Queste Communications

What Queste Communications does

Queste Communications Ltd (ASX: QUE) is an Australian investment holding company that has been listed on the Australian Securities Exchange since 1998. Despite its name, the entity does not operate a telecommunications business; its sole material asset is a controlling 58.9% interest in Orion Equities Limited (ASX: OEQ), another ASX-listed investment company. The company's principal activities are investment management, maintenance of its share registry (outsourced to Automic), facilitation of dividend payments, and dissemination of financial results and ASX market announcements to shareholders via its corporate website and email newsletter.

The company serves ASX shareholders and prospective investors, providing exposure to a diversified investment portfolio through ownership of QUE. It has a very lean operating structure of 1-10 employees, a registered office in Perth (Level 28, 1 Spring Street), and a share registry support function in Sydney (Level 5, 126 Phillip Street). There are no technology products, no proprietary software, and no pricing model — revenue mechanics are driven entirely by the performance of the underlying Orion Equities holding, with shareholder returns flowing through dividends and NAV changes.

The business model is that of a passive-to-active listed investment company: Queste generates returns for shareholders primarily through its controlling stake in Orion Equities and any other portfolio holdings, rather than through the sale of goods or services. Communications with shareholders occur via ASX market announcements, annual reports, half-year reports, quarterly reports, monthly cash flow reports, and an opt-in newsletter subscription. The company is led by founder and chairman Farooq Khan, with public-shareholder ownership distributed across the ASX.

Name

Queste Communications

Legal name

Queste Communications Ltd

Website

https://queste.com.au

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Queste Communications Ltd (ASX: QUE) is an Australian investment holding company listed since 1998 that controls a 58.9% stake in ASX-listed Orion Equities Limited, serving ASX shareholders through investment returns and dividends.

Ownership category

akta.pro rank

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others

Distribution channels2 records

Marketing channels3 records

Core offering

Queste Communications Ltd is an ASX-listed investment holding company (ASX Code: QUE) that has been listed on the Australian Securities Exchange since 1998. The company holds a controlling 58.9% interest in Orion Equities Limited (ASX Code: OEQ) and conducts investment management, maintains its share registry, distributes dividends to shareholders, and communicates financial results through ASX market announcements, annual reports, and monthly cash flow reports.

Product overview

Queste Communications Ltd is an ASX-listed investment company (ASX Code: QUE) that has been listed on the Australian Securities Exchange since 1998. The company operates as an investment holding company with a controlling 58.9% interest in Orion Equities Limited (ASX: OEQ). The company does not offer technology products or services; its primary business activities involve investment management, maintaining its share registry, facilitating dividend payments, and communicating financial results to shareholders through its website which provides access to ASX market announcements, annual reports, half-year reports, quarterly reports, and monthly cash flow reports.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Holding in Orion Equities Limited
• Share Registry Services
• Financial Reporting and ASX Disclosures

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Orion Equities LimitedcoreOthersQueste Communications Ltd holds a controlling interest (58.9%) in Orion Equities Limited (ASX: OEQ), an ASX-listed investment company. Orion Equities Limited is a subsidiary controlled by Queste Communications.

Scale indicators1 record

Recent moves1 record

Expansion highlights2 records

Direct peers

• Australian Foundation Investment Company: One of Australia's largest LICs (ASX: AFI). Both companies are ASX-listed investment vehicles that hold diversified portfolios of listed equities for long-term shareholders, sharing the same LIC operating model and regulatory framework.
• Djerriwarrh Investments: ASX-listed LIC (ASX: DJW) employing a similar LIC structure with an active option-writing strategy overlay. Directly comparable as a small-cap Australian LIC operating under the same regulatory and tax framework as Queste.
• WAM Capital: ASX-listed LIC (ASX: WAM) managed by Wilson Asset Management. While externally managed (unlike Queste), it shares the LIC structure, retail shareholder base, and focus on Australian equities income investing.
• Orion Equities Limited: ASX-listed investment company (ASX: OEQ) in which Queste holds a 58.9% controlling interest. Both entities operate as Australian LICs with overlapping shareholder bases and similar investment-holding structures, making Orion the closest direct peer.
• Carlton Investments: Long-standing ASX-listed LIC (ASX: CIN) with a concentrated, low-turnover portfolio. Comparable to Queste in structure, long holding periods, and family/founder-aligned governance style.
• BKI Investment Company: ASX-listed LIC (ASX: BKI) focused on Australian equities with a dividend-focused mandate. Comparable to Queste as a closed-end listed investment vehicle serving retail and institutional yield-seeking shareholders.
• Argo Investments: Established ASX-listed LIC (ASX: ARG) managing a diversified portfolio of Australian equities. Operates with a similarly low-cost LIC structure and long-term investment mandate as Queste.
• Washington H. Soul Pattinson: Major ASX-listed investment house (ASX: SOL) holding diversified listed equities. While significantly larger, it operates the same LIC framework and provides a benchmark for how scale affects LIC multiples and shareholder returns.

Broad incumbents

• Magellan Financial Group: Larger Australian asset manager (ASX: MFG) managing investment funds with LIC-style vehicles in its product range. Comparable as a broad incumbent in the Australian LIC/fund-management ecosystem serving similar retail investors.
• Perpetual Limited: Diversified Australian wealth manager (ASX: PPT) with LIC-style investment products and significant LIC management mandates. Operates as a broader incumbent in the Australian listed investment company ecosystem in which Queste participates.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/mqueste-communications-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Queste Communications