It's good to be patient, and very bad to be greedy.
Let's remember QUB has had to/is putting up with militant CFMMEU members at the 50 per cent owned Patrick's (ports) who wanted a huge annual wage rise at a time when many others aren't receiving any, or in the private subsectors of say tourism have been sacked.
I am happy with the share price rise.
Moorebank sale (assuming it proceeds) should further assist, but the very good MD Mr James (who I've once met) said it's likely to be finalised before Christmas IIRC: this can mean 21 December, not 27 November.
Consumer confidence is starting to improve even in depressed Victoria: this is a big driver of QUB's revenue (and profits). Port container handling volumes have been relatively weak so if they rise, good for the company provided the extra is profitable and not eaten up by very well paid, greedy militant unionists.
QUB Price at posting:
$2.96 Sentiment: Hold Disclosure: Held
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