RE: Share price16 Nov 2023 17:39
Telf
Thanks, no I didn't see that so nice one for pointing it out. Agreed, we know what they are doing and that naturally trees take time to grow, but all in all the management are performing incredibly poorly. The money now spent to acquire all of the forests and new plots is gone (or most of it) so at some point the fund will need to start earning, or it's nothing more than a jam tomorrow investment and as the UK stock market shows, tomorrow never comes for many.
I'll have a listen to that later, but for now, I would be more inclined to think the price 'might' flirt with the £100 million market capitalisation level so I'm holding off from putting cash back in here. I want it to do well because I like trees. I also like the prices that can be achieved for UK hardwood timber (some of the established forests can provide good quality building standard timber, so I would like to see a timescaled plan to monetise portions of what we already own).
A lot of self builders in the UK prefer timber framed houses and panelled houses. Good quality timber that doesn't have to be shipped from Germany, Denmark, Norway etc would be very welcome in the self build community, particularly if it's UK sourced. I would build a timber framed panelled house myself if I had the cash (and plot) but alas, the reddies aren't there just yet.
Thanks again for the link, I'll throw £500 in here at the end of the month, maybe an RNS will land saying we're now in the Christmas Tree business.
All the best