positive investment research, page-10

The 'model' for timbercorp & other(s), i believe appear to be totally dif!

Fea in recent report / letter to s/holders, noted they/we still have some $250m in FREEHOLD land, apart from other assets.
Timbercorp had to buy off the owners / farmers, if i'm reading history correctly. Add to that, believe they paid well over valuation, to add to the business growth and pos other well intended reasons ??

Comparing these are like oranges and bananas, although both are 'a peeling' :)

We haven't noted the loan $ is down to some $190m (out of the $235m facility available).

For the future of the plantation side of the business, the "Plantations For Australia" fed & locl gvt initiative is i believe, still current, with much needed take-up by investors to maintain a supply ahead of the demand!
Can't see rudd and other leaders disputing the need to maintain or enhance this program, however the enquiry under-way will probably improve the conditions to gain investment (and healthy divi's) for the two main providers (that i am aware of) of forests.

Food for thought.
The $0.66 + n.a.b. for fea is looking great.

Cheers :)