The booming resources sector has underpinned strong returns by listed Western Australian companies in WA Business News’ fifth annual survey of total shareholder returns.
A diverse range of resource stocks, including coal, gold, iron ore and uranium, as well as non-resource stocks from the property and water treatment sectors, featured among Western Australia’s top stocks in one-year returns.
While significant one-year returns are a positive sign for any business, maintaining these results year-in-year-out is a challenge of more significant proportions.
Uranium company Paladin Resources was the top performing Western Australian stock for the three years to June by a wide margin, with an average annual total shareholder return of 618 per cent.
Winemaker Evans & Tate, internet services provider iiNet, pharmaceutical manufacturer Chemeq and ticketing technology company ERG are some of the high-profile Western Australian companies that are laggards in the latest total shareholder return survey.
Resource stocks are not the only ones to be profiting from the burgeoning environment in Western Australia, with companies in the mining services and property sectors also welcoming significant returns.
Investors in listed Western Australian companies are usually focused on the potential for capital gains, but in a minority of cases there is potential to earn a tidy income from dividends.
The Building and Construction Industry Training Fund is considering a boost to its industry levy to keep apprentices and trainees in jobs, following a forecast 9 per cent drop in housing approvals this financial year.
Norma Road in Myaree is set for a significant change if the City of Melville’s proposed re-zoning for the area is given the go ahead by the Western Australian Planning Commission.
Executives from Melbourne-based Cbus Property, which is short-listed for the 140 William Street development, made the most of a recent whirlwind trip west by meeting with consortium stakeholders and gauging potential opportunities in the Perth market.
The burgeoning commercial and retail area of Myaree is fast becoming an attractive proposition for developers, with boutique residential property developer Match choosing it as the location for its first foray into commercial projects.
Not-for-profit television station Access 31 has a bit of a perception problem – not regarding its output or programming, but rather on the issue of funding.
The annual Sheraton Perth West Australian Wine Awards were at their glittering best last week as the 29th instalment recognised the best of the state’s wine industry.
Perth hills winery, Millbrook, takes viognier pretty seriously, which is evident in the wines from the past couple of vintages. But the winery also extends its commitment to the variety with an annual tasting.
South Perth-based iron ore company Aztec Resources Ltd has signed a sales contract with one of its shareholders, China-based CITIC Australia Commodity Trading Ltd.
For State Scene, the biggest surprise about Islamic jihadism’s onslaughts upon the Western world is that so many people still find aspects of this conflict surprising.
The revolving door outside the boardroom of budding aquaculture producer Marine Produce Australia, which has been spinning fast for the past year, hit top speed this month.
Western Australia’s rapidly growing, and improving, cast of microbreweries welcomed a new member to the table last week, as the Indian Ocean Brewing Company swung open its doors.
Satterley Property Group is looking at its next big Busselton development, earmarking 260 hectares adjacent to the region’s airport for a mixed use project.
In the midst of Western Australia’s escalating property prices, Jenelle Carter spoke to a number of prominent WA property figures to find out if and when the bubble will burst.
A hot property market and soaring median house prices are not the exclusive domain of Perth, with regional centres also getting a good dose of property fever.
Sydney-based Australian Property Monitors believes Perth is in line for a price correction of between 16 and 20 per cent in six to 12 months, if global commodities markets slow.
Developers are lining up for a piece of the next phase of Perth’s office market action to capitalise on the solid returns promised by high rents and current vacancy rates of 3.5 per cent.
Far more than simply encouraging more urban dwellers to ‘go bush’, as was originally intended, the Bibbulmun Track has become so popular it is now regarded as one of the world’s best long-distance walk trails.
Talijancich Wines has become one of those iconic producers that define a region; a producer recognised for encapsulating all the very best attributes of a particular area while also raising the profile of surrounding wineries.
