New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Market cap is less than US$10m (UK£2.23m market cap, or US$2.96m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Board Change • Apr 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Clive Charles Roberts is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Market cap is less than US$10m (UK£6.58m market cap, or US$8.03m). Announcement • Jan 09
Woodbois Limited Announces Appointment of Lucas Kanme as CEO Woodbois appointed Lucas Kanme as CEO with immediate effect. It is intended that Mr. Kanme will join the board in due course,subject to approval from the Company's Nominated Adviser after the customary director due diligence process. Mr. Kanme has a 35-year business career which has included executive roles in the private equity and IT sales industries. He began on the AEX futures market, where he trained and worked as a trader, developing a profound understanding of financial markets while managing personal investment portfolios. Transitioning into private equity, Lucas held senior positions with Canadian firms, focusing on the small-cap market. He provided strategic advisory services, leveraging his financial expertise to drive growth, optimize investments, and support business transformations. New Risk • Nov 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.83m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (UK£7.83m market cap, or US$9.92m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Nov 19
Woodbois Limited has completed a Follow-on Equity Offering in the amount of £1 million. Woodbois Limited has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 476,190,476
Price\Range: £0.0021 Announcement • Nov 11
Woodbois Limited Announces Board Appointments Woodbois Limited welcomed Paul Shackleton and Clive Roberts as new independent Non-Executive Directors. Both bring a wealth of capital markets and regulatory experience that will assist the Board to deliver shareholder value. The new Independent Directors' initial focus will be on Corporate Governance and engagement with stakeholders, allowing the Executives to concentrate on restarting the core business in Gabon and to develop carbon credit income in the medium term. Paul Shackleton is an experienced London based corporate finance adviser who, since 1996, has specialised in both domestic and international AIM traded companies, including advising companies in the role of a Nominated Adviser. He brings a wealth of knowledge and experience, particularly in transactions, fund raising, Corporate Governance and Regulation. He is currently a Non-Executive Director of Rurelec Plc and GCM Resources PLC. Clive Roberts, with over four decades of experience in the financial sector, has developed a robust background in stock market trading, portfolio management, and corporate advisory. Beginning his career as a Stock Market Dealer at De Zoete and Bevan, he honed his trading skills and built a solid foundation in market operations. He then joined ABN AMRO Hoare Govett, where he spent over two decades, advancing from Trader to a Board Member in the Equity Division. His tenure there was marked by significant contributions to trading strategies and equity management. Subsequently, he became a Partner at Exane, leveraging his expertise to drive business growth. Since 2010, he has successfully managed his own investment portfolio and provided strategic advisory services to numerous private companies, demonstrating his enduring commitment and versatility in the financial industry. Announcement • Oct 10
Woodbois Limited Announces Termination of Adriaan Roecoert as Director Woodbois Limited announced that, effective 9 October 2024, Mr. Adriaan Roecoert has vacated his position as a director of the Company. Reported Earnings • Oct 02
First half 2024 earnings released: EPS: US$0 (vs US$0.001 loss in 1H 2023) First half 2024 results: EPS: US$0 (improved from US$0.001 loss in 1H 2023). Net income: US$40.0k (up US$3.40m from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 56% per year. Announcement • Oct 02
Woodbois Limited Appoints Adriaan Roecoert as Non-Executive Chair Woodbois Limited announced the appointment of Mr. Adriaan Roecoert as Non-Executive Chair of the Company, effective immediately. Mr. Roecoert, who previously served as a Non-Executive Director (as announced on 27th June 2024), brings extensive expertise in international mergers and acquisitions. His experience is expected to significantly contribute to Woodbois' ongoing growth and strategic expansion. New Risk • Aug 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.1m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£15.2m market cap, or US$20.0m). Reported Earnings • Jun 30
Full year 2023 earnings released: US$0.002 loss per share (vs US$0.045 loss in FY 2022) Full year 2023 results: US$0.002 loss per share (improved from US$0.045 loss in FY 2022). Net loss: US$8.13m (loss narrowed 93% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 54% per year, which means it has not declined as severely as earnings. Announcement • Jun 13
Woodbois Limited Announces Board Resignation Woodbois Limited announced that January 2024, Carnel Geddes (CFO) and Graeme Thomson (INED) have decided that after 7- and 5-years' service respectively and for personal reasons, they do not wish to offer themselves for re-election at the 2024 AGM and will accordingly step-down as Directors by then. Woodbois is fortunate that they have agreed to remain involved and available for a short period to help with handover matters. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£26.2m market cap, or US$32.7m). New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£27.2m market cap, or US$34.1m). Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Senior Independent Non-Executive Director Graeme Thomson was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
Woodbois Limited Announces Change of Executive Chair Woodbois Limited announce the following changes to enhance its future development. As a result of the organisational review previously announced it has become clear that theCompany needs a full-timeExecutiveChair if it is to achieve the demanding plans it is developing. Guido Theuns, who was appointed to the Board on 4 December 2023, has been invited and has accepted this role with immediate effect. He has extensive African and financial reorganisation experience. Graeme Thomson, outgoing Chair, will reduce the time he devotes to the Company owing to his expanding other interests but has agreed to remain as Senior Independent Non-Executive Director. Announcement • Dec 04
Woodbois Limited Appoints Guido Theuns to the Role of Independent Non-Executive Director Woodbois Limited announced the appointment of Guido Theuns to the role of Independent Non-Executive Director with immediate effect. Guido has a wide range of international business experience gained over 40 years, in particular in investor communications, governmental and commercial negotiations, risk management, IT and investment fund and family office structuring. He is a Dutch national living in France and holds both a B.Sc and B.Ed degrees. Guido will be a Member of the Audit, Remuneration and Nominations Committees. Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Graeme Thomson was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (UK£23.0m market cap, or US$27.9m). Reported Earnings • Oct 02
First half 2023 earnings released: US$0.001 loss per share (vs US$0 in 1H 2022) First half 2023 results: US$0.001 loss per share (further deteriorated from US$0 in 1H 2022). Revenue: US$4.85m (down 57% from 1H 2022). Net loss: US$3.36m (loss widened US$2.83m from 1H 2022). Revenue is forecast to grow 54% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (UK£15.2m market cap, or US$18.5m). Reported Earnings • Jun 11
Full year 2022 earnings released: US$0.045 loss per share (vs US$0.037 profit in FY 2021) Full year 2022 results: US$0.045 loss per share (down from US$0.037 profit in FY 2021). Revenue: US$23.1m (up 32% from FY 2021). Net loss: US$111.2m (down 223% from profit in FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Announcement • May 31
Woodbois Limited, Annual General Meeting, Jun 16, 2023 Woodbois Limited, Annual General Meeting, Jun 16, 2023, at 10:00 Coordinated Universal Time. Location: Dixcart House, Sir William Place Peter Port, Guernsey, GY1 1GX Guernsey United Kingdom Agenda: To consider and to reduce the nominal value of the ordinary shares. Price Target Changed • Jan 13
Price target decreased to UK£0.06 Down from UK£0.07, the current price target is provided by 1 analyst. New target price is 269% above last closing price of UK£0.016. Stock is down 60% over the past year. The company posted earnings per share of US$0.037 last year. Price Target Changed • Nov 16
Price target increased to UK£0.07 Up from UK£0.06, the current price target is provided by 1 analyst. New target price is 194% above last closing price of UK£0.024. Stock is down 48% over the past year. The company posted earnings per share of US$0.037 last year. Announcement • Oct 17
Woodbois Limited Announces Resignation of Non-Independent Non-Executive Directors Woodbois Limited announced that after approaching four years as a Non-Independent Non-Executive Director and owing to his growing other work commitments at the Company's second large shareholder, Lombard Odier, Henry Turcan on October 17, 2022 standing down from the Board. His energy and guidance have helped to transform the financial health of the Company, its performance and its governance. The Company will appoint a further Independent Non-Executive in due course. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$934.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 59%, compared to a 5.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 12
Price target increased to UK£0.07 Up from UK£0.06, the current price target is provided by 1 analyst. New target price is 37% above last closing price of UK£0.051. Stock is up 20% over the past year. The company posted earnings per share of US$0.037 last year. Announcement • May 12
Woodbois Limited, Annual General Meeting, Jun 08, 2022 Woodbois Limited, Annual General Meeting, Jun 08, 2022, at 10:00 Coordinated Universal Time. Location: the Company's registered office, Dixcart House, Sir William Plac Guernsey United Kingdom Price Target Changed • Apr 27
Price target decreased to UK£0.06 Down from UK£0.07, the current price target is provided by 1 analyst. New target price is 11% above last closing price of UK£0.054. Stock is down 22% over the past year. The company posted earnings per share of US$0.037 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Rothschild was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Woodbois Limited Announces Management Changes Woodbois Limited announced a management reorganisation to better effect its growth objectives. Paul Dolan, currently Executive Chair, steps down from that role and has resumed the role of full-time Chief Executive Officer ("CEO"). Federico Tonetti, former CEO, will shortly be leaving the Company. Graeme Thomson, who has been a Non-Executive Director since 2020, has been appointed as Non-Executive Chair. The Group has also introduced a new senior role, Gabon Country COO, to oversee enhanced processes, oversight and day-to-day functions at its primary operations: Olivier Normand, currently Head of Performance Management, who joined the Group in January 2021, has been appointed to this key role, reporting to Hadi Ghossein, Deputy Chair and Head of Gabon Operations. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: US$0.037 (vs US$0.005 loss in FY 2020) Full year 2021 results: EPS: US$0.037 (up from US$0.005 loss in FY 2020). Revenue: US$17.5m (up 14% from FY 2020). Net income: US$90.1m (up US$96.5m from FY 2020). Over the next year, revenue is forecast to grow 56%, compared to a 3.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jan 14
Woodbois Limited Provides Production and Earnings Guidance for the Year 2022 Woodbois Limited provided production and earnings guidance for the year 2022. For the year, the company expects to increase production and profitability. Price Target Changed • Aug 17
Price target decreased to UK£0.07 Down from UK£0.08, the current price target is provided by 1 analyst. New target price is 41% above last closing price of UK£0.05. Stock is up 130% over the past year. Announcement • May 12
Woodbois Limited has completed a Follow-on Equity Offering in the amount of £6 million. Woodbois Limited has completed a Follow-on Equity Offering in the amount of £6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: £0.06
Transaction Features: Subsequent Direct Listing Reported Earnings • May 02
Full year 2020 earnings released: US$0.005 loss per share (vs US$0.004 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$15.3m (down 22% from FY 2019). Net loss: US$6.39m (loss widened 228% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Dec 03
Woodbois Limited Announces Executive Appointments Woodbois Limited announced that Rémy Cazeau has been appointed as Production Director, Gabon. Rémy has over 20 years' experience managing and optimising hardwood production facilities, including working in equatorial Africa. Rémy brings a deep understanding of the requirements of the construction industry and holds a Masters degree in Technical Innovation and Industrial Management. His appointment is anticipated to further unlock the operational leverage that has been built into the business from recent capex, as well as from the significant levels of new equipment that will come online during 2021. Jake Slocombe joins Woodbois' trading team as Head of Sales: UK and US. Jake has an impressive track record in digital advertising sales, and his application of new economy skills to drive growth will help maximise the potential of Woodbois' proprietary trading technology, developed over the last 18 months . Jake, who graduated with a First Class degree from Thomas University, Georgia US, will also spearhead Woodbois' entry into the US market. Remy and Jake will report into the current Gabon Country manager and the CEO respectively and are non-board positions. Additional personnel have been identified and the company expects to be able to announce further quality additions to the team for key roles in the near future. Announcement • Aug 24
Woodbois Limited to Report First Half, 2020 Results on Sep 02, 2020 Woodbois Limited announced that they will report first half, 2020 results on Sep 02, 2020 Announcement • Jul 18
Woodbois Limited has completed a Follow-on Equity Offering in the amount of £13.1 million. Woodbois Limited has completed a Follow-on Equity Offering in the amount of £13.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 655,000,000
Price\Range: £0.02
Transaction Features: Subsequent Direct Listing