In a note, JP Morgan analyst Ben Brayshaw said Qube would offload about 75 per cent of its interest in the $2bn facility, releasing capital to allow the group to pay off debt and invest in ramping up Moorebank’s production capacity, increasing return on capital employed from 4 to 6 per cent.The logistics operator has been hit by the coronavirus crisis, with its share price falling from a record high of $3.61 in January by around a third and a withdrawal of its earnings guidance on April 6.The analyst note said increased investment in the Moorebank facility would see an additional $100m of earnings produced per year over the next decade and earnings per share growth of 7 per cent per annum between 2022 and 2030.
https://www.theaustralian.com.au/business/dataroom/qube-sale-gets-tick-of-approval/news-story/69e4dabaff2d6ea69655562e880ef92a
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Last
$4.32 |
Change
-0.005(0.12%) |
Mkt cap ! $7.633B | |||
| Open | High | Low | Value | Volume |
| $4.32 | $4.34 | $4.30 | $1.291M | 298.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 29681 | $4.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.32 | 12050 | 17 |
View Market Depth
| Last trade - 11.47am 28/07/2025 (20 minute delay) ? |
| QUB (ASX) Chart |