Indeed massive bullishness!! I'm in the 11th and 12th Plans and got a letter today that they are selling off these investments too and to expect cheques in the post "at the end of July". The letter is peppered with positivity as in the following: "we have accepted a strong offer"....." the strength of this offer is compelling"...."robust offer..." "shareholders returns have been securely locked in.." etc etc.Forestry Growth Plan (2006) and Third Forestry Growth Plan (2007) sales soon to be completed, with offers accepted for both plans. The letter is rather more bullish than any previous ones with talk of a rebound for high quality forestry assets so hopefully the ROI will be rather bigger than last time.
Got another two fund letters yesterday for 6th and 7th which is everything I have bar a single share in an early 30 year plan from the days you paid in pounds! Given what you've said maybe that letter is on its way as I type. Certainly sounds like they've got one major buyer for everything. As far as I'm concerned this has been "dead money" for many years now so I'll take whatever the return is and run to be honest.It looks like all the forests are been sold; I have shares in the 4th Irish Forestry Fund which date back to 1998.
I was hoping to stay the course a full 30 years, however it looks like it is a “done deal”, with language like “the directors have chosen to take advantage of a strong offer”.
It reminds to be seen what this “strong offer” is??
Any thoughts ?
I don’t know much about these types of investments. Don’t you hold shares and so have minority oppression arguments if you’re unhappy?I'm in 5th fund got letter today about the great opportunity that management accepted, buyer has insisted on non disclosure agreement..... Fairly shocking that this type of behaviour is seen as acceptable, I expect poor return with no recourse to justice. These guys are taking us for a final milking.
That's it, thanks .Think it's OK - do you mean the one here :
Have had it confirmed by email that the cheques are definitely in the post...... (since Friday).
This is slower than normal mail - but bulk mail is often slower to arrive, depending on how it's processed and paid for.