QUB - Qube Holdings

[Dona Ferentes]

50/50 chance the share price will stay above the 1.95 issue price, x capital raise they will have a pile of cash and a somewhat recession proof business, on one escapes the global recession 100% though.

with QUB's current debt level mid-range at 35%, the *1 for 6.35* raise will lower debt to 24%. So, yes, well positioned for Moorebank expansion + possible takeovers, as the company states. I wonder which targets?

And kudos for an accelerated non-renounceable pro rata Entitlement Offer that will raise approximately $500 million. No-one is too disadvantaged

 

[So_Cynical]

Market liked the capital raise - up 16% today to 2.56 close now trading ex entitlement.

 

[Dona Ferentes]

and a long-term anchor tenant

QUB has exchanged two Agreements for Lease and two Development Management Agreements with the Woolworths Group to develop new major warehousing across 26 hectares at Moorebank Logistics Park, the largest intermodal logistics precinct in Australia

Both leases, comprising a 40,700 sqm national (NDC) and a 34,600 sqm regional (RDC) distribution centre are on initial 20 year terms with 6 x 5 year options.

The new facility for Woolworths will consolidate operations into a unique purpose built high bay facility, leveraging world leading advancements in retail, supply chain and semiautomated and automated technology.

 

[So_Cynical]

QUB trading above $3 again, taken a while but the current and long term trend is up, slowly up, now if we can just get the SP to stay above $3 for a few months. I think they were very close to doing a deal with a REIT for a big chunk of Moorebank, SP should pop on the news.
~

 

[Dona Ferentes]

Qube has delivered a 32 per cent rise in annual net profit to $221.9 million and boosted its dividend after its Patrick stevedoring business benefited from strikes at rival DP World.

Earnings from Patrick ports, in which Qube has a 50 per cent stake, jumped 24 per cent to $378.9 million. Profits also rose at Qube’s general logistics and bulk haulage businesses.

There were losses on its new automated Moorebank import-export terminal in south-western Sydney, which connects with Port Botany, with rail haulage volumes below expectations.

Qube will pay a final dividend of 5.15¢ to bring its total dividend to 9.15¢, up 13 per cent from a year earlier.

Qube expects its operating division to deliver strong overall underlying earnings growth in fiscal 2025. Both the logistics and infrastructure and ports and bulk business units are expected to deliver higher earnings.