Queste Communications Ltd (ASX:QUE) Quarterly Activities Report
Investment Overview
Queste Communications Ltd (QUE) continues to maintain a strong position with a 59.86% ownership stake in Orion Equities Limited (OEQ). As of 31 December 2024, QUE holds 9,367,653 shares valued at $1,498,824, reflecting Orion’s recent market activity. Additionally, QUE possesses an investment in Bentley Capital Limited, amounting to 1,225,752 shares worth $12,258. This brings QUE’s total investment portfolio market value to $1,511,082.
Business Activities & Expenditure
During the current quarter ending 31 December 2024, QUE focused on managing its asset investments. The total expenditures for QUE were reported at $104,000 compared to $181,000 for the consolidated entity, which includes expenditures by OEQ. Notably, recoveries from shared office arrangements contributed positively to QUE’s cash flow, highlighting efficient cost management.
Cash Flow Details
Cash flows from operating activities showed net cash usage of $14,000 for QUE and $27,000 for the consolidated entity. The cash and cash equivalents at the end of the quarter were reported at $8,000 for QUE, while the consolidated figure reached $4,224,000. QUE anticipates having sufficient funding available for future operations, with an estimated 156.4 quarters of funding based on current cash reserves.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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