWoodbois Limited TR-1
26/9/202206:01UKREGWoodbois Limited Conversion of 60 million Non-Voting Shares
17/8/202206:00RNSNONWoodbois Limited Eighth Ranking in SPOTT Transparency Assessment
More Woodbois News
Woodbois Investors    Woodbois Takeover Rumours

Woodbois (WBI) Discussions and Chat

Woodbois Forums and Chat

Date Time Title Posts
28/11/202209:03Woodbois - Creating dreams from African timber694

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Woodbois (WBI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:07:162.0542,096862.97O
08:59:392.001,97439.48O
08:59:012.002,25245.04O
08:57:172.0020,000400.00O
08:55:062.001,50030.00O
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Woodbois (WBI) Top Chat Posts

Top Posts
Posted at 28/11/2022 08:20 by 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 2.02p.
Woodbois Limited has a 4 week average price of 2.02p and a 12 week average price of 2.02p.
The 1 year high share price is 9.30p while the 1 year low share price is currently 2.02p.
There are currently 2,079,988,873 shares in issue and the average daily traded volume is 8,233,576 shares. The market capitalisation of Woodbois Limited is £42,119,774.68.
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Posted at 28/11/2022 08:48 by fitton
The only problem with this company is lack of funds.Very little money in the bank.They need to raise money.Thats why the share price is were it is.If they can't raise funds the company has no future.Hopefully this can be resolved.
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Posted at 23/11/2022 11:20 by the_debt_collector
This could easily go to 1.5p or even lower, clearly there is a mountain of stock to shift and it seems the seller(s) will take any price on the bid.

The market makers need large volumes and will drop the share price until they get it.

Bet many are looking for TR1's to see when the selling stops.

Silence from the company is also a worry.
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Posted at 02/11/2022 09:32 by m1sterx
The other aspect that comes to mind is Rhino/Pelham is selling down the recently converted 60m non-voting shares and forward selling the remaining 55m that can be converted - 115m in total.

The last time he requested conversion of the non-voting shares he completed 2 transactions in a few days, maybe this will happen again and he will be out of non-voting stock and then have a clean voting share holding.

No doubt it will all become clearer in due course, the share price is suffering nonetheless, Pelham's actions cannot be impressing the BOD of WBI, the shares were trading around 6p in June.
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Posted at 24/10/2022 17:26 by odillon
For a number of days there were more buys than sells and the price dropped each day. Today it is showing more sells than buys on ADVN and the other way round on the other popular chat site (that, in my view, is not as good as ADVN)

So assuming ADVN is right, I hope the change in pattern means that tomorrow is the turning point for the share price. The good results deserved a price rise, not the opposite. But after the Q2 results in July a similar thing happened, a short term drop then the price rose again.

I think the bogus article back in April harmed WBI and put a lot of people off the share, but I believe that there has been good solid progress over 3 quarters and that will begin to sink in over time. I do not like spikes and so I am hoping for an end to volatility soon and a steady recovery based on good progress further to sound investment and not spikes and dips due to scam articles.
The income on the veneer side of the business should now be increasing nicely and if so that will be assisting WBI now to increase liquidity.
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Posted at 19/10/2022 20:04 by odillon
Me thinks the JK doth protest too much.

I am intrigued. What is your interest in putting so much effort into trying to deny that WBI have just submitted excellent results? One only lives once and you are trying so hard.

Are you anticipating a Take Over bid and hoping you can buy at a lower price?

Or are you hoping to buy up shares at a lower price before the recent good results become more widely known?

You mentioned financial analysts in an earlier post.

After the latest results, the financial analysts Canaccord said;

"We continue to base our 7.0p target on long-term and peer group multiples and the audited balance sheet value of the forestry assets (8.3p). We expect the group to become net profitable in 2023E. At our 7.0p target the stock would trade at 33x/21x 2023E/24E EV/ EBITDAS, which we believe is appropriate given our methodology,"

hTTps://www.proactiveinvestors.co.uk/companies/news/995585/woodbois-rated-as-speculative-buy-says-canaccord-995585.html?rel=scroll

On the biological assets valuation, of course auditors will be cautious and include pro forma clauses with their opinions.

But remember JK, assets can go up as well as down in price.

The audited valuation of WBI's biological assets was made before the very recent positive news about carbon credits certification for Gabon, (as referred to for example in this Forbes article);

hTTps://www.forbes.com/sites/kensilverstein/2022/10/16/carbon-credits-have-struggled-to-win-market-approval---until-now/

So the valuation of the 71,000 hectares of forest WBI own in Gabon may need to be looked at again on the basis that it is too low and needs to be uplifted.
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Posted at 19/10/2022 15:02 by odillon
JK

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.
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Posted at 19/10/2022 12:23 by odillon
JK, In fairness to WBI the figures you refer to are set out in the update so there is no sleight of hand as you appear to suggest. The investigate link you provided gives you the company update. So you are quoting the company update whilst suggesting they failed to say what is in your quote, which is the company update.

For completeness you could have included WBI's p explanatory points,

"Working capital marginally reduced to $9.3m at 30 September 2022 owing to expected capex. Total borrowings decreased marginally during the quarter from $12.4m to $12.3m reflecting machinery lease repayments made during the period"

So this is all set out and referred to in the company update. It is expressly addressed and you seem to have missed this when you read the update.

The update was good detailed information and this is consistent for a company that keeps shareholders updated much better than most, with quarterly updates at the very least.

Buys exceeding sells day after day indicates that sentiment is with this share. That makes sense. The results were expected to be good and are good and there are also further good prospects for the future. For example, if WBI receive the Forestry Stewardship Council certification they are applying for, they will be able to extend their market and increase profit. So that's something to look forward to.

My prior concern about WBI was movement of the share price based on inaccurate information about carbon credits. That misinformation has been debunked (I did a lot of the debunking to seek to help others keep expectations realistic) and the share can now stand on its own two feet based on increasing sales of timber and veneer and accurate information about the carbon credits side of the business.

Your presence on this chat board indicates a personal interest in the share. At what price are you hoping to buy in?
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Posted at 17/10/2022 10:37 by odillon
Excellent results. Buys are exceeding sells once again today in response to the good results. There has been a delayed positive reaction to good results in the past with the WBI price and that may happen again, especially with sentiment favouring buys.

Increased revenue all round for timber.

Also an interesting update on the Carbon Credits side;

" to validate our proof-of-concept we will commence a limited initial pilot project on an area of low carbon stock land within our existing concessions. Upon receiving any grant of land from the government we will immediately look to scale the pilot scheme, preferably with the financial support of one or more external funding partners."

"discussions with the relevant government Ministers have continued to progress"
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Posted at 22/9/2022 09:52 by odillon
I read in the FT today that in Germany the price of wood has doubled as it is being used as an alternative to oil and gas for heating.

I am not sure if WBI supply wood for fuel? But there has been a nice share price rise today so far on the same day the news from Germany was reported,
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Posted at 30/8/2022 13:40 by odillon
You are right SpaceParallax. This share has been hyped on the basis fake news before and we are now seeing more of the same.

WBI has no carbon credit interest in existing forestry. Paul Dolan has confirmed this in a Q and A with shareholders. The government where the forestry is has potential carbon credit interest and not WBI.

WBI does hold out hope for the future if it can strike a deal with a partner wiling to buy some new land that WBI can manage.

But then there would be a delay of many years, 7 I believe, waiting for the trees to mature to a degree at which credits can be claimed.

Any deal would have to be looked at extremely closely to assess the degree to which WBI would benefit.

The company buying the land would be taking the much greater risk and so would be seeking the bulk of the reward. As it stands I am not aware of any agreement having been entered into.

It is fair comment on the WBI site for SpaceParallax to alert those looking at this share to the facts. This share is one that is targeted by fraudsters.
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