Share Name Share Symbol Market Type Share ISIN Share Description
Highland Timber LSE:HTB London Ordinary Share GB0000429497 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 107.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 12.60

Highland Timber Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
17/7/2008
21:37
3. Full name of person(s) subject to the notification obligation Alto Trust (iii): Limited as trustee of Gemini Trust IIP 4. Full name of shareholder(s) (if different from 3.) (iv): 5. Date of the transaction (and date on which the threshold is 09/11/2007 crossed or reached if different) (v): 6. Date on which issuer notified: 19/11/2007 7. Threshold(s) that is/are crossed or reached: 25%
energyi
17/7/2008
21:31
Proposed Members Voluntary Winding-Up and Cancellation of Admission of Ordinary Shares to Trading on AIM Notice of Extraordinary General Meeting The Company announces that a circular ("the Circular") has today been posted to Shareholders in relation to the proposed members' voluntary winding-up of Highland Timber P.L.C, and cancellation of admission of Ordinary Shares to trading on AIM, containing a notice of Extraordinary General Meeting of the Company, to be held at 11.00am on 28 November 2007. Copies of the circular will be available from the Company's website at: www.highlandtimber.co.uk Enquiries: Highland Timber P.L.C. 020 7937 0755 Oliver Waring, Chief Executive Officer Arbuthnot Securities Limited 020 7012 2000 Tom Griffiths/Richard Johnson Expected timetable of principal events Latest time and date for receipt of 11.00am on Monday, 26 November 2007 Forms of Proxy Extraordinary General Meeting 11.00am on Wednesday, 28 November 2007 Appointment of Liquidator Wednesday, 28 November 2007 Cancellation of admission of Ordinary 7.00am on Thursday, 6 December 2007 Shares to trading on AIM Background and further information At the Company's extraordinary general meeting held on 20 September 2007, Shareholders approved the sale of the Company's Forest Assets to FIM Timber Growth Fund IV for a cash consideration of £12,500,000 payable on completion. Completion of the Disposal took place with effect from 21 September 2007. Following the Disposal the Company's assets comprised Sterling cash balances, which at the date of the Circular stand at approximately £15,000,000 or 121 pence per share net of expected expenses and on a fully diluted basis. Under the AIM Rules, the Company no longer has a trading business and is implementing its Investing Strategy, as approved by Shareholders at the Company's extraordinary general meeting held on 26 June 2007. The Investing Strategy permits the Directors to provide an opportunity for Shareholders to consider the future of the Company by convening an extraordinary general meeting to consider whether the Company should distribute funds to Shareholders. Following representations made by and discussions with many of the Company's Shareholders, the Directors believe that, given the relative illiquidity of the Company's Shares as traded on AIM, the creation of a significant liquidity event would be in the best interests of Shareholders, and that the most cost effective event is the use of a solvent, members' voluntary winding-up to facilitate a full distribution of the Company's assets. - The Directors therefore propose that notice of an EGM of the Company's Shareholders be given for the purposes of voting on the Resolution to commence a solvent, members voluntary winding-up of the Company. It is intended that, should the Resolution be approved, that a substantial first distribution of the Company's cash assets will be made in early 2008. The remainder of the Company's cash assets will be distributed as soon as practicable thereafter. It is expected that, subject to the approval of the Resolution, admission of the Ordinary Shares to trading on AIM will be cancelled with effect from 7.00am. on Thursday 6 December 2007.# The Directors believe that the Proposals satisfy the Directors' stated objective of generating maximum Shareholder value and create liquidity not currently available in the open market, and are accordingly recommending that Shareholders vote in favour of the Resolution. Terms and expressions defined in the Circular (unless expressly provided to the contrary) have the same meaning in this announcement. END
energyi
17/7/2008
21:30
Highland Timber Result of EGM HIGHLAND TIMBER P.L.C. ("Highland" or "the Company") 28 November 2007 RESULT OF EGM The Company announces that, following the resolution proposed at the Extraordinary General Meeting of the Company held earlier today being duly passed by shareholders: * Mr Robert Palmer of Gallaghers has been appointed liquidator for the purpose of winding up the Company and distributing its assets to shareholders; and * Cancellation of trading of the Company's ordinary shares on AIM is expected to take effect from 7.00 a.m. on Thursday 6 December 2007. It is intended that an initial distribution of cash to shareholders , which would comprise a substantial portion of the Company's cash assets, will be made in early 2008, with the remainder to be distributed as soon as practicable thereafter. Shareholders will be notified by the Liquidator in due course in relation to the distributions.
energyi
13/9/2007
07:33
http://www.advfn.com/news_Highland-Timber-confirms-received-120p-shr-cash-offer-from-European-Forest_22235740.html
bamboo2
26/6/2007
16:50
What happens now? Now that the FIM bid has been rejected I assume LDEH has a clear field and can make a reduced offer £10 on the basis of due diligence.
linhur
13/6/2007
13:42
My present intention is to vote against both resolutions at the EGM. - I think the offer from LDEH should be considered - I am not happy with giving the Board carte blanche to invest in anything. I would like to see an option to receive a return of cash.
charlie
13/6/2007
13:40
Chronology of events: 18/5/07 Highland Timber announce sale of forests to FIM Ltd for £9.9m cash. 4/6/07 Louis Dreyfus Energy Holdings (LDEH) announce they want to offer £11.1m cash. 7/6/07 Board writes to shareholders drawing attention to LDEH offer and saying legal advice that cannot comment due to exclusivity provisions of agreement with FIM Ltd (sounds like Board may have boxed themselves into corner by mistake?) 12/6/07 LDEH write to shareholders saying their offer should be considered. Note, no irrevocables to vote in favour of sale to FIM appear to have been given by shareholders The Board has agreed exclusivity provisions, but shareholders (including Zatto Group the 25% holder) have not.
charlie
21/5/2007
10:01
Currently valued at cash of £12.5m
wassapper
18/5/2007
10:11
hmm... well, i've read about these a little while ago (forgotten where!) and saw article in shares. bought a few yesterday, and some more today...will see what happens.....
huntie2
17/5/2007
13:59
teasle - does it mention AXS? / TitanWood?
asparks
17/5/2007
13:54
Nice write-up in today's SHARES - very bullish.
teasle
12/4/2007
15:24
AXS Timber still going great guns
asparks
12/4/2007
14:55
what previous offer?
jasuk
12/4/2007
14:20
what was the previous offer?
brad1
08/3/2007
14:51
HTb heading skywards this year, helluva rise in 2 months for stable timber. Recent bulletin from Fountains said that timber prices still 60% ish below 1994 peak - maybe gap closing quicker ?
shoee62
01/3/2007
11:31
erik - if you read all the info you will see accoya is not just for big civil projects - but is now being promoted for domestic use - windows doors, decking etc. I see this as their biggest market.
asparks
01/3/2007
11:29
I don't think we will see wood replace steel in mainstream civil construction. AXS shareprice may be soaring as you say but is it backed up fundamentally with solid cashflows/profts or is it speculative interest in future potential. At this stage I would say the latter. One thing that worries me about a small entity like AXS is that one big warranty claim would bring it to its knees. Big civil projects are rarely hugely profitable and the big ticket nature means that warranty can potentially be big too. It is very easy to make losses on these sort of projects.
eriksay
01/3/2007
11:13
erik - fringe or not AXS share price is soaring:
asparks
01/3/2007
11:07
Asparks - I went to Ecobuild at Earls Court on Tuesday. There were quite a few interesting stalls and talking to some of the delegates the size of the show has grown - being three times that of last year (I didn't go last year so I can't say myself). However, coming away from the show, my overall feeling was that 'Eco' is still a fringe area of construction and still has a long way to go. Construction company profits are not going to be sacrificed just to be green - other than on one or two flagship projects. So I don't yet see a big take up in some of the more esoteric areas - Accoya included. For new construction and refurbishment work energy efficiency/recovery will the immediate area of focus - but you know that already.
eriksay
01/3/2007
10:44
BSW Timber's Accoya will be showcased at EcoBuild 2007 following seal of approval from BRE with 60-year life expectancy BSW Timber's Accoya, which will be promoted by Westgate Joinery on stand E221 at Ecobuild 2007, has been backed by the British Research Establishment (BRE) with a 60-year life expectancy. Accoya, a modified, environmentally-friendly wood offering outstanding levels of performance, stability and durability, has already attracted strong interest from the industry. Following extensive testing, BRE has concluded that 'Accoya would meet a 60-year service life requirement.' The results coincide with the Accoya factory in Arnheim, the Netherlands, entering the final stages of commissioning. Delegates at EcoBuild 2007 can learn first-hand about Accoya's performance attributes that are equivalent to or better than the best tropical hardwoods and superior to many artificial material alternatives. Accoya is produced using a patented process that adapts sustainably grown softwoods by increasing the amount of acetyl molecules present in the wood. Pine wood has 2 per cent acetyl molecules, oak has 4 per cent and Accoya has 20 per cent. Wood acetylation protects wood from rot by making it inedible to most micro-organisms and insects, without making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that when painted it requires dramatically reduced maintenance. Since acetyl molecules are already present in all wood species, the process does not introduce anything that does not occur naturally in wood and Accoya is therefore completely non-toxic. Comments from Westgate Joinery's Managing Director, David Pattenden and BSW's head of development John Alexander suggest that:- "The high performance of Accoya allows greater flexibility in design because Accoya is not subject to the same standard practice which limits common, less stable timbers. "Accoya is equally well suited to production of doors, windows and conservatories where the some major benefits can be realised." "The aesthetic options for cladding have now changed dramatically. Greater flexibility is available. Translucent stains which maintain the rich wood appearance of the wood have often been discounted due to frequent maintenance intervals of around three to four years. Accoya's low movement and UV resistance reduces this interval to 10 years, which is an entirely different proposition for the client." "There are no issues of non-durable sapwood. This allows the timber to be guaranteed for 50 years against rot by the producer. With respect to assurance, this guarantee is also in line with Building Research Establishment's product review. "Accoya will raise standards of reliability and performance for timber windows, doors and cladding to new levels. "It is a high performance wood product, which has excellent environmental credentials and is more sustainable than other materials used in non-timber windows and doors. "Testing of Accoya for machining properties, gluing and coatings has now been completed. The most severe test involved a three-week in a water tank; "After the period, the window opened with ease and no paint joints had been broken – even at the corners. We now have confidence in offering a product that has new levels of warranty against decay and a new warranty for quality coating finishes, and does not require any further preservative treatment in manufacture."
asparks
01/3/2007
10:41
You Should all be interested in Timber Tech Company Accys (AXS) Converts softwood to hardwood in patented chemical process. (accoya) SP soaring
asparks
24/9/2006
18:41
That Was The Week That Was ... In Soft Commodities By Sally White Speculative interest in commodities has definitely slowed, according to US investment bank Morgan Stanley, with net inflows to commodity-linked mutual funds totalling US$107million so far this year, against US$3.8 billion for the same time of 2005. However, with the International Monetary Fund's latest commodity study showing that speculative positions follow commodity price movements, not the other way around, there is still potential running in a number of the soft commodities with a fundamental supply shortage. ... more .... http://www.agriprods.com/storyFull5.php?storySeq=33
wassapper
29/8/2006
12:45
Interims out today. Fully diluted average shares in issue 12,360,880. EPS of 0.21p per share. At 62.5p mid mkt cap is £7,725,550. Net assets £7,892,000. Cash of £2,647,000 is c 21p per share "We will continue with our objectives of stabilising the Company's operational performance and seeking an appropriate investment for our UK cash surplus of £ 2,647,000." Ron Williams 29 August 2006
wassapper
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