viewWoodbois Limited

New-look Obtala expects better results in second half

A restructured and rebranded Obtala Ltd (LON:OBT) is looking to scale up operations throughout 2017.
The firm is focused on developing a focused agricultural and forestry business in Africa and has released its first half numbers to end June - a period which saw it sell off the last of its non-core ventures - the retail arm LCS - for US$100.
Miles Pelham,  the chairman, told Proactive's Sarah Lowther that the first half had been challenging and conceded the results were "not  stellar", not least due to that sale of the Lesotho retail  chain but also that traditionally the rainy season is not good for revenues in agriculture and forestry.
"It was a difficult time and certainly a time when we had to retrench and restructure and that has happened and I'm pleased to say we're in a much better place now so we should expect certainly significantly better results in the second half," he said.

Quick facts: Woodbois Limited


Price: 4.65 GBX

Market Cap: £86.35 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Market report: FTSE falls as northern England prepares for lockdown

FTSE 100 had a lukewarm start as Brexit remains a question mark while trade talks between the UK and the EU are still ongoing. London’s leading index opened 7 points higher at 5,953. Boris Johnson is expected to announce a lockdown on certain areas in northern England as of Monday. Pubs,...

on 8/10/20

2 min read