Thelikelihood of QRI having loan’s that go into default in the next 6 months isnow materially higher than when I wrote the above 3 months ago.
Assumingthis occurs, once they start disclosing loans are non-performing, all theclients shoved into this “product” by their wealth advisors will begin tellingtheir clients to exit.
Thereis no liquidity here, and I’d estimate 50% of the owners of QRI are “wealthadvisor clients” so it will likely be a bloodbath when they begin selling and goon for some time.
Forhistorians, do some research on the Premium Income Fund. You can see old announcementson the ASX and NSX. It was a listed fixed income fund with the majority of itsassets being senior debt secured against property – the same as QRI.
Theend result is quite messy to piece together but unitholders ended up receivingonly 20% of NTA. I do not think things will get this bad for QRI, however understandinghow bad things can really get based on history, is a nice to keep yourself realistic.
Thiswill be an interesting space to watch.
Thelikelihood of QRI having loan’s that go into default in the...
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Last
$1.62 |
Change
0.015(0.93%) |
Mkt cap ! $985.8M | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.62 | $1.61 | $3.066M | 1.896M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 86889 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 229011 | 4 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| QRI (ASX) Chart |