At the moment, standing forest is of little commercial value, and much of it continues to exist only because of laws intended to prevent total clearance of the land.

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And Barnsley - also playing under a new manager in Keith Hill - were good value for their point despite Forest's slight improvement after the interval.

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According to our estimates, Norfolk stock derives nearly 20% of its value from its construction freight and forest products divisions.

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One answer is to introduce a simple, global and transparent mechanism that recognises the value of the services that each hectare of forest provides to humanity.

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At the intergovernmental level, Reducing Emissions from Deforestation and Forest Degradation (REDD) is a UN initiative to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions by slowing deforestation and to invest in low-carbon paths to sustainable development.

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We have to urge value investor to view this stock as an opportunity, and not miss the forest for the trees.

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They offer a wealth of ecosystem functions and services (freshwater, biodiversity, forest products, minerals, habitats for threatened species), and landscapes and cultures of exceptional value.

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