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The guy had only been CEO for 4 months....
I'd say this is a positive as part of the bigger restructuring programme.
I'm just wondering when these changes will start to improve the share price though!
I personally see this as a positive
I disagree - seems like the shop being cleaned to me. New Chairman, perhaps new shareholders.
Seems like some structure being put in place.
This smells bad, why did the CEO go?
Https://youtu.be/w0ib_SEIJks?si=7djD97xtd-Sjg0IT
Woodbois AGM
Hopefully trading will get back to normal at the start of next week and we will see an improvement in the share price then.
I still think it was a very strange time for an AGM but thought the statements made were all very positive.
However the Q&A session really did contain one of the strangest questions asking when Woodbois will start paying dividends.
Crazy, absolutely crazy a business that very nearly collapsed being expected to pay dividends in a very short space of time.
We are years, more decades from ever receiving dividends and if any investor is in Woodbois for such I sincerely think you should invest elsewhere.
Just before Sydbank requested their money back Paul Dolan was suggesting that Woodbois would become a dividend payer although not giving a timescale. I do wonder if that sentiment affected Sydbanks decision.
Anyway, Happy New Year to all and let's continue this journey...
Well, there's been no improvement on the value of my shares since before the meeting!
Anyone know why??
Alliance News yesterday 29/12/23
Woodbois optimistic for 2024 after appointing Guido Theuns as chair - Woodbois Ltd on Friday said it had appointed a new chair amid efforts
NewsWoodbois optimistic for 2024 after appointing Guido Theuns as chair(Alliance News) - Woodbois Ltd on Friday said it had appointed a new chair amid efforts to ... reposition itself "as an attractive investment".
The Africa-focused forestry, timber trading and afforestation company has named Guido Theuns as executive chair, effective immediately. Theuns had joined the Woodbois board earlier in December as independent non-executive director. The company said that a full time chair is required "to achieve the demanding plans it is developing".
Guido said that his focus will be on ensuring that "the value inherent within Woodbois' assets is fully realised".
Outgoing Chair Graeme Thomson will stay on as senior independent non-executive director.
In an effort to enhance shareholder value, Woodbois will also engage in cost optimisation as well as maximising production through new team leadership and increasing shifts.
From Share News:
The group is also close to finalising a GBP3.5 million credit facility to permit third-party trading operations to restart. the line of credit has been agreed and final documentation is expected in January 2024.
Following engagement with stakeholders at Cop28, Woodbois is pursuing a "comprehensive business plan for carbon credits". In April, the group was awarded a 40-year lease for a carbon credit afforestation project in Gabon. The group said that the initiative "holds the potential to become a lucrative addition to our diversified business portfolio". Further governmental negotiations are expected to conclude in the first half of 2024.
The company estimates that its revenue will be around USD8 million for 2023, down from USD23.1 million in 2022.
However, the group said that "2024 will mark a positive and decisive turning point" and plans to release its 2023 fourth quarter update and outlook in late January 2024.
Woodbois shares closed up 3.7% at 0.98 pence each in London on Thursday afternoon.re News:-
A very positive meeting, I would expect to see quite a move in the right direction when this information given has been properly digested.
I was hoping for a boost in the share price after today's meeting.... I'm still waiting!
Was the meeting not as positive as we'd hoped?? I've not watched it yet!
Investors are piling in at 1p. For those of us who bought all the way down to 0.4 and kept the faith in the company there may now be a just reward.
Sounds very positive. Should be a good 2024. Happy to continue to hold
I am watching the AGM now and coupled with the RNS and whilst no fireworks the company focus and direction of travel is spot on.
- Focus on cost, trading and Carbon Credits
- $3.5 line of credit
- New Chair seems no nonsense
Tomorrow will be a interesting day,
Woodbois Hit p1.01p for the first time in a long time.
All those people selling today but the MM's are hoovering them up. And the share price to buy creeps up. Will people be regretting selling at NOON on 29 December?
Happy Christmas to all
Best looking share on the whole market
Come on Woodbois... you can do it.!!
Let's see a 1-2p SP plus!!
Merry Christmas ya-ll
0.93/98
atm
Well, that definitely looks positive.
Bound to happen. That is how a stockmarket works, and the smaller the company the more volatile the price. People sell to lock in a profit. In this stock there are the short-term gamblers and possibly many others who bought in at 2p and above but have bought again at 0.4p upwards and are now close to getting their money back if they wish to sell.
Did you notice this comment in the last RNS:-
The Company's carbon sequestration and trading division aims to generate voluntary carbon credits for corporate partners through the delivery of large-scale reforestation projects. The conditional lease announced today is its first project.
This company has survived its crisis in 2023, has a strong management team and new bankers, and is poised for a progressive 2024. The AGM in a few days time should be positive.
In my humble opinion the share price is a BUY at the moment and anyone who has hung on through the bad times should be rewarded in due course.
This sp seems to be dropping again!! What is going on?? Was hoping it'd be 1p plus by the end of the year!
When's the next meeting/announcement??