Ralph Sarich Quotes

106 Ralph Sarich Quotes

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[In August 1989 on BHP backing the Orbital Engine Company back in the early 1970’s.] BHP has never received public recognition for its contribution. But the truth is, if it wasn't for BHP we wouldn't be here. They deserve everything they get out of it - and for their investment they have made an awful big return and they took a big risk.
Ralph Sarich

[In August 1989] We haven't had big Government handouts. I personally never received anything from the Government - but BHP gained support worth $5.6 million for us from the Government. Many other companies have received more than 50pc.
Ralph Sarich

[In August 1989] I don't think the Australian Government is going to change its position and, besides, I've committed to manufacture in America. I think my plate is full as far as commitments go.
Ralph Sarich

[In August 1989] If we'd announced an Australian manufacturing venture, by all past indications, our stock price would have fallen. But instead it went up. That has added $150 million to $200 million to the capitalised value of the company
Ralph Sarich

Even in recent times I’ve been called a conman and worse! Who have I conned? BHP, Ford and the banks who have invested in us? If so, how do they continue to do business with us?
Ralph Sarich

[In May 2003 on plans for the development of 200 apartments in Perth and a Mandurah development] I think demand is still there; it’s just an issue of whether the product is right.
Ralph Sarich

[In 2007 after having sold four commercial properties for $500 million and looking for alternative investments.] That’s our preferred direction [on property in the US], but if we found something in, say, the mining industry or even in technology, or anything like that, then that would be a good investment. We’re essentially looking for a good investment.
Ralph Sarich

[In 2007] We see opportunities in the US because there have been some new buildings and some people are getting stretched. Then we’re also going to look at Thailand, Singapore, Malaysia and Tokyo.
Ralph Sarich

[In 2007] We only have to have moderate gearing to be well over the $1 billion mark. And the gearing I’m talking about is only what we’ve got on our offices. Even though it shows up that we’ve sold almost $500 million, that had no gearing whatsoever.
Ralph Sarich

[In 2007] Generally companies, big institutions, would gear up to 70 to 80 percent, but we’d never go that high because I don’t want to take that sort of risk at my age. We can quite comfortably gear at around the 35 percent mark.
Ralph Sarich

[In 2007] It’s good to have a geographic spread.
Ralph Sarich

[In 2008 on a donation of $20 million to help develop the neurosciences wing of the $360 million research centre at Queensland Elizabeth Medical Centre in Nedlands in Western Australia. (Health Minister Jim McGinty said this donation was the largest philanthropic donation ever made in WA)] [It] will be tasked with finding new treatments for a host of conditions including head injuries, brain tumours, epilepsy and spinal problems. It will also work to address the heavy burden of Alzheimer’s disease that affects our community today.
Ralph Sarich

[In May 2009] Our development commitments are aimed at a range of residential markets, however, we believe the empty-nester demographic will prove to be the strongest market sector over the coming years, particularly for top-end developments.
Ralph Sarich

[In May 2009] After the economic turmoil of the past six to twelve months we are seeing an understandable degree of caution in the upper end of the [residential] market, but we believe the fundamentals that apply to the Noosa property market hold us in good stead into the future.
Ralph Sarich

[In May 2009] Noosa stands to perform well in a recovering market, based on a shortage of well-sized apartments in a very tightly held location.
Ralph Sarich

[In November 2009 on the property market] I think there’s going to be quite a bit of pressure still on the liquidation of assets. I’m surprised some of them have been able to hold through as long as they have.
Ralph Sarich

[In November 2009] I think there is going to be a little more blood-letting yet.
Ralph Sarich

[In November 2009 on Cape Bouvard concentrating on performance on equity as well as timing.] To do that, you need to be able to trade in and out of those assets. Traditionally, a lot of those assets have been looked at as a long-term, but I disagree with that strategy.
Ralph Sarich

[In November 2009] I don’t think any asset in today’s global economy can be looked at as long-term.
Ralph Sarich

[In November 2009] I don’t think it’s the right time to be going in to buy yet. I am not convinced the turnaround, certainly in WA, has moved as quickly as a lot of the press is purporting it has.
Ralph Sarich

[In November 2009] There’s still probably some rationalisation of assets which haven’t come into the market yet.
Ralph Sarich

[In November 2009] Perth’s still got a lot of space coming into the market, not only in new space but there’s still a lot of sub-leased space.
Ralph Sarich

[In November 2009] If you look closely, and end up buying any time in the next two or three year period, you’re going to be relatively safe in terms of the trough.
Ralph Sarich

[In October 2012] I put a considerable sum into the Fremantle Dockers when they got started, so I’m not against the game.
Ralph Sarich

[In October 2012 on plans for a $900 million football stadium at Burswood questioning the timing.] I just cannot comprehend why the priority is to build a new stadium rather than help struggling families desperate for housing.
Ralph Sarich

I’m quite happy working 12 hours a day… I don’t worry about money.
Ralph Sarich

Bonus

[Donating money is] A lot better feeling than making money from business. It gives you a sense of immense satisfaction that you can help people in that way.
Peter Sarich (The son of Ralph and Pat Sarich)

[On Ralph Sarich in November 1976] A hard but fair taskmaster with a dominant and intense personality.
Dr Swinkels (A researcher who worked alongside him for three years)

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