It is a great stock. Paying a very good dividend to holders @ 21/6/03. Got sold down because it had to defer 2002 income until the 2003 financial year. Also the tax deductions allowable to growers was also in limbo and created uncertainty in the timber plantation industry. I think this stock has the potential to go to 1.25 in the next few weeks. Strong upward movement on low volumes. I got it when it went IPO. The prospectus said it would deliver a stable growth. It has been anything but. Was losing half my money at one stage. Didn't sell out because there was no announcements to suggest that the stock was not going to deliver good book returns. I agree that it has been way undervalued since listing.
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