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The Ordinary Shares and Convertible Notes are
traded on the New Zealand Stock Exchange ("NZSX"). The
American Depositary Receipts ("ADRs") are traded on the 'Pink
Sheets' in the United States of America (20 Ordinary Shares comprise
one ADR).
Share and Convertible Note Prices
Closing share and note prices can be found on the web site of the NZSX.
Subscribers to the National
Quotation Bureau's online services can find quotes for the ADRs at
www.otcquote.com.
Free real time quotes (in New Zealand dollars) of our shares and notes
on the NZSX can be found at www.stockwatch.co.nz.
Codes
| |
New Zealand
|
U.S.A.
|
|
Ordinary Shares
|
EVF
|
-
|
|
Convertible Notes
|
EVFGA
|
-
|
|
ADRs
|
-
|
EVFSY
|
| NZSX share price 30 June 2004 |
$0.38 |
| NZSX note price 30 June 2004 |
$1.28 |
| Combined market capitalisation |
$81.6 million |
Substantial Security Holders* (per the last filing as
at 27/08/04)
| Xylem Fund I, L.P. |
36.53% |
| DIP - Danske
civil-og akademiingeniorers Pensionskasse |
8.23% |
| Laerernes Pension
A/S (Teachers Pension and Life) |
8.23% |
| Hambrecht & Quist Guaranty Finance,
LLC |
5.01% |
| Douglas Family
Interests |
10.08% |
| Arnhold &
S Bleichroeder, Inc. |
7.51% |
Investments
| Nuhaka Farm Forestry
Fund |
29% |
Financial Summary
$NZ 000’s (unless otherwise stated)
For the years ended
30 June
| NZ$
000’S (UNLESS OTHERWISE STATED) |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
| Operating
revenue |
40,247 |
40,100 |
21,755 |
33,101 |
19,606 |
8,811 |
| Operating
profit (ex revaluation of forests) |
(1,226) |
7,305 |
6,968 |
6,508 |
5,159 |
3,091 |
| Net surplus/(deficit) |
(12,026) |
(36,484) |
6,746 |
5,044 |
5,152 |
3,091 |
| Equity |
80,837 |
90,459 |
123,540 |
114,347 |
104,433 |
99,281 |
| Shares
on issue (number in 000’s) |
155,703 |
151,629 |
145,807 |
140,734 |
131,434 |
131,434 |
| Independent
forest valuation |
120,211 |
141,900 |
162,400 |
157,400 |
148,557 |
129,886 |
| Net asset
backing per share |
$0.52 |
$0.60 |
$0.85 |
$0.81 |
$0.79 |
$0.76 |
| AS
AT CLOSE OF DAY – 30 JUNE |
|
|
|
|
|
|
| Share price |
$0.38 |
$0.50 |
$0.65 |
$0.53 |
$0.45 |
$0.44 |
| Convertible
note price |
$1.28 |
$1.30 |
$1.28 |
$1.10 |
$1.05 |
$1.03 |
| NZSX 40
Index |
|
2,143 |
2,068 |
2,086 |
2,062 |
2,136 |
| NZX 50
Index |
2,696 |
|
|
|
|
|
| Ten year
government stock interest rate |
6.35% |
5.37% |
7.20% |
6.74% |
6.78% |
6.63% |
| 90 day
bank bill interest rate |
6.20% |
5.25% |
5.97% |
5.81% |
6.90% |
4.76% |
| NZD/USD
exchange rate |
0.6280 |
0.5835 |
0.4867 |
0.4030 |
0.4679 |
0.5363 |
| NZD/AUD
exchange rate |
0.9098 |
0.8738 |
0.8627 |
0.7940 |
0.7768 |
0.8152 |
| NZD/JPY
exchange rate |
69.34 |
69.70 |
58.23 |
50.65 |
49.68 |
64.91 |
All
financial information is in New Zealand dollars, unless otherwise
stated.
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