Member Info for Samthespaniel

The writer JZchat's logic is flawed. If the loan that was recalled is replaced by a loan of a similar size the repayment of the new loan is bound to be at a higher rate, but repayment rate is unlikely to cripple WOODBOIS if their claims about increased production in 2023 are true. It will increase overheads. The SP is likely to rebound close to 1p. The lease option is sensible.

I cannot believe that they would float more shares at 0.37p. However, everyone has to make their own mind up.

This site is inhabited by the optimistic and the pessimistic, and trolls. The history of the company is to add to the share base to develop the business including the purchase of land for the future and a second production line. They have lived on the edge for the past year and share price has not been helped by misleading statements in the press about carbon credits - which are unlikely to materialise for many years. Holders of large tranches of shares have been selling for many months leading to various speculative opinions as to why. The loss of a lender of £6m has cause the share price to drop a further 1/3. The company have a further month to replace that loan. On the bright side the company should be producing timber and veneer at full capacity whilst finalising the carbon credits agreement.
One could assume that the share price will return to 1p+ when re-financing is in place (if re-financing takes place) and continue to climb.
At the moment the company are keeping their cards close to their chest which is giving rise to much negative speculation, so this share is very speculative and as has already been said,"not for widows and orphans". Those who have followed the price down and on an average buying price of 1p are hoping for good news whilst there are many who appear to be speculating at prices around 0.35p. That could be a good punt or not.

This stock must now be owned principally by the smaller shareholders other than the BoD and some others. In view of the lack of information (like how trading is going since the bad weather) why are all the smaller shareholders not asking the regulator to verify all the claims made in recent company statements and verifying whether or not there is insider trading taking place. The late trade of 23m shares (was it a buy or a sell) also needs to be clarified

What is going on here? Buy or sell?
27-Apr-23 17:07:40 0.41 23,000,000 Unknown* 0.39 0.43 94.30k

Helpful view of the situation. Tx.

The RNS's give a suitable explanation of the situation. The Q1 shortfall in production was due to abnormal weather. They sensibly brought forward work on the plant. They are continuing to shift stock and are producing using their financial resources. They are seeking alternative financing. I find that a plausible explanation.
That the company has had to add to the share base to get to the position where they are now they are with increasing production capacity, and the carbon credit situation improving, is understandable. They reject Sydbank's reason for withdrawing but have been given 5 weeks to find alternative finance. That is a fair deal.
There are clearly people on this chat who are playing games rather than offering sound logic. I will be keeping my shares as it appears that the company has a future.

People mopping up yesterdays massive sells. The MM's are bound to mark down the stock whilst they know that big sellers are still out there.

The basics for the company are positive. A good trading year expected according to the latest report. Too many have tried to make a quick buck and got burnt. Now perhaps the small investors can see the SP begin to climb.
I'm in for another £1,000 today at 0.4p

This is from latest report:-
The shut-down planned for later in 2023 to allow for implementation of re-ordering of work-flows and processes was brought forward to February-March since abnormal weather conditions were causing supply chain disruption between forest and sawmill. The significant increase in production volumes during 2022 had put pressure on warehouse storage space and the down-time was also used to reduce inventory and free up space.

The rest of the year should be profitable. Providing WBI can find a body to refinance it the future could be rosy but it is a gamble.

5m sold, 10m bought.

What is wrong with building a business on cheap money from shareholders? It happens all the time. That is history for WBI.
It is now that matters. Shareholders have to take a view as to whether there may be more dilution or whether the corner has been turned. The volume of buys compared with sells suggests that it has in the opinion of buyers.

Q4 2022 and Q1 2023 says all you need to know. History s irrelevant. This company is increasing production and profits. For the shareholders there is a strong possibility of their shares steadily rising, hopefully for those who bought above 1p they can recoup all of their losses in the next year or two.

Q1 update in 2022 was 19 April 2022. I assume that this year it will be 18 April 2023. Should know more then

Look at the financial fundamentals from FY2021 and the report for Q3 last year. All on this website. The CEO still appears to hold a substantial number of shares. The accounts for 2022 should be moving in the right direction, as was the uptick yesterday. Large purchases appear to exceed large sells. The corner could have been turned on the price of shares.
All those investors who kept the faith should now be rewarded over the coming year. The latest information on the carbon credit situation may help if they have got close to accreditation.

Topped up my ISA with another £475 worth. Roll on 6 April to pump some into the 2023/24 ISA.

What is an internet troll?
An internet troll is someone who makes intentionally inflammatory, rude, or upsetting statements online to elicit strong emotional responses in people or to steer the conversation off-topic. They can come in many forms. Most trolls do this for their own amusement, but other forms of trolling are done to push a specific agenda.

Some on this platform.

What is amazing are the number of sells of tiny packets of shares. Why waste the trading money -- with WBI sales about to be announced.
The sales of large packets are more interesting. Presumably people still unloading through necessity in 1/2m dollops now instead of 1m. The basic trading figures for WBI, as explained more than once by sensible contributors rather than trolls, say - wait for WBI to report.

PS The group that bought 250m shares for £3m to bolster (underpin) WBI will be expecting a nice return when the share price jumps. They will be well aware of who is selling and why. For a horse breeder like myself I would prefer that bet than lumping £3m on a breeding mare at Tattersalls mare sale.

Takes no account of this particular situation. Sensible people on this platform have pointed out the strength of the company's production and we will soon know the bottom line. I am buying more tomorrow.

Thanks Artji for the helpful resume.

It would be interesting to know why they got in and at what price? Were they gulled by the talk of carbon credits, but then realised they were being talked up by naughty tipsters. The opening price was 14.75p in 2017. It has been rapidly downhill to 5p then brief flurries upwards. Did people not do their due diligence and are bailing out with least loss.