Billionaires back offshore natur al...A d v e r t i s e m e n t Brett Blundy has followed some of...
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Advertisement Brett Blundy has followed some of his billionaire buddies onto Queen's Road Capital's share register. Louise Kennerley Street Talk Print article Billionaires back offshore natural resources play Sarah Thompson, Anthony Macdonald and Tim Boyd Feb 18, 2020 — 9.33pm It’s usually counter-cyclical investments that make the most money. The trick is being liquid enough to pounce with conviction at just the right time. So when a bunch of ultra high-net-worths pour money into the same investment, it’s a sure sign it’s much more than a bit of a gamble. Street Talk can reveal retail billionaire Brett Blundy and advertising mogul John Singleton have both jumped into Canadian-listed natural resources play Queen's Road Capital, as has ASX-listed investment company Washington H. Soul Pattinson. The trio join mining magnate Andrew Forrest who invested via his private vehicle Squadron Resources, and Hungry Jack's founder Jack Cowin, through his company Corom Pty Ltd, on the share register. It is understood Blundy tipped $CA13 million into Queen's Road, while Singleton picked up a stake worth $CA5 million, after Aitken Murray Capital Partners fronted high net worth investors over the last month in a private funding round that raised $CA84 million. Cowin and Forrest both invested $CA25 million into the Warren Gilman-chaired company as part of the capital raising. Street Talk Save Share
Transcript of Billionaires back offshore natur al...A d v e r t i s e m e n t Brett Blundy has followed some of...
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Brett Blundy has followed some of hisbillionaire buddies onto Queen's RoadCapital's share register. Louise Kennerley
Street Talk Print article
Billionaires back offshore naturalresources playSarah Thompson, Anthony Macdonald and Tim Boyd
Feb 18, 2020 — 9.33pm
It’s usually counter-cyclical investments that make the most money. The trick is being
liquid enough to pounce with conviction at just the right time. So when a bunch of ultra
high-net-worths pour money into the same investment, it’s a sure sign it’s much more
than a bit of a gamble.
Street Talk can reveal retail billionaire Brett Blundy and
advertising mogul John Singleton have both jumped into
Canadian-listed natural resources play Queen's Road
Capital, as has ASX-listed investment company
Washington H. Soul Pattinson.
The trio join mining magnate Andrew Forrest who
invested via his private vehicle Squadron Resources, and
Hungry Jack's founder Jack Cowin, through his company
Corom Pty Ltd, on the share register.
It is understood Blundy tipped $CA13 million into
Queen's Road, while Singleton picked up a stake worth
$CA5 million, after Aitken Murray Capital Partners
fronted high net worth investors over the last month in a
private funding round that raised $CA84 million.
Cowin and Forrest both invested $CA25 million into the Warren Gilman-chaired
company as part of the capital raising.
Street Talk
Save Share
Queen's Road is hoping to take advantage of poor investor sentiment in the North
American mining market and will invest its capital into public and private resources
companies in the region, as well as other parts of the globe.
Investments will mainly focus on convertible debt securities and resource projects in
advanced development.
Chairman Gilman – who threw $CA5 million into the funding round – has had a long
association with Hong Kong's richest man Li Ka Shing and the company's head office is
in Hong Kong.
As part of the investment, Cowin's Canadian-based son Michael gained a seat on the
Queen's Road's board alongside Gilman and Don Roberts, who is a non-executive
director of a number of Li Ka Shing related vehicles in Hong Kong.
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Street Talk Capital raising Mining Brett Blundy John Singleton Jack Cowin
Andrew Forrest
Sarah Thompson has co-edited the Street Talk column since 2009,
specialising in private equity, investment banking, mergers & acquisitions
and equity capital markets stories. Prior to that she spent ten years in London
as a markets and M&A reporter at Bloomberg News and Dow Jones
Newswires. Email Sarah at [email protected]
Anthony Macdonald co-edits the Street Talk column, specialising in private
equity, investment banking, mergers & acquisitions and equity capital
markets. He has 10 years' experience as a business journalist and previously
worked at professional services firm PwC, auditing and advising financial
It's one week until the $1.8 billion healthcare group Healius hands down itshalf-year results.
HLS $2.88
-2.70%
Demand for Wesfarmers' up for sale stake in Coles has meant the dealis covered at the bottom of the range, according to a message sent to fundies.
COL $16.75
-0.95%
Wesfarmers was selling a $1.1 billion stake in Coles Ltd in an after marketblock trade on Tuesday afternoon.
WES $45.25
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Tim Boyd is a journalist for The Australian Financial Review based in Sydney.
Connect with Tim on Twitter. Email Tim at [email protected]
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