Activity in Woodbois shares picked up over the last week after the company’s largest shareholder, venture capital firm Rhino Ventures, changed its holdings in the sustainable timber production company. Woodbois is an Africa-focused forestry company with an ethical bent which has been generating strong revenue growth. It is a sustainability play that has attracted investors with an environmental concern, who want to see forestry in Africa conducted in a more planet-friendly manner. The company pursues a 23-year rotation cycle which sees it logging territory within its concession area for only three years out of 20. It also has production facilities in Gabon and Mozambique. Woodbois announced half year results in August, reporting H1 revenue up 38% and group profits up 59%. It recorded its first ever operating profit with H1 2022 positive cash flow.