news on qbe?, page-89

I think people have misinterpurted this SPP. QBE are not desperate for cash, they have done this partly to look after thier retail investors.

And following from that I would not be surprised if allocation after scaling back is not skewered towards long term holders over short term holders and even smaller holders over large holders to a lesser extent.

Don't forget that 12 months ago QBE shares were worth a lot more than they are now.

Of cause any scaling back needs to fit the ASX's regulations.

QBE knows that Mum&Dad investors holding QBE share would be almost certain to use QBE for their insurance needs and since a lot of people have had to submit claims in the past 24 months, a lot of people would be looking at who they are insured with and what they are getting for their dollar. Insurance is one industry where a lot of little people are just as good a one big one. One can change its mind quickly ... it takes time for a lot to get around to changing.