Cult Aussie skincare brand sold for an estimated $50m to Vita Green
Gold Coast-based skincare group Alpha-H, known for its Liquid Gold range, has been sold by global buyout firm The Riverside Company to a Hong Kong supplements company aiming to take the brand to Asian consumers.
The buyer, Vita Green, plans to accelerate Alpha-H's international expansion across Asia. It is believed that Alpha-H's sales reached about $20 million last year and that it is profitable.
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Herald Sun
22 minutes ago
- Herald Sun
Best custom build award winner scoops an auction win
An award-winning Gippsland house that's full of treasured family memories changed hands for $1.21m on the weekend. Owners Zoe McCarthy and her husband Paddy bought 51 Cashin St, Inverloch, about eight years ago. At the time, the block was home to an older beach house. RELATED: Gippsland: Former Saint Austinn 'Aussie' Jones and wife Kate list Bunyip house 'Triple vacuum sealed' Passivhaus breaks Inverloch house price record with $3.25m sale South Gippsland: Versace Castle, aka Villa Versace, hits the market – armoury and all Rather than demolish the residence, they gifted it to some people who moved it to a new location in Bass. The McCarthys then engaged Inverloch-based Baybuilt Homes and its director Bill Blundy to build them a four-bedroom house. Shaped like the letter C, the residence features a kitchen fitted with an engineered stone island bench, two living areas, a study nook, outdoor shower, undercover dining area and wraparound deck. 'We love our living area where you have one big open room with a pitched ceiling and skylights that allow a huge amount of natural light in, Ms McCarthy said. 'That's like the heart of the home because you've got the kitchen, dining and living space.' Along with their three children, they have hosted plenty of barbecues and Christmases. 'We just open the doors up and have everyone sitting outside on the deck,' Ms McCarthy said. Stepping inside the front door, a 'false entry' leads to the deck. It was inspired by a similar feature in Balinese-style pads, designed so that homeowners can avoid trekking sand and wet clothes through a house after visiting the beach. The abode even won a Master Builders' Best Custom Build award in 2024. 'We were pretty chuffed, I think there were 50-plus homes in the category,' Ms McCarthy said. While she and her husband were sad to sell the house, they are moving to be closer to family. Ray White Inverloch principal Fiona McMahon-Hughes said three bidders competed for the keys at Saturday's auction conducted by auctioneer Megan Harris. The home was announced on the market after bidding hit the $1m mark, with the final sales price delivering a sum $210,000 higher. Ms McMahon-Hughes said that the successful buyers, a family, were 'absolutely ecstatic'. 'The sellers were excited to hand over the keys to a lovely new family,' Ms McMahon-Hughes said. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Collingwood: 'The Lamington' pad's red hot auction result Dan Andrews' 'ghost' home legacy revealed as apartment towers stall $100m James Packer backed project's wellbeing, longevity boost
7NEWS
2 hours ago
- 7NEWS
Third.i plans $1.6 billion project to tackle housing crisis on Central Coast
Sydney-based property developer Third.i Group has announced plans for a master-planned housing community on the Central Coast to address the shortage of affordable new homes in the region. The $1.6 billion project at Charmhaven would deliver up to 2000 single-dwelling homes, almost 300 acres of protected environmental green space, a new K-12 school and a business park. The 494-acre site includes 200 affordable homes in partnership with community housing provider, Evolve Housing. The development's affordable housing initiative would provide essential workers, including nurses, teachers and allied care staff, the opportunity to rent a new home at below-market rates. "Third.i and our partners are delighted to be delivering this new master-planned community, helping address the chronic shortage of affordable new homes on the Central Coast," Third.i's head of acquisitions, Florian Caillon, said. "If approved, the rezoning will allow us to provide critical, enabling infrastructure such as roads, water and electricity, which will benefit the wider region - all at no cost to the NSW Government." If approved, the first new homes could be delivered within 36 months. "Third.i is working closely with the Central Coast Council, NSW Government Agencies, Evolve Housing, key unions, stakeholders and the local community, to shape this proposal," he said. "We are committed to creating a new, multi-faceted community which will provide a pipeline of affordable and sustainable housing, infrastructure and green open spaces for the fast-growing Central Coast." The development, located between the Pacific Highway and Arizona Road, would be the largest housing project on the Central Coast. Loading content... It has the potential to meet almost a quarter of the NSW Government's target of 9400 new homes to be completed in the region by 2029. The Central Coast's population is expected to surge to 404,250 by 2041. Around 60 per cent of the site will be preserved as conservation land, including a wildlife corridor connecting Lake Munmorah to the Watagan Mountains. "We're excited that we'll be transforming what's become a run-down, illegal waste dump, into 120 hectares of green open space for the public," he said. "This will include new sporting fields, walking trails and cycleways, which we will be funding in perpetuity for future generations. "We will be working with the region's best builders and offering residents a variety of single-dwelling housing options, and we're proud that 10 per cent of the development has been committed to affordable housing, allowing eligible low to medium income workers in the area to rent a home at below market rents." In addition to new housing, the project could include a school, St Philip's Christian College, catering to up to 1500 K-12 students. The new business park in Charmhaven will create more than 600 new operational jobs.
Herald Sun
2 hours ago
- Herald Sun
Virgin relists as ASX climbs, oil sinks
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. ASX jumps as war fears ease, and oil tanks Virgin lands back on ASX after $685m IPO Collins rockets, TWE pops, CBA breaks records The ASX came out swinging on Tuesday, jumping 1% by lunch time in the east as traders piled back into risk. Although energy stocks were whacked after crude prices plummeted 9% overnight, the rest of the ASX market had a ripper. The plunge in oil was triggered after Iran's retaliation to US strikes appeared to be all puff. The missile barrage in Iraq and Qatar didn't hit oil infrastructure, and the Strait of Hormuz wasn't blocked. Trump immediately declared a 'complete and total ceasefire' between Iran and Israel, even if Iran later said, 'eh, not quite'. Either way, it was enough for the ASX, Asian stock markets and US futures to rip higher this morning. Not surprisingly, though, local energy names felt the pinch. Woodside Energy Group (ASX:WDS) tumbled 7.5%, and Santos (ASX:STO) dipped 1.5%. But elsewhere, Commonwealth Bank (ASX:CBA) hit another intraday record, cracking $188.36 after topping its own Monday high. Over in the mining pits, Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) gained nearly 3% each. Tech darlings were also in the winners' circle, with WiseTech Global (ASX:WTC) climbing 4%, and NextDC (ASX:NXT) up by 2%. Source: Market Index In other large caps news, Treasury Wine Estates (ASX:TWE) put a grin on investor faces, rising as much as 6% after reaffirming earnings guidance and hinting at a 5% share buyback. Penfolds growth might slow next year, but TWE said it was still betting big on luxury wines, Asia and a fancy new premium division called Treasury Collective. And Collins Foods (ASX:CKF) absolutely exploded, up 18% despite reporting an 88.5% plunge in statutory net profit. The market seems to think the worst is over for Collins. Same-store sales are picking up, interest rates are starting to ease, and the company is still dishing out a 15c fully franked dividend. But, here's the main event today: Virgin Australia (ASX:VGN) has finally touched back down on the ASX runway. Virgin's shares opened at $3.15, up around 8% on its IPO price. After raising $685 million in a heavily oversubscribed IPO, Virgin is back on the boards, five years after it crashed into administration and delisted with $7 billion in debt. Bain Capital did the heavy lifting, turning the airline into a leaner mid-market player. Qatar Airways is still in with its 23% stake. The timing's not bad, too. Domestic travel's picking up, the ASX is in decent form, and oil prices are doing a nosedive today. Even Qantas (ASX:QAN) shares jumped 3.5% this morning on the oil news. Investors are also hoping Virgin's re-listing might finally break the post-Covid IPO drought and get some fresh names flying onto the ASX. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for June 24 : Security Description Last % Volume MktCap GBZ GBM Rsources Ltd 0.013 117% 43,344,251 $7,026,420 OLY Olympio Metals Ltd 0.080 86% 1,702,245 $3,786,894 AXP AXP Energy Ltd 0.002 50% 5,007,393 $6,684,681 JAY Jayride Group 0.002 50% 300,001 $1,427,889 MEL Metgasco Ltd 0.003 50% 100,000 $3,665,173 SRL Sunrise 0.950 46% 840,166 $71,647,874 OLH Oldfields Holdings 0.021 31% 153,166 $3,408,946 LOC Locatetechnologies 0.175 30% 2,693,178 $30,865,953 RML Resolution Minerals 0.050 25% 28,921,673 $26,325,061 AAU Antilles Gold Ltd 0.005 25% 2,763,007 $9,505,472 OVT Ovanti Limited 0.003 25% 2,268,516 $6,011,030 SRJ SRJ Technologies 0.005 25% 3,515,049 $2,422,312 TMK TMK Energy Limited 0.003 25% 7,209,330 $20,444,766 VML Vital Metals Limited 0.003 25% 5,118,290 $11,790,134 ICR Intelicare Holdings 0.006 20% 1,083,166 $2,430,941 KME Kip McGrath 0.500 19% 209,810 $23,901,019 CLG Close Loop 0.025 19% 4,659,180 $11,168,847 LMG Latrobe Magnesium 0.010 19% 4,674,674 $21,012,720 CKF Collins Foods Ltd 8.510 17% 2,023,315 $855,828,496 RPG Raptis Group Limited 0.041 17% 240,770 $12,273,970 AX8 Accelerate Resources 0.007 17% 950,236 $4,903,132 EXL Elixinol Wellness 0.014 17% 40,041 $2,752,699 FAU First Au Ltd 0.004 17% 5,654 $6,215,980 ID8 Identitii Limited 0.007 17% 530,000 $4,668,081 LU7 Lithium Universe Ltd 0.007 17% 371,510 $4,715,878 GBM Resources (ASX:GBZ) is raising $13 million through a placement to wipe out debt and ramp up exploration at its Twin Hills and Yandan gold projects in Queensland's Drummond Basin. It's bringing in heavyweight Ian Middlemas as chairman, along with Peter Fox and Robert Behets as new directors, as part of a broader board reshuffle. The raise clears all $6.2 million in convertible notes and ends a previous farm-in deal with Wise Walkers, who'll now join the register with a 20% stake. With zero debt and 1.84Moz in JORC gold resources, GBM says it's ready to go hard on drilling and unlock more gold across its 100%-owned tenements. Olympio Metals (ASX:OLY) has struck visible gold in the very first drillhole at its maiden program in Quebec's Bousquet gold project, hitting a nine-metre mineralised zone at the Paquin prospect from 183 metres down. The gold sits in smoky quartz veining loaded with sulphides and strong alteration, with more promising geology logged down to 286 metres. It's a strong start for a project located along the Cadillac Break, one of Canada's top-tier gold belts, and assays from the hole are due mid-July. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for June 24 : Code Name Price % Change Volume Market Cap ERA Energy Resources 0.002 -33% 5,870,740 $1,216,188,722 GMN Gold Mountain Ltd 0.001 -33% 86,623,800 $8,429,639 HLX Helix Resources 0.001 -33% 2,000,000 $5,046,291 JAV Javelin Minerals Ltd 0.002 -33% 2,670,345 $18,378,447 ANX Anax Metals Ltd 0.005 -29% 16,845,063 $6,179,653 AMS Atomos 0.003 -25% 5,490,704 $4,860,074 HCD Hydrocarbon Dynamics 0.002 -25% 2,185 $2,156,219 CUL Cullen Resources 0.004 -20% 1,366,467 $3,467,009 EE1 Earths Energy Ltd 0.004 -20% 808,300 $2,649,821 MEM Memphasys Ltd 0.004 -20% 125,000 $9,917,991 RLG Roolife Group Ltd 0.004 -20% 60,000 $7,963,906 BEL Bentley Capital Ltd 0.009 -18% 31,765 $837,407 BRU Buru Energy 0.025 -17% 4,475,430 $23,382,288 AN1 Anagenics Limited 0.005 -17% 8,940,000 $2,977,922 CYQ Cycliq Group Ltd 0.003 -17% 233,333 $1,381,550 DGR DGR Global Ltd 0.005 -17% 2,153,600 $6,262,176 GLL Galilee Energy Ltd 0.005 -17% 424,500 $4,243,157 SHP South Harz Potash 0.003 -17% 214,146 $3,308,186 TEG Triangle Energy Ltd 0.003 -17% 3,446,596 $6,267,702 GRV Greenvale Energy Ltd 0.031 -16% 195,148 $20,141,814 DME Dome Gold Mines Ltd 0.160 -16% 3 $79,159,949 HHR Hartshead Resources 0.006 -14% 140,000 $19,660,775 ODE Odessa Minerals Ltd 0.006 -14% 321,578 $11,196,728 CTN Catalina Resources 0.004 -13% 157,760 $9,704,076 ENV Enova Mining Limited 0.007 -13% 420,089 $11,660,801 IN CASE YOU MISSED IT Having encountered a substantial amount of supergene gold at the Gidji joint venture project, Miramar Resources (ASX:M2R) is launching a sub-audio magnetic survey in a bid to find the source. X2M Connect (ASX:X2M) has secured a $3 million public safety contract with the City of Seoul in South Korea for its smart personal safety devices. Sierra Nevada Gold (ASX:SNX) has returned high-grade gold from sampling at four historic tailings dams at its New Pass project in Nevada, USA. Magnetic Resources (ASX:MAU) has boosted contained gold resources at its Lady Julie project in WA's Laverton region by ~22% to 2.14Moz just days after signing a key native title agreement. LAST ORDERS Sovereign Metals' (ASX:SVM) conservation farming program in Malawi has drastically increased crop yields for local farmers, achieving four times the traditional yield and up to 10 times for the top performing farmer. SVM launched its conservation farming program as part of the development of the nearby Kasiya rutile and graphite project in 2024. An additional 260 farmers have joined since the original 90 trained with the program the previous planting season. Titanium Sands (ASX:TSL) executives have come away from a conference with the Ministry of Finance, Planning and Economic Development, and similar stakeholders in Sri Lanka with a firm belief the government is supportive of a heavy mineral industry. The company presented its view on frustrations and delays the project had encountered while focusing on solutions and where the Ministry could streamline the approvals process. At Stockhead, we tell it like it is. While Sovereign Metals and Titanium Sands are Stockhead advertisers, they did not sponsor this article. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Lunch Wrap: Virgin's ASX comeback lifts market mood as oil stocks slump
