GNS

Gunns (GNS)

Stock Code

GNS

Stock Exchange

Australian Securities Exchange

Gunns Limited (GNS) is a fully integrated hardwood forest products company engaged in milling, timber processing and merchandising, building and hardware supplies merchandising and building contractors. GNS was listed on the Australian Stock Exchange (ASX) on the 10th of February 1983. Its average annual revenue reaches approximately $689 million out of its issued capital of $212 million. Its headquarters is located in Launceston, Australia and to date; around 1700 people are employed in the company.

Gunns Collapse


Tasmanian wood pulp company, Gunns Limited (ASX:GNS) has been put under voluntary administration.

  • Gunns directors have appointed Ian Carson, Daniel Bryant and Craig Crosbie of PPB as administrators for company.
  • The action was instigated by a syndicate of banks led by the ANZ, refusing to continue funding the company and are owed $560 million.
  • ANZ and the syndicate have appointed receivers: Mark Korda and Bryan Webster of KordaMentha

Gunns Writes Down Assets


Australian woodchipper, Gunns Limited (ASX:GNS) have released a statement to the stock exchange announcing that it will book an impairment of $700 to $800 million for some of its forestry related assets (including: Tasmanian land and plantation estate, its interests in managed investment schemes (MIS) and the development costs associated with the pulp mill project) for the 2011/2012 financial year to end of June.

2012's First Week of the Best and Worst Traded Stocks


The holidays are over and companies are back in business to face the new year for the rollercoaster ride of share prices. The lists below are a record of the best and worst traded stocks in the ASX100, ASX200 and All Ordinaries in the Australian Securities Exchange in the first week of 2012, January 2-6, 2012.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

Trading Winners and Losers for Dec. 12-16


This record contains the top 10 best and worst traded stocks in the ASX100, ASX 200 and All Ordinaries of the Australian Stock Exchange in the 50th week of 2011, from December 12 to 16, 2011.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

Sharemarket Dividends, EGMs and AGMs


No floats are scheduled tomorrow Thursday, November 24, 2011. Meanwhile, an ex-dividend, two Extraordinary General Meeting and a lot of Annual General Meetings are scheduled in the sharemarket world.

Ex-Dividends

ANZ Says It Won’t Fund Gunns Mill


Another possible funding source has bowed out as ANZ Bank (ASX:ANZ) reconfirmed its decision not to give financing for the $2.5 billion pulp mill that Gunns (ASX:GNS) plans to build at Bell Bay.

"There has been no change in our position since May 2008," said an ANZ spokesman yesterday.

Gunns Focuses on Tamar, Workers Nervous


Gunns' (ASX:GNS) asset sale to raise capital for commissioning its Tamar Valley pulp mill has met with positive market reaction. Gunns shares rose 27 percent yesterday, to close at 42 cents. The timber company said it is on track for $40 to $50 million full-year underlying earnings.

Losers of the Week ASX200


Losers of the week for the ASX200. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Stock Exchange (ASX) from the previous week of trading (15th week: 11th April to 15th April 2011). ASX 200 losers this week include: HST, ERA, GNS, KCN, WEC, LEI, MCR, PAN, PNA, MND. Other lists of ASX companies by Market capitalisation.

Losers of the Week AllOrds


Losers of the week for the AllOrds, on the Australian Stock Exchange (ASX) this 15th week: 11th April to 15th April 2011. These stocks decreased their stock price by the largest percentage on the Australian sharemarket. Losers this week include: HST, ERA, NMS, GNS, BUL, KCN, CRE, QTM, WEC, LEI. Other lists of ASX companies by market capitalisation.

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