The reasons I’ve decided to get into TIMB include as...

The reasons I’ve decided to get into TIMB include as following:

1. Today’s News - Pacific Brands got 18-months extension from banks, so TIM might be able to achieve the same

2. The conversion of TIMPB shares (1 TIMPB = 4 TIM shares) and the timing (September this year)

3. The differences between those equities’ share price, due to share price fall within last 4 days: TIM went down - 50% (from 10.5c to 5.3c) but TIMPB went down – 88% (from 37.5c to 4.4c)

4. Trading observation: TIMPB’s shares issued are equal 35mill; there was 3mill shares, which changed hands within last 4 days (around 8.8%). Doesn’t seem major holders were offloading TIMPB (panic sell and short sellers were active). If major holders offloaded TIMPB, the traded volume would be much higher - good sign

5. TIMPB share price attractiveness – if TIM sp stayed at 5.3c until September TIMPB would be worth 21c. If TIM sp was higher, TIMPB sp would be worth accordingly

Currently holding TIM and TIMPB. Good luck for all holders

Cheers NJ

TIMPB) TIMBERCORP LIMITED
6.75% NON-CUMULATIVE RESET PREFERENCE
21 Apr 2009 15:23

Shares Issued 34,743,527
Security Type Conv. Preference (21)
Industry Group: Materials (15)
First Listed: 01 Oct 2004
Issuer Type: Industrial(I)