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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Highland Timber | HTB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 107.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 107.00 | 107.00 |
| Top Posts |
|---|
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 30/5/2002 20:09 by ben franklin I too have in mind to buy as I like the idea of forestry as an investment. However, I'd first like them sort out the debt situation (maybe a share issue though this could be difficult with the company's track record) and also explain the UK plantation values rather more clearly. For example they could give details of each plantation (location/area) and split the productive area into the maturity stages in the Tilhill/Savills survey - then explain why the plantations are worth a premium. Not an onerous task and it would give new investors more confidence.Do you know who put the www.oilstock website together - I saw the same webpage yesterday on a different URL - - the stuff about Jeremy Grantham was interesting |
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