QRN - QR National

Julia · 20 September 2010

Re: QR National IPO: Good or bad?

joea said:
Well Anna is trying to sell us something we already paid for.

Exactly.

Heard an interview with some 'specialist' in this area who was warning investors about getting too enthusiastic about this float. He suggested there is much old infrastructure which needs expensive replacement and which won't be taken into account in the IPO financial figures.

I never touch floats. Plenty of time to buy in if they're successful.

BrightGreenGlow · 20 September 2010

Re: QR National IPO: Good or bad?

This is a good point Julia. The current Newlands like is very old CT technology and open wire telemetry. Does the GAP project figure into the float.. did the Government say they would pay for it???

BrightGreenGlow · 20 September 2010

Re: QRNational IPO good or bad?

So_Cynical said:
I wonder if QRN owns the tracks/network or if its just the rolling stock etc. :dunno:

QRN owns EVERYTHING coal related to QR. control, track, drivers, maintenance, rollingstock everything Coal.

And you're wrong about the dependant... you obviously don't know how much money is wasted on derailments/dewirements..... MASSIVE Millions per hour... Government cant pay for this cost once its privatized.

Smurf1976 · 21 September 2010

Re: QRNational IPO good or bad?

BrightGreenGlow said:
Of course that wouldn't affect it much but only silly people will buy QR. Rail is too dependant on everything going right. Remember the Vic, Tasmania and PN-NZ rail? Failures. The only successful privately owned rail is that Canadian one... BNSC or w/e its called.

The problem isn't rail per se, but rather the reality that private owners have a habit of running it into the ground through a short term focus until it literally stops functioning at all.

So_Cynical · 21 September 2010

Re: QRNational IPO good or bad?

BrightGreenGlow said:
QRN owns EVERYTHING coal related to QR. control, track, drivers, maintenance, rollingstock everything Coal.

And you're wrong about the dependant... you obviously don't know how much money is wasted on derailments/dewirements..... MASSIVE Millions per hour... Government cant pay for this cost once its privatized.

So it is a monopoly..its a licence to print money, RIO is totally dependant on those tracks to move there coal....while im sure there's lots of waste (i used to work for a Govt Dept ) im also sure that those issues would be addressed over time.

Same as they were with Telstra and the commonwealth bank....some of you Qlders are really getting your Bananas in a twist over this...he he .

laurie · 21 September 2010

Re: QR National IPO: Good or bad?

Could buy half of what you want from the float [insurance if it goes up] then your other half to average your cost down if it falls after the float then again there is this sweetener

Loyalty bonus Shares
Simply hold onto your Shares allocated through the QR National Share Offer for a specified period of time. The number of loyalty bonus Shares you receive will be based on the number of Shares you are allocated and hold. When you receive them, loyalty bonus Shares provide an additional effective discount by increasing the number of Shares you hold for no additional payment.

laurie

gsnz1 · 21 September 2010

Re: QR National IPO: Good or bad?

Quote:
Loyalty bonus Shares
Simply hold onto your Shares allocated through the QR National Share Offer for a specified period of time. The number of loyalty bonus Shares you receive will be based on the number of Shares you are allocated and hold. When you receive them, loyalty bonus Shares provide an additional effective discount by increasing the number of Shares you hold for no additional payment.

That is a concerning statement. a) This means further dilution. b) If it as good a deal as Qld Govt makes out its going to be, why would they need to give people "loyalty shares"? Surely if its a good company to invest in, people will hold onto their shares anyways.

BrightGreenGlow · 21 September 2010

Re: QRNational IPO good or bad?

So_Cynical said:
So it is a monopoly..its a licence to print money, RIO is totally dependant on those tracks to move there coal....while im sure there's lots of waste (i used to work for a Govt Dept ) im also sure that those issues would be addressed over time.

Same as they were with Telstra and the commonwealth bank....some of you Qlders are really getting your Bananas in a twist over this...he he .

You can address a derailment? lol
Ohh mate.... you have nooo idea.... lol

Wait until QRN runs the infrastructure into the ground and see who has to rebuy it. LOL

laurie · 21 September 2010

Re: QR National IPO: Good or bad?

gsnz1 said:
That is a concerning statement. a) This means further dilution. b) If it as good a deal as Qld Govt makes out its going to be, why would they need to give people "loyalty shares"? Surely if its a good company to invest in, people will hold onto their shares anyways.

I don't think there will be any further dilution I may be wrong but maybe these shares will come from the Government holdings

laurie

So_Cynical · 21 September 2010

Re: QRNational IPO good or bad?

BrightGreenGlow said:
You can address a derailment? lol
Ohh mate.... you have nooo idea.... lol

Ok ill play ... why do QRN trains derail? is this not to do with the usual govt employee Incompetence? am i missing something here? :dunno:

Please explain John. im my mind trains derail due to either.

Mechanical failure (wheel falls off train/tracks not straight, two far apart etc)
Human error (switch in wrong position/driver somehow thinks red means green)

I think that about covers it.

robusta · 21 September 2010

Re: QRNational IPO good or bad?

So_Cynical said:
So it is a monopoly..its a licence to print money, RIO is totally dependant on those tracks to move there coal....while im sure there's lots of waste (i used to work for a Govt Dept ) im also sure that those issues would be addressed over time.

Same as they were with Telstra and the commonwealth bank....some of you Qlders are really getting your Bananas in a twist over this...he he .

got to love investing in a monoploy but can QR National set prices? or is it controlled by legislation.

boofhead · 21 September 2010

Re: QRNational IPO good or bad?

So_Cynical said:
Ok ill play ... why do QRN trains derail? is this not to do with the usual govt employee Incompetence? am i missing something here? :dunno:

Please explain John. im my mind trains derail due to either.

Mechanical failure (wheel falls off train/tracks not straight, two far apart etc)

Human error (switch in wrong position/driver somehow thinks red means green)

I think that about covers it.

Land slips. It happened recently in Tasmania.

So_Cynical · 21 September 2010

Re: QRNational IPO good or bad?

boofhead said:
Land slips. It happened recently in Tasmania.

Central Queensland was pretty flat the last time i was there....ok flash floods.

BrightGreenGlow · 23 September 2010

Re: QRNational IPO good or bad?

So_Cynical said:
Ok ill play ... why do QRN trains derail? is this not to do with the usual govt employee Incompetence? am i missing something here? :dunno:

Please explain John. im my mind trains derail due to either.

Mechanical failure (wheel falls off train/tracks not straight, two far apart etc)

Human error (switch in wrong position/driver somehow thinks red means green)

I think that about covers it.

lol... Drivers going to fast, points moving, heat buckles, floods, level crossing accidents, flat wheels, broken rail... the list goes on.

It takes one of these things to go wrong and you see 3km long trains in the dirt sprawled out..

Here is the black mountain one:
http://www.home.railscene.com/zanatta/blakmt01/blakmt01.html

BrightGreenGlow · 23 September 2010

Re: QRNational IPO good or bad?

robusta said:
got to love investing in a monoploy but can QR National set prices? or is it controlled by legislation.

Pacific National also run on the Goonyella system.

joea · 23 September 2010

Re: QR National IPO: Good or bad?

Hi.
Think of it this way.
When somebody buys a second hand vehicle, they are looking to get almost a new vehicle at a second hand price.
On the other hand the seller is trying to sell a second hand vehicle for almost a new price.
They do not equate, so when you buy, you will soon find out any problems.
Note ***** after you buy.!!!
I have read somewhere one of the coal suppliers are thinking of doing their own deal.
Politicians know the tax payer has an unlimited supply of money, they can even ensure it.
The problem is they cannot seem to understand that the tax payer it much better informed these days, and are demanding value for money.

Finally it is obvious that there is going to be a wake up call for some state governments in the very near future.
Cheers

Boggo · 23 September 2010

Re: QR National IPO: Good or bad?

Why am I reminded of Telstra every time I see this ad for QR National

McCoy Pauley · 23 September 2010

Re: QR National IPO: Good or bad?

For those Eureka Report subscribers, there are a couple of articles in yesterday's edition that might be of interest. They certainly don't paint a rosy picture, but in deference to Alan Kohler's business model, I won't divulge more than that.

So_Cynical · 23 September 2010

Re: QR National IPO: Good or bad?

Boggo said:
Why am I reminded of Telstra every time I see this ad for QR National

Some people did great outa Telstra....

http://www.aph.gov.au/library/pubs/chron/2003-04/04chr03.htm said:
The Telstra share offer opened on 15 October 1997. By the close of applications on 3 November 1997, 1.8 million Australians had applied for shares. Of the Telstra employees eligible to subscribe for shares under the Telstra employee share scheme, 92 per cent took up the offer. Shares were issued at $3.30 payable by two instalments: the first $1.95 ($2.00 for institutions) payable on application and the second $1.25 ($1.30 for institutions) payable in November 1998.

Telstra shares were first traded on the Australian stock exchange on 17 November 1997, opening at $2.60 with a high of $2.75 before closing at $2.67, a premium of 37 per cent.

Peaked at just over $9 in October/November 1998...so a lazy 170+% yep Telstra was a disaster only for those that held past the top.

poverty · 23 September 2010

Re: QR National IPO: Good or bad?

So_Cynical said:
Some people did great outa Telstra....

Peaked at just over $9 in October/November 1998...so a lazy 170+% yep Telstra was a disaster only for those that held past the top.

But who the hell could have known where the top was?

QRN - QR National

Julia

In Memoriam

BrightGreenGlow

BrightGreenGlow

Smurf1976

So_Cynical

The Contrarian Averager

laurie

gsnz1

BrightGreenGlow

laurie

So_Cynical

The Contrarian Averager

robusta

boofhead

So_Cynical

The Contrarian Averager

BrightGreenGlow

BrightGreenGlow

joea

Boggo

McCoy Pauley

Get out of here Budweiser!

So_Cynical

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poverty

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