Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Qube Holdings Limited
  6. News
  7. Summary
    QUB   AU000000QUB5

QUBE HOLDINGS LIMITED

(QUB)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Qube : Australia watchdog to probe Qube takeover of Newcastle grain terminal

10/06/2021 | 09:25pm EST

(Reuters) - Australia's competition regulator said on Thursday it would investigate potential issues arising from logistics firm Qube Holdings' recent acquisition of a bulk grain terminal at the Port of Newcastle in New South Wales.

Qube on Sept. 8 said it would buy the Newcastle Agri Terminal for A$90 million ($65.55 million) and finished the transaction by the end of last month.

The Australian Competition and Consumer Commission (ACCC) said on Thursday that Qube did not provide enough time to review the deal as the company completed the transaction within weeks of announcing it.

"By choosing to proceed before the ACCC had a chance to conduct its review, Qube and the former owners of the Newcastle Agri Terminal are exposed to potential legal action by the ACCC," ACCC Chairman Rod Sims said in a statement.

Concerns raised by market participants include the dominance Qube would hold in the supply chain for delivery of bulk grain to the Port of Newcastle after the transaction, the watchdog said.

Qube said the agreement did not allow for a delay in finalising the deal, adding it was "disappointed" the ACCC had chosen to continue with the investigation.

($1 = 1.3731 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2021
All news about QUBE HOLDINGS LIMITED
12/07Intellect Design Arena Secures Contract from State Bank of India
MT
11/25Canada tells Boeing its bid for C$19 billion fighter jet contract falls short - source
RE
11/22Strandline Resources Hires Qube Arm for Transport and Storage Services at Coburn Projec..
MT
11/10Chairman's Address and MD Presentation 2021 AGM
PU
11/08OSI Systems Subsidiary Secures $5 Million Order for Patient Monitoring Services
MT
10/20OSI : Secures $4 Million Order for Patient Monitoring Systems
MT
10/07Qube Holdings Limited Announces Ordinary Full Franked Paid Dividend for the Six Months ..
CI
10/07GLOBAL MARKETS LIVE : General Motors, Apple, Tesco, Sika, Fortescue...
10/07QUBE : ACCC investigates Qube's completed acquisition of Newcastle Agri Terminal
AQ
10/07QUBE : Australian Competition Watchdog to Investigate Qube's Acquisition of Grain Export F..
MT
More news
Financials
Sales 2022 2 229 M 1 596 M 1 596 M
Net income 2022 164 M 117 M 117 M
Net Debt 2022 1 221 M 874 M 874 M
P/E ratio 2022 38,6x
Yield 2022 1,99%
Capitalization 6 317 M 4 528 M 4 523 M
EV / Sales 2022 3,38x
EV / Sales 2023 3,14x
Nbr of Employees 6 500
Free-Float 95,1%
Chart QUBE HOLDINGS LIMITED
Duration : Period :
Qube Holdings Limited Technical Analysis Chart | QUB | AU000000QUB5 | MarketScreener
Technical analysis trends QUBE HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 3,29 AUD
Average target price 3,44 AUD
Spread / Average Target 4,50%
EPS Revisions
Managers and Directors
Paul Joseph Digney Managing Director & Director
Paul Lewis Chief Financial Officer
Allan Davies Non-Executive Chairman
Sam Kaplan Deputy Chairman
Ross Andrew Burney Non-Executive Director