I have been in for a couple of years it was one of the only stocks I held onto during the March 20 covid plunge.
NTA has held at around $1.60 throughout , dividends were maintained every month and there have been no loan impairments since IPO (pretty good considering the climate)
If I have any concerns they are
1. They seem to regularly raise at $1.60 which curtails any capital growth (not the main objective of a QRI investment but nice to have). On the other hand I have participated in these and increased my holdings and it does let new investors like you get in at around NTA so not all bad
2. As interest rates rise there may be a temporary period where the share price drops below NTA as the circa 6% QRI yield is not as attractive vs other investments - I think this would only be temporary as any new loans by QRI would attract higher interest and the QRI returns increase over time (they used to target 8% )
All up I have been very happy with QRI
I have been in for a couple of years it was one of the only...
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Last
$1.66 |
Change
0.010(0.61%) |
Mkt cap ! $680.3M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.66 | $1.63 | $544.3K | 331.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18760 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 230755 | 7 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.65 |
Change
0.010 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| $1.65 | $1.65 | $1.64 | 28509 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| QRI (ASX) Chart |