The following article abstract is copied from CommSec.
Forestry shares regenerate after from ATO =========================== Date: 24/7/2003 Author: Martin Pretty Source: The Australian Financial Review --- Page: 25
Australia's listed agribusiness investment companies have performed well during 2003. The share price of Timbercorp has gained around 89 per cent in the year to date, while Gunns Limited has gained around 36 per cent. Willmott Forests' stock has risen by 160 per cent during the same period. Most of these companies are currently trading at low price-earnings ratios, while most are also enjoying healthy earnings. The renewed investor confidence in the sector follows a period of uncertainty following the Australian Taxation Office's crackdown on tax-effective agribusiness investment schemes.
TIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
