A director at Qube Holdings Limited bought 20,450 shares at 3.870AUD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The independent financial analyst theScreener just allocated a lower risk rating to QUBE HOLDINGS (AU), active in the Transportation Services industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date February 19, 2021, the closing price was AUD 3.06 and it...
Global Equities Beginning a New Leg Higher Positive technical developments have continued and global equities are now breaking out to new highs -- something we noted was increasingly likely in last week's Int'l Compass. These breakouts and other technical developments highlighted below argue that this is the beginning of a new leg higher. Now is the time to be playing offense. • MSCI ACWI, EAFE, and STOXX Europe 600 are Breaking Out. The ACWI, EAFE, and STOXX 600 are making bullish inflectio...
Narrow-moat-rated Qube Holdings is fairly valued at present, trading at a small premium to our unchanged AUD 2.62 fair value estimate. Earnings are growing relatively strongly in fiscal 2019, mainly on a marked improvement in the resources sector benefiting the ports and bulk business. Longer term though, Qube’s main attraction is the logistics division, which should benefit hugely from the Moorebank intermodal development. With Moorebank close to opening, we reiterate our view that potential ...
Qube Holdings is a port and logistics operator focused on the import/export supply chain for containerised and bulk products. Qube also provides automotive and general stevedoring services. Port and logistics volumes have traditionally grown at rates equal to or above gross domestic product. However, Qube's strategy to consolidate a fragmented industry should deliver above-market rates of growth and scale benefits. Qube also holds a stake in two industrial land sites in southwest Sydney, at Moor...
Narrow-moat-rated Qube Holdings is fairly valued at present, trading at a small premium to our unchanged AUD 2.62 fair value estimate. Earnings are growing relatively strongly in fiscal 2019, mainly on a marked improvement in the resources sector benefiting the ports and bulk business. Longer term though, Qube’s main attraction is the logistics division, which should benefit hugely from the Moorebank intermodal development. With Moorebank close to opening, we reiterate our view that potential ...
Shares in narrow-moat-rated Qube remain fairly valued following a pleasing first-half fiscal 2019 result, with solid volume growth in ports and bulk and Patrick driving underlying NPAT of AUD 65 million, 20% ahead of the previous corresponding period, or pcp, and slightly outpacing our prior expectations. The firm retained guidance of "solid" adjusted NPAT growth in fiscal 2019, albeit not as strong as the first half. We upgrade our forecasts marginally and increase our fair value estimate by 3%...
Shares in narrow-moat-rated Qube remain fairly valued following a pleasing first-half fiscal 2019 result, with solid volume growth in ports and bulk and Patrick driving underlying NPAT of AUD 65 million, 20% ahead of the previous corresponding period, or pcp, and slightly outpacing our prior expectations. The firm retained guidance of "solid" adjusted NPAT growth in fiscal 2019, albeit not as strong as the first half. We upgrade our forecasts marginally and increase our fair value estimate by 3%...
Qube Holdings is a port and logistics operator focused on the import/export supply chain for containerised and bulk products. Qube also provides automotive and general stevedoring services. Port and logistics volumes have traditionally grown at rates equal to or above gross domestic product. However, Qube's strategy to consolidate a fragmented industry should deliver above-market rates of growth and scale benefits. Qube also holds a stake in two industrial land sites in southwest Sydney, at Moor...
Shares in narrow-moat-rated Qube remain fairly valued following a pleasing first-half fiscal 2019 result, with solid volume growth in ports and bulk and Patrick driving underlying NPAT of AUD 65 million, 20% ahead of the previous corresponding period, or pcp, and slightly outpacing our prior expectations. The firm retained guidance of "solid" adjusted NPAT growth in fiscal 2019, albeit not as strong as the first half. We upgrade our forecasts marginally and increase our fair value estimate by 3%...
Based on commentary at its annual general meeting, narrow moat Qube appears to be tracking slightly ahead of original guidance for "solid" net profit growth in fiscal 2019. Volumes are up across most areas, though competitive pressure on margins remains. With intense competition and global uncertainty, we remain comfortable with our prior forecast for EPS to grow 14% in fiscal 2019. We maintain our AUD 2.55 per share fair value estimate and consider Qube fairly valued at current prices. Logisti...
Based on commentary at its annual general meeting, narrow moat Qube appears to be tracking slightly ahead of original guidance for "solid" net profit growth in fiscal 2019. Volumes are up across most areas, though competitive pressure on margins remains. With intense competition and global uncertainty, we remain comfortable with our prior forecast for EPS to grow 14% in fiscal 2019. We maintain our AUD 2.55 per share fair value estimate and consider Qube fairly valued at current prices. Logisti...
Based on commentary at its annual general meeting, narrow moat Qube appears to be tracking slightly ahead of original guidance for "solid" net profit growth in fiscal 2019. Volumes are up across most areas, though competitive pressure on margins remains. With intense competition and global uncertainty, we remain comfortable with our prior forecast for EPS to grow 14% in fiscal 2019. We maintain our AUD 2.55 per share fair value estimate and consider Qube fairly valued at current prices. Logisti...
Narrow-moat Qube Holdings reported a solid fiscal 2018 result, with underlying NPAT increasing 4% to AUD 107 million, in line with our expectations. More importantly, management pointed to solid growth in 2019. The outlook is improving in a couple of areas, mainly at the Patrick stevedoring business and the ports and bulk business. We make minor upgrades to our medium-term earnings forecasts and increase our fair value estimate 6% to AUD 2.55. At the current price, Qube is roughly fairly valued...
Narrow-moat Qube Holdings reported a solid fiscal 2018 result, with underlying NPAT increasing 4% to AUD 107 million, in line with our expectations. More importantly, management pointed to solid growth in 2019. The outlook is improving in a couple of areas, mainly at the Patrick stevedoring business and the ports and bulk business. We make minor upgrades to our medium-term earnings forecasts and increase our fair value estimate 6% to AUD 2.55. At the current price, Qube is roughly fairly value...
While we remain highly supportive of Qube's long-term strategic direction, its demanding valuation metrics and growing near-term risks temper our enthusiasm. We downgrade our earnings forecasts on softer price increases in the logistics division and at Patrick container terminals. Our fiscal 2018 and 2019 net profit after tax forecasts fall 3% and 5%, respectively. We also assume a slower ramp-up of the Moorebank intermodal terminal. These changes result in our fair value estimate falling 4% to ...
Narrow-moat Qube Holdings reported first-half fiscal 2018 underlying NPAT down 13.5% to AUD 53.7 million. However, we estimate NPAT rose a few per cent after adjusting for contributions from Asciano and the acquisition of Patrick container terminals in the prior period. The result is tracking in line with out full-year expectations, and we leave our near-term earnings forecasts largely unchanged. We make some modest reductions to our longer-term forecasts around the speed of Moorebank's ramp up,...
Narrow-moat Qube Holdings reported first-half fiscal 2018 underlying NPAT down 13.5% to AUD 53.7 million. However, we estimate NPAT rose a few per cent after adjusting for contributions from Asciano and the acquisition of Patrick container terminals in the prior period. The result is tracking in line with out full-year expectations, and we leave our near-term earnings forecasts largely unchanged. We make some modest reductions to our longer-term forecasts around the speed of Moorebank's ramp up,...
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