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QRN - QR National

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Re: QRN - QR National IPO

Two silly questions.

Why buy something we already own, which theoretically through income keeps our taxes down (what a joke).

If this is so good why on earth would you sell it.

This will be a dud. There are many other ways to blow your money.
 
Re: QRN - QR National IPO

Has anyone here decided to buy or are you waiting to see what the float price will be if you are interested getting into QR or not interested at all!.

laurie
 
Re: QRN - QR National IPO

Not a lot to go for really!
The Dividend will not be fully franked but I expect that they will go well.
The QLD government will not want upset the Queenslander's and will support the price initially if it looks like bombing (IMO).
There is a lot of resistance to the sale in the state.
The retail price will be $2.40 or thereabouts according to the pundits.

Personally I am leaving this one alone.
 
Re: QRN - QR National IPO

gpappy56 said:
Two silly questions.

Why buy something we already own, which theoretically through income keeps our taxes down (what a joke).

If this is so good why on earth would you sell it.

This will be a dud. There are many other ways to blow your money.
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Agreed, there are many other ways to blow your money. If anyone has their heart set on picking up shares in an ex government-owned investment, maybe they should consider TLS instead. At least it is paying a decent dividend yield.

Much like TLS, QRN will not perform as well as people are saying. I'm not saying it isn't a good business, i just think that 2.50 to 3.00 is way too high a price to pay for it. The PE multiple works out to be approx 20. People were willing to take on stocks with a PE of 20 prior to the GFC, but 20 is too high when compared with the longer-term PE's of the broader market.

I will be holding onto my pennies and getting into it when it hits $1.50 within 2 years.
 
QR National Shares

Hey just wandering if anyone has the new Qr National share offer package yet? And what do you think of it. Make it or break it?
 
Re: QRN - QR National IPO

I was thinking of buying into the IPO as i think it will be well supported by the QLD Government initially who will not want this float to bomb. However, re-considering, i dont think it is wise to invest for that reason alone so will probably wait and see what happens for a month or two.
 
Re: QR National Shares

lamta20 said:
Hey just wandering if anyone has the new Qr National share offer package yet? And what do you think of it. Make it or break it?
Click to expand...

I have a brochure for souvenir and good teaching material for my kids some 15 years from now :D
 
Re: QRN - QR National IPO

I am going to say that QRN will deliver a small stag for the retail guys in the first few days, as long as the overall market doesn't fall into the abyss.

Reasons:

- Low broker interest means lower end of the price range.
- QRN is large enough to attract the likes of index funds who are mandated to buy
- Retail discount of 10c at the lower price end provides a decent buffer

But I am guessing it will only be a matter of 2-5% and probably not worth the trouble for many.
 
Re: QRN - QR National IPO

Won't be touching this with a barge pole after the Bris connect and Rivercity fiascos. Absolutely no credibility left in the Queensland Government. I certainly hope their projected costs and earnings were not carried out by the same company that formulated projected traffic flows for the Rivercity project.:eek:
 
$2.80 and all quiet in here... I was tempted to get on board but could not justify it.
 
Aren't the lead managers able to 'support' the share price for this first week or so? It is yet to be seen what sort of impact this has had on the trading this week.

Either way, I still feel that $2.80 is massively over priced for a company like this, even if they do meet those aggressive profit targets that they have set.

I have my long term price target set at about half of what it is trading at now, approx $1.45. And i will be waiting patiently for the hype to die down and for it to get to that level before pulling the trigger on it.
 
Re: QRN - QR National IPO

skc said:
I am going to say that QRN will deliver a small stag for the retail guys in the first few days, as long as the overall market doesn't fall into the abyss.

Reasons:

- Low broker interest means lower end of the price range.
- QRN is large enough to attract the likes of index funds who are mandated to buy
- Retail discount of 10c at the lower price end provides a decent buffer

But I am guessing it will only be a matter of 2-5% and probably not worth the trouble for many.
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$2.80 so a nice 14% for those retail holders who bought at $2.45.

Everyone was bearish on this and, as usual, turns out that most people were wrong. Even my bullish sentiment only predicted 2-5% profit...
 
Re: QRN - QR National IPO

skc said:
$2.80 so a nice 14% for those retail holders who bought at $2.45.

Everyone was bearish on this and, as usual, turns out that most people were wrong. Even my bullish sentiment only predicted 2-5% profit...
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A good one to be contrarian on. I threw 30k at it.

A few arbs however, in the mix of peasants, being major shareholders, so lets see how it goes.

They may cause problemos for the price.

gg
 
Nice hindsight tade GG ;)

It has surprised me as well. Apparently o/s investors are buying up, but why they would do it now instead of buying before the float i dont know
 
yeah I was very surprise it do so well :)

The business isn't that crash hot, didn't like the way it deploy capital and the return it generated but that is the market each person buy different stuff :D

Trouble is most fund managers dont have a choice but buy up due to the large size of fund they control...

We small investor has size advantage and can pick and chose

Also Oversea investors love a grow story ... buying stock in the US is all about capital grow
good old boring stable dividend doesn't cut it for them
 
It will be interesting to see how the share price holds up in a months time when the QLD government and the investment banks are no longer propping the price up.

http://www.theage.com.au/business/g...o-keep-qr-national-afloat-20101121-182le.html

Reading this, it was pretty much a guarantee that it would not go lower than the issue price

Seems to be a lot of overseas buyers at the moment and big volume going through for the first few days.
 
prawn_86 said:
Nice hindsight tade GG ;)

It has surprised me as well. Apparently o/s investors are buying up, but why they would do it now instead of buying before the float i dont know
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Yeh, ha ha, hindsight trades are best.

Any time I let out I'm buying a stock it goes south and selling it goes north.

So I only now brag about my winners.

gg
 
I think I remember talking about how QRN will be affected by weather, derailments etc... and that the board members cannot do anything about it... well this was proven true within 6 months.. a nice PNational derailment/wirement and now the floods. :banghead:
 
BrightGreenGlow said:
I think I remember talking about how QRN will be affected by weather, derailments etc... and that the board members cannot do anything about it... well this was proven true within 6 months.. a nice PNational derailment/wirement and now the floods. :banghead:
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QRN has gone quiet.
 
Surprised upward movement in price $2.92 with all the floods and storms. Press release stating some lines will be quickly reopened. Seems the price is a little overly positive. More rail movements are expected to handle the backlog or something?
 
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