Hi All,
Just received an email from Greenwood Management [a European Forestry Management company, incorporated in Denmark, with European offices in the heart of Porto, Portugal]
Returns quoted as follows:
Size 1 Hectare
Investment €12,250
Mgmt.Fees €2,700
Yr 3 Return (Gross) €850
Yr 6 Return (Gross) €2,700
Yr 9 Return (Gross) €52,300
Performance Fee 10% €4,090
Total Return (€Net) €51,760
Annualised Rate of Return (Net) 17% pa
http://gwm-tv.com/gwm-brochures/acacia/acacia-mangium-project.htm
I don't have a clue about forestry but returns look far too good to be true!
Anybody care to comment?
Just received an email from Greenwood Management [a European Forestry Management company, incorporated in Denmark, with European offices in the heart of Porto, Portugal]
Returns quoted as follows:
Size 1 Hectare
Investment €12,250
Mgmt.Fees €2,700
Yr 3 Return (Gross) €850
Yr 6 Return (Gross) €2,700
Yr 9 Return (Gross) €52,300
Performance Fee 10% €4,090
Total Return (€Net) €51,760
Annualised Rate of Return (Net) 17% pa
http://gwm-tv.com/gwm-brochures/acacia/acacia-mangium-project.htm
I don't have a clue about forestry but returns look far too good to be true!
Anybody care to comment?