QR debuts at $2.54, then surges higher
QR National shares opened 1 cent below their listing price, but have since hit highs of $2.68. Independent share analyst Roger Montgomery is less optimistic about the future prospects of the company. 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.
He is also author of best-selling investment guide-book for the stock market, Value.able – how to value the best stocks and buy them for less than they are worth.
Roger appears regularly on television and radio, and in the press, including ABC radio and TV, The Australian and Ausbiz. View upcoming media appearances.
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.
Graham Fisher
:
Hi Roger,
You say QRN intrinsic value is about $1.50 and would have to be well below that level before you would buy. I ask at what level, 10%, 20%, 30% or ???%.
Or say for an A1 company, at what level of discount to IV would make you become interested ?
Cheers !
Graham
Roger Montgomery
:
Hi Graham,
Hard and fast rules in this regard are difficult to adhere to. One option is to use averaging and presets weightings.