11 October 2017 Chairman’s Address
5/12/2016 Due to favourable weather conditions and the hard work of staff and subcontractors in reducing construction times, the Board and management are proud to announce that the unaudited year to date 2017 net profit before tax is in excess of 10% on the previous profit upgrade forecast announced to market on 4 November 2016. Of course, if these favourable weather conditions change, it may have a negative impact on future results.
29/11/2016 TIMOTHY BARTHOLOMAEUS bough 590 shares; holding 585k shares
28/112016 NUMBER OF SECURITIES TO BE ISSUED IS 7,965 VIA AN EMPLOYEE SHARE SCHEME @$3.4
21/11/2016 Mizikovsky group 48.67%-> 48.71%; @3.52
Annual report 2015/2016
Tamawood remains debt free with $2.58 million in cash as at 30 June 2016
- Construction revenue increased by 12.34% with a reduction in construction and administration overheads of 10% as a percentage of revenue including the absorption of all costs associated with the closure of Melbourne and Adelaide offices.
- The expansion of South East Queensland and New South Wales operations into Ballina and Coffs Harbour.
- A significant increase in construction revenue in Dixon NSW in 2015/16
Lev Mizikovsky started Tamawood in July 1989. The Company was listed on the ASX in August 2000 and in December 2000 acquired Dixon Homes. AstiVita was spun off from Tamawood in December 2009 and listed on the ASX. The Company specialises in renewable energy products, hot water systems, bathroom and kitchen products. a substantial shareholder in a number of other Queensland Companies including Collection House Limited (CLH) and Lindsay Australia Limited (LAU).
Timothy was Chief Operating Officer from 2010
CEO remuneration total $297,449
Dixon NSW Pty Ltd 1 Sydney, Australia 75%; The remaining shares are owned by the Chairman of Tamawood Limited, Mr Robert Lynch (7.5%), and the General Manager and Director of Dixon NSW Pty Ltd, Mr Paul Hogan (17.5%).
SolarRex Pty Ltd 2 Brisbane, Australia 70%; SolarRex Limited (‘SolarRex’) is no longer trading and has been converted to a Pty Ltd company in November 2015 which owns 100% of the issued capital of SolarpowerRex Pty Ltd. The remaining shares of SolarRex Pty Ltd are owned by the Mr Geoff Acton (25%) and Mr Rade Dudurovic (5%).
Resiweb Limited is a public company that is developing a software system including back-office and client interface processes to support small home builders.
During the year 2014 Resiweb Limited issued 12,773,403 shares in the company to Tamawood Limited as consideration for the acquisition of Tamawood Research and Development Pty Ltd from Tamawood Limited. On 6 January 2016, Tamawood purchased a further 12,773,403 shares in Resiweb Limited at 2 cents per share ($255,468.06).
depreciation 264 246