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[sharechat] Great Southern Plantation (GTP) looks a buy

From:	"Harold J Skinner" <petzl@spamcop.net>
Date:	Thu, 5 Dec 2002 15:48:57 +1100

Just be aware that this company is dependant on Australian Tax Office (ATO) ruling in its favour which I doubt will *NOT* change this financial

The company continues to be in a very strong financial position, with net assets of 94 cents per share, cash reserves in excess of $30 million and no debt.
http://www.asx.com.au/asx/statistics/AnnDetail.jsp?id=531421&&issuerid=4055

The above link show the Chairman's report (their last dividend being 30 cents a share fully franked)

I would think them a buy up to AU$0.68 cents today selling at 65 cents

Note the drop last year caused by concern about the ATO removing the favourable tax ruling (this did not happen. in fact the Australian Government need or like the "carbon Credits" this type of investment creates

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=au%3AGTP&sid=0&o_symb=au%3AGTP

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