Member Info for Samthespaniel

This was an interesting piece from the RNS:-

The number of votes validly cast were in respect of 1,323,351,221 shares, representing 35.9% of the 3,685,850,726 ordinary share capital of the Company, being the total number of shares in issue with voting rights at 6.00pm on 28th December 2023.

I deduce from this that about 64.1% of the voting shares are held by the public who do not bother to vote. Possibly holding small packets of shares. It seems unsurprising that the SP is like a yo-yo as there are so many people taking punts on the shares on every piece of news, good or bad.

Punters galore this week - that's to be expected for this market. The statement due at the end of the month should reveal news on the financial state of the company.

Yet the SP dips!

Contrary to Birdman I have always been optimistic about this company. It has ridden out the storms, some pretty difficult, and always makes the right decisions. In view of the low 2022 income I can understand trimming the cost of the old CEO from overheads. The progress on carbon credits is helpful.

This is a 1p share gamble and it may pay off handsomely. But if it goes belly up I'm not over-invested. However, I'm holding my nerve with my fingers and legs crossed.

Old CEO not at all impressive on the day (see video). Was he healthy?

I agree with others that the restructuring is a positive move. This share price is not going to rocket for the moment. The report at the end of the month should be revealing, particularly how they are dealing with the huge drop in revenue in 2023. Is this more dilution round the corner?

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:-

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.

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?

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 will be an important milestone for long-term holders of this stock, who may get a glimpse of a rosy future. The recent announcement caused the SP to jump and people took profits, lowering the SP a tad. I made two more purchases. A 10% rise will put me in profit but I am unlikely to sell if the AGM confirms a positive future.

Interesting article in the FT! It probably caused the SP for Woodbois to jump last week as it showed that there was interest in carbon credit at COP 28.

Carbon credit schemes need to be genuine to attract buyers so it will be interesting to hear what the AGM has to offer. I have bought more shares.

I have stuck by this company since paying 4p per share and buying as it fell in price to 0.4p. The current round of profit-taking is expected. Well done to those people who got in at 0.4p-0.85p. I would expect the AGM on 29 December at 11am to be important, especially on Carbon Credits in view of the recent COP round, and that there will be interest in this stock up to that date. My recovery price is 1.1p and I'm expecting that to be well exceeded but as I have mentioned before, when the warrants are sold by the new investors there will be a bit hit on the price temporarily. Would they sell at 1p, 1.5p, 2p in this financial year and before a general election in 2024. It could be a snap election. Many imponderables to weigh up.

Totally my own hypothesis. To stick money into this company when it was in need of money the owners of warrants must have thought that it was a worthwhile company to invest in - but at a price which suited them. The number of warrants is interesting in that it could allow a takeover of the company (I believe) when it was thriving. Something in it for the existing shareholders (which includes some of the management team) and the cream for the big new investors. I could be way off beam but 2+2 = 4.

Selling will be easy under my scenario. MM's will want your shares at 0.7p to sell later at a much higher priice.

This from a previous RNS:-

Hugh Wade-Jones has subscribed through his investment vehicle CHCH Ventures, which will own 21.7% of the voting shares of Woodbois. He is the Founder of Enness Global, a leading debt-advisory business, and is also founder of Guernsey based private debt specialist Tenn Capital, a JV Partnership with US Hedge Fund Elliott Management, which offers specialised debt solutions for complex transactions.

John Scott has also subscribed and will own 10.85% of the voting shares.

Something could be going on - with the Market Makers (not the brokers).

They will be aware of the fact that Hugh Wade-Jones and John Scott can add a further 20% (approx) of the share capital through their warrants. At what point do these men have to make a bid for the company under company legislation because they own a certain % of the share capital? (35%?). Presumably they will be in close touch with the management of the company and can judge when to take up their warrants if they can see that the company will do well. Then make a bid for the remaining shares of company?

These guys are hard-nosed businessmen with experience in this field. They expect to make the real money. The remaining shareholders may get a good price for their shares - my best guess is perhaps triple your investment (3p).

All this is supposition of course but it may suggest why market makers do not want to sell shares at 0.7p when they may get well over that price if they hold on.

There has not been bad news since the coup in Gabon so we could presume that forestry operations have resumed and money is coming into the company for sales of timber and veneer. At the AGM I would expect a positive view for 2024 now that the new backers are in place. Presumably there will be an update on the carbon credit situation. On that basis I would expect the SP to keep on climbing, with some shareholders taking profits and others taking up those shares sold. The interesting situation is the number of warrants held by the new backers, which is 1200m, and redeemable at 1p. The current number of Ordinary shares is 4289m. Who is an expert in these matters and who can suggest when a warrant holder would exercise their right to redeem at 1p. Clearly the SP could drop 20% if all 1200m warrants were redeemed at the same time and the SP would drop to 0.8p if it was 1p at the time. However, would a warrant holder like to see the SP at 1.5p or above and a positive outcome for the company before giving up their warrants?

For those shareholders hoping that the SP goes above 1.2p to get their long-term expenditure back and get out, this could be an interesting time. But should they be selling at all if the future looks good?

People buying 5p of shares are muppets. People have been making money or losing money on this company for over a year by normal trading but is it the case at the moment that the big gains will be made by those who hold their shares for at least 1 year. The central african states could be subject to Russian or Chinese mal-influence after this time. Is the risk of holding on into 2025 too high?

Sorry

AGM not EGM

RNS re AGM today.

To attend the EGM (on ZOOM or TEAMS presumably) go here and register if not already registered.:-

https://www.investormeetcompany.com/woodbois-limited/register-investor

No.