GOLD COAST'S TOP PUBLIC COMPANIES LIST 2010
Written on the 8 April 2010
1) BILLABONG (BBG)
CEO: DEREK O’NEILL
BILLABONG International watched on as global currencies eroded international sales over the last 12 months, but with a strong balance sheet and a market cap of around $2.6 billion, the Gold Coast’s No.1 company continues to spur confidence in shareholders.
CHAIRMAN: WAYNE MCRAE
COPPER explorer Cudeco has climbed from No.8 on last year’s list to cement the No.2 position ahead of ‘brandchisor’ Retail Food Group.
SOUTHPORT-based master franchisor Retail Food Group is forecasting 10-15 per cent growth for the FY10 following its fourth straight record interim profit.
CHAIRMAN: JOHN KIRBY
VILLAGE Roadshow Limited (VRL) has acquired an undisclosed minority interest in US-based media company RGM Group, as part of a joint venture with Hong Kong’s Golden Harvest Group.
MANAGING DIRECTOR: SAHBA ABEDIAN
ON the cusp of its 25th anniversary, Sunland Group is forecasting 2010 profit of $15 million following a net loss of $145 million in ’09 as the financial crisis battered sales.
MANAGING DIRECTOR: GUY FARRANDS
THEY might not have any Gold Coast properties in their project pipeline, but that hasn’t stopped GEO from building market cap and returning shareholders a net profit of $8.3 million, compared to a $114.8 million loss in the same period last year.
CEO: JOHN GOODY
AUSSIE Q Resources (AQR) has 71.5 million tones worth of copper and molybdenum under its belt near the central Queensland town of Monto.
CEO: SHANE RADBONE
ALLIED Brands, in contrast to Retail Food Group, experienced significant downward share price pressure in 2009, which has continued into the first quarter of 2010.
CEO: DARREN HERFT (ACTING)
MANAGING DIRECTOR: ROD MACLEOD MARKET CAP: $16M
EARLY Learning Services experienced a difficult 2009, but started 2010 on a high after announcing a $40 million company transforming merger with the privately owned Payce Childcare.
MANAGING DIRECTOR: PETER SWIRIDIUK MARKET CAP: $15M
MARKET CAP: $12.75M
LOCAL developer AHC Limited has cut staff numbers in half to cope with stifling red tape, but managing director Rod Macleod expects a pick up in revenues in 2010.
CHAIRMAN: GLEN WHITE
PROPERTY valuer LandMark White (LMW) increased profitability in the December half by cutting staff and non-essential costs, but chairman Glen White is concerned about State Government land valuation reforms.
CEO: ROBERT NICHOLLS
AIR conditioner and insulation company Cool or Cosy (COS) recorded 69 per cent year-on-year revenue growth in the December half, bringing itself out of the lulls of a loss of around $2 million in FY09.
CEO: PETER EMERY
CEO: RICHARD KEEVERS
AFTER a fluctuation in share price between 10 cents and 40 cents in the last 12 months, Electrometals Technologies Limited (EMM) expects to record a $1.6 million loss for the 2009 calendar year.
18) CHARTER PACIFIC (CHF)
CEO: KEVIN DART
A MINOR interest of investment company Charter Pacific Corporation Limited (CHF) has recently acquired FarmWorks Australia, as the nation rediscovers itself as ‘the food bowl of the east’.
BACKBURNER: City Pacific, CP1
CITY Pacific had been a high profile company on the Gold Coast for a number of years, contributing significantly to the Gold Coast property development industry, but 2009 was the year in which its run came to an end.