The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Didn't believe him then. Don't now!
This company has a history of late reports. See previous RNS's.
Gives the impression of being run on a shoestring. You have to be prepared to lose everything in this market. But you may get a pleasant surprise.
You should get your wish at the end of this week. The RNS of 8 February 2024 was very upbeat and said that the 2023 results should be available at the end of May. In my view it ought to be accompanied by a statement on several subjects mentioned in the RNS plus the loss of the road contract. The progress on carbon credits would be one subject that deserves a full update. Backers selling their shares should be another.
Many have been on this rollercoaster for some time and are forever optimistic that there is good news around the corner, whilst many people have come late and just play the market.
The end of May may shed some light.
What is going on here? Late massive trades yesterday together with an exceptional number of meaty buy trades - just before the promised statement on 2023 trading. What does somebody know that I do not!
Thank you 'Investingeyes' for this info. It appears that the sub-contractor to WOODBOIS has been asked to carry on the project for what appears to be a dirt road (at the moment) through the forest.
see here and tick english translation:-
https://gabonactu24.com/2024/05/17/revocation-de-woodbois-pour-defaut-de-performance-west-co-prend-les-commandes-du-projet-routier-dans-le-departement-logoulou/
This deserves an explanation from WOODBOIS CEO.
End of May promised report gets closer. Nearly 100% buys at end of play yesterday. This share appears to be a favourite for many gamblers.
This is the translation:- We give each other news..." and "WOODBOIS Gabon or the reasons for a stalemate" . If this is true, it
seems like a problem over a negotiation with the staff - about unpaid wages?
11 buys yesterday at about £25k each so its not clear why so many large buys - with the negative information from 'Gillor'.
Anyone know if the warrants are being cashed?
The RNS of 8 February 2024 said this:-
The Company expects to issue its audited 2023 results in May 2024.
The Board is confident that 2024 will mark a positive and decisive turning point for Woodbois, turning the Company into a reliable, cash generative and profitable business with a high-quality investor base.
Suggest you hold for a little while longer. I have always been positive about a 'light at the end of the tunnel' despite the problems that the board have had to deal with. I've bought constantly from 5.4p down to 0.4 and back to 0.6. I'm at 0.9p average. If the shares start to take off, as I hope in May/June 2024, the upside through 2024 will have justified the decision to stick with this company.
6m bought today by one person at 0.62p, which has turned the tide. At this price these shares look good value.
Couldn't resist another batch of shares at this price. No news is good news in my opinion.
Me too. But tempted to hang on a bit longer provided the Russian & Chinese threat in Africa does not grow.
Compared with the number of issued shares the amount traded is peanuts. Because there is no news people appear to be getting the 'willies' and the market makers are sucking up their shares at rock-bottom prices. How is your nerve?
1Q 2023 report was on 11 April 2023.
The shareholders deserve a report soon on 1Q 2024.
Lots of gamblers today.
This share peaked around 8p in 2020, 2021 & 2022. Seemed a reasonable punt as it usually recovered from dips so when I bought my first batch of shares in July 2022 at 5.54p, I added at 4.4p, 4.1p, 1.43p and 1.7p, then cursed when it dived below 1p.
However, I felt that it was able to recover as the CEO had faith in it and it was part of an ethical industry that met my environmental motives.
So, since 2023 I've added at 1.07p, 1.1p, 0.7p, 0.75p, 0.4p, 0.41p, 0.62p, 0.62p, 0.98p, 0.97p, 0.9p, 0.75p and this week 0.72p. Nearly recovered except for the initial investment.
I have faith that the next RNS will put that right.
Remember that 'no news is good news'. After the hiatus last year when there was bad news frequently, this relative silence from the CEO is quite unusual. Gamblers are betting on this share all the time. The trick is to buy on the lows and not lose your nerve. Lot of people doing that today.
MarketBeat shows WBI at GBX 3. The share has been a BUY for months but hardly moved. Some punters on a daily basis betting bits and pieces. The next news from MR THEUNS could be interesting. An update on trading performance overall in 2023 is bound to be dull but I hope to see better news for the past 3 months.
Quite heavy selling today but that has hardly moved the selling price. Are the MM's stocking up for the possibility of good news around the corner?
I've bought all the way down from 5.54p and currently average 0.93p. I can wait for the big bounce.
MM's hoping shareholders will get the willies and sell cheap.
Did you load up? Wait for the inevitable droop then load up again.