Prosper Hills (2008) Limited
Planted 1996/7
Initial Share Price $6,400 (each)
Projected Harvest ~2025
There are currently two Shares available at this priced from $20,000 (each) numbered PHL08-690i & 691i.
Prosper Hills (2008) Ltd owns 51.68ha in Woodend Forest Estate and is located in the Mangapoike River Valley, off Kotare Road, via Tiniroto Road, 85kms south-west of Gisborne in the Wairoa District of New Zealand.
The value of the tree crop owned by Prosper Hills (2008) Ltd as at 31 March 2023 is assessed at $1.190 million 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 $177,500.
The property occupies a total planted area of 45ha comprising stands of pinus radiata established mainly in 1997 and comprising pruned 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 712-750m3/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 $67.00/m3.
Prosper Hills (2008) Limited is entering an interesting period. The Forest remains healthy and financially able to deal with forthcoming costs. A Harvest Manager has been engaged to undertake the preliminary steps in harvest including; planning for upgrading of internal roading and infrastructure at Woodend and seeking Consent from Regional Council to harvest with a view to harvesting Prosper Hills (2008) Limited during 2024/2025. Prosper Hills (2008) Limited is not ready for harvest yet. The main arterial route through the middle of the block has been upgraded to facilitate the surveying to identify grades and quantity of wood which is required to plan harvesting. We'll post any updates upon this webpage, expect an update Spring 2024.
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 March 2024.
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 (2006) Limited
The tree crop owned by Prosper Hills (2006) Limited at the Taipo Forest Estate is radiata pine, planted mainly in 1995. The Taipo Forest Estate is located in the Tinui Valley, about 58 kms north-east of Masterton.
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.