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| 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 | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 107.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 107.00 | GBX |
Highland Timber (HTB) Share Charts1 Year Highland Timber Chart |
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1 Month Highland Timber Chart |
Intraday Highland Timber Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/7/2008 | 21:37 | Highland Timber- Anyone Following? | 69 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 17/7/2008 21:31 by energyi 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.c 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 |
Posted at 08/3/2007 14:51 by shoee62 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 ? |
Posted at 24/9/2006 18:41 by wassapper 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 .... |
Posted at 29/8/2006 12:45 by wassapper 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 |
Posted at 25/5/2005 16:20 by energyi LONDON (AFX) - Highland Timber PLC said that Zatto Group SA, aLuxembourg-based investment holding company, will hold a 24.7 pct stake in the company following a share subscription. Zatto, which is ultimately controlled by trusts associated with the Waring family, will subscribe for 2.94 mln new shares at a price of 53 pence per share. The proceeds of 1.56 mln stg will be used to reduce the company's bank debt. In conjunction, Oliver Waring has been appointed to the board as a non-executive director and will become chief executive immediately following its AGM. Also, a resolution will be proposed to shareholders at the AGM to approve the appointment of Ron Williams as non-executive director, and then be appointed chairman. Ian Henderson, current chairman of Highland Timber, said: "We welcome the substantial injection of cash into Highland Timber, which will enable the company to face the future with renewed confidence." tc |
Posted at 20/5/2005 13:09 by charlie Waring family (founded Northgate plc) subscribe 25% of enlarged share capital at 53p. Open offer at same price for shareholders but no details yet. Oliver Waring age 33 to be paid £80k per annum as CEO, this seems excessive, it's still a small company and trees grow slowly, what is there to do? |
Posted at 01/4/2005 21:23 by charlie UPDATE price has fallen mainly due to threat to delist in conjunction with raising more capital.And a possible stratgic stake? Presumably means issue of shares to new stakeholder. Don't know why Professor Congdon resigned. Looks very abrupt. He has nearly 3% of the shares. Maybe he disagrees with terms being discussed for the fundraising. The chairman has 13% of the shares. |
Posted at 12/2/2004 11:45 by energyi OPPORTUNITY?"If you had a timber price index of 100 seven or eight years ago, UK prices would be down around 35 today. In the US we're looking at 300 to 400," said chairman Barry Gamble. |
Posted at 12/2/2004 11:43 by energyi Money can grow on trees Timber Trades Journal, 09 August 2003 / By Mike Jeffree A leading investment management specialist says structural reform is needed in UK forestry to achieve the returns made in the US industry Summary: - fountains manages 200,000 acres of woodland in the UK and 350,000 in the US. - It believes the Forestry Commission helps devalue the UK timber market. - It urges "commercialisation" of UK state forestry. - Forestry in the US is attracting a wider range of investor. "The way forward is commercialisation of these forests in public ownership" Barry Gamble, chairman, fountains plc There's not so much a gap between the commercial performance of UK forests and those of the north-eastern US, it's more of a chasm. That's the verdict from forestry management specialist fountains plc. "If you had a timber price index of 100 seven or eight years ago, UK prices would be down around 35 today. In the US we're looking at 300 to 400," said chairman Barry Gamble. He acknowledged that we are not exactly comparing like with like here. The woodlands fountains manages for investors in the UK are predominantly softwood, while those in the northeast US are high-value hardwood. However, it says that softwood forestry in the US has also provided a return way ahead of the UK. "Our price experience compared to Europe, Australia, and New Zealand is also appalling." Mr Gamble said there were a number of factors involved, but he's in no doubt where the blame for the transatlantic discrepancy chiefly lies. His finger points straight at the Forestry Commission (FC). "It's something we've believed for a while, but we're now really coming out of the closet on the issue," he said. "The FC is a complete anachronism and its existence runs counter to the interests of private forest owners and, we feel, the entire UK timber chain." ...MORE: See BF's Link, above |
Posted at 03/6/2003 04:53 by ben franklin The latest release of the Coniferous Standing Sales Price Index (to end March 2003) was published in May by the Forestry Commission. The link to the press release is:Prices (in nominal and real terms) showed a significant further fall on the already depressed March 2002 prices. Presumably this continues to impact the value of plantations (and the net asset value of companies like Highland). Around the same time FPD Savills and Tilhill published their latest UK Forestry survey (available from the Tilhill website at The survey shows declining per hectare values for most categories of commercial plantation, including the types owned by Highland, based on completed plantation sales over the last 12 months. With hefty debt repayments due at the end of this month, it will be interesting to see how they're refinanced. Definitely a candidate to be taken private at some point - Highland has absolutely no need to be a public company. Recently the small volumes of shares coming on to the market seem to have been readily mopped up, but the current share price discount to NAV won't look anywhere near so large if the Savills/Tilhill survey results are closely reflected in the next accounts. One bright spot in the woodland market was highlighted by Savills/Tilhill's parallel survey of small woodland sales (under 25 hectares in size) published at the same time (also on the Tilhill website). This showed a strong and apparently rising market in England & Wales, but especially in the South East, with per hectare values achieved in many cases well above those applicable to larger commercial plantations. The report ascribes this market's strength to increasing interest in small woodlands from a leisure perspective. |
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