Wow this company had a brilliant business model. It was into helping people manage agribusinesses like timber plantations, olive groves, almond farms and the like.
It was the best in Australia.
Part of deal for investors was that they would get a return based on tax deductions...
Oh dear.
I wonder what the situation is right now. Do growers in non forestry areas get no deductions? Or do they still get some deductions? I wonder what is the extent of damage? TIM management should come out with a statement, don't you think?
If we can ascertain what is the full extent of the damage that this tax ruling will have on the company maybe we can start to put a reasonable value on this company.
What do you think?
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held