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Secrets of our success: How these Qld companies thrived during 12 months of turmoil

Business

A remarkable piece of timing has lifted a little-known Brisbane company to the top of the performance charts for the financial year.

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As the All Ordinaries index rose 26 per cent, its best performance in 34 years, a host of Queensland companies delivered staggering results.

AnteoTech shares rocketed 1200 per cent in the year, from 2 cents to 26 cents, as it benefited from being able to quickly pivot and turn its virus testing equipment into a fast COVID-specific test kit.

But the company also has a battery technology division and that has proved to be a standout performer for several Brisbane companies.

Novonix, PPK, Orocobre and Sayona are all in the battery market and have seen spectacular increases over the year.

Shares in lithium company Orocobre jumped 171 per cent, Novonix was up 152 per cent, commercialisation company PPK rose 426 per cent. Sayona, which yesterday won court approval for its takeover of North American Lithium, was up 770 per cent for the year.

There were other impressive performances. Corporate Travel rose 111 per cent. Domino’s Pizza was up 71 per cent, Eagers 137 per cent, Intega 150 per cent and People Infrastructure rose 113 per cent.

Sunland finally got some market appreciation. Its shares rose 109 per cent but only after it announced it was selling off all its assets and returning the funds to shareholders because it was not being valued by the market.

IntelliHR shares rose 330 per cent and benefited from tech guru Bevan Slattery buying a stake. Aeris Resources shares were up more than 500 per cent and in the retail sector Michael Hill shares were up 166 per cent.

Leaf Resources, a company which describes itself as a global leader in green chemistry, entered the ASX in January and its shares rose 266 per cent.

ReNu Energy, which pivoted from geothermal energy to more mainstream renewables, pleased the market and its shares were up 180 per cent for the year.

Bauxite producer Metro Mining was a stock that fell from favour during the year. Its shares were down 80 per cent as it struggled with increased ocean freight rates, the wet season and refinancing.

Outside Queensland Chalice Mining produced a 645 per cent increase and Pilbara Minerals was up 522 per cent.

 

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