Forestry investment -- The Premier Irish Forestry Fund

8till8

Frequent Poster
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304
I invested in the Premier Irish Forestry Fund II in Oct-2000 when forestry funds were all the rage, does anyone know whatever happened to it?

The website www.piffs.com is still live so someones paying the bill and the accounts on the CRO are up to date, company no 317478 (even though its status is dissolved as of May-12..bit confusing). The other fund, THE PREMIER IRISH FORESTRY FUND PUBLIC LIMITED COMPANY is also still live on the CRO. Both companies are located at Mocklershill, Cashel Co Tipperary.

Any information appreciated.

(mod note; I created a seperate thread as the other forestry thread is related to an entirely different fund)
 

Kieran Branagan

New Member
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3
Hi Likewise I invested in the Premier Irish Forestry fund PLC in 1999 and have heard nothing since. Have recently send registered letters to the registered address and their now accountants but again no response. Contacted PWC who are happy to advise they ceased working for them some years ago and have no records. Left messages at the solicitors and await a reply. There is a facebook page of the same name but it is not well run or organised. My next step are to go to the Garda Fraud and the Office of Corporate enforcement. Please let me know if you wish to be involved. Kieran Branagan, Skerries
 

Palerider

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1,369
These investments were made twenty years ago, were there no updates in the interim, was this one of the 30 odd collective Irish forestry funds at the time, if so the shares could be valued along that time, twenty years is a lot of growth...for the trees.
 

Kieran Branagan

New Member
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3
As I said not a dickey bird since Oct 1999. I did invest in another fund - the Sixth Irish Forestry Fund at about the same time and received regular annual updates from them. In fact that fund is about to sell the assets and make a significant profit. I am looking for other shareholders in the Premier Irish Forestry Fund to join in class actions to recover our investments.
 

Palerider

Frequent Poster
Messages
1,369
As I said not a dickey bird since Oct 1999. I did invest in another fund - the Sixth Irish Forestry Fund at about the same time and received regular annual updates from them. In fact that fund is about to sell the assets and make a significant profit. I am looking for other shareholders in the Premier Irish Forestry Fund to join in class actions to recover our investments.
I don't think class action suits are recognised here in Ireland, you could pool resources and progress that way but bear in mind even if successful you need to ensure they can pay you and does that sound likely.
 

Kieran Branagan

New Member
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3
Hi 8till8
Solicitors - Oliver Ryan Purcell - reverted by redirecting my email yesterday to Paul Bowes - original director - at paul@piffs.com - no response so far. Do you know of other investors?
 
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