Optimism for Raptis

THE Australian Government has a good reason for wanting the latest revival of developer Jim Raptis’s listed Raptis Group to succeed and boost the company’s share price.

Canberra holds 859,000 Raptis shares, apparently as a result of a deed of company arrangement with creditors that kept the company alive after a near-death experience in 2008.

The holding is dwarfed by that of founder and chairman Jim, who owns 63 per cent of the group’s 153 million shares, which last traded at 0.6¢ each.

Picture: AAP IMAGE The $1 billion Coomera Town Centre project is triggering other developments in this growth corridor on the Gold Coast.

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