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QUB, QUBE HOLDINGS LIMITED
nipper
post Posted: Jul 20 2019, 01:31 PM
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QUOTE
new $2.1 billion Moorebank freight hub near Sydney's Port Botany will benefit from rising demand for automated warehouses by online retailers that want to be close to both ports and consumers, a new survey from UBS has found.

Qube plans to have its Moorebank freight hub, which will start operating later this year and will have a rail link to Port Botany, fully automated by 2022. The hub will contain some 850,000 square metres of warehousing. Retailer Target is already building one warehouse at Moorebank, while Qube is currently building two more. One of the Qube warehouses will be operated by the logistics company on behalf of several tenants, while the other will be leased to third-party tenants, including a third-party logistics group.

US online retailer Amazon has occupied a warehouse in Moorebank near the freight hub, but is not a tenant of Qube.

UBS, which has surveyed 130 warehouse managers to assess their needs, found that companies increasingly want access to automated equipment and that some 60 per cent believe being close to a port is a key factor in choosing warehouse locations. "Tenants are choosing to locate themselves in close proximity to urban locations driven by changing purchasing behaviour of consumers and e-commerce," UBS said. "The result is that demand is outstripping supply."

- after trading rangebound in low to mid 2's for a few years, QUB has been on the up since April,... now $3.11



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 21 2019, 06:35 PM
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Qube Holdings has attributed a slowdown in container volumes through its Patrick ports joint venture to weakness in the housing market as it delivered a 36 per cent increase in interim net profit to $61.5 million. Group revenues rose 5 per cent to $837 million.

Qube will pay an interim dividend of 2.8¢ per share, up 3.7 per cent on a year earlier, and a special dividend of 1¢ per share.

Qube's shares closed up 5¢, or 2 per cent, to $2.86. The stock is up 14 per cent in the year to date



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 15 2019, 10:45 AM
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Two short-listed for Lumsden Point cargo development at Port Hedland
Daniel NewellThe West Australian
Monday, 14 January 2019 1:03PM

QUOTE
Pilbara Ports Authority will give Qube Bulk and Melbourne International RoRo & Auto Terminal the opportunity to draw up plans to build and operate Lumsden Point.


https://thewest.com.au/business/infrastruct...-ng-b881073040z




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Aug 23 2018, 03:16 PM
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looking at QUB Annuals, and seeing all the challenges - delays, underutilisation, slow uptake, planning challenges, coordination with regulatory authorities, etc - the company has still managed to do well, carve out a space in what is sometimes only a margins plus environment. But the other string to the val bow, physical assets, seems to have helped
QUOTE
Qube has warned that rail operations at its new Moorebank freight up will be delayed by up to six months. A rail link from Moorebank to the Southern Sydney freight line will not be completed until mid 2019 due to delays in receiving planning approvals, including a new environmental protection licensee. The logistics group has previously said it was confident of having trains running to and from Port Botany by March 2019.

The delay is not expected to have a material impact on the project's returns, Qube managing director Maurice James said. The rail link will be ready around the same time that warehouses on the Moorebank site are completed, which will help create demand for rail services to move freight between the hub and Port Botany, he said.

Qube also revealed it was having "a commercial dispute" with the Moorebank Intermodal Company (MIC), the Commonwealth entity overseeing the freight hub's development. The dispute is over $40 million Qube has spent and is trying to reclaim for preparation works, including demolishing buildings, on land owned by MIC.

Qube and MIC own adjoining sites at Moorebank and teamed up to develop the freight hub in early 2017.

Interest from potential customers in warehouses at Moorebank remained "considerable" and Qube is talking to "several parties," Mr James said. But the company did not announce any new tenants.

The expense of building the two warehouses, which will be paid by Qube, as well as an automated import-export rail terminal has pushed up the forecast cost of building and developing the Moorebank freight hub to around $642 million from $400 million previously. Qube has already spent $197 million on development.

Qube has appointed Kalmar Global to deliver the automated rail terminal, with equipment deliveries scheduled to start in late 2019.

Net profits rose 158 per cent from $77.3 million a year earlier after Qube revalued industrial properties it earns rent from in NSW's Moorebank and Minto at higher rates, partially due to rising property prices.

"The whole market in southwest Sydney has increased significantly in the last 12 months," Mr James said.

Underlying net profit after tax rose 4.5 per cent to $106.8 million, boosted by higher earnings in its ports and bulk division and Patrick ports.

Underlying earnings exclude property revaluation gains of $163.2 million and an additional $3.3 million writedown on Qube's 25 per cent stake in vehicle storage and transportation business Prixcar, bringing the full year impairment to $9.3 million.

Qube owns 50 per cent of Patrick in a joint venture with Brookfield Infrastructure, and received $61.6 million in cash from the container ports business over the past 12 months. Patrick's volumes rose 7.8 per cent in the 12 months to June, and Qube said the container ports group had gained market share in the second half.

Qube announced a special dividend of 2¢ per share in addition to a final dividend of 2.8¢ per share due to the strong cash flows from Patrick.

Earnings before interest taxation depreciation and amortisation (EBITDA) rose 19.2 per cent to $87.6 million in Qube's ports and bulk division, helped by strong vehicle imports and forestry exports. "Diversification is the story," Mr James said. But EBITDA in the logistics divisions fell 5 per cent to $62.8 million as the NSW drought hurt grain volumes.

Group revenue rose 17 per cent to $1.77 billion. Qube's shares were up 16¢ per share to $2.70 in early trading on Thursday.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 26 2016, 11:37 AM
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In Reply To: nipper's post @ Mar 17 2016, 01:50 PM

QUOTE
Australia's antitrust regulator raised concerns about the 8.92 billion Australian dollars (US$6.41 billion) bid for rail-and-port operator Asciano Ltd. (AIO) from a consortium led by Canada's Brookfield Infrastructure Partners LP and Australia's Qube Holdings Ltd. (QUB).

The Australian Consumer and Competition Commission said market participants have expressed concerns about the integration of Asciano's Patrick container-terminals business with two of the largest import-export container logistics providers in Australia, Qube and Australian Container Freight Services. ACFS partners with Asciano's Patrick ports business in a 50-50 joint venture.

"The ACCC is concerned that Patrick container terminals may provide preferential access to Qube and ACFS vehicles, and Qube regional export trains running into Port Botany, and raise rivals' costs," said Commission Chairman Rod Sims. "Qube and Brookfield will each own 50% of Patrick container terminals, and may have parallel incentives to favor their landside logistics operations."

Brookfield and Qube in March teamed up with a group of specialist infrastructure, pension and sovereign-wealth funds to offer A$9.15 a share for Asciano, putting an end to a long bidding war.

Brookfield Infrastructure began its pursuit of Asciano in late June. Four months later, a group led by Qube Holdings signaled it was considering a rival bid, saying that a tie-up between Asciano's and its ports businesses would improve the Australian transportation market.

Qube, Brookfield and investors including the Qatar Investment Authority plan to create a joint venture to buy Asciano's Patrick container-terminals business, which runs ports in cities including Sydney and Melbourne and is the largest handler of container cargo entering or leaving the country, for A$2.92 billion. Brookfield and its co-investors will buy Asciano's bulk and automotive ports-services business, which transports things as diverse as cars and grain, and the 50% interest in the ACFS Port Logistics joint venture for A$925 million.

Releasing a statement of issues Thursday, the ACCC said it is concerned the deal could prompt foreclosure of rival stevedores.

"Market participants have suggested that if Patrick gives favorable treatment to the container logistics operations of both Qube and ACFS, then Qube and ACFS may provide a superior service offering to importers and exporters on condition that they use shipping lines calling at Patrick container terminals. This may lessen competition in stevedoring," Mr. Sims said.

The Commission has invited further submissions from industry participants and expects to make its final decision on July 21.
DJ Newswire



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 17 2016, 01:50 PM
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retail offer for QUB rights: 1 new for every 4.4 held @ $2.05

Pulled in $250 million through rights share placement to institutional investors as part of the fund raising; nearly 92 per cent of entitlements had been taken up by insto's, with shares offered at $2.05 each.

The retail portion of the offer is to raise another $244 million .... non-renounceable and fully underwritten (so get in early < QUB is trading @ $2.31 today>)

Qube will separately raise another $306 million from a share placement to Canadian fund CPPIB at a higher price of $2.14 per share.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 


nipper
post Posted: Mar 15 2016, 07:03 AM
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looks like an ASX-listed company will retain part of of Asciano
QUOTE
Qube has been putting the finishing touches on a $750 million-odd equity funding package on Monday night which, provided the many moving parts could come together in time, was expected to launch on Tuesday and underpin its acquisition of Asciano's ports business.

Qube was expected to ask its existing shareholders to tip in close to $450 million via a renounceable rights issue. The rights issue was expected to be priced at $2 to $2.10 a share, which would be a high-single digit discount to the last close. Brokers UBS and JPMorgan will call for institutional bids, having underwritten the deal. The other part of the raising is a $300 million strategic placement to Canada Pension Plan Investment Board, representing a 9.9 per cent stake in Qube.

Street Talk understands CPPIB has committed to pay above the rights issue price for the stake, in an effort to appease Qube's existing shareholders. CPPIB's direct investment will make it Qube's second largest investor, behind The Carlyle Group and marginally in front of fund manager Perpetual Investments.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: PeterH  
 
nipper
post Posted: Nov 21 2012, 12:32 PM
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In Reply To: ShareScene.com's post @ Nov 21 2012, 12:23 PM

QUOTE
Company name updated -

From: QUBE LOGISTICS HOLDINGS LIMITED (QBE)
To: QUBE HOLDINGS LIMITED (QBE)


suspect the code is QUB !!!



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
ShareScene.com
post Posted: Nov 21 2012, 12:23 PM
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Company name updated -

From: QUBE LOGISTICS HOLDINGS LIMITED (QBE)
To: QUBE HOLDINGS LIMITED (QBE)

Regards, ShareScene.com

 
ShareScene.com
post Posted: Aug 25 2011, 12:26 PM
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Name updated by request:

From: QUBE LOGISTICS (QUB)

To: QUBE LOGISTICS HOLDINGS LIMITED (QUB)

Regards, Sharescene.com 

 
 


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