Post by
JayBanks on Apr 13, 2021 12:35pm
Just learned of this company on BNN
Just seen an interview with a manager of this company of BNN and did a quick overview look and like what I seen, but I also can't find other info I'd like.
It seems like there is no earnings picture at the moment, likely 3-6 months away unless someone else here has other info...
I also can't find a management plan other than looking to grow into a global producer and would like to reduce costs of production on the current facilities while looking at more strategic purchases. Sounds good, but I would also like to know if they are expecting to offer a dividend eventually once they gain cycle stability.
And finally they mentioned that to help fund the announced purchase that they will be doing a rights offering of 3 for 1 at $1.50, when does one have to be a shareholder as of to gain access to this rights offering? I haven't seen a date in the news release, does the prospectus need to be filed before they set an 'as of' date and a 'right redemption' date.
Any current shareholders or anyone who has this and more info, would love to hear from you. I personally am very interested in jumping in the forestry sector and Acadian Timber ADN was gonna be my play as Western Forest Products WEF seem to have had issues sustaining the dividend which it just reintroduced after a year suspension but at a reduced rate when the lumber cycle is way up, something doesn't seem right there. I could see me splitting my expected investment in some way between ADN and GFP for both growth and income at attractive prices and expectations...