Cambium Global Timberland Ltd - plantation forest owner - Net asset value per share in year to April 30 falls 45% to 10.4 pence from 18.8p. "The group started the period owning plantation assets in Brazil only, and cash balances at bank. The Brazil assets comprised one plantation, 3R, in Tocantins State, and three, Agua Santa, Ribeirao do Gado and Forquilha, in Minas Gerais State. Fortunately, the demand for wood has not been materially impacted by the pandemic so progress has been possible, although of course Cambium has faced hold-ups with third parties along the way due to the effect lockdowns have had on getting things done," Cambium said.
Current stock price: 5.50p
Year-to-date change: down 56%
By Eric Cunha; ericcunha@alliancenews.com
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