La Ensenada Forestal 2016
GENERAL INFORMATION
| Company: | La Ensenada Forestal |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar |
PLANTATION DATA
| Property Area: | 386.82 ha. |
| Sown Area: | 320.02 ha. |
| Sowing Distribution: | 125.3 ha. sown in 2014, y 194.72 ha. have been sown by the end of 2015 and the beginnings of 2016 |
PLACEMENT
| Placement: | Secondary Public Offering |
| Number of Shares: | 2’500.000 shares |
| Placement Price | US$ 2.60 per share |
| Profitability: | 14% yearly * |
| Profitability perception: | At plantation’s cut down |
| Estimated time until harvest: | 20 years after cut down |
* Calculation of return is based on the projected growth of wood, on conservative estimates of prices, costs and expenses. The project involves accumulating all the necessary resources for the maintenance until the cutting, from the beginning of the operation. The company does not expect the existence of financial liabilities.
