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ASX:KPT

Kangaroo Island Plantation Timbers Ltd

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Market:
ASX
Market Cap:
$65.8 m
Price
1.17 AUD
Change
-2.92%
52 weeks high
1.32
52 weeks low
0.86

In brief

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) is Australia’s only listed timberland company.

The company manages a wholly-owned portfolio of hardwood and softwood forestry plantations, growing on former agricultural land on Kangaroo Island, South Australia.

KPT is also committed to developing a seaport for exports at Smith Bay, on the north coast of Kangaroo Island, pending approvals.

Snapshot

  • Kangaroo Island Plantation Timbers adopts new strategy focusing on conventional agricultural use
  • Kangaroo Island Plantation Timbers board rejects $20 million offer for land as "substantially less than book value"
  • Kangaroo Island Plantation Timbers' Keith Lamb updates on insurance payouts

Insight Widest with the analysis, Proactive gives perspectives that others don't.

Kangaroo Island Plantation Timbers board rejects $20 million offer for land as "substantially less than book value"

The offer made by KI Phoenix is substantially less than book value, which, based on independent expert advice, sits at $59.28 million.

on 1/4/21