Queste Communications Ltd: Monthly Cash Flow Report - December 2024
QUE (QUE) Share Update January 2025 Tuesday 7th
Queste Communications Reports Positive Cash Flow Amidst Financial Adjustments
Queste Communications Ltd has released its monthly cash flow report for December 2024, highlighting a positive cash flow and significant financial maneuvers.
Instant Summary:
- Net cash from operating activities was positive at $4,000 for the current month.
- Net cash from investing activities shows a $3,000,000 gain due to iron-ore royalty termination.
- Queste holds a 59.86% stake in Orion Equities Limited.
- Cash and cash equivalents increased to $8,000 by the end of the month.
Operating Activities
Queste Communications Ltd reported a net cash inflow of $4,000 from operating activities for December 2024. This was achieved despite significant outflows for staff costs, which totaled $23,000 for the month. The company received $2,000 in interest, contributing positively to the cash flow.
Investing Activities
In a notable development, Queste Communications recorded a $3,000,000 cash inflow from investing activities. This was primarily due to the termination of an iron-ore royalty, which provided a substantial boost to the company's cash reserves. No other significant investments or disposals were made during the month.
Financing Activities
There were no significant cash flows from financing activities for the current month. However, the company has a loan facility agreement with Orion Equities Limited, allowing for up to $400,000 in unsecured borrowing, which matures on 31 December 2025.
Cash Position
Queste Communications ended the month with $8,000 in cash and cash equivalents, marking an increase from the previous month's balance. The company's liquid assets, including investments in Orion Equities Limited and Bentley Capital Limited, supplement its cash reserves.
The positive cash flow from operating activities, combined with the significant gain from the iron-ore royalty termination, positions Queste Communications favorably for future financial stability. The company's strategic stake in Orion Equities Limited further enhances its financial outlook.
Investor Reaction:
Analysts may view the positive cash flow and significant investment gains as encouraging signs of financial health. However, the reliance on a single large transaction for cash inflow could be seen as a risk factor.
Conclusion:
Investors should keep an eye on Queste Communications' future financial reports to assess the sustainability of its positive cash flow. The company's strategic investments and financial maneuvers will be key to maintaining investor confidence.