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??
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.
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.
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.
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?
