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It's worth re-reading the BoD statement 4 years ago when they raised £24 millions at 6.5p. None of the targets have been met.

QUOTE - The net proceeds will be used primarily to fund acquisitions which the Directors believe have the potential to grow the business from its current position to achieve targeted annual revenues in the range of £90 million to £100 million in 2020 with an EBITDA margin of greater than 10 per cent. and to fund investment opportunities in the existing business
- The Directors have identified over 20 potential acquisition opportunities and have entered discussions with ten. All targets are intended to be accretive to earnings in the first full year following acquisition and cash generative.
- The Directors anticipate that the first acquisition will happen during the second half of this year and that the remainder of the net proceeds identified for acquisitions are expected to be deployed within 12 months following Admission.
- The Directors believe that the Fundraising will increase the Company's negotiating position with the owners of target businesses and reduce execution risk.
- The Fundraising, in conjunction with existing resources, will allow the Group to implement its intended acquisition programme and put it in a better position to generate Shareholder value. ENDQUOTE

But for all that, perhaps there's a possible share profit like Adastra and Dinoken have suggested from this low point. So, have bought in today at 3.54p

GLA

Long term, I've always thought SNG had the makings of what happened to 'google' initially but I believe we'll be bought out by big 'pharma' before that ever happens, even if we wanted to stay the course. I can see the BoD accepting a share buyout of £3.50

Why do you keep having conversations with LB ? Are you one and the same ?

Filtered.

LargeGin / Bakky - fair points to make. I know they've said quarter 3 and I know it's a new Board but my background is from when they were called Concepta and for all the greatness of that particular product, their turnover was only around £50,000 for the whole year 2019 and again for 2020.

Price to buy right now is 2.94p.

There's been some good points made as to the current weakness - not least that possibly MHC had reached a peak too soon and which was unsustainable. Clearly they must be shifting a good level of test kits, but the longer this goes on without publishing any meaningful figures - we are really in the dark. I could imagine that if the sp stabilises around this level, there might be a temptation by the BoD to raise additional funds - for no better reason than they can and to meet cash flow needs - as the last published figures for end 2020 showed their cash position was low. Income flowing in from the likes of Boots would be on delayed payment terms.

I think a cash raise would be supported by II's and I only say this because many companies have raised additional funds this year and it's a concern for me with MHC when we don't have sight of any trading figures yet.

Barnetpeter - I think your comments are way off the mark. Lumber prices have shot through the roof these past couple of years.

There was a quote in the Investors Chronicle only last week talking about commodities:
Quote: This 'everything rally' is already apparent to anyone in the middle of renovating their home, as suppliers from small hardware stores to British Steel limit orders. The Timber Trade Federation (TTF) has even started issuing frequent updates on the volume of timber making it into the UK and why builders can't get their hands on it.
"The already tight balance between supply and demand is already being made worse because there are insufficient heavy goods vehicles available to get the wood out of UK ports and into UK customers' yards," said TTF technical and trade manager Nick Boulton.

"As we enter July, sawmills and wood production facilities in Sweden and other European countries start to close for essential summer maintenance, and this will significantly reduce the available supply of structural wood for the UK."

Sweden provides over half of the UK's structural timber. But this isn't just a European issue.

Lumber prices are at record highs of almost $1,600 per 110,000 board feet (kb.ft). While a handful of commodities have hit record prices in the past year, lumber is much further ahead of its 2000-21 inflation-adjusted average price of $392 per kb.ft. Iron ore, for example, is double its average price over the same period and gold is 58 per cent ahead compared to lumber being 299 per cent over its 20-year average. EndQuote

Must admit aimof thegame6 - drop has surprised me.
Even so, I remain bullish about Woodbois - I can't imagine that they won't have achieved very good results this year - quite what we'll learn tomorrow, as it's not yet the full half year, I don't know.

Mind you, the AIM market has been generally poor all round these past few days.

Although I bought into the recent placing at 6p, I decided that with the AGM next week and WBI pushing their twitterfeed on Carbon credits, that could be a good time to top up.

So, added more shares today at 5.15p

LargeGin - yes and delayed trades making difficult to tell a Buy from a Sell. Could be someone knows something we don't ?

Buy price right now is 2.95p

Possible reason - 1.7 million shares sold early on in several tranches. In itself worth about £50,000 so not too significant. But for a share like MHC, which has yet to reveal any real numbers for current trading this year, could indeed be significant.

Thordon - I am sure you appreciate that simplywall.st analysis only skates lightly over the figures - but nevertheless you're right to highlight the debt concerns.

It makes me more and more convinced that it is a 'firesale' why Cartmell is proposing to dispose of the Marine engineering division.

Yes, it'll tidy up the deckchairs on the ship a bit more and allow them to focus instead on 'Consulting', but nevertheless that cash gives them more time to weather the trading storm the group has been in for a very long time.

Shandypants - I agree with your sentiments.

With every shareholder and their Aunt's dog looking to see the sp rise, it does seem unnerving to see that it has gyrated in a relatively smallish band for so long and worse, is at the moment near the bottom of that band. I recall an interview SoH did with Sharebuyers earlier this year. One particular question made me think - is this where SoH is going wrong - trying to do everything himself ?

QUESTION: What are the biggest headwinds you foresee to growth in the coming months?

ANSWER: We have more demand than capacity. We currently have over 100 ongoing partner discussions and a small team. Having more people to deal with growing demand is currently the greatest limitation on growth.

Stokey12 - thanks for note re Genkos - I see that following results, they've upped their 'Under Review' stance to Buy - based on price of 5.8p which was pre-results.

I find it very hard to justify their positiveness given they forecast as you rightly say negative outcomes right through to end 2022. I suppose at these low values any thing is possible with a bit of unexpected good news but there is the current poor cash position to take into account as well - another discounted placing coming ?

There had been some recent bullish tips on the twitterfeed leading up to TPG results - fast selling out would have contributed to the sharp decline.

I, also, sold out at too big a loss but at yesterday it was at 5p - now today it would have been 4p. So that was £12,500 I received yesterday, instead of today I would only have received £10,000. But even if I've saved £2,500 - I have actually lost half of my original investment of£25,000 -ie £12,500.

But what makes it worse, it's been tied up in a sort of manana, manana investment - always tomorrow Cartmell was going to sort it. He promised us at the last placing of 6p (2017 ?) the funds were needed for planned acquisitions, but this was not entirely accurate as looking back, we can see that these never materialised for very many months and even years. Really, we now can see that these funds were used to support lack of cashflow.

Along the way, over the long years I've been invested, we saw the sp trickle down remorselessly and yet the BoD paid themselves handsomely and for what achievements ? Very little as far as I can see.

Yes, stockmarket investments are risky, we know that, but it's only with hindsight you can see that shareholders in this particular Company have counted for nothing in the BoDs eyes - there's never been any mark of appreciation from this Board towards its shareholders. And the current results announcement - ask yourself how many go to the lengths they did this week with page after page which were simply full of such lengthy and meaningless platitudes and aspirations. The Company was hemorrhaging cash long before the Pandemic so please don't insult our intelligence and blame the current situation on that.

One would like to assume that at this low level the sp should recover - I notice today sharep*****ts have recommended this as a buy but then they can come in at only 4p - there could be a bounce if they do a good sale of the Marine Engineering division. However, some have argued on this BB, why get rid of something that's always been profit-making ? To my mind this is now a 'fire sale' as with the Bank line totally drawn down, they now have to sell it to support the poor cashflow in the other businesses. Their new and extensive Consultants want their monthly pay cheques and more to the point senior management and particularly Cartmell want their hefty salaries and pension contributions.

I may be totally wrong on how this pans out - LTH though will have all lost big-time, whereas latecomers to the scene could still make a useful turn - as is often the way with AIM. I suppose if I saw it fall further, I might want to come back in and try my luck but I have to say that in my mind, with the present BoD, I don't believe they are capable of really making a success of this long term any more - so grab your profits where you can.

Good luck all

SNG is usually first off the blocks with RNSs and so I'm not expecting one this morning. I concur with Saxondale's summation.

I do believe though that having seen Dr Mario Castro speak several times on the Kansas University site that his comments were an actuality albeit premature,

I have read through as best one can, rather than skimmed the lengthy report and came to the conclusion that this is a failed business. Despite my years as a LTH, I can't see any true positiveness. I suspect some of the good consultants they undoubtedly have will move on and which will be a body blow.

Cartmell lost it before the pandemic but I'd hoped to have recovered at least my 6p investment from the last big placing never mind my initial investment at 10p. I sold down much of my shares at a loss last year and now cleared it all this morning at 5p.

I know this is a simplistic statement but in my opinion, this cannot be blamed on the Pandemic. GLA

oops. . . one think - one thing

This RNS is a very disappointing one - the market reaction says it all really - it's one think saying to be calm but LTH have been badly bruised to put it mildly.

It follows on from the unexplained departure of Michael Hunt who would normally be taking us through financial figures shortly and will now not be there.

. . . in two weeks 23rd June at 11am - you can register for the Meet Company platform at:
https://www.investormeetcompany.com/woodbois-limited/register-investor

Questions can be forwarded via that platform up to 9am on the morning. There should be some good detail as to current trading as this new board has been very forthcoming these past months with up to date trading news - which will help push the shareprice back on an upward path.