logo-loader
viewKangaroo 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: 2.4 AUD

ASX:KPT
Market: ASX
Market Cap: $134.6 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kangaroo Island Plantation Timbers Ltd named herein, including the promotion by the Company of Kangaroo Island Plantation Timbers Ltd in any...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Highfield Resources advancing flagship potash project towards construction phase

Highfield Resources Ltd's (ASX:HFR) Peter Albert updates Proactive Lonodn's Andrew Scott on latest developments at its flagship Muga Potash Project in Spain. Muga’s ore reserve now consists of 108.7 million tonnes of proved and probable reserves at 10.2% potash for a 27-year life of...

22 minutes ago

2 min read