This foreshadowed changeover occurred at the halfway point between presentation of the half yearly results in February 2022 and the equivalent 'annual' event likely in August 2022.
The new Chairman has a significant task to restore the SP that has been in decline for much of the past six months.
Of my holdings, this is the entity about which I am least confident due to its extremely high staffing costs.
The new Federal Labor Government is likely over time to be dominated by the ACTU calling in favours. Hence, whether Albanese is 'nice' will be irrelevant. Labor may manage to crush innovation and entrepreneurship through higher taxes to pay for all its grandiose, unrealistic promises. If there's a wage-prices spiral, it'll be even worse.
We could see rational major companies departing Australia for more business-friendly governments in parts of Asia: Singapore, where QIP has limited operations, is the standout.
QIP Price at posting:
$1.00 Sentiment: Hold Disclosure: Held
