I did consider QRN as a possible investment but elected to pass on the basis QRN's pricing didn't respresent good value. QRN also seemed to lack the brokers support other major floats have had in the past. Unless there is strong overseas buying in QRN in the short term any potential stag profits on QRN may be very marginal. Given most new floats take several months for their share register to settle any general market weakness in that time could easily see this IPO sell at below issue price. I will watch QRN & wait till this stock becomes value i.e. the price is lower enough to represent value. Whilst I wish all long term holders good luck, I personally see no need to currently own QRN at its current pricing. Regards Buffett PS No investment advice given please do your own research.
QRN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
