Australian (ASX) Stock Market Forum

QRN - QR National

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This is still on the up. Should i worry about the bonus shares and sell them now; take the money and run.:) what will they be like in 12 months?? They are picking up some contracts and the floods have not been negative to the SP.
 
:2twocentsMost of the posts re QRN were pretty negative. Those who posted seemed to know their stuff but the sp has marched on to $3.42,as at 01/04/11. What is the attraction for this stock? Does the demand come from overseas Investors, I recall hearing that it was those investors that gave QRN such a promising start or does it come from local investors especially institutional investors? Since 28/03 it has risen by 5% with volumes around 70 ml. As a newbie to this game those figures suggest that those "in the know" have spotted something that is not so readily apparent to others.:confused:
 
As stated, coal, with GAPE (Goonyella to Abbot Point Expansion) and iron ore, with a push into the mid west of Western Australia (I assume the Pilbara is off limits) are two key focal points for QR. Coal movement to port is growing year upon year but with additional competition, mainly from Pacific National in Qld., customer satisfaction through reliability, on time delivery and realistic rates are in QR's interest.

Coal demand equals a growing business while freight movement may go rail if truck (due to high oil/fuel) rates go high.
 
Report from Commsec.


A few days ago, Australia’s largest rail freight operator, QR National (QRN) said it expects 660 voluntary redundancies to occur by June 30. QRN shares gained strongly yesterday however have now fallen back to Monday’s trading levels. QRN is down 3.08 pct or 11 cents to $3.46.
 
Wysiwyg said:
As stated, coal, with GAPE (Goonyella to Abbot Point Expansion) and iron ore, with a push into the mid west of Western Australia (I assume the Pilbara is off limits) are two key focal points for QR.
Click to expand...

QR National secures an iron ore haulage agreement with Gindalbie. QR to spend on locomotives, wagons, rail infrastructure and W.A. employees. They don't make these decisions for one or two years in a fading iron ore market. Gotta love the no-idea pessimist posters on this forum. (regarding bear markets and China collapse rararara)
 
Nice agreement secured by leading freight and coal haulage company, QR National. Construction due to begin in 2012.
 
Well I've read trough from the start of the thread, there's a few who I'll ignore because they should be eating humble pie now :p: Just like Telstra, QRN has been a good investment despite the fact that it was a huge inefficient govt (& Mason) run joke. Yes Telstra too because I somehow got out at the right time (outtoosoon actually). Had an itchy finger over the QRN sell button for quite a while but it's still doing well, yesterday was a big hiccup open 3.90 close 3.75 but still trending up, so as always the question is when do we/I pull the plug?
 

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Obvious profit taking but to know when the daily trend is at the end would cost several profit points.
 
watnee said:
:2twocentsMost of the posts re QRN were pretty negative. Those who posted seemed to know their stuff but the sp has marched on to $3.42,as at 01/04/11. What is the attraction for this stock? Does the demand come from overseas Investors, I recall hearing that it was those investors that gave QRN such a promising start or does it come from local investors especially institutional investors? Since 28/03 it has risen by 5% with volumes around 70 ml. As a newbie to this game those figures suggest that those "in the know" have spotted something that is not so readily apparent to others.:confused:
Click to expand...

As with Telstra, what was on offer was tax payer funded infrastructure, difficult to value & run buy a bunch of lazy, nepotic fools, unlike Telstra the infrastructure isn't going the way of the dinosaur ie copper cable is out of date but freight trains aren't about to be replaced by hover cars anytime soon;) I love criticising mobs like Telstra & QLD Rail but to extend my loathing to a share float as some here obviously have is foolish :p:
It might be way too late to get on the bandwagon now but who knows. The fact that I'm thinking about selling after a good profit is meaningless as I'm called "out too soon" for a reason ;)
Getting rid of all the no-hopers in the staff at QRN is a slow process & finding & training up new staff employed & promoted on merit will also take a long time. Telstras biggest problem has been trying to replace the entrenched dead-weight but it's a battle royal when every apprentice was employed because of who he was related to & every promotion was based on who bent over nicely with his pants down at the last secret Masonic lodge meeting :cool: (haha, I love airing their dirty laundry for them )
 
Out Too Soon said:
A planned share buy back http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01341016 plus healthy out-look plus an upward break-out type triangle on the chart:eek: (hey I know what it is even if I can't put a name to it :eek: ). Guess I'll be holding this one for quite a bit longer :) (The dividend cheques are nice too) ((I'd buy more but they're already a large part of my portfolio)) :xyxthumbs
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Can you have too much of a good thing? ;)
Have been in since IPO.

Close yesterday was $3.82.
Sale of 288.2 million to Qld Gvt after EGM on 21/11/12 @ $3.47
- same price of 5.9% of QRN to a group of institutions recently.
So with Qld Gvt having a net residual interest of 18.2% (33.9% atm) and $1 billion cash on 21/11/12 how can Newman complain about Bligh's selling the state's assets?
QRN will pay out of its existing debt facilities.

I'm naive... how long will EPS accretion take, notwithstanding QRN should not have liquidity concerns?
Prospective share equity is the reason for the hike in SP since the on-market buyback closed on 5/10/12 prior to the govt-buyback announcement on 8/10 = huge volume ($150m) of institutional purchase!

Hmm. The original notice for 7/11/12 was AGM -- and QRN name change.
Date change so I'll be back from Melbourne for it.
 
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