Key Post Investment in Irish Forestry Funds

You are not privy to what monitoring of the situation over 20 years was done, because people who were shareholders are discussing in this in emails.
You can all email each other to your heart's content. I've been on here long enough to know that people having ideas of skulduggery may OR may not have a ring of truth. I'm merely here pointing out flaws in what is being 'vaguely' suggested. So that posters don't end up sending good money after bad. Which is why this article has a particular headline:


And so far I see nothing of note to suggest everything wasn't above board. Sure the returns that were 'predicted' didn't come true. Sure great returns were suggested at the beginning. What prospectus doesn't promise the sun moon and stars would be my view of it. I haven't heard one word about 'guaranteed' returns.
 
Above board you say...The issue is not the preformance here and not about guaranteed returns... Its not about that at all.

The question is why did the land value not increase at all basically in the 20 year funds??

Why does VEON still earn money from the assets?

Why did Deloitte introduce GHAM to the opportunity almost a year ago and then still audit the accounts?
 
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Above board you say...The issue is not the preformance here and not about guaranteed returns... Its not about that at all.
Really. From the IT article:

Key to the group’s concerns are the level of returns received.


Do you think they sold the land for a knock down value. If yes, what do you base that on. I know nothing about VEON but Deloitte are the big boys so you'd want to be careful taking those boys on unless you're very sure of what you're at.
 
I am not emailing anybody, some of the people who are have told me they started checking up within a year or two, I laughed at the whole thing from day one.
One thing that puzzles me is why Lar says this happened to him before.
If people want to fight this more luck to them.
 
Bronte, are you protesting too much? It seems you've made a number of points, many of which I agree with. But at this point perhaps you might acknowledge that if people want to question or resist what happened - even if the IFS/IFF/Veon people seem to have acted within the letter (if perhaps not the spirit) of their legal bounds - well good luck to them?
 
Look at the listing particulars, their representations and their assumptions about their forestry and then see what Deloitte has signed off you might worth ago. But you need to sign up a lot of people to fight with you and it would take a lot of time and money and if you have invested say 10k is it really worth it?
 
I prefer to deal in facts, figures and legalities. No issue with questioning things either. But so far I've seen nothing illegal or even underhand. I've even learnt a bit about forestry beetles. When Brexit happens and if it causes a recession the investors might be very glad they got their money back now. Nobody on here however is making that point.
 
Deloitte did their job. So what. Deloitte do not sign off on guarantees on investments which are based on assumptions. Every single investment is based on assumptions. Which is why people like me (severly risk adverse according to my bank) won't touch them. If even half the assumptions in the prospectus were true the whole country would have been growing trees.
 
f you take the 8000 acres and multiply by the current average prices for agri land it comes to around 7K per acre.(Not exact)

Not an unreasonable price.


I dont know if they averaged out the proceeds and if they did if they were entitled to do, however land with forestry on it for 21 years is worth less than land planted for any much shorter or longer time.

The premiums have expired, the thinnings are done, the time to harvest is getting shorter.
 
I thought it was called marginal land, in other words not the best agri land.
Good lord the 2018 chairman's letter was very positive the assets still going up demand etc, but he does mention Brexit.
 
I have seen that the return (via cheque) on the 8th IRISH FORESTRY FUND is twice that of the 6th fund, which I don't understand.

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Admin: apologies for previously posting in the other similarly-named forum.
 
 
Irishforestryactionclaim.com
We are growing faster than the trees!!!
Lar Sheeran


"We are begining an action against Veon Ltd. and others to recoup our loses and hold management responsible."

What losses?

Did you not make a profit of nearly 100%?
 
Irish Forestry Action Association Ltd., has been set up, Solicitor and Senior Council are engaged,
Things are starting to develop and funds are coming in to fund the action,
Join now and get a chance to recover your losses,
Lar Sheeran
 
Got a letter from the IFAA regarding possible legal action, regarding investments, looking for a pro rata contribution, bank details supplied, anyone in similar situation, is this a genuine effort or one of those west African style online heists. It was the lack of any personal details, photographs etc of the persons behind the IFAA that has made me query the correspondence plus the aforementioned bank details and style of english. Genuinely sorry if this is not the case.....