viewKangaroo Island Plantation Timbers Ltd

Kangaroo Island Plantation Timbers invites bird lovers to assist with annual survey

Last year 38 different bird species were observed in the company’s timber plantations on Kangaroo Island.

Kangaroo Island Plantation Timbers Ltd - Kangaroo Island Plantation Timbers invites bird lovers to assist with annual survey
A juvenile Golden Whistler in remnant native vegetation on the Binnowie plantation

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) invites bird lovers to help out with the annual Birds in Plantations survey next month on Kangaroo Island in conjunction with Birdlife Australia.

Last year was the first time that bird surveys had been conducted in the company’s plantations and there were 38 different bird species observed.

Birds were most abundant and diverse in the remnant vegetation on plantation properties.

KPT owns 25,000 hectares of land on Kangaroo Island, of which about 7,000 hectares is remnant vegetation.

Volunteers sought

In the 2018 Birds in Plantations survey, 22 volunteer surveyors completed more than 85 surveys across 37 different properties or control sites in KPT plantations.

This year the survey will be held on November 9 and 10, with volunteers able to complete surveys in the week before and after if they cannot commit to the weekend.

Building a picture of bird health

KPT’s director of Community Engagement Shauna Black said the volunteers were crucial to the success of the survey.

“You can do it in your own time and we’ll provide fuel vouchers and safety equipment.

“We’d like to do it every year so we can build up a resource and a picture of bird health in our plantations, as part of our Forestry Stewardship Council certification.”

For more information visit this link on KTP’s website.

On-market purchase

KPT’s chair Paul McKenzie has demonstrated his faith in the company’s strategy by acquiring a further 10,000 shares in an on-market transaction on October 22.

The non-executive chair now holds almost 2.665 million shares in various indirect interests and at today’s share price his holding is valued at almost $6.4 million.

KPT has a market cap of around $134.6 million and shares last traded at $2.40, having reached a new 12-month high of $2.59 on October 16.

Quick facts: Kangaroo Island Plantation Timbers Ltd

Price: 0.85 AUD

Market: ASX
Market Cap: $47.99 m

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