Dear %%first_name%%,
I don’t often give advice to political leaders, but I’m ready for a stoush if the Government makes a cash grab for super. I fill you in on why this is a possibility in today’s note.
Also in the Switzer Super Report, we give our recommendation on what to do with Woolworths’ new property trust. Plus, we have our weekly broker wrap of buys, holds and sells and our chart of the week, which has an updated position on gold. And we bring you up-to-speed with a new interpretation on transferring shares that could cause you to re-think your strategy.
Have a great week!
Sincerely,
Peter Switzer
Shares in QR National have jumped more than 5% on news the Queensland government plans to sell a $1.5 billion stake in the railway operator.
The government says the deal involves the sale of $1 billion in shares via a selective buyback to QR National and a $500 million placement to a small number of cornerstone investors.
The sell-off will reduce the government’s stake in the rail freight operator from 33.9% to 16%.
Treasurer Tim Nicholls says the price the government achieves for the sale will see more funds available to reduce debt.