Join our investing community

QR National IPO

Discussion in 'Shares' started by level3, 10th Oct, 2010.

  1. level3

    level3 Member

    Joined:
    12th Jun, 2009
    Posts:
    10
    Location:
    Syndey, NSW
    Hi All

    With the release today saying the the shares will be less than $3 per share and a minimum purchase of $2000.

    What are the thoughts on this IPO - worth buying in or not??
     
  2. Waimate01

    Waimate01 Well-Known Member

    Joined:
    26th May, 2008
    Posts:
    157
    Location:
    Sydney
    Poor yield. Unfranked, which makes me wonder if the profits are real. And if the mining boom falters, so will QR. Doesn't get me excited.
     
  3. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    I wouldn't touch it.
    Railways is an expensive and highly unionised industry and there isn't much money in it.
    The QLD gov has realised this and wants out.
     
  4. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    What is the maximum$ purchase of shares?






    Johny.
     
  5. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
  6. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    As I hold index funds, I will end up an an owner of some QR shares. This float is a big one, meaning I could be holding a lot. I wonder if anybody knows the QR capitalisation percentage versus the the ASX200 market capitalisation. For instance BHP is 13% of the market.



    Thanks,
    Johny.
     
  7. Superman

    Superman Well-Known Member

    Joined:
    6th Nov, 2007
    Posts:
    343
    Location:
    Gold Coast, QLD
    I was also looking at QR National, but after reading this article (and some other research) I decided against it.

    Too much required in capital expenditure and too low a dividend yield.

    Come on Anna Bligh - if it is such a good company - why are you trying to sell it? :rolleyes: