QUB qube holdings limited

Ann: Half Year Investor Presentation, page-6

  1. 11,180 Posts.
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    This suggestion from Bridget Carter of Data Room will be in 'The Australian' (print) on Tuesday 28 Feb 2023:

    "Qube Holdings’ move to offer more detail about the earnings of Patrick Terminals in its latest results has got the attention of some around the market at a time that speculation mounts Brookfield Asset Management is keen to stage an exit from the joint venture investment.

    Qube pointed out on page 16 of its half-year results presentation in bold all of what Patrick made for all of 2022, something the company did not do last year when reporting its half-year numbers.

    Separately, Qube signalled that acquisitions were on its agenda.


    Could this mean that Qube is looking to buy Brookfield’s 50 per cent share of the Patrick business?

    A large equity raising would be needed if that was the case, as buying an additional 50 per cent interest is expected to cost at least $2bn..."

 
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