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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Last
$16.88 |
Change
0.000(0.00%) |
Mkt cap ! $25.41B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1948 | $20.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.51 | 8 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1948 | 20.250 |
1 | 300 | 18.070 |
1 | 128 | 18.060 |
5 | 6767 | 17.720 |
3 | 4542 | 17.700 |
Price($) | Vol. | No. |
---|---|---|
13.510 | 8 | 1 |
16.040 | 18099 | 6 |
16.060 | 38 | 1 |
16.170 | 2318 | 8 |
16.300 | 2588 | 6 |
Last trade - 09.47am 16/10/2024 (20 minute delay) ? |
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