Gunns Ltd (GNS) is a Tasmanian-based hardwood forest products company, which supplies hardwood woodchip to Asian pulp mills.  Its operations span sawn timber, local hardware merchandising forestry managed investment schemes.

GNS is listed as a materials sector company, and is one of the smaller companies (by market cap) in the Australian stock market.

Last week, GNS upgraded FY10 operating earnings guidance to $50 – $60 million, from the previous $30 – $40 million.

The earnings upgrade was largely due to increased revenues from the company’s plantation management services.

The share market welcomed the news, with GNS shares skyrocketing over 16% on the day of the announcement.

Despite this, GNS has been one of the shares to sell since late February when it reported a massive drop in 1H10 net profit.

No related posts.

7 day free trial
 



asx-share-price

To start your Free 7 day trial please complete your details below

* required fields

IMPORTANT: an activation code will be sent via SMS, please enter your preferred mobile number



Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report
RSS Feed