QRN
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0.00% $3.57 qr national limited

re: News: QLD govt sells $1.5B stake in QR Na... Without further...

  1. coogee
    54 Posts.
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    09/10/12
    12:52
    Post #: 10832974
    re: News: QLD govt sells $1.5B stake in QR Na... Without further buybacks, i do not think it has much more upswing than $3.75, at this stage.
    Don't forget that they will have to borrow some or all of the $1b for the buyback.
    Why would anyone want to buy it now?
    EX Buyback and EX Dividend.
    Bad timing by the QLD gov.
    QRN Price at posting: $3.68 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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