rw, "2 days left till insto get there 42 million shares and retail investors get theirs at a $10.70 price."
Perhaps you have your facts mixes up. However you are forgiven
The whole idea is for traders and investment companies to get stock cheap or do a turnover and get a profit, right?
Well perhaps a few of those 42m shares went into the frothy market and were sold >$14. Now the price settles and they by the same shares back at ~$12.25.
If there were 10k of shares, bought at $10.70, sold at $14, bought at $12.25 what is left is 10k of shares and a profit of $17500.
The cheaper they can be bought from now the more money is made.
Then of course they can short QBE via leveraged play so the last step gets a profit of $175,000 + the 10k of shares. Plenty more ways to do it.
These plays are all perfectly legal and they do work, that I can vouch for.
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qbe insurance group limited
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$20.23

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Last
$20.23 |
Change
-0.270(1.32%) |
Mkt cap ! $30.54B |
Open | High | Low | Value | Volume |
$20.54 | $20.54 | $20.18 | $47.46M | 2.338M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1111 | $20.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.27 | 1500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 422 | 20.330 |
1 | 506 | 20.250 |
2 | 1500 | 20.230 |
1 | 395 | 20.200 |
1 | 250 | 20.190 |
Price($) | Vol. | No. |
---|---|---|
19.220 | 3481 | 4 |
19.630 | 2 | 1 |
19.750 | 275 | 2 |
19.930 | 1466 | 1 |
20.230 | 1 | 1 |
Last trade - 16.13pm 18/09/2025 (20 minute delay) ? |
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QBE (ASX) Chart |