I recall reading on 4 Jan that ACC have taken up a significant interest and on 8 Jan for BNZ also and so not without institutional interest. Liquidity continues to be dismal all the same. I agree with others that patience is still needed. The burst of interest following the AGM shows what can happen but I think we need for Arborgen to produce growth in profits before the SP really moves. I am not surprised by the slow fall back in price in recent weeks since that burst of interest since it will have been from small holders fired up after the AGM with pronouncements by Luke Moriarty of great prospects now that Rubicon is taking full control of Arborgen.
A name change will help RBC escape the ugly duckling syndrome but progress from Arborgen is the only thing that will make any real difference.
The reason Tenon finally moved is because the US housing market began moving again. Since forestry runs on a 30 year cycle, I cannot see the same short-term impact on Arborgen although if the lumber prices spike up enough then the forestry companies will mill their stock at an earlier stage to take advantage of high prices. That will lead to higher levels of planting in the short term and hence orders for Arborgen. However, this is all based on "if".
Of course, Arborgen's product appeal is superior tree genetics resulting in increased growth rates, higher disease resistance and higher quality lumber. That requires increased marketing and educational activity by Arborgen in order to "sell" their advantages to customers. This is not an over-night exercise but one that should deliver progressive results.