Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thats the biggest mystery to me (shorterm)...
if we get a PR today I say it states (at minimal hints at) the nature of this asset. In addition, we will get information of the IR firm in NYC. Thats just my guess (hopes more like).
Todd
O/T...that is my hope Gambler...
I wouldnt mind a pop even sooner. Going to Vegas next Wednesday and wouldnt mind parlaying on the Blackjack Table. But seriously, I am feeling good (with a tad of anxiousness), however, as I stated if i dont see followthrough in two months I will be worried. By the looks of it I may have probably cause to be worried even before a 2 month deadline. But I am trying to be reasonable here. I think many are demanding alot in terms of timelines. I have to put faith in the notion Steve has a plan, and he will do it on his timeframe, not to mention there are other parties involved. We all can't just snap our fingers and wallah!
Todd
O/T...like Cher...wont go away. LOL eom
Anxious people...
mostly are flippers. They want the push to flip for a few cents. Not that theres anything wrong with that. But I have seen some claimed longs here who have exhibited this impatient attitude, and it just makes me wonder what the true strategy is on their part. But I could be overguessing it....we all have money out on the table, and there comes with that fear of losing it a sense of anxiety. If you cant stand the heat, get out of the kitchen. Now my personal limitation is if I dont ee followthrough results on financials and some other details by end of October, I will worry and, in a salute to chipholder, I may pull my chips off the table (even if for a loss).
Todd
Good point.However most dont end in May, they end in June if it is indeed a midyear fiscal end of year. Maybe PWC runs a sale in May's. LOL another good business choice in saving money. :)
Todd
Its just strange...
in that it doesnt end on a March, June, Sept, Dec cycle. Not saying there is anything at all wrong with it. A year is a year. I dont think theres any other rule other than you can't put 15 months into a fiscal year. LOL It may be very well since its a family business per se that they have some reason of accounting, vacation, or some other irrelevant reason for any quarter not landing on the afformentioned 4 months. Relax all. It wasnt critcism or another conjectured conspiracy. Just an observation i felt needed commentary from my personal peanut gallery. I will try and hold in personal utterings. :)
Todd
It is a strange fiscal year to end in May, but in this case it is indeed June 1 to May 31. Check financials at the company website. eom
Gotta be a recently banned poster...
starting with the letter "D".
Todd
With all due respect...
shame on anyone for every making any assumption of fact without in turn asking them to provide the concrete evidence. And I did't interpret the information that was presented as fact. Nothing for once gave me that impression at all.
Todd
Regardless...
I have spoken on this matter here before. Why does everything people say here (and some more than others) turn into 100% fact? For once people, don't allow yourself to be suckered into either negative or positive speculative information, and don't extrapolate. All of these theories so quickly turn into fact and it turns into a snowball and everyone starts believing it. Proceed based on the facts, PR's, and other solid DD. There's nothing wrong with theories, I enjoy all of them and I weigh different sides of an issue to form my own opinion as I proceed with my investment. But boy...lemmings just jump and crack their skulls wide open upon impact. LOL
Todd
Noticed this too...
the panic sell that was on behalf of people that were more true longs on this company who are interested in fundamental strength. It just provided a vacuum for short term flippers to gobble up the shaken long shares that fell from the tree. As always, woulda coulda shoulda on my end. I am sitting down a nice chunk, but am confident it will rise back (however maybe more to around 40c and then sit for the speculative hurricane trading).
Todd
Well Steve did state...
they will let us know more details of the completed deal.
Todd
Feel your pain Mike! eom
i would have preferred this read HAS ACQUIRED.
Nonetheless good news. Finalization is more assurance to me.
Todd
http://www.pwc.com/extweb/ncpressrelease.nsf/docid/2045C8AC9F20A575852570DC00684799
U.S. West, B.C. Interior and Australian sawmills most profitable in forest industry, according to global benchmarking report
Print-friendly version
Email to a colleague
Global sawmilling costs continue to drop in most countries, while log costs vary widely
VANCOUVER, BC, December 14, 2005 — Sawmills on the West Coast of the United States are the most profitable in the world, with 2004 earnings1 at average mills2 almost three times greater than the overall global average earnings of USD 24/m3 (USD 45/Mbf – nominal count). Mills in Australia held the number two spot with earnings of USD 58/m3, followed by British Columbia’s Interior region sawmills at USD 55/m3 (almost USD 90/Mbf – nominal). The lowest ‘average sawmill’ earnings in 2004 occurred in European countries as well as parts of Russia where they ranged from around break-even to a high of USD 15/m3 in the Baltic States. These and other findings were released today in a lumber and sawnwood cost benchmarking report covering over 250 sawmills in 24 major forest products producing countries or regions of the world.
The Global Lumber/Sawnwood Cost Benchmarking Report—2004 Basis was researched and produced by International WOOD Markets Research Inc. (WOOD Markets), PricewaterhouseCoopers LLP (PwC), and the Beck Group (Beck). The authors analyzed and compared operational and financial data from sawmills in Canada, United States, Brazil, Chile, South Africa, Europe and Scandinavia, Russia, China, Australia and New Zealand. A similar survey was produced by WOOD Markets and PwC in 2003 based on 2002 industry cost data.
The average cost of logs delivered to mills, the largest component of sawmill cost structure, was USD 56/m3 (about USD 300/Mbf – Scribner scale) in 2004. The lowest delivered log costs at average mills in the regions surveyed were found in Russia at under USD 25/m3. By contrast, Finland reported the highest average delivered log cost at over USD 85/m3. In Canada, the Prairie region posted the lowest log costs, and the BC Coastal Region had the highest at over USD 60/m3. The US West Coast region, with the highest average sawmill earnings in the world, still reported one of the highest delivered log costs at over USD 75/m3.
Compared to ‘average mills’, top quartile sawmills in each region surveyed produced much lower total costs and higher earnings – a key attribute of the report is profiling the significant sawmill operating and financial differences.
“The U.S. West and B.C. Interior sawmills have been bright spots in the industry’s financial picture over the last couple of years,” said Craig Campbell, of PwC’s Global Forest and Paper Industry practice, and co-author of the report. “However, our report points to emerging threats from Russia, with the world’s lowest cost timber, and China, with the lowest sawmilling cost—where workers earn on average about USD 100 per month. Currently China produces only small volumes of lumber, but as they ramp up, it may be extremely tough for mills producing commodity lumber in other parts of the world to compete on price, especially in China’s own domestic market.”
The report found revenue from lumber was highest in Australia, one of the strongest markets over the last five years. The United States Inland West region and West Coast region, which have a more unique species mix, held the second and third spots in terms of lumber revenue, both in the USD 250/m3 range (USD 400/Mbf – nominal count). The lowest lumber revenue found by the report occurred in Siberia – achieving only half the results of the US West. The lower revenues were due, in part, to weak domestic prices and small volume of exports.
“Sawmills in B.C., Washington or Oregon, especially those running three shifts, are recording the largest annual lumber output, but European countries can boast both the largest two-shift capacity mills and the lowest operating costs in the world of the commodity sawmills surveyed” said Russ Taylor, Managing Director of WOOD Markets. “The European sawmilling process is also more flexible and can produce commodity or specialty orders of lumber in almost any size or length. In contrast, most North America mills surveyed are limited to producing 2-inch dimension lumber and continue to be pushed out of lucrative export markets such as Japan by more customer-focused European mills.”
Bill Mitchell, Vice President of Beck added: “This year’s report clearly shows how the competitive position of sawnwood lumber producers in several countries or regions changed between 2002 and 2004. This was particularly true for Western Europe, Australia, New Zealand and Canada. Much of this difference was due to significant changes in currency exchange rates relative to the U. S. dollar. This shift in competitiveness emphasizes the need for producers to continually focus on improving performance.”
Key Report findings include:
* The earnings1 for an average sawmill in the 24 regions surveyed was USD 24/m3 (USD 45/Mbf – nominal count).
* Sawmills in North America generally had a good year in 2004 in terms of operations, and benefited from the near-record high North American prices. While there are some regional differences, Canada’s sawmilling industry revenues are roughly on par with the global industry at or near the a global average of USD 209/m3 (USD 335/Mbf – nominal basis). With the exception of the B.C. Coast, the country’s delivered log costs remained below the global average of USD 56/m3. Again, with the exception of the B.C. Coast, Canada’s sawmills were among the most profitable in the report. The U.S. South, Inland West and West Coast regions all had revenues and earnings exceeding the global average. The average mill on U.S. West Coast posted the highest earnings in the report, at almost double the global average of USD 24/m3. The U.S. regions all reported higher than average delivered log costs.
* The growing demand for wood products in China drove an increase in imports of raw materials, production and exports of finished products. Most of the imports are logs and lower grade commodity wood products, and, in many cases, some of the finished goods (such as furniture) are re-exported back to the country of origin of the raw materials. While China has the lowest cost sawmills in the world, the scale of these operations is tiny. However, the number of sawmills in China is huge and growing, accounting for significant lumber production gains.
* The rate of construction of new European sawmills outstrips the rest of the world as incremental timber supplies are developed in the region. Greenfield sawmills using European technology are among the lowest cost sawmills in the world, especially when they are located in lower labour cost regions. At top quartile mills, all but one European country had lower sawmilling costs than the lowest cost regions in North America. However, higher log costs are becoming the Achilles heel in some European countries.
* Logging and sawmilling operations in Russia are gaining momentum. Russia enjoys the lowest cost of delivered logs at about one-half of the global average of USD 57/m3. There are many older, inefficient mills in Russia but the best new mills are led by Japanese joint-venture companies or are European-owned operations that are modernizing to be more competitive or to offer kiln dried and planed lumber to export markets.
Notes: 1. ‘Earnings’ is earnings before interest, taxes and depreciation allowance (EBITDA).
2. ‘Average mill’ refers to the average or typical mill surveyed in each country or region. ‘Top quartile’ mills have lower costs and even higher earnings and are also profiled in the report.
For more information on the Global Lumber/Sawnwood Cost Benchmarking Report—2004 Basis, or to arrange an interview with one of the co-authors to discuss the findings, please contact: Jim Nelson, PricewaterhouseCoopers LLP, at (604) 806 7047; Russell Taylor, International WOOD Market Research Inc, at: (604) 801 5996; or Bill Mitchell, The Beck Group, (503) 684 3406.
About International WOOD Markets Inc.
International WOOD Markets Group ( www.woodmarkets.com ) comprises both wood products industry, market and business consulting for clients (R.E. Taylor & Associates Ltd.) with data-base services and a variety of industry or market specific multi-client reports (International WOOD Markets Research Inc.). Strategic business assessments matching the timber resource to the global wood products market coupled with our feasibility analyses of timber processing options are trademark skills of the firm. Our ability to conduct in-the-field investigations coupled with our global network of contacts and comprehensive data-base delivers strategic results for clients looking to review or expand their domestic or global business.
About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 130,000 people in 148 countries work collaboratively using Connected Thinking to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its related entities have more than 4,300 partners and staff in offices across the country.
(Unless otherwise indicated, “PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, Canada, an Ontario limited liability partnership. PricewaterhouseCoopers LLP, Canada, is a member firm of PricewaterhouseCoopers International Limited.)
About The Beck Group
The Beck Group is an established, highly experienced forest products-based planning, consulting and benchmarking firm. Key personnel at Beck have extensive forest industry experience. The firm has assisted more than 150 forest products companies at more than 250 locations. While the company focuses primarily on the US, it also has significant international experience, including projects in Eastern and Western Canada, Finland, Chile, New Zealand, and South Africa.
Beck is an industry leader in Competitive Assessment (benchmarking) studies for the forest products industry. The company has completed numerous studies for various segments of the industry, including hardwood lumber, oriented-strand board (OSB), softwood lumber, plywood, particleboard, and medium density fiberboard (MDF).
# # #
"More details will be released after the closing papers are completed.". Its almost as if he is listening.
Todd
Yes great read. THANKS JDUB...
It sounded all too possibly familiar to what I have been experiencing here. The only thing that has me staying strong on this is the official PR. All this other "noise" is quite frankly a waste, nonethless entertaining. :)
Todd
I posted about this yesterday Josh...
It seems what at first starts as speculation here quickly deteriorates into the presumption of fact as people's emotions take over.
Todd
No, noone does that here! LOL eom
No, the problem is...
as I stated in my prior post, its stated the company is buying in the first part, and in Steve's quote, stating this whats his face is buying. Its a conflict which, not unlike some other blunders in previous PR's, raises doubts with investors. Sorry I didnt notice it myself, unlike the gentleman earlier today, whose post I might add went unresponded to. It seems people here want to sweep under the rug what they dont wanna know, or wanna believe in something else. That is why 30 minutes ago or so I decided to call IR (which got me all in a tizzy cuz of the foreign # which I lashed out on only to have pointed out the new IR firm being contracted will be here in the US).
Todd
Yeah sorry, I missed where. My Bad. eom :)
Note in the FIRST paragraph it is stated Wessal is purchasing. In the second, in Steve quotation, it states Wessal International President...is purchasing 25%...."
Todd
Sulja Bros. Building Supplies Ltd. -- Wessal International Is Purchasing 25% of Sulja Brothers
12:58 p.m. 08/08/2006 Provided By Market Wire
WINDSOR, ON, Aug 08, 2006 (MARKET WIRE via COMTEX) -- A Sulja Brothers Building Supplies (PINKSHEETS: SLJB) company spokesperson announced today that Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
CEO Steve Sulja stated: "Sulja Bros. initial business reach into the Middle Eastern market is attracting new investors. Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company. No more shares are being issued by Sulja Bros; therefore, Mr. Al-Muslmani has to buy in the open market. By law, this press release is the disclosure of Wessal International's offer and buying can commence in the open market immediately. We are very excited over the interest our company has received in the Middle East. Mr. Al-Muslmani has been watching our growth in large projects and stated his offer at the project closings in Germany. We warmly welcome Wessal International to the family of Sulja Bros. shareholders."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Copyright 2006 Market Wire, All rights reserved.
I responded to a post...
which also brought this to attention. No response. I stated it indicated further sloppiness in how it was PR'd. To first say Wessal can purchase in the open market, then later in the PR state he could. Which is it? Who is? Is it a corporate purchase my preferred choice) or some rich Sheik?
Todd
Boy I feel dumb! LOL...
I overlooked the fact they said NYC. When I read that a week ago, I completely overlooked WHERE it was being set up. LOL
Todd
I've called the Wessal IR #...
and have requested to have a # setup in the US. I feel they need to make IR American friendly for sake of ease in contacting the company regarding public matters. Caller Intake said he would put in the request.
Todd
Or telling you what you would like to hear? eom
No I think ur right...
regardless if it gets flipped out. It DOES attract attention, bringing in more buyers (money following money), and provides a base to stand on in the present state from which we hope to grow from. My point is that it doesnt necessarily indicate a stake which is significanly long (and in the case I presented, less than a day...hardly long). I think there is a need for every type of stock player along the way. I think Wessal's claimed investment intention in this attracts an even stronger base because it indicates a true long with an extreme vested interest in the success of the company. It essentially removes a significant volatile portion of the stock which, in all I can surmise, represents a threat to long term growth in stock value (which is what I am here for...at least a dollar, preferably 1.50).
Todd
A word of caution/suggestion...
Just because big money has come in upwards of 75-100K in a trade, big by my accounts), doesnt mean a thing. On that amount a penny swing is enough for 10 grand in a quick daytrade. Money buys money. I learned in Vegas when I was 21. I walked up with 20 bucks and played $2 bets. I walked away with 60 ( a 2-bagger, net 40). And I said to myself, what if i was betting $10 a hand. Cards woulda come the same. Net 200. There is likely someone out there who has buying power for a nice flip. Afterall, as little as even *I* know, this is behaving pretty predictably for anyone wanting to play a penny (or two) spread.
Todd
Nice post...
I agree...I have seen some things said here which do start out in good faith as speculation, but they deteriorate into assumption of fact a few days down the road. Its like Chinese Telephone. The message gets skewed, and it doesnt help most of us here wanna believe the positive, and dismiss the negative. Who is the real enemy? The pumpers, bashers, MM's? Or maybe you(us)(me)? In the famous words of John MacClane:
"Just the FAX mam...just the Fax" ( a slight twist reference to some Faux Faxes we have gotten which again stir speculation and emotions which do detract from the facts that are concrete, however, maybe not yet substantiated in full Sulja followthrough)
Todd
O/T Thanks Rager...
i dont check it that much since I get the play by play in the room. Guess I should check the IBOX more frequest. Thanks!
Todd
I agree, for many who claim long...
they sure are very shortsighted. I think many here are saying one thing, and playing another way behind closed doors so to speak. Do as you may, but we dont need the "play by play" as so many here offer up, and we certainly don't need claims opposite of what you are doing in your portfolio. I sense agendas both ways in this room. Anyone one here who is easily swayed by them, probably shouldnt be here. Let results play out. Give yourself your own timeframe with which you are willing to make a final decision to exit or not. Set your rules, and follow them (with some leeway as you may permit).
Todd
O/T Can I have it too Rager? TIA
Todd :)
He does point out a discrepancy...
earlier in the PR it says Wessal, then later it makes references to a private buy. Another poorly written PR? It deserves more clarity.
Todd
I dont think it will be as sweet as it was last year...
but I do think its a couple or three bags from this point. I guess my skepticism is based on the fact it seems too easy. Money making shouldnt be that easy. If only I woulda stuck to my guns over the winter and loaded bunches at 0.10. Guess I was too impatient knowing I woulnt see my bags of money for months and months. Live and learn.
Todd
O/T Heres the possible scenario.
"Hun, cooked dinner tonight...your favorite...meatloaf"
"Nah Honey, I figured we would go out for dinner tonight. SLJB treated me really well lately"
"Oh, we maybe we'll go to that nice French bistro that just opened up. Mrs. Smith down the street said it was really good. She's been to France and said its a fair comparison"
"Hrmmmm, French sounds good dear. How about we fly to Paris for night? I'm getting pretty damn hungry"
Have to hold everyones hand around here. LOL
And so the pump revs up into a new trading week.
*sigh* Like a bad dream happening all over.
O/T Thanks laptop, and penniejunkie too...
i will look into these things. FYI penny, my firewall was on. I havent been having problems, maybe it has been resolved, but again I will look into your suggestions. Thanks a bunch.
Todd
I am having the same problem. Its listed as a Trojan by my McAffee. I figured it had to be IHUB cuz thats when it first appeared. McAffee wont allow me to clean, hibernate, or delete. Anyone with computer expertise? I dont this to get out of control on my computer. It seems to only pop up once in a while when I click "Next" to go to a new message.
Todd
Oh yeah, IMO. Todd eom