Kangaroo Island Plantation Timbers MD demonstrates confidence in company with on-market purchase
This month KPT welcomed the Federal Budget announcement of $32 million of road funding for Kangaroo Island as the final piece of the puzzle to clear the way for approval of its proposed KI Seaport development. KPT is Australia’s only listed timberland company.
Kangaroo Island Plantation Timbers Ltd (ASX:KPT) managing director Keith Lamb has demonstrated his confidence in the company’s strategy with the purchase of shares in an on-market transaction.
On May 24 Lamb acquired 5,000 shares at $1.15 per share in a direct interest, increasing the total number of securities held to 20,000 shares.
Kangaroo Island Plantation Timbers welcomes visit of log supply inquiry
Members of the Select Committee on Matters Relating to the Timber Industry in the Limestone Coast visited Kangaroo Island to hear about issues facing KPT and other growers in accessing markets on the mainland. The State Parliament committee and KPT team members inspect logs at Gosse West.
Kangaroo Island Plantation Timbers Ltd (ASX:KPT) last week welcomed to the Island members of the South Australian Parliament’s Select Committee on Matters Relating to the Timber Industry in the Limestone Coast.
The committee members visited Kangaroo Island to hear about issues facing KPT and other growers in accessing markets on the mainland.
DS Smith still sitting in the box-seat as online shopping booms
Corrugated box volumes have grown progressively throughout the financial year with the second half expected to achieve a volume increase in excess of 7% over the comparative period last year. It may be helping Amazon take over the world but at least it pays its taxes, eh?
DS Smith PLC (LON:SMDS), the packaging giant, continues to benefit from the trend towards online shopping.
In a pre-close trading update covering the year to the end of April, the company said trading in the second half of the year continued to build positively on the trends and momentum the group reported on last month.
Kangaroo Island Plantation Timbers in mill negotiations after timber expo in Mt Gambier
Buyers were particularly interested in the KPT wood that had positive resi testing results, proving its suitability for construction grade lumber. Colin Wooldridge from Whitehead’s Timber Sales checks out the internal structure of the KPT logs.
Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has completed an expo of its timber at a yard near Mt Gambier in southeast South Australia and is in negotiations with several mills regarding buying lots from the KPT pine softwood estate.
Logs of different size and varying burn classification were shown to representatives of about 10 mills, including logs from an independent grower on Kangaroo Island.