Phaunos Timber (Ordinary Share) PTF

Sector Specialist: Forestry & Timber

Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Add to Virtual Portfolio | Print page

Estimated NAV (p)

1.00

Share Price (p)

0.38

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Phaunos Timber (Ordinary Share) Price -44.05%
Phaunos Timber (Ordinary Share) NAV -36.15%
FTSE World 55.74%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 0.4p -47.9% 1.00p 1.00p
30 Jun
100%

Discrete performance % over

Fund / BenchmarkJan '12
Dec '12
Jan '13
Dec '13
Jan '14
Dec '14
Phaunos Timber (Ordinary Share) Price-13.69-12.41-25.98
Phaunos Timber (Ordinary Share) NAV-12.57-12.58-16.45
FTSE World15.7419.5412.57

Discrete performance over

Discrete Performance

Top 10 Holdings

MATARIKI FORESTRY GROUP 24.07%
Green Resources Asa, Oslo 19.08%
MATA MINEIRA INVESTIMENTOS FLORESTAIS LT 16.37%
Eucateca 11.46%
Aurora Forestal 8.18%
GreenWood Tree Farm Fund 7.41%
Pradera Roja 5.44%
Green China Forestry 1.87%
NTP 0.48%

Sectors weighting

Timber 98.00%
Net Current Assets 2.00%
  • Investment trust info:

  • Sector Sector Specialist: Forestry & Timber
  • Launch Date 20 Dec 2006
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 0.38
  • Share Type Ordinary Share
  • TIDM PTF
  • ISIN GG00B1G3RS66
  • Shares Issued (M) 567
  • Market Capital (£M) 134.20
  • Gross Assets (£M) 257.69
  • Net Assets (£M) 257.69
  • TER (%) 1.99
  • Last AGM 26 Jun 2014
  • Next AGM 26 Jun 2015
  • Last Annual Report Date 01 May 2014
  • Next due Report Date 31 Dec 2014
  • Next due Report Type A/R
  • Objective:

  • To achieve long term total return appreciation with income through a diversified portfolio of timberland and timberland related investments.
  • Management Group(s):

  • FourWinds Capital Management
  • Phaunos Boston, Inc
  • Managed by:

  • Team Managed Start: 02 Dec 2013
  • Management Contract & Fees:

    The Manager is entitled to receive a base fee together with reimbursement of reasonable expenses incurred by it in the performance of its duties. The base fee will be equal to 0.375% per quarter of the NAV of the Company, calculated quarterly and payable in advance, using an implied straight-line increase in NAV of 10% per annum on a basis which increases 2.5% per quarter. In addition, the Investment Manager is entitled to a performance fee if the net asset value per share at the end of each Performance Period exceeds the Performance Hurdle for such financial period as defined in the Company's prospectus. The Investment Management Agreement may be terminated by either party on three years notice, such notice not being given prior to the seventh anniversary of the agreement.