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Quickstep Holdings Ltd ASX:QHL

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

31 Mar 2024 to today

Commentary Showing 2 of 6

DateManagerActionSummary

31 Dec 2024Cyan Investment ManagementHeldCyan Investment Management continues to hold Quickstep Holdings Ltd following a friendly takeover bid via a Scheme Implementation Deed at $0.575 with ADSAM — the holding company for Marand, which manufactures components for Lockheed Martin and the C-130 Hercules program. Cyan Investment Management notes the stock was previously trading at this level only a few months ago, sees potential for an increased bid or counteroffer given improving trading, and continues to hold in anticipation of a superior proposal or competing bidder.

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30 Nov 2024Cyan Investment ManagementHeldThe manager continues to hold because Quickstep Holdings received a takeover offer from ASDAM at $0.40, a 105% premium to last sale price, with ASDAM being the holding company for Marand, for which QHL does manufacturing work on Lockheed Martin and the C-130 Hercules program. The manager observes QHL has made significant progress restructuring operations including closing unprofitable business lines, and expects profitability to improve significantly in FY25. Despite the large premium, the manager notes the stock traded at this level only a few months ago and continues to hold in expectation of an increased bid or counteroffer, with a business valuation in progress expected to unlock further value.

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4 more comments on QHLPro shows every comment, with a link to each source document.

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First mention by manager

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Price at first mentionThe share price recorded when each of 1 managers first commented on QHL.

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About Quickstep Holdings Ltd

Industrials, Aerospace and Defense

Quickstep Holdings (ASX:QHL), an aerospace composite manufacturer, received a takeover offer after a strong rally. In December 2024, Cyan reported Quickstep was again its largest contributor, rising 41%. In November 2024, Cyan noted Quickstep received a takeover offer from ASDAM at 40 cents, a 105% premium. In July 2024, Cyan said it had been attracted to Quickstep's carbon fibre manufacturing and defence exposure, with the shares rising 127%. Quickstep Holdings operates in the Industrials sector within the Aerospace and Defense industry, and Thesis Tracker has captured 6 comments from 1 fund manager, Cyan Investment Management. Headquartered in Bankstown, Sydney, Quickstep manufactures advanced carbon fibre composite components for aerospace and defence customers, including parts for the F-35 Joint Strike Fighter and C-130J aircraft, with facilities in Sydney, Geelong and Dallas.

Market cap: $41m
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Quickstep Holdings Ltd (ASX:QHL)?

Fund managers including Cyan Investment Management have invested in Quickstep Holdings Ltd (ASX:QHL).

What opportunities or catalysts do fund managers highlight for Quickstep Holdings Ltd?

Cyan highlights the ASDAM takeover offer at a 105% premium and Quickstep's carbon fibre manufacturing for major defence programs.

What are the key risks to the Quickstep Holdings Ltd investment thesis, according to fund managers?

Cyan notes volatility, including falls of 19% to 27% in single months, and uncertainty around deal completion.

What does Quickstep Holdings Ltd (ASX:QHL) do?

Quickstep Holdings Limited (QHL) is an independent aerospace composite company in Australia, with facilities in Sydney, Geelong, Melbourne and Dallas. The group employs more than 300 people across Australia and internationally.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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