Pre-register for shares
INVESTORS in Bundaberg keen to get a piece of the action when the State Government floats QR National have until Friday to pre-register for shares.
Stockbrokers RBS Morgans Bundaberg are calling for local investors to pre-register to ensure they receive an offer document.
Group chairman Tim Crommelin said yesterday pre-registration numbers were flowing in very strongly.
“We’re getting very good support from the general public,” he said.
Mr Crommelin said pre-registration was available to all Queensland residents.
He said pre-registration was a way of alerting people to the opportunity with no obligation.
“There will be a package of investment incentives that will be revealed on Sunday,” Mr Crommelin said.
“If you do pre-register and you like what you see you will be guaranteed an allocation of shares.”
Mr Crommelin said there were several ways to pre-register, including contacting a stockbroker or going to the RBS Morgans website and following the links.
He said until an announcement by Queensland Treasurer Andrew Fraser on Sunday potential investors would have no idea of the economics of the float.
The sale of QR National, the state’s rail operation, is one of the controversial sales of major assets by the state government.
Talking up the share float when it was officially launched last month Mr Fraser said it would see QR national becoming one of Australia’s top 50 companies.
“QR National is a big Queensland company that is destined to get even bigger,” he said.
“QR National operates in five Australian states, already making it Australia’s largest rail freight company and the world’s largest rail transporter of coal from mine to port for export markets.
“Investors will be well aware of the opportunities in sectors that are leveraged to growth in China and India and QR National is one such company.”