Irish forestry investors in line for sale windfall

lcwill

I have a few shares in some of these forestry funds from a long time ago - had more or less written them off, especially after disappointing results from the sale of earlier funds.

It will be interesting to see what price they have managed to achieve.

I guess the fund managers had just had enough of the hassle. It seems like they have sold a whole load of the Irish forestry funds, some of which were 30 year funds, not due to mature for another 10 years.

https://m.independent.ie/business/irish/forestry-investors-in-line-for-sale-windfall-38124848.html

LionelNashe

I got a letter today. Will have to wait and see, I suppose, what the return is. I had never written it off in my head, but I had tempered my expectations. Will be annoyed if their definition of a ‘strong offer’ is just spin.

older i get better i was

LionelNashe wrote: »

I got a letter today. Will have to wait and see, I suppose, what the return is. I had never written it off in my head, but I had tempered my expectations. Will be annoyed if their definition of a ‘strong offer’ is just spin.

Prepare to be annoyed so...

PCeeeee

older i get better i was wrote: »

Prepare to be annoyed so...

Have you definite info?

gordongekko

PCeeeee wrote: »

Have you definite info?

I'd agree with the poster. I've a feeling we will be seriously let down when we compare the return to the original expectations. Most of the profit on forestry is the return once the forests have matured

PCeeeee

I don't disagree. Given the nature of the comms this far it sounds about right.

I was just wondering if he knew more than me.

tomgilboy

Has anyone heard anything further on this 'Sale' and proceeds being distributed ?

I thought we were to hear and receive payments in late July ..Was I wrong to presume July 2019 ????

PCeeeee

No word for me anyhow

Harry Palmr

The cheques will be sent out August 16th.

PCeeeee

Harry Palmr wrote: »

The cheques will be sent out August 16th.

Harry, do you mind me asking how you know this?

lcwill

There is another thread on this topic in the Forestry forum which is a bit more active than this one: https://touch.boards.ie/thread/2057982188/1

tomgilboy

Where is the thread gone about the Forestry Fund ???..there was 26 pages of discussion and it was active up to yesterday ?

lcwill

tomgilboy wrote: »

Where is the thread gone about the Forestry Fund ???..there was 26 pages of discussion and it was active up to yesterday ?

Very strange - warning from Veon lawyers?

Got my cheques today though

Chiefd

What was the warning?

older i get better i was

There's another thread on these funds live now..