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Irish forestry investors in line for sale windfall

  • 20-05-2019 12:44pm
    #1
    lcwill
    Registered Users Posts: 259 ✭✭


    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


Comments

  • #2
    LionelNashe
    Registered Users Posts: 1,961 ✭✭✭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.


  • #3
    older i get better i was
    Registered Users Posts: 211 ✭✭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...


  • #4
    PCeeeee
    Registered Users Posts: 1,465 ✭✭✭PCeeeee


    older i get better i was wrote: »
    Prepare to be annoyed so...

    Have you definite info?


  • #5
    gordongekko
    Registered Users Posts: 5,301 ✭✭✭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


  • #6
    PCeeeee
    Registered Users Posts: 1,465 ✭✭✭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.


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  • #7
    tomgilboy
    Registered Users Posts: 19 ✭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 ????


  • #8
    PCeeeee
    Registered Users Posts: 1,465 ✭✭✭PCeeeee


    No word for me anyhow


  • #9
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    The cheques will be sent out August 16th.


  • #10
    PCeeeee
    Registered Users Posts: 1,465 ✭✭✭PCeeeee


    Harry Palmr wrote: »
    The cheques will be sent out August 16th.

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


  • #11
    lcwill
    Registered Users Posts: 259 ✭✭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


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  • #12
    tomgilboy
    Registered Users Posts: 19 ✭tomgilboy


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


  • #13
    lcwill
    Registered Users Posts: 259 ✭✭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


  • #14
    Chiefd
    Registered Users Posts: 4 ✭Chiefd


    What was the warning?


  • #15
    older i get better i was
    Registered Users Posts: 211 ✭✭older i get better i was


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


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