Company
Woodbois Ltd
LON:OBT
Woodbois Ltd is an African-focused forestry company, divided into three distinct, but highly complementary divisions comprising the production and supply of sustainable African hardwood products, the trading of hardwood and hardwood products, and a reforestation and carbon credit division. The company's forestry division has production facilities in Gabon and Mozambique, managing a total of c470,000 hectares of natural forest concessions.
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Woodbois rated as 'Speculative Buy' says Canaccord
The broker's analysts noted that Woodbois delivered another strong quarter, with revenue of $5.8mln up 29% year-on-year and a further improvement in gross margin
Woodbois sees record revenues and timber production
Revenue rose by 29% to a record US$5.8mln in the company's third quarter compared to a year earlier
Woodbois hails high ranking in SPOTT ESG transparency assessment
The forestry and timber trading company was ranked eight in the assessment
Woodbois on track for ‘strong’ full-year revenue and profitability growth
"We have achieved record levels of production, strong revenue growth, further improvement in both margin and EBITDAS, as well as a first maiden operating profit with a positive operating cash inflow,” said CEO Paul Dolan
Woodbois forecasts revenue and profits growth as volumes recover
The company said 2022 is "on track to deliver strong revenue and profit growth"
Woodbois enters 'proof of origin' partnership with World Forest ID
World Forest ID is building an extensive global library of reference samples, from various forest regions, for use in cross verification
Rising timber costs will lead to more furniture price rises
“We have never seen anything like this in terms of across-the-board price increases for materials,” said the British Furniture Manufacturers
Woodbois further increases profit margins and container shipments in first quarter
In a management reorganisation, executive chair Paul Dolan resumes his role as chief executive officer and Graeme Thomson is promoted to non-executive chair
Woodbois turns profitable; 2022 trading remains ahead of 2021
2021 was "another year of solid, demonstrable progress for the group"
Woodbois confident of ‘materially’ higher revenue and profit but shipping delays set to continue
The Africa-focused forestry company said growth will be lower than previously expected due to ongoing shipping delays and container disruptions
Woodbois joins the Circular Bioeconomy Alliance
The Africa-focused forestry and carbon credit company said the members of the alliance "share a common goal to move away from a traditional linear fossil-fuel based economy, towards a sustainable circular bioeconomy"
Woodbois attends COP26 in Glasgow as part of Government of Gabon envoy
"While the final outcome from COP26 currently remains in the balance, what has been clearly evident throughout the conference is the willingness of the private sector to mobilise capital for nature-based solutions in order to address global
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Woodbois appoints former LafargeHolcim and Compass director as chief executive
Paul Dolan will take the position of executive chair
Woodbois appoints David Rothschild as new non-executive director
Rothschild has a wide range of experience in growing businesses and improving their performance as a senior manager and adviser
Woodbois encouraged by growth in the Voluntary Carbon Market
Woodbois increased revenues over the previous quarter, despite the backdrop of continuing difficult conditions in the shipping sector
Woodbois Limited accepted as member of European Forest Institute
"We join a global network of frontrunners in forest management and research who share a common goal to substitute the existing linear fossil economy for a circular bioeconomy," said boss Paul Dolan
Woodbois turns a corner
"Turning the corner to become EBITDAS positive for the first time is highly encouraging and our primary goal is now to get the Group to a point where it is consistently operationally cash flow positive."
Woodbois increases its Gabon forestry interest by 75% in deal worth US$1.5mln
The new area is around 100 kilometres from the company's sawmilll
Woodbois on track to become cash flow positive and profitable this year
The group is eyeing a step-change in the pace of revenue growth and further margin improvement once the freight industry normalises
Woodbois again ranked highly for ESG among timber producers
100 timber and pulp companies, that together control over 44 million hectares of land, were assessed in the report.
Woodbois raises £6mln in oversubscribed funding as it seeks to bolster reforestation and carbon sequestration venture
“The raise will provide seed capital for our fledgling reforestation and carbon sequestration unit," said chief executive Paul Dolan
Woodbois acquires additional veneer equipment to boost production
The timber group said it has acquired the veneer lines from CEMA Bois De L'Atlas, one of Africa's largest plywood manufacturers
Soaring timber prices are just one more sign that inflation is on the way
Americans stuck at home are investing in their houses
Woodbois sharply cuts debts, notes business resilience despite pandemic
The forestry and timber group also said its outlook “has never been more attractive” and that it expects to become cashflow positive and deliver record turnover in the coming year
Woodbois hails record output from Gabon facilities amid upswing in demand
For the quarter ended March 31, the forestry and timber firm reported revenues of US$4.6mln, 44% higher than the previous quarter, while sawn timber production jumped 83% and veneer production increased 44%
Woodbois establishes new reforestation and carbon credit division
The forestry group said the new division will diversify the revenue stream of the business while also being “significantly [earnings] accretive” and expanding its hardwood asset base
Woodbois says Gabon facility running at record levels
The significant increase in output is largely due to "improved maintenance and working processes"
Woodbois highlights strong platform to build on in 2021
“We remain well-financed and our further strengthening of the operational team during Q4 and in 2021 means that we are well placed to capture the opportunities and build shareholder value," said chief executive Paul Dolan
Woodbois highlights continued operational progress as it strengthens production and trading teams
The Africa-focused timber firm said demand for sustainably produced hardwood has “started to rebound” and that its production division increased output in October and November by 41% over the previous quarter’s average
Woodbois says it is on track for full year as it cuts down debt
The Africa-focused forestry and timber firm said it has “significantly” reduced its debt to US$1.1mln from US$49.9mln, which in turn has cut interest charges by 50%
Woodbois sees cause for optimism due to uptick in summertime demand
Recent improved conditions both in Gabon and in the trading arena give cause for optimism, chief executive Paul Dolan said
Woodbois Ltd ranks third in ESG globally amongst peers
The SPOTT transparency assessments are run by the Zoological Society of London
Woodbois clears the decks with placing and debt restructuring
Woodbois is looking to pay dividends from 2021 onwards
Woodbois agrees outline for refinancing its operations
Woodbois wants to increase capacity at its veneer plant in Gabon
Woodbois says it is to recommence operations in Gabon
Despite falls in activity over April and May, the timber group said in the last two weeks enquiries and demand levels had started to return
Woodbois reports surge in full-year revenues as losses fall by half
Looking ahead, the timber firm said it is “well positioned to deliver higher levels of revenue and margins when global economic activity resumes post-coronavirus”
Woodbois reports double-digit revenue rise in first quarter revenue
The forestry firm also said production at its newly re-tooled sawmill in Gabon had increased by more than 100% over the previous quarter
Woodbois says has coronavirus contingency plans in place, but so far unaffected by outbreak
It added that its first priority was the safety and health of all of its employees and their families
Woodbois hails the restart of forestry operations in Mozambique after agreeing a deal with US firm
Future Earth II will fund, manage and operate the AIM-listed group’s concessions in the country to produce sawn lumber and veneers
Woodbois boosts 2020 efforts with cash flow enhancement deals
Important cash-management measures will allow the African timber company to enter the new decade in a stronger position, said chief executive Paul Dolan
Woodbois reports record revenues, completes sawmill retooling
Increased revenues were achieved without increasing administration expenses, with operating expenses decreasing roughly 20%
Woodbois higher as it inks offtake agreement for Liberian timber production
The agreement, which is expected to be formalised in January, will generate “material additional trading revenue” for the forestry firm
Woodbois converts subsidiary prefs to improve transparency
The timber company converted perpetual preference shares in its subsidiary, into convertible bonds to be redeemed in 2024
Woodbois aims for cash-flow positivity after cutting losses
The African timber producer and trader increased revenues and cut losses in the first half
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Proceeds are earmarked for immediate capex at its facilities in Gabon
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Obtala expects growth in the top-line to accelerate in 2019
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Obtala surges after cash injection
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Obtala reveals new financing and restructuring deals as it focuses on timber
The transactions lead to the "evolution of a dedicated and focussed timber production and trading business" and a more simple corporate structure
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Obtala to spin out agriculture arm and change name to WoodBois as it doubles down on timber
Obtala’s forestry and timber trading platform, through which it supplies forestry products to customers around the world, accounts for more than 98% of group revenues
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Obtala encouraged by trajectory of top line
Ninety containers of Obtala's sawn timber was shipped in the third quarter versus a quarterly average of 62 containers the first half of 2018
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Obtala revenues rise as Gabon sawmill operation ramps up
Sales in the six months to June were US$6.6mln, with a swing into a gross profit
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Obtala looking to apply a veneer of success
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Obtala raises timber production in second quarter
Output from its Gabon sawmill was 3,800 cubic metres with June’s average 30% higher than the first three months of the year
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Obtala reports step-change in 2017 results, with big jump in revenue following WoodBois acquisition
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Obtala to review its operations in Mozambique due to new timber export rules
The AIM-listed firm said under the ruling, the exploitation and collection of timber of pterocarpus tinctorius, swartzia madagascariensis (ironwood), combretum imberbe (mondzo) is forbidden
FTSE 100 closes higher as Wall Street surges; sterling eases
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
Obtala aims for sustainable profitability as it sets new production and sales records
The company has begun funding several opportunities and is expecting a rapid return on investment
Obtala reports sales and production records in quarterly update
The AIM-listed agriculture and forestry company reported US$8mln in contracted sales for the first quarter of 2018, higher than any previous figure, in addition to 3,600m3 of export grade timber production