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The Ordinary Shares and Convertible Notes are traded on the New Zealand Stock Exchange ("NZSX"). The American Depositary Receipts ("ADRs") are traded on the 'Pink Sheets' in the United States of America (20 Ordinary Shares comprise one ADR).
Share and Convertible Note Prices
Closing share and note prices can be found on the web site of the NZSX. Subscribers to the National Quotation Bureau's online services can find quotes for the ADRs at www.otcquote.com.
Free real time quotes (in New Zealand dollars) of our shares and notes on the NZSX can be found at www.stockwatch.co.nz.
Codes
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New Zealand
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U.S.A.
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Ordinary Shares
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EVF
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-
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Convertible Notes
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EVFGA
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-
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ADRs
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-
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EVFSY
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| NZSX share price 30 June 2004 |
$0.38 |
| NZSX note price 30 June 2004 |
$1.28 |
| Combined market capitalisation |
$81.6 million |
Substantial Security Holders* (per the last filing as at 27/08/04)
| Xylem Fund I, L.P. |
36.53% |
| DIP - Danske civil-og akademiingeniorers Pensionskasse |
8.23% |
| Laerernes Pension A/S (Teachers Pension and Life) |
8.23% |
| Hambrecht & Quist Guaranty Finance, LLC |
5.01% |
| Douglas Family Interests |
10.08% |
| Arnhold & S Bleichroeder, Inc. |
7.51% |
Investments
| Nuhaka Farm Forestry Fund |
29% |
Financial Summary
$NZ 000’s (unless otherwise stated)
For the years ended 30 June
| NZ$ 000’S (UNLESS OTHERWISE STATED) |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
| Operating revenue |
40,247 |
40,100 |
21,755 |
33,101 |
19,606 |
8,811 |
| Operating profit (ex revaluation of forests) |
(1,226) |
7,305 |
6,968 |
6,508 |
5,159 |
3,091 |
| Net surplus/(deficit) |
(12,026) |
(36,484) |
6,746 |
5,044 |
5,152 |
3,091 |
| Equity |
80,837 |
90,459 |
123,540 |
114,347 |
104,433 |
99,281 |
| Shares on issue (number in 000’s) |
155,703 |
151,629 |
145,807 |
140,734 |
131,434 |
131,434 |
| Independent forest valuation |
120,211 |
141,900 |
162,400 |
157,400 |
148,557 |
129,886 |
| Net asset backing per share |
$0.52 |
$0.60 |
$0.85 |
$0.81 |
$0.79 |
$0.76 |
| AS AT CLOSE OF DAY – 30 JUNE |
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| Share price |
$0.38 |
$0.50 |
$0.65 |
$0.53 |
$0.45 |
$0.44 |
| Convertible note price |
$1.28 |
$1.30 |
$1.28 |
$1.10 |
$1.05 |
$1.03 |
| NZSX 40 Index |
|
2,143 |
2,068 |
2,086 |
2,062 |
2,136 |
| NZX 50 Index |
2,696 |
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| Ten year government stock interest rate |
6.35% |
5.37% |
7.20% |
6.74% |
6.78% |
6.63% |
| 90 day bank bill interest rate |
6.20% |
5.25% |
5.97% |
5.81% |
6.90% |
4.76% |
| NZD/USD exchange rate |
0.6280 |
0.5835 |
0.4867 |
0.4030 |
0.4679 |
0.5363 |
| NZD/AUD exchange rate |
0.9098 |
0.8738 |
0.8627 |
0.7940 |
0.7768 |
0.8152 |
| NZD/JPY exchange rate |
69.34 |
69.70 |
58.23 |
50.65 |
49.68 |
64.91 |
All financial information is in New Zealand dollars, unless otherwise stated.
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