Hints and tips:
...Timber company China Forestry raised $216m from its IPO, according to Dealogic....
...UBS and StanChart sponsored the IPO of China Forestry in 2009, a timber company that has since been delisted for fraudulent accounting activities and put into liquidation....
...Metcash, another ASX-listed supermarket and retail operator, announced during the day it had bought Woolworths’ Home Timber & Hardware Group business for a headline price of A$165m....
...(FT) Sustainable banking Standard Chartered has signed up to an industry agreement covering the palm oil, soy and timber industries, which commits the bank to avoid groups causing permanent deforestation...
...managed timber fund....
...IndiGo, the Indian budget airline Spotify, the digital music service … Environment Goldwind, the Chinese wind power equipment maker Husk Power Systems, the Indian electricity generator Helveta, the UK timber-tracking...
...Referring to its high valuation and habit of not disclosing detailed sales data, Mr Gillis said: “You’re going to pay a premium and you don’t know how many Kindles they sold?”...
...But investors have been paying particular attention to China-based companies since June, when Muddy Waters, a research firm founded by shortseller Carson Block, accused the Chinese timber firm Sino Forest...
...American depository receipts of Sino-Forest, the Canada-based Chinese timber group, fell another 28.9 per cent to $1.97 after Paulson & Co, the hedge fund, said it had sold its position in the company....
...Mr Gillis will work his six-month notice period and hopes his next job will be another turnround situation....
...● FIM is aiming to raise capital for its Sustainable Timber and Energy fund, which already has £22m of assets....
...Morgan Gillis, LiMo’s executive director, wouldn’t confirm the loss of Motorola, but he did point out that most mobile companies have already narrowed their support to only one – or at most two – of the...
...● Pictet’s new timber fund addresses the problem of illiquidity by investing in listed stocks with a focus on companies that own and/or manage forests and timberland....
...The participants have spanned the spectrum of asset management, including emerging markets, equities, currencies, property, timber and wealth management specialists....
...Among other flotations that have been pulled in the past three months was another large Russian company, Russian Timber Group, which had been planning to raise £100m on Aim....
...amassed $403bn of assets, thanks to a range encompassing almost everything from plain vanilla equity funds to innovative products tracking listed private equity, infrastructure, clean energy, water and timber...
...Weyerhaeuser , the timber company, jumped 8.1 per cent to $73.85, after a shareholder said that the shares could hit $100 if it became a Reit and sold assets....
...Shares in Finnish paper manufacturers fell after costs increased because of soaring timber prices....
...Stora Enso fell 3 per cent to €13.12 as the world’s biggest paper manufacturer blamed rising costs on the high price of timber....
...Timber company Weyerhaeuser rose 5.2 per cent to $60.03, its best day since April, after a note from Deutsche Bank saying the group was open to restructuring pressure and potential unsolicited buyout bids...
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