Member Info for Samthespaniel

The current value of shares is about £4m. The company have just taken in £3m in cash as working capital - a prudent move.
With lumber prices increasing (so I read), shipping costs dropping (so I read), fuel prices dropping weekly (my diesel down 4p today) and the government settling pay claims plus back pay which will give the public more spending money, the future is a lot brighter for WBI. I'm not an expert on the effect of the overhang of whatever shares are keeping the asking price down.
Neither am I an expert on the CC situation (if it happens the Gabon Government presumably has some call on the value).
However, this company will be maximising output with its two plants and costs are going down so I will not be selling my 84,000 shares yet

Even the Banks get it wrong! What with Insiders and dodgy tipsters the old adage of don't gamble more than you can afford is so prescient. Even my solid FTSE tracker has come unstuck temporarily.
Having bought all the way down from 5.5p I will stay in. The basics are right, but who knows whether there are more dirty tricks still to be played.

Which price do you want the shares to each Merlin?
On 29 December 2017 they were 14.75
On 19 March 2018 7.00
On On 29 Nov 2019 6.30
On 31 July 2020 2.25
On 30 April 2021 7.70
On 31 March 2022 3.65
On 29 April 2022 6.06
On 28 Feb 2023 1.48

Miles Pelham has been selling and is now below 3%
Has he made money or lost money?

QUOTE: individual savers and others 'genuinely thought that [Home REIT] was a vehicle that was going to deliver substantial social benefit'. He added: 'All of those people are now going to look at other attempts to fund specialist housing support and think twice.' Anyone else with a social conscience will be appalled at this company and the actions of the city slickers that surround it.

sell

Over 60million shares appear to have been sold yesterday. SP went up!
Any experts out there who can throw light on that conundrum?

Perhaps nearer 110m shares sold at prices from 1.5 upwards. 14.9% shareholding down to 9.8%. This appears a good investment for Lombard Odier (helped by the disgraceful misreporting of the carbon credits situation) which has been at the expense of many small investors who were were 'gulled'.
Perhaps the bottom has been reached?

In a previous post I seem to recall that someone rated the shares at 11p on the value of the assets. That figure depends on the value of the land that was acquired cheaply (so it is said). Its true value has possibly not increased. The annual profit is minimal and of virtually no value to shareholders as there are about 2.5Tn shares. There is continuous selling of large tranches. Would it be people with large holdings, acquired a long time ago at nil cost?
It appears to me that the small punters are propping up the share price for certain people to benefit.
The recent RNS suggests that the company is trading acceptably but the future wealth lies in growing trees for carbon offset. That could be a long wait.

Someone has just bought over 900k worth of shares (over 1m). What do they know?

Many big offloads recently but the SP is stable. I can wait!

BritishVolt was another case of mismanagement. UK government isn't helping by ploughing money into the Hi-Speed rail line to the north to save 20 mins on a journey and cannot fund a nurses' pay rise let alone thousands of charging points. The power of the oil companies also has to be reckoned with. The chancellor needs them to fund windmills all over England so went easy on them over a windfall tax.
My wife wonders how all the people in towns with cars sitting on the roadside will get their new battery-powered vehicles charged.
I can visualise a market for hybrids for years to come.

It was always a gamble. The 'clown' who suggested that there was 1000% to be made because of carbon credits (deliberately misleading?) affected the market considerably. I suspect that this tempted others. The only action that makes sense is to not sell and see if the market for timber and veneer picks up.

War in Ukraine has had an effect on interest rates. It is in our interests to support Ukraine whatever the temporary cost. As we come out of winter fuel prices will drop also. World economies will recover.

Patience

Must be shares hanging over the market. The recent statement was positive so I'm watching for big sellers to finish selling out before the SP starts to reflect the prospects for this company. Just bought another £250 worth.

Plenty of buyers - all blue today. Some fairly large purchases.

Thanks BradSmith for the post. These penny shares are a gamble. I bought AEGIS 20 years ago and got out with a nice profit but far too soon. This company has increased its sales and the price could rise as the new plant increases production. I am sitting tight but not expecting miracles.