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GUNNS LIMITED (GNS)

Click here for free access to this company's:
ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of GNS: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

Address: 78 Lindsay Street, LAUNCESTON, TAS, AUSTRALIA, 7250
Tel:  03 6335 5201 Fax: 03 6335 5406

Date first listed: 10/02/1983
Company Secretary: Wayne Chapman
Sector: Materials
Industry Group: XMJ
Activities: Hardwood forest products company owning 185,000 hectares of freehold land and managing in excess of 110,000 hectares of plantations
OFX Transferring Money Internationally to Free

a loss declaration has been issued for investors in Gunns FORESTS Securities (GNSPA) - if you are an investor, the capital loss can be claimed in the financial year the declaration is issued - in this case 2014-15

15/04/2015

a loss declaration has been issued - if you are still a shareholder, the capital loss can be claimed in the financial year the declaration is issued - in this case 2014-15

06/11/2014

delisted following non-payment of annual listing fees in respect of the year ending 30 June 2014

30/08/2013

we understand this company failed and has finally been delisted by ASX following non-payment of annual listing fees

30/08/2013

perhaps health, admission of guilt and other reasons weighed in favour of Chairman John Gay, following his conviction on insider trading charges, but the paltry fine will send a message to all and sundry that ripping off innocent investors is a viable pastime

24/08/2013

The company has not paid its annual fees in respect of the year ending 30 June 2014 but are already suspended from official quotation. In accordance with listing rule 16.5, entities that pay their annual listing fees on or after 23 August 2013must pay by bank cheque only. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm EST on Thursday 29 August 2013 will be removed from the official list with effect from the close of trading on Thursday 29 August 2013.

23/08/2013

Ian Carson, Daniel Bryant and Craig Crosbie of PPB Advisory were appointed liquidators of the Company on 5 March 2013

15/05/2013

company applies for an order exempting it from reporting requirements

07/03/2013

ASIC extended the time to hold the 2012 AGM until the earlier of: 1 3 months after the end of the Company" administration; or 2 28 June 2013

18/12/2012

an ANZ-led syndicate of banks, owed about $560 million, appoints Mark Korda and fellow KordaMentha partner Bryan Webster as receivers - KordaMentha will carry out a detailed analysis of plantation timber managed-investment schemes run by the company, into which thousands of investors have pumped about $600 million

25/09/2012

Ian Carson, Daniel Bryant and Craig Crosbie of PPB Advisory have been appointed as administrators to the Company and each of its subsidiaries

25/09/2012

releases preliminary final report

03/09/2012

releases preliminary final report - including a write of $798m

03/09/2012

Gunns Limited ("the Company") has executed an agreement with Australian Bluegum Plantations Pty Ltd for the sale of the Portland woodchip export facility. Completion of the transaction is subject to customary conditions including regulatory approvals. The sale value of the transaction is $61.8m.

16/07/2012

Gunns Limited ("Gunns") has been issued with amended income tax assessments in relation to a sale and leaseback transaction entered into by Gunns in the 2007 income year for the purpose of raising approximately $100 million of funding for its business - Gunns considers that the action by the ATO is inconsistent with Full Federal Court authority in relation to other sale and leaseback transactions - Gunns intends to vigorously defend the assessments

09/07/2012

The sale of the Heyfield sawmill as detailed in the Company announcement of 15 May 2012 has completed with the contractual dispute outlined in the announcement of 22 May 2012 resolved to the Company" satisfaction. The conclusion of this sale completes the exit of Gunns from all operations based on sourcing of wood supply from native forests and its transformation to a plantation only forest products business

29/05/2012

the company confirms that its preparation for an equity offer is continuing. The Company is in confidential discussion with a number of institutional investors in relation to the proposed equity offer

30/04/2012

Gunns is selling its export woodchip terminal at the Port of Portland, in western Victoria, as it focuses on its $2.5 billion pulp mill at Bell Bay, in Tasmania.

16/04/2012

Gunns again has asked for more time to put together a plan to raise funds. The company also has requested an extension of the suspension of its shares from trading on the Australian Securities Exchange (ASX). "Further to Gunns Ltd's announcement on 26 March, 2012, the company confirms it is proceeding to formulate an equity offer as detailed in that announcement," Gunns said in a statement on Tuesday.

10/04/2012

GNSPA (FORESTS) a distribution is announced - it will be unfranked and paid on 18 April 2012. Please note that this distribution is not for holders of GNS ordinary shares

29/03/2012

UBS AG bought and transferred in a net 44,610,019 Gunns Ltd shares between December 2, 2011 and March 12, 2012, becoming a substantial holder with 44,610,019 shares (5.26%).

15/03/2012

The securities of Gunns Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: GNS

13/03/2012

the suspension of trading in the securities of Gunns Limited (the "Company") will be lifted immediately, following the release of an announcement by the Company

19/09/2011

the company is continuing to assess the matters arising as a result of the agreement and other developments in respect of the company restructure and Bell Bay pulp mill project. The company expects to finalise a market update for release prior to market opening on 19 September 2011 with re-quotation of the company's securities to occur at that time

16/09/2011

the Company confirms that agreement has been reached with the Tasmanian State Government in respect of the Tasmanian Forest Agreement. A market update providing details of the agreement and its implications for the Company will be made on 15 September 2011

14/09/2011

UBS AG transferred out 7,100,000 Gunns Ltd shares on August 31, 2011, decreasing from 43,608,802 shares (5.14%) to 36,508,802 shares (4.3%).

05/09/2011

UBS AG bought and transferred in a net 14,663,353 Gunns Ltd shares between August 8 and 30, 2011, increasing from 28,945,449 shares (3.41%) to 43,608,802 shares (5.14%).

01/09/2011

the company has received an offer from the State government in respect of a settlement proposal to support implementation of the Tasmanian Forests Agreement. The offer is open for acceptance until Friday 2 September 2011. The offer and associated documentation is being reviewed by the company and discussions to clarify specific aspects of the offer have been held with the State government. It is the company's intention to advise the State of its position in respect of settlement of the matter by 2 September 2011

31/08/2011

the Company is in dialogue with the State government in respect of a settlement proposal to support implementation of the Tasmanian Statement of Forest Principles and expects to receive a settlement proposal today. Agreement of an offer will be subject to legal review and documentation. The Company is seeking to resolve the matter expeditiously and will provide a further market update on Friday 26 August 2011

25/08/2011

the Company sought a suspension of shares from trading on 8 August 2011 based on concerns of trading occurring in an uninformed market based on media speculation around the Tasmanian Forestry Industry restructure process. These concerns remain. The Company will be seeking specific clarification on material issues relevant to the process in the course of next week with the objective of enabling a lifting of the trading suspension following the release of 2011 results next week

19/08/2011

Gunns Limited Managing Director, Mr Greg L'Estrange, today welcomed the Tasmanian Government's decision to appoint a probity auditor to review Gunns' contracts but sought assurances that the process would be expedited to end the onerous uncertainty the decision has created

18/08/2011

In a radio interview today the Managing Director of Forestry Tasmania referred to claims of debt owed by Gunns Limited to Forestry Tasmania of approximately $25 million. This claim comprises two areas of dispute, claims under contractual take or pay provisions and claims by Gunns against supplies made by Forestry Tasmania under specific arrangements in the 2010 financial year. Forestry Tasmania has made claims under take or pay provisions of supply contracts for the 2010 and 2011 financial years. These claims are disputed by Gunns in accordance with the contractual process. Any payment in relation to the claims under the relevant contracts will not be paid until the dispute resolution process is completed. Gunns has assessed the claims and believes that any liability it has to them would be minimal

17/08/2011

following the announcement on 7 August 2011 of the signing of an intergovernmental agreement in respect of the restructure of the Tasmanian Forestry Industry, Company securities have been suspended from trading pending the clarification of the implications of this agreement for the Company. The Company has sought and is awaiting clarificatory information from the State Government

12/08/2011

UBS AG sold a net 19,668,691 Gunns Ltd shares between August 3 and 8, 2011, decreasing from 48,614,140 shares (5.73%) to 28,945,449 shares (3.41%)

11/08/2011

the securities of Gunns Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement

08/08/2011

many shareholders in this company have unclaimed money due to them - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

17/11/2008

the suspension of trading in the securities of Gunns Limited (the "Company") will be lifted immediately, following the release of an announcement by the Company

04/09/2008

company is to raise up to $430m through a pro-rata entitlement offer

29/08/2008

securities suspended from quotation pending an announcement

27/08/2008

we understand that on or about this date the company split its shares 4 for 1

29/10/2004

name changed from Gunns Kilndried Timber Industries Limited

15/12/1993

 

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ASX, Legal & CGT Status

ASX Announcements (courtesy of ASX)

 

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Loading comments....  Most recent comments
So as a retail shareholder, I take it the "unlisted" shares are deemed worthless?
30/01/2014 18:09:09
DC legal has sent a letter offering legal support in suing the directors, are they likely to succeed or is this a money making scheme?15/10/2013 21:23:30
Can we write-off this share from our Tax? If so - as at what date can this share be written off?18/09/2013 16:00:57
Your money is gone.. They are being liquidated and shareholders will get no money...10/07/2013 14:27:04
the share listing dropped out of my portfolio last year.
I've updated my bank details, but as yet haven't received my money.
Who do I call or ask regarding this.
05/03/2013 15:00:21

Company Updates

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    03/03/2010Richard MillarOn market33,644$0.555$18,672
    26/02/2010Robin GrayOn market100,000$0.550$55,000
    07/12/2009John GayOn market3,404,178$0.909$3,095,410
    03/03/2009Richard MillarOn market100,000$0.650$65,000
    17/09/2008Cornelis van der KleyOn market25,000$1.250$31,250

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Christopher NewmanNon Exec Chairman24/09/2001
    David SimmonsDeputy Chairman, Non Exec Director29/01/2009
    Greg L'EstrangeCEO, Managing Director25/11/2010
    Calton FrameCFO
    Richard MillarNon Exec Director24/01/2007

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Paul TeisseireNon Exec Director27/03/200820/07/2012
    John GayManaging Director, Executive Chairman27/05/2010
    Robin GrayNon Exec Director05/05/2010
    Robin HolymanNon Exec Director11/11/2009
    Cornelis van der KleyNon Exec Director31/10/2008
    David McQuestinNon Exec Director23/05/2008
    William PaisleyChairman31/07/2002

    Date of first appointment, title may have changed.