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Publicly listed industry firms outperformed the stock market in 2014, despite significant falls in the share price of several prominent companies.
The All Ordinaries rose 1.4 per cent between January 2 and December 29, while 17 industry stocks reported average growth of 4.8 per cent.
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Those figures excluded Genworth, which was only listed on May 20. Despite the late start, Genworth's share price increased by 23.0 per cent during the year.
Centrepoint Alliance was the big winner in 2014 with 53.8 per cent growth. Centrepoint is the parent company of aggregator Centrepoint Lending Solutions, which recently changed its name from Australian Loan Company.
AMP Bank's parent company, AMP, also made impressive gains, jumping 26.4 per cent. AMP Bank increased its residential mortgage book by 9.3 per cent during the 2013/2014 financial year.
Yellow Brick Road rose 11.1 per cent after completing the $53.6 million buyout of aggregator Vow Financial and mortgage manager Resi Mortgage Corporation.
The big four banks posted mixed results. There were gains of 10.5 per cent for Commonwealth Bank and 3.1 per cent for Westpac, while ANZ remained practically unchanged and NAB fell 3.3 per cent.
Four non-major banks or their parent companies enjoyed growth: Bendigo & Adelaide Bank by 8.7 per cent, Suncorp Group by 7.9 per cent, Macquarie Group by 6.5 per cent and Bank of Queensland by 2.2 per cent.
Rubik Financial, which acquired Stargate's technology division in June, fell 30.4 per cent after a weak end to 2014. Rubik's price started the year at 28 cents, peaked on July 28 at 53 cents and then steadily declined to 19.5 cents.
Firstfolio's share price lost 30.0 per cent during 2014, although next year may be kinder after the group recently announced plans to change its name, roll out new technology and double settlements.
Homeloans experienced a 25.9 per cent drop in its share price after reporting falling profits and revenues for the last financial year.
Mortgage Choice's share price fell 17.2 per cent to $2.40, after starting the year at $2.90 and peaking on August 14 at $3.19. The reason for the decline is unclear, because Mortgage Choice posted record annual results followed by strong first-quarter results.
The year also falls of 10.2 per cent for Wide Bay Australia and 3.5 per cent for MyState.
[Related: More winners than losers in strong 2013/14]
