minchinyon,
A significant difference between WBC and QBE is the premium the sp was trading above the SPP. QBE was trading in the $25 range which was as high as 25% above the $20.50 spp,
As you rightly pointed out, WBC closed at $16.11 on Friday which will translate to less than 1% gain for someone selling at $16,11 & buying back in the SPP.
The strategy will only works for sp at a small premium. The higher the premium the higher the risks of an oversubscription and thus a scale back like in QBE.
share release, page-36
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Last
$27.18 |
Change
-0.170(0.62%) |
Mkt cap ! $94.67B | |||
| Open | High | Low | Value | Volume |
| $27.34 | $27.34 | $27.14 | $22.34M | 820.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6935 | $27.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.19 | 8785 | 21 |
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| Last trade - 12.52pm 05/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |