should be worth 50 cents, page-10

Awesome1,

Totally agree with you. It absolutely amazes me this is trading at $2.90 with the numbers in the prospectus. Just crazy.

Return on equity of 3%, current PE of 34. This stock is not even worth close to $2.

All holders will have to be hoping massive growth in earnings for this stock to keep trading at these levels. Plus massive debt being taken on in the coming years and not to mention the repair bill from the events in QLD. After reading the prospectus and running the numbers there is no way I was going anywhere near this.

I mean you look at Telstra. They were trading well above their true value for numerous years until the share price fell down considerably to its value. The same is sure to happen to QRN in the years to come. How many years is anyones guess.

It just reaked of another Telstra and you wait til this bubble burst and all the mum and dad investors are up in arms about a failing shareprice.