PYTHONESQUE humour might have had the managed investment scheme sector crying out “I’m not dead, yet”, but there really is life in the industry despite the dramatic and near-terminal events of 2009.
Debt-laden agribusiness investment firm Timbercorp has today appointed voluntary administrators, prompting concern for the managed investment scheme sector.
Agribusiness investment manager Timbercorp says it is unlikely to sell its forestry assets after offers from interested parties were at prices substantially below book value.
Agribusiness investment company Timbercorp has suffered a 32 per cent fall in annual net profit thanks in part by write-offs and provisions made during the year.
Timbercorp has revised its profit forecast from an estimated $57 million down to approximately $44 million following a review of its current projects and assets.
WITH many of Western Australia’s olive oil producers expecting yields between three and eight times those of previous harvests, brand building and distribution strategies have assumed even greater importance than usual.
PLANTATION player Timbercorp has ended talks with Futuris Corp over a planned joint venture to manage 167,000 hectares of mainly blue gum forests in Western Australia and Victoria.
