All Topics / Overseas Deals / The future for Tokoroa

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  • Profile photo of muppetmuppet
    Join Date: 2003
    Post Count: 900

    Hi Guys

    Interesting comment from one of Carter Holt Harvey’s execs when they announced their half yearly result seeing how they are a major employer of people living in Tokoroa:

    The chief executive of the forests division, Jeremy Fleming, revealed that 36,000ha of land, mainly in the Kinleith estate, had been identified as suitable for alternative uses.

    But it’s a long-term game. Land becomes available as trees are harvested and Fleming’s presentation indicated the programme could run until 2023.

    He said about 80 per cent – or 28,800ha – was suitable for conversion to dairy farming.

    The company says sales for dairy conversions over the past five years averaged a price of $7500 a hectare – and conversions now could be worth $8000 to $10,000 a hectare.

    That suggests 28,800ha could be worth $216 million to $288 million.

    The company said land suitable for lifestyle conversions could be worth more: $10,000 to $25,000 a hectare.

    That sent analysts back to their calculators, to crunch more numbers, although one asked aloud: “What’s the lifestyle around Kinleith and Tokoroa?”

    Is this good news or bad news for Tokoroa in the long term?

    News source:

    Regards is now live

    Profile photo of TokyoJoeTokyoJoe
    Join Date: 2005
    Post Count: 60

    Sounds good to me!

    My online investing diary:

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