Great Southern (GTP)

Stock Code


Stock Exchange


Great Southern Limited (GTP) is engaged in developing, marketing, establishing and managing agribusiness-based projects. With primary operations in Australia, the company focuses on investing in plantation forestry. It is also engaged in the packaging, promotion and management of timber plantation investments. GTP was listed on the Australian Stock Exchange on the 5th of July 1999. Its average annual revenue reaches approximately $494 million out of its issued capital of $396 million. Its headquarters is located in Perth, Australia and to date; around 125 people are employed in the company.

Felix Resources: The Worst Stock Performer for Week 26 of 2008

Felix Resources was the overall worst performing stock taking in a 20.07 percent decrease in their share price. Among the worst performing stocks for the week 26 of 2008 of the Australian sharemarket were a mixture of property management, agribusiness, mining, utility infrastructure services: Valad Property (VPG), GPT Group (GPT), Futuris Corporation (FCL), Felix Resources (FLX), Spark Infrastructure (SKI), Great Southern (GTP). These worst performing stocks for week 26 of 2008 recorded losses above 14.44 percent by the end of the trading week.

Great Southern Plantations (GTP) Share Recommendation

Macquarie has rated the Great Southern Plantations (GTP) stock as Downgrade to Neutral. The analysts have downgraded their recommendation on the stock as Macquarie is worried about the increase in the cost base and in capital expenditure and expect the stock to be volatile. Great Southern Plantations Limited is listed on the Australian Stock Exchange (ASX) under stock code GTP. Check your charts!

Stock Tip: Shares that will Benefit from the Australian Budget

Last week the Australian government handed down their 2006-07 federal budget. Macquarie Research Equities (MRE) notes that "The centre piece of the Budget was the personal income tax cuts which were more widespread and extensive than the financial markets had been anticipating. This will inevitably provoke fears that interest rates may have to rise in order to offset the fiscal stimulus.
The key initiatives announced in the Budget that have notable implications for the Australian listed market are as follows:
- Reductions in the tax rates on personal income as well as increases to the thresholds for each tax rate;
- Accelerating the depreciation allowance for eligible business investment;
- Abolition of the Reasonable Benefit Limit (RBL) and age based contribution limits, and the elimination of tax of benefits paid to retires from taxed superannuation funds."
Here are some Australian listed stocks that MRE believes that will benefit from the budget:

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