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A corporate valuation perspective.
Authors: S. CareyPublication: New Zealand Journal of Forestry, Volume N.Z.J.For. 2003, Issue N.Z.J.For. 48(1) 2003, pp 20-24, May 2003
Publisher: New Zealand Institute of Forestry
Abstract: This paper discusses the fundamental approach to corporate valuation and explains how this approach is applied to forestry company share valuation in New Zealand. It also discusses the reasons why a forest consultant's valuation of a forest stand, or the value of net tangible assets, can vary from the value of shares in a company containing those forest assets. The importance of relying on the expertise of forestry consultants is emphasized.