It doesn’t matter to me if the SPP is over or undersubscribed for. I have taken up the offer in super and outside of it. SP lowest for 20 years, and has fallen some 50% in a few months.
I like the fact that institutions oversubscribed for QBE at $8.25 and retail will get shares for,about $7.60.
Sure, shares MAY fall further but it’s all about your entry and exit price, long term. Easy 50% gain possible from these levels ( valuations range from $10 -$13) and reasonable guarantee that dividends 5%+ will be paid. I like the fact also that QBE has derisked its portfolio going forward too
Ann: Trading Halt, page-80
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Last
$16.90 |
Change
-0.180(1.05%) |
Mkt cap ! $25.44B | |||
| Open | High | Low | Value | Volume |
| $17.13 | $17.25 | $16.89 | $25.52M | 1.506M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 739 | $16.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.90 | 10014 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |