Cambium Global Timberland Ltd. (TREE)

Sector:

Paper and Other Forestry Products

 6.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 12.65
  • 52 Week Low: 6.50
  • Currency: UK Pounds
  • Shares Issued: 73.73m
  • Volume: 0
  • Market Cap: £4.79m

Cambium Global Timberland to sell timber to Brazilian paper company

By Maryam Cockar

Date: Monday 07 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Cambium Global Timberland has agreed to sell all of the standing timber on its property in Tocantins state to Suzano Papel e Celulose, a Brazilian pulp and paper company.
This sale is part of planned realisation of all the AIM-listed company's assets.

The deal to sell the timber of the company's 3R property in the state of Tocantins in central Brazil is expected to generate an income equalling the current book value of the trees, before legal and financial advisory costs.

A deposit is payable within 15 days of the agreement which is expected to be about 20% of the total purchase price, which will be determined after a pre-harvest inventory in early 2017.

About 60% is due after the pre-harvest inventory and the balance before the end of 2017 once all the wood has been removed.

Shares in Cambium Global Timberland were up 13.48% to 7.09p at 0821 GMT.

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TREE Market Data

Currency UK Pounds
Share Price 6.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 12.65
52 Week Low 6.50
Volume 0
Shares Issued 73.73m
Market Cap £4.79m

TREE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.31% above the market average67.31% above the market average67.31% above the market average67.31% above the market average67.31% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
63.62% below the market average63.62% below the market average63.62% below the market average63.62% below the market average63.62% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth Not Available

TREE Dividends

  Latest Previous
  Final Final
Ex-Div n/a 10-Aug-11
Paid n/a 20-Oct-11
Amount 0.000p 3.00p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

TREE Key Personnel

Chair Antony (Tony) Gardner-Hillman

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