If you're talking about the RNS from the 21st December, then all it talks about is TREE needing Gyllenhammar's permission to buy back it's own shares for more than 12p, or to return more than £2m to shareholders, which equates to about 2.4p per share.
The interim results give a net asset value of 19.6p. By the time this company eventually winds itself up it's costs are going to eat away at that, so I think 20p per share is very optimistic.
I still also expect this company to delist at some point, and when/if it announces that, then the share price will probably fall significantly as small investors who don't want to hold shares in an unlisted company sell.
Was wondering what you are thinking here - my issue is that the cash drain from Brazil is eating their assets fast. The 2m in cash at Mar2017 will have gone now and the £2m or so from Hawaii will probably be kep to pay the next years costs (not sure if that was voted on at AGM). That leaves Brazil assets . Basically they are up against time (as the Brazilians running the forestry etc are using money fast) to sell and nobody to sell to - if they firesell cant see them getting much more than shown by the SP ?
Seen him active in UK before with TEG, where he built a similar stake. Hard to say how he did with that. They delisted and wound themselves up with nothing left for shareholders, but he'd also given them a loan or two, which if I remember correctly gave him first dibs on assets. So I assume he at least got something back.
Worry here is that since TREE are supposed to be winding themselves up, he may well push for them to delist as a way of saving significant costs. OK if you don't mind holding unlisted shares, but not an option considered by most small investors.
And I say, supposed to be winding themselves up, because I've seen virtually no disposals since they decided on that course of action. The positive is that Gyllenhammar might kick their a..es on that front at least.
Not invested here, prefer PTF, but watched them for many years.
I do my own personal valuations on what I can glean from company RNS .
Of course , there are bound to be discrepancies .
The 14p is a minimum valuation at present and may change over time , of course.
For me this stock is almost a no-brainer . Or oversold & changing trend .
I have added quite a few more to my portfolio.
14p valuation stands as a minimum .
Realisation is a painfully slow process .
But , I hope the sale of Brazil wood will mean a conclusive change of trend .This time.
Gos - after the valuation collapse not long ago will take some serious realisations before there is any confidence in the BOD - am a holder but small potatoes at present until I think they will get anything real done
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.