Kangaroo Island Plantation Timbers Ltd

Kangaroo Island Plantation Timbers enters new growth phase with board changes

Kangaroo Island Plantation Timbers (ASX:KPT) executive director John Sergeant updates Proactive Investors on the company’s plans with new managing director Keith Lamb on board.
The transition comes at a time when the share price is rising and the company has pledged to produce free cash of around $30 million a year once it moves into production.
The company is waiting on approval to build a deep water port to get the product to market mainly in China and Japan.
Mr Sergeant says there is no other asset class like timberland, which offers investors a unique and diverse opportunity.

Quick facts: Kangaroo Island Plantation Timbers Ltd

Price: $2.23

Market: ASX
Market Cap: $125.06 m

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