TFS Corporation - Sandelholzproduzent

Antwort auf Beitrag Nr.: 39.575.747 von R-BgO am 24.05.10 21:26:42Haste mal den Link zur Homepage?

TFS Corporation - AAA RATED US BASED INSTITUTION COMMITS TO TFS SANDALWOOD Wed, 26 May 2010 09:57:00 +1000 10 hours, 23 minutes ago

ASX RELEASE AAA RATED US BASED INSTITUTION COMMITS TO TFS SANDALWOOD PLANTATIONS 26 May 2010 Highlights • • • AAA rated US based Institution enters into an Investment Management Agreement pursuant to which TFS will manage a 180 hectare Indian sandalwood plantation to be planted in FY10 . Investment by the Institution over the life of the plantation excluding performance bonuses to TFS anticipated to be circa $20m. Secures option to plant an additional 180ha per annum for next 5 years to 2015 with this investment anticipated to be, approximately, $100m if all options are exercised.

Australian agribusiness TFS Corporation (ASX: TFC) has signed a confidential Investment Management Agreement (IMA) with a US based institutional investor potentially worth $120 million over six years. The IMA is subject to and conditional upon the settlement of a related land acquisition agreement with TFS. The land acquisition agreement is conditional on, amongst other things, the Investor obtaining Foreign Investment Board approval.

Under the IMA TFS is paid an upfront payment for the purchase of land and establishment of the plantation, annual payments for plantation management, and a performance bonus upon a hurdle rate of return being achieved by the investor. This investment is in addition to the recently announced (May 4) forecast of 500 hectares of NonMIS sales, and puts TFS on track to sell over 500 hectares of Non-MIS in FY10 up over 40% on FY09 Non-MIS sales. “This institutional investment continues the rapid and fundamental transformation of TFS from a company heavily reliant on yearly MIS sales and its associated income to one that will receive its investment and income from predominantly more stable institutional and private sector sources,” TFS Executive Chairman Frank Wilson said.

“Even in a tumultuous economic environment, TFS’s forestry products continue to attract the support of leading global institutions and private investors by entering longer term investment agreements. This gives TFS the revenue stability to deliver on its strategy of becoming the world’s leading integrated Sandalwood supplier.” “Our strategy to restructure our products to attract institutional investors has proven to be the right one in the wake of the MIS market fallout. Together with the continuing increase in profitability of our sandalwood processing arm Mt Romance, TFS is well positioned as our first Indian Sandalwood plantations are harvested in the next three years,” Mr Wilson said.

Indian Sandalwood sits in the high return category compared to traditional ....
Price at Announcement
Code: TFC Price: $0.810
Current Price
Code: TFC Price: $0.880
Chart Share Price last 60 days
Company Profile
About TFS Corporation

Phone: 08 9221 9466
Fax: 08 9221 9477
GIGS : Materials
Shares on Issue : 189310000

Profile: TFS Corporation Ltd (TFS) is engaged in management and operation of forestry plantations, and the provision of finance. Its principal activities include promotion of sandalwood-managed investment schemes; management and maintenance of sandalwood plantations; ownership and leasing of land; provision of finance; ownership of sandalwood plantations, and undertaking the production and ...

Activities: Managed Investment Schemes company in Indian Sandalwood Industry

Antwort auf Beitrag Nr.: 39.584.331 von 81HAMC am 26.05.10 11:30:57http://www.tfsltd.com.au/

TFS launches inaugural native Australian Sandalwood Project (Spicatum)
02 June 2010
Key Points
• ATO Product ruling 2010/12
• Project capacity is 1,000 ha with subscriptions being available in 0.25 ha woodlots
• Establishment fee is $3,900 per woodlot (ex GST)
• Minimum subscription of 250 ha is required for the Project to proceed
• Plantations to be established in the Wheatbelt region of Western Australia
• No allowance for earnings from the Project has been made in TFS’ FY 10 earnings guidance
Following the release of ATO Product Ruling 2010/12, TFS is pleased to announce the launch of its inaugural native Australian Sandalwood Project for retail investors. TFS is a specialist Indian sandalwood (Album) plantation owner and manager, and the establishment of a plantation project for the native species of Australian sandalwood (Spicatum) is a natural extension of TFS’ core business and operations as a vertically integrated sandalwood products company.
TFS is already a producer of native Australian sandalwood oil through the processing business of Mt. Romance (MRA) which sells oil and related products to the European fragrance industry, India, China and Taiwan. TFS’ established production capacity and end market customer base enable TFS to process raw material into finished products and distribute these to global customers.
Australian sandalwood is complimentary to Indian sandalwood as they serve distinct product segments. Indian sandalwood is used in high-end cosmetics and luxury fragrances, as well as having widespread religious and cultural applications in India and Asia. Australian sandalwood has typically been used for incense in China, Taiwan and south east Asia and also has usage in fragrances and cosmetics. Australian sandalwood sells at a significant discount to the premium Indian sandalwood.
TFS notes that no allowance has been made in its FY 10 earnings guidance for earnings from this new project.
TFS would also like to clarify a report made in today’s West Australian newspaper. TFS has executed an agreement with WA Sandalwood Plantations Pty Ltd (WASP) to be the plantation contractor for the Project, under the supervision of TFS. TFS is not making any investment in WASP, nor in any of WASP’s Australian sandalwood plantations. TFS is simply engaging WASP as a plantation contractor.

TFS EXCEEDS SALES FORECAST
02 July 2010

Sandalwood grower and processor, TFS Corporation (TFS), has today announced total sales of approximately 1,088 hectares of Indian Sandalwood an increase of 6% on FY09.

Non MIS Sales
TFS has achieved sales from non-MIS institutional investors of 782 hectares, representing an increase of 120% on FY09.

MIS Sales
TFS has closed its retail MIS for FY10 having accepted applications for approximately 306 hectares of the Indian Sandalwood project for the FY10 financial year, down 54% on FY09.

FY10 Earnings Guidance
Following this sales result, TFS advises that it maintains its FY10 earnings guidance.
“We are extremely pleased with this sales result which is in line with the forecast we made at the outset of the financial year, and which is testimony to the appeal of our Indian Sandalwood product,” said Frank Wilson, Executive Chairman. “Given the dramatic decline in overall MIS sales in Australia in FY10, we believe this outcome vindicates our strategy to move away from reliance on MIS and reflects the strong long term market outlook for Indian sandalwood products and the growing recognition of our company’s future position as a leading industrial company supplying sandalwood oil and sandalwood by-products to a robust and growing global market.”
TFS expects to release its full year results during the week commencing 23 August 2010.

Tue, 31 Aug 2010 09:48:00 +1000 1 day, 6 hours ago

31st August 2010 ASX Release TFS Beats Earnings Guidance as it Transforms Business Model Highlights • • • • • • • Cash NPAT of $26.7m achieved growth of 14.7% ahead of guidance of 10%+ 2H Dividend of 3.5 cps declared amounting to full year dividend of 4.75 cps, up 11.8% Successfully transformed business model from solely MIS with revenue from Non-MIS sales accounting for 73% of cash operating revenue MRA rebounded strongly with EBITDA of $5.4m, growth of 58% v guidance of 20%, achieving a record result Balance sheet remains strong with low gearing at 19% and interest cover @10.5x Outlook is positive with wholesale deal flow to settle in FY11 following completion of land subdivision at Kingston Rest End market opportunities continue to develop in positive direction TFS Executive Chairman Frank Wilson said TFS had delivered a strong result in difficult trading conditions. “The business model has been successfully transitioned away from solely MIS, and evolved into one with a diverse mix of plantation and processing related sales.” “We are seeing increased demand from wholesale investors from a variety of regions, including the USA, Europe and Asia and we expect their prominence in the TFS revenue profile to continue to grow”, Mr Wilson said. “The performance of our processing division at Mount Romance was particularly pleasing as it demonstrates the resilience and underlying demand for sandalwood products in global markets”.

FY10 Results TFS Corporation Ltd (TFS) (ASX: TFC) today announced a rise in Comprehensive Income after Tax of $41.4m for the year to June 30, 2010. This result is an increase of 18.8% reported in the previous corresponding period (pcp). In addition to the core operating performance, this result reflects the inclusion of both non-cash items such as deferred fees, tree revaluations, as well as the new accounting standard (AASB101) that encompasses the treatment of land that is either sold for cash or held for re-sale.

Deferred fees were up 31% to $11.1m reflecting the rise in the size of the plantation estate over recent years. Cash flow from these fees will be realised as the harvest program commences in 2013. Revenue from tree revaluation was flat v pcp principally due to exchange rate movement.

The after tax contribution from land to the Comprehensive Income result was $4.3m. TFS has declared a 2H10 dividend 3.5 cps, up 16.7% on pcp, payable on 22 December 2010 and the record ....

nachgekauft;

5% Div.Rendite, KGV von 5, >20% EK-Rendite, unter Buchwert

Lesezeichen.