Prosper Hills (2006) Limited
Planted 1995/6
Initial Share Price $5,800 (each)
Projected Harvest ~2024
There are currently no Secondary Shares available to Purchase.
Prosper Hills (2006) Ltd owns 50.29ha in the Taipo Forest Estate and is located in the Tinui Valley, off Tinui Valley Road and Pakowai Tinui Road, about 58 kms north-east of Masterton.
The value of the tree crop owned by Prosper Hills (2006) Ltd as at 31 March 2023 is assessed at $796,000 and is based on the growth of the tree crop to date and uses a projection of future log prices based on a return to average prices paid for the past 5 years. The market value of the tree crop is assessed by discounting projected future costs and revenues at a pre-tax discount rate of 7.5%. The discount rate is based on analysis of recent transactions in New Zealand. The methodology adopted is described in the New Zealand Institute of Forestry (NZIF) Forest Valuation Standards (May 1999). The Land component of the Investment carries a value of $48,000.
The property occupies a total planted area of 47.2ha comprising stands of pinus radiata established in 1995 and 1996 comprising both pruned and unpruned wood.
This is a desktop-based forest valuation, and no forest inspection has been undertaken since April 2018 when found the tree crop generally in good health, showing good colour and excellent growth. For the March 2022 tree crop valuation, we assume that the tree crop has remains healthy and continues to grow as expected. The estimated total recoverable volume and grade mix is between 725-780m3/ha. Future costs are those associated with annual maintenance, fire protection, security, insurances, management, administration and the payment of Rates. Future harvest cost estimates are based on recent actual costs for similar operations in the Whanganui/Manawatu region taking account of the size of the forest, its terrain and the average tree size at the time of harvest. Using available topographic information its estimated 70% of the block will require harvesting by cablehauler, the balance being ground-based harvesting operations. Based on these assumptions, and in reference to the harvest costs and conversion factor databases for the Southern North Island region, the harvesting costs derived for use in this valuation based on our field inspection observations and after talking to the local contractors are calculated at $65.40/m3.
Due to the large number of both traditional mail & electronic mail being returned from Shareholders, NZ Forestry & Land Investments Limited will no longer issue TimberTalk Newsletters annually. We will update the information on this page annually, when available we’ll include new photos. If you suspect we have your old contact information, PLEASE use the Contact Us link above and send your current contact information through.
Updated November 2023.
Our Other Projects
Prosper Hills (2012) Limited
The Forest was inspected in April 2022 and found to be in good health and condition. Tree growth is good, with trees of good form and light branching.
Prosper Hills (2008) Limited
Prosper Hills (2008) Limited occupies part of Woodend Forest Estate which is located in the Mangapoike River Valley, the forest is about 85 kms south-west of Gisborne.
Prosper Hills (2004) Limited
Prosper Hills Forest is located in Manawatu-Wanganui, approximately 37 kilometres north of Wanganui, conveniently located in relation to domestic sawmills in the Manawatu-Wanganui-Ruapehu Regions.
NZFIL 3 Limited - Braemore
NZFIL 3 Limited owns part of Braemore Forest which is to the east of Turakina Valley Road, between Hunterville and Wanganui. It is conveniently located in relation to domestic sawmills in the Manawatu-Wanganui-Ruapehu regions.