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Serious Money moving in all in the last couple of days. Any ideas ?
Plenty of upside here. And May
Maybe news in a few weeks. Good luck All And May
The stock of Cambium Global Timberland Limited (LON:TREE) hit a new 52-week high and has GBX 17.52 target or 145.00% above today’s GBX 7.15 share price. The 9 months bullish chart indicates low risk for the GBX 7.54M company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 17.52 price target is reached, the company will be worth GBX 10.93 million more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.35% or GBX 0.03 on November 8, hitting GBX 7.15. About 902,658 shares traded hands or 2877.89% up from the average. Cambium Global Timberland Limited (LON:TREE) has risen 16.33% since March 28, 2016 and is uptrending. It has outperformed by 14.37% the S&P500. And May
Lots more to come here. Minimum 14p . Good luck All And May
A good few months ahead here. At long last . And May
Now @ Cica 14p per share. Well done the BOD .A reasonable realisation . More to come via Hawaii 5 0 And May
trade x2...........
big 50k buy at full ask!
bid 42.5 ask 44.5 ! expect to settle near 50p!
Agreement has been reached in principle with the Manager to amend the fee structure so as to reduce overheads and align the interests of shareholders with the Manager. The Independent Directors intend to return surplus cash to shareholders in tranches from time to time as and when it becomes available as a result of realisations. It is intended that cash will be returned in such a manner as to represent capital in the hands of shareholders and it is not intended that any further dividends will be paid if the proposals are approved by shareholders. An extraordinary general meeting will be convened enabling shareholders to vote on the proposals which will be recommended by the Independent Directors, advised by Panmure Gordon. A further announcement will be made in due course.
Return to shareholders 57p! The Independent Directors of Cambium Global Timberland Limited today announce the outcome of the strategic review initiated and announced in June 2012. After consideration of a range of options and following consultation with its shareholders and advisers, the Independent Directors have concluded that it is in the interests of shareholders as a whole that the Company's assets be realised through an orderly realisation process enabling cash to be returned to shareholders. Amongst these options was an indicative cash offer for the assets of the Company but at a level which the Independent Directors considered unacceptable. In reaching their conclusion the Independent Directors have been mindful in particular of the following: - that the net asset performance of the Company since inception has been disappointing, with a decline from the original subscription amount of 100p per share to the most recently published net asset value of approximately 24 per cent. (after adding back cumulative dividends of 12p paid over that period); - that with net assets as at 31 July 2012 of approximately £66.7 million the Company lacks critical mass, impacting adversely on liquidity, share price rating and costs; - that in the absence of achieving critical mass, the prospects of achieving a material re-rating of the Company's shares from current levels (representing a discount of some 38 per cent. to net assets) remain bleak; and - that the share price rating in turn would make it difficult to grow the Company by equity issuance other than at a price which would be materially dilutive to existing net asset value per share. The proposals, amounting to a change of investment policy in order to implement a realisation strategy, will be set out in detail in a circular to be published in due course. C.P. Cogent Asset Management L.P. (the "Manager") will be retained to manage the orderly realisation of the assets in order to achieve a balance between returning cash to shareholders and maximising value. Allowing inter alia for liquidity constraints, costs of sale and the impact on valuations which are likely to be caused by such deferral of cash flows and suspension of planned operating activities that the realisation strategy will entail, the Manager has estimated on a prudent basis that the net proceeds which might accrue to the Company from the sale of the portfolio will, after repayment of loans and adjustment to deferred tax provisions, be equivalent to approximately 57 pence per share, but it should be noted that this is only an estimate which remains subject to market fluctuations and a number of uncertainties and that the final amount may differ materially from this estimate. There will be no set period for the realisation of the portfolio but the target will be to complete it within 24 months.
Gets a mention from Moneywise. TIMBER For a genuinely different investment, Elliott suggests Cambium Global Timberland, a closed-end, Jersey-domiciled investment company that invests globally in timber plantations and timber-related activities. It takes a socially responsible approach to investment and diversifies its risk by investing in different species and ages of tree as well as maintaining a global spread of holdings. Elliott says: "Demand for timber is influenced by what is happening in housebuilding and the construction industry, but if the trees aren't required, they can be left in the ground, so your investment will literally continue to grow." With investment trusts, the world is your oyster. However, specialist trusts are likely to be more volatile than more broadly based trusts and should only make up a small portion of a diversified portfolio.
Some large forest fires have been blazing on the South Island not far from Dunedin recently, I hope its not Cambium's pine stands that have gone up in smoke!
Cambium Purchases New Zealand Timber Lands 21 May 2009 Jersey -The Directors of Cambium Global Timberland Limited announce that the company has acquired approximately 3,200 acres of mid-rotation radiata pine plantation on the south island of New Zealand, for approximately 2,255,000 sterling. The property is positioned to serve the high-growth log markets of Asia via the export market with harvest to begin in 2020. The property will be managed on an environmentally and socially sustainable manner and FSC certification will be sought. With this acquisition Cambium is fully invested in a portfolio diversified across geography, age class, and species. CP Cogent Asset Management as fund manager will continue to actively manage the portfolio and work to monetize values associated with emerging environmental markets. The project will be managed on a day to day basis by New Forests.
LOL
I can't see this rocketing but what effect will the inevitable new green world have on the SP?