TIM announced 21/10/01 that asic had granted approval for the year end date to change from 30/6 to 30/9
tim advises the reason for the change is that it will provide shareholders with a more accurate picture of how the business is performing because the current year end date 30/6 conflicts with auditing,budgeting,and admin tasks with peak selling month of june
the company advises that this will relieve great pressure of mgmt and staff
tim projects go through 3 stages development,marketing and finance
since 1992 tim has raised $400mand as at 30/6 thet have under mgmt 73,738 hectares eucalypt plantations 2,104 hectares of olive groves 1,350 hectares of almonds
audited accounts to 30/9/02 will be released before moving to annoucing results for half year 31/3 and full year 30/9 (each year)
in respect to movements in the top 20 i've identified the following ( when comparing to 2001 annual report): reductions in holdings = 3 increase in holdings = 3 new top 20 shareholders = 8 no change to shareholdings = 6
TIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held