News article dates
January
Week 1
News Archive
Montreal 030105 - Canadian Paper Analyst, Montreal, Canada offers the following summary on 2004:
The two best performing companies were both based in Western Canada. Over the course of 2004, the share price of Canfor appreciated 38.9% and the
share price of West Fraser Timber jumped 26.8%. The poorest performance was
turned in by Tembec whose share price declined 23.5% with Abitibi-Consolidated 's falling 20.3%.
Changes in the payout of cash dividends were not a significant item in 2004.
The most notable was the reduction in Abitibi's quarterly rate from 10 cents
to 2.5 cents per share.
Based on the latest filings, the following listing shows the principle shareholders (non family) of the public companies.
Abitibi-Consolidated - Capital Group Int'l (12%)
Canfor - Jarislovsky, Fraser (13%)
Domtar - Caisse de Depot et Placement (13%); SGF Rexfor (8%) ; AIM Funds
(5%)
Tembec - Fidelity Management (12%) ; Natcan/Altimira (10%)
West Fraser Timber - AIM Funds (11%)
There were two significant acquisitions made by these companies in 2004. Early in the year, Canfor purchased Slocan Forest Products and at
year-end, West Fraser Timber bought Weldwood of Canada.
Canadian Paper Analyst is long-established, Montreal based pulp and paper
consultancy with in-depth knowledge on world publication paper
markets. Contact Jim Rowland 514-9338749, rowland@ca.inter.net
Last updated 16.12.2004