2009 |
- Further development of our energy expertise, and in particular alternate energy, highlighted by the successful sale of CVC's stake in Blue Energy for a $12 million profit, a number of smaller but similarly successful energy related investments, and a new investment into Resource Generation Limited
- Continued rationalisation of Cellnet Group Limited, culminating in the sale of its IT businesses and restoration of its balance sheet to $20 million cash holdings and a viable business
- Identification and structuring of merger target for Mercury Mobility
- Sale of the Bulky Goods Centre in Geelong fully tenanted
- Acquisition of a number of stakes in oversold ASX listed companies
- Continued development of Ron Finemore Transport, which now has annual turnover in excess of $65.5 million
- Continued development of Concise Asset Management in an extremely tough investment climate, who produced impressive investment returns in the past 6 months whilst out-performing market benchmarks throughout the last 12 months
- Continued turnaround and revitalising of Green's Foods
- Review of CVC's portfolio with the turnover of investments focused on maximising value from assets in future periods
- Buy-back of 22.9 million CVC shares at the time of writing at a substantial discount to Net Tangible Asset backing
- Identification of a number of new investment opportunities
|
2008 |
- CVC declares a profit after tax of $1.1 million
- An impairment expense of $13.6 million on existing investments and loans was recognised during the year as a result of the impact on share prices by the volatility experienced in equity markets
- A fully franked final dividend of 3 cents per share paid in September 2008
- A fully franked interim dividend of 3 cents per share paid in February 2008
- 9.8 million shares bought back at a cost of $12.7 million - total shares on issue at 30 June 2008 was 162.4 million
- Sale of shareholding in Blue Energy Ltd generating a profit of approximately $12.1 million and an annualised return of 62.5%
- A further investment in Pro-Pac Packaging Ltd which increased CVC's shareholding to 22.3% of the Company's issued capital
- Sale of investment in Trinity Group, generating a profit of $5.9 million and an annualised return of 50.1%
- Further investment in Cellnet Group Ltd and an active role in its continued restructuring
- Further investment in Mercury Mobility Ltd, increasing CVC's shareholding to 29.6% of the Company's issued capital
- Continued development of CVC's investment in Ron Finemore Transport Pty Ltd
- Provision of structured mezzanine finance facilities to a number of public and private companies totalling $15.7 million
|
2007 |
- CVC declares a profit after tax of $30.8 million
- Cornerstone investment of $21.5 million in gas field explorer and developer Blue Energy Limited (ASX: BUL)
- Board declares payment of second interim dividend of 3 cents per share fully franked payable on 13 April 2007
- Approval granted for the development of the 14,157m2 Retail Lifestyle site located at Belrose, NSW, allowing CVC to complete the sale of the property to CVC Trinity Property Fund
- Green's Foods Limited is sold to Nestle returning approximately $14.3 million to CVC Limited
- Successful completion of a placement of 55 million ordinary shares in CVC at an issue price of $2.00 per share ($110m)
- In conjunction with our 50% joint venture partner, Winten Property Group, agreement signed with Aspen Group Limited (ASX:APZ) to appoint them as developer of Fern Bay Seaside Village - transaction value expected to be approximately $76.6 million
- CVC Sustainable Investments launches Prospectus for its third capital raising since inception
|
2006 |
- CVC declares a profit after tax of $23.3 million
- CVC becomes dominant shareholder in the successful IPO of Cyclopharm at 28% premium to IPO price - unlocking $5m+ in value
- Successful ASX listing of Probiotec at 8% premium to IPO price
- CVC declares another record dividend of 6 cents fully franked per share
- CVC achieves an increase of $44.1 million after tax in the value of listed investments
- CVC acquires CVC Property Managers to provide the platform for the launch of the CVC Trinity Property Fund (formerly Taragon Property Fund)
- 2006 saw the successful sale of the shareholding in Stargames Limited as a result of a take-over offer realising a profit of approximately $16.5 million
- The acquisition of strategic stakes in ASX listed companies Cellnet Group Limited, Trinity Group and Taragon Property Fund
- Continued development of the Ron Finemore Transport Pty Ltd regional road freight transportation business in partnership with Ron Finemore
- Reduction in the share capital of the Company via the buy-back of approximately 11.5 million shares
- CVC's strategic investee Sunland Group establishes operations in Dubai
|
2005 |
- CVC declares a profit of $24 million
- CVC declares a record interim dividend on 2.0 cents per share
- Placement of 15% of company at $1.70 per share raising $28.05 million
- Sale of Chevron Renaissance shopping centre for profit of $10 million
- CVC enters the ASX 300 for the first time
- CVC Limited appears in the top 10 of BRW magazine's "Fast 100"
|
2004 |
- CVC declares a profit of $6.5 million
- Earnings per share 9.4 cents, an increase of 100% on 2003
- Record profit from Sunland Group
- CVC declares interim dividend of 1.5 cents per share and a final dividend of 1.5 cents per share
- CVC REEF won the "Best Early Stage Investment" at the 2004 AVCAL Awards
- Initial investment in Ron Finemore Transport
|
2003 |
- CVC declares record profit of $6.2 million
- CVC commences a joint venture with Winten Property Group for a property development at Fern Bay
- CVC sold approximately 14.7 million shares in Sunland Group realising a profit of $7 million
- CVC sold its interest in Amadeus for profit of $500,000, representing an IRR greater than 118%
- CVC declares profit of $5.04 million
- CVC acquires interest in Pro-Pac Group
|
2002 |
-
CVC declares profit of $8.9 million
- CVC acquires interest in Greens Foods
- CVC successfully sells Clinical Waste Australia representing a return of greater than 100%
- CVC declares dividend of 1.5 cents per share.
- CVC declares half year profit of $1.39 million
|
2001 |
-
CVC declares profit of $8.2 million
- CVC acquires interest in Clinical Waste Australia.
- CVC contributes funds to CVC Biz Vision.
- CVC contributes funds to CVC REEF.
- CVC acquires further 25% stake in the Chevron Renaissance shopping complex on the Gold Coast taking total holding to 50%
|
2000 |
-
CVC declares profit of $8.9 million.
- CVC acquires interest in Objectif.
- CVC acquires interest in Sirtex.
- CVC acquires interest in Kaz Computer Services.
- CVC sells its interest in Powerlan realising a capital gain of $2.3 M and representing an IRR of 460%.
- Kolback Group Limited changes name to Star Games and enters into arrangements with American gaming firm Williams to expand its presence in the US.
- CVC acquires interest in Ectec Limited
|
1999 |
-
CVC declares profit of $6.6 million
- Pacific Communications successfully relisted as Australasian Technology Corporation (ATC).
- Sunland Group Limited announces arrangement with Versace to badge developments.
- CVC acquires interest in Kolback Group Limited.
- CVC REEF (www.cvcreef.com.au), appointed the sole manager for the Federal Governments $30 M renewable energy equity fund. (CVCREEF is a joint venture between CVC Investment Managers, the managers of CVC Limited, and Magma Pty Ltd)
- CVC acquires interest in Powerlan.
|
1998 |
-
CVC declares $2.7 million profit after tax.
- Warringah Road Mosman development concludes successfully generating internal rate of return in excess of 25%.
- CVC successfully sell interest in ASX listed Pacific Communications via a trade sale of the assets and a subsequent sale of the listed public company.
|
1997 |
-
CVC declares $1.4 M profit after tax.
- CVC participates in a joint venture arrangement to construct the 403 room Legends Hotel on the Gold Coast in conjunction with Sunland.
- CVC participates in a further Raptis Group project to develop 'The Marrakesh'.
- CVC participates in joint venture with Rosecorp to develop 235 residential dwellings at Cape Cabarita in close proximity to the Sydney Olympic site.
- CVC invests in novel drug delivery company Skye Pharma.
|
1996 |
|
1995 |
-
CVC declares $16.9 M profit after tax.
- CVC successful in selling the interest in the 'A' satellite subscription television license for a profit of $15 M.
- CVC redeems first tranche of Redeemable Convertible Preference Shares.
- CVC introduces a share buy-back program.
|
1994 |
-
CVC declares $7.2 M profit after tax.
- CVC commences joint funding of Raptis Development 'The Moroccan'.
- CVC underwrites the initial public offering of Sunland Group Limited successfully
- raising $8 Million.
- CVC subsidiary Continental Century awarded the 'A' satellite pay television license.
- CVC commences subdivision in Beacon Hill with developer Rosecorp.
|
1993 |
- CVC declares $4 M profit after tax.
|
1992 |
- CVC becomes major shareholder in ASX listed company Macarthur National Limited.
|
1991 |
- $36.9 M Capital Raising from Convertible Redeemable Preference Shares - MIC program concluded.
|
1990 |
- $30 M Capital Raising from Convertible Redeemable Preference Shares.
|
1989 |
- $4.3 M Capital Raising from rights issue. $2.4 M Capital Raising from private placement.
|
1988 |
- CVC declares $4M profit after tax.
|
1987 |
- $4.0 M Capital Raising from rights issue.
|
1986 |
- $2.0 M Capital Raising from rights issue.
|
1985 |
- Awarded a Management and Investment Companies (MIC) Licence. Initial Public Offering $5.0 M.
|
1984 |
- Continental Venture Capital Limited (CVC) Incorporated
|
Corporate History