To follow on the theme michaelmou the company seems to be very...

To follow on the theme michaelmou the company seems to be very well run but suffers from being the smallest in the sector.

Floated at a $1 straight into the ATO blitz. In hindsight the directors should have pulled the float. Anyway, nothing like hindsight...

This was then compounded by the forward buying of Landbanks that all of the plantation managers were having to undertake in order to accommodate the exponential growth in uptake of the bluegum units.

Suitable land was and will continue to be in reasonably short supply. As previously noted it was getting caught with a heap of land and suddenly no orders last year that contributed to the strangulation of Australian Plantation by those friendly chaps at the Commonwealth.

FEA have some very smart operators on board and as major shareholders. They performed strongly as a private company winning numerous awards for the business - no reason to believe they won't do so again!

btw their latest marketing material is some of the best I have seen.