Growing Alcock Brown-Neaves Group from two building companies to more than a dozen businesses was a matter of identifying opportunities in the market and going after them as they arose, according to the firm’s managing director, Dale Alcock.
The appointment of a new board and executive team in June 2006 heralded a revival in the fortunes of Western Metals Ltd, which has been ranked as the best performing Western Australian stock last financial year.
Kimberley Diamond Company Ltd was a consistent poor performer in terms of shareholder returns, and it fell last month to a friendly takeover bid by UK company Gem Diamonds Ltd.
The spectacular rise in Fortescue Metals Group’s share price since chief executive Andrew Forrest took the reins has made the iron ore developer the top performing Western Australian stock over the past five years.
Engineering and construction company Monadelphous Group Ltd was one of the top performers in the total shareholder return survey, outperforming every other mature business in Western Australia.
Uranium stocks Summit Resources Ltd, Deep Yellow Ltd and Paladin Resources Ltd delivered top returns for shareholders over the three years to June 2007.
Imagine changing the name of Kings Park to Kaarta gar-up, or river cruises that follow the route of the Aboriginal dreamtime’s rainbow serpent, the Wagyl.
Belated as it may be, the development of the Swan River foreshore to the south west of the CBD has actually taken its first serious step forward in a couple of decades.
Engagement, layering, connectivity. Apart from the obvious focus on some very big and very real projects, there was a subtext of language around the WA Business News boardroom.
Its days of pioneering land sales in Western Australia on terms of a one-pound deposit and interest-free repayments of 10 shilling per month may be long gone, but property stalwart Peet Ltd has not lost any of its entrepreneurial spirit.
Next week, Peet Ltd CEO Warwick Hemsley hands over the reigns to Brendan Gore. WA Business News caught up with Mr Hemsley to discuss his 22 years with Peet and its transition from a private WA company to a major national player.
Peet Ltd has started selling villas in the first of several planned new lifestyle retirement village projects as it moves to capitalise on the ageing baby boomer market.
Incoming Peet chief executive and former mining executive, Brendan Gore, has largely missed out on most of the boom times in the sector where he spent the first 14 years of his career.
Perth-based fund manager Oceanic Asset Management broke new ground when it established its first investment fund in 2005, and it plans to do the same when it launches Australia’s first specialist uranium fund this year.
WhenWestern Australian companies want to raise large sums of capital, they usually have to jump on a plane so they can pitch to fund managers in cities such as Sydney, Toronto and London.
Former BankWest and Perpetual executive, Robert Marie, has teamed up with Sydney-based fund managers Brian Eley (formerly of Patersons Securities) and Ben Griffiths to carve an unusual niche in the financial services industry.
Investment bank Argonaut Group is planning to substantially expand its fund management activities by raising up to $125 million for two different funds.
Entrust Funds Management and Growth Equities stand apart from their peers in Perth because they shy away from mining and resources stocks, preferring to focus on industrial companies.
John Poynton has shed some fresh light on the events within Alinta Ltd that ultimately resulted in the sale of the business and significant public bloodletting.
