Is Qube a good investment?
According to my valuation model, the stock is currently overvalued by about 32%, trading at AU$3.13 compared to my intrinsic value of A$2.37. This means that the opportunity to buy Qube Holdings at a good price has disappeared! This is based on its high beta, which is a good indicator for share price volatility.
Who owns Qube?
Qube Holdings
Qube Holdings is a diversified logistics and infrastructure company in Australia….Qube Holdings.
| Type | Public |
|---|---|
| Founder | Chris Corrigan |
| Headquarters | Sydney , Australia |
| Key people | Paul Digney (Managing Director) Allan Davies (Chairman) |
| Revenue | $1.7 billion (2019) |
Why is Qube share price falling?
Today, the Qube share price is falling as the ACCC embarks on an enforcement investigation into the company’s latest acquisition. If the acquisition is found to be anti-competitive, the ACCC could order Qube to divest the Newcastle Agri Terminal or declare the transaction void.
Is Qube a good company?
Well structured and friendly job environment QUBE Logistics provided a great learning opportunity. I experienced a different aspect of logistics and forklift operations. From an employee’s point of view it was a very good company and workplace to be a part of.
Does Qube own Patricks?
Qube, as part of the Qube/Brookfield consortium, owns 50% of Patrick Terminals.
Who owns Patricks?
Qube Holdings
Brookfield Asset ManagementAsciano Limited
Patrick Corporation/Parent organizations
Does Qube own Watco?
Logistics giant Qube has added a stake in Intermodal Group, Fremantle Port’s container to rail operator, to its half-share in Fremantle container terminal operator Patrick. WestBusiness understands Qube has taken a significant but minority interest in Intermodal, which had been wholly owned by US firm Watco.
Who owns Patrick terminals?
Patrick Corporation/Parent organizations
2016. Patrick Terminals was acquired by a consortium of Qube Holdings and Brookfield Infrastructure Partners.
What does Qube Holdings Limited do?
Qube Holdings Limited, together with its subsidiaries, provides logistics solutions for import and export supply chain in Australia. Qube Holdings Limited’s ( ASX:QUB ) dividend will be increasing to AU$0.035 on 22nd of October.
Is Qube’s dividend sustainable?
Qube pays an annual dividend of A$0.05 per share and currently has a dividend yield of 1.71%. The dividend payout ratio of Qube is 96.15%. Payout ratios above 75% are not desirable because they may not be sustainable.
How many shares does QUB have on issue?
See Director Transactions for all ASX companies. The current holdings of QUB directors. The Top 20 Shareholders of QUB hold 70.9% of shares on issue. As reported in the most recent Annual Report. The most recent Annual Report didn’t contain Shareholder Distribution data.
What is the total consideration of the Qube merger?
Total consideration is in the order of AUD 90 million which will be funded through Qube’s existing undrawn debt facilities. There are conditions precedent to be satisfied common with a transaction of this nature and subject to these, completion will occur on September 30, 2021.
