Board QR National float with caution
It’s the biggest float since the Telstra T3 offering of 2006, and next Sunday the prospectus begins hitting in-boxes and mailboxes. Roger Montgomery told The Sunday Age ”The return on equity I’m currently estimating to be in single digits, and arguably in 2012, based on the forecast, it’s going to earn a rate of return on its equity of 6 or 7 per cent.” Read article.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
fred
:
hi roger,
I work for asciano and have been in the rail industry for over 20 years. The cost of rail is to high and never ending from wagons, engines, track, fuel, interest and labour cost and of course union problems. How about the freight they are moving, will it keep moving? But @ the right price I am in. The rail industry for one reason or another is loved by everyone even Warren.
Roger Montgomery
:
Some good insights Fred. Thanks for sharing.
Lloyd Taylor
:
Roger,
I am reminded of the constant platform warnings prior to boarding British Rail…..” Mind the gap”. In the case of QR National the gap is the potential chasm between the marketing hype and the fundamentals of the business.
Regards
Lloyd
wayne gard
:
so where can i go to see your thoughts on specific stocks?
my broker sent me this email’
BUY
SUN 1539
BXB 2000
TEN 10000
IAG 4083
WDC 1000
SELL
OKN 13000
OST 22400
what do you think?
Roger Montgomery
:
Hi Wayne G.
Your adviser provides the personal professional advice that I suggest everyone seek and take. Try typing the company names into the search box in the right hand column of the home page and you will see whether they have been previously mentioned. Of course my thoughts don’t count when you have and advisor who is familiar with your needs and circumstances and is making recommendations on the basis of those facts that I don’t know. What you find here is general in nature.
Peter Kruckow
:
Hi Roger
Apart from struggling with the different terminologies in finance reports ,the one thing that I’m really having trouble with is shown with Wayne’s predicament. I don’t recall any of ‘buy’ list being A1 or A2 and OKN in the ‘sell’ list is an A2 which if my calculations are right (in this steep learning curve I’ve decided to go with RR12% for A1’s and 14% for A2’s -safety first ) is trading not far above IV. Surely we can give the broker a bit of advice in return and tell him to buy Value*Able. I think when I start trading the hardest part is going to be finding a broker to accept my own choices of companies to buy. It looks good for online trading,
Cheers
Pete
Roger Montgomery
:
Hi Peter,
I am all for everyone buying a second copy of Value.able for their broker!