From the first half FY10 report $20.3 million has been recognised from the $48.6 mill carried over from woodlot sales in FY09. Actual revenue was 40.2 million from normal activities (doesn't include share issue). So woodlot sales seem to be proceeding ok. Share issue significantly strengthened balance sheet.
$28.6 Million of revenue is carried over to 2H/10, given that most revenue due in between now and June 30 (closer to Jun 30 for max tax benefit), why is SP so low?
Total Equity $161M, which is over $1 a share. Earnings for 1H/10 over 10c per share.
The half year report was better than I had hoped and SP is significantly lower than before it was issued. What am I missing?
what am i missing?
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