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
qbe insurance group limited
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$20.38

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Last
$20.38 |
Change
0.145(0.72%) |
Mkt cap ! $30.74B |
Open | High | Low | Value | Volume |
$20.01 | $20.41 | $20.01 | $34.17M | 1.670M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1481 | $20.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.38 | 2538 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 4397 | 20.380 |
13 | 3393 | 20.370 |
28 | 6046 | 20.360 |
23 | 3946 | 20.350 |
27 | 3260 | 20.340 |
Price($) | Vol. | No. |
---|---|---|
20.390 | 1933 | 11 |
20.400 | 2565 | 11 |
20.410 | 2760 | 11 |
20.420 | 3218 | 9 |
20.430 | 3492 | 8 |
Last trade - 14.56pm 19/09/2025 (20 minute delay) ? |
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QBE (ASX) Chart |