re: Ann: QBE announces major terms of share p... Absolutely no chance of expanding the SPP raising.
QBE don't need this money, its just a token SPP to give retail shareholders the chance to pick them up at the same price as the $2b institutional placement.
After buying back the $900m Tier 1 hybrid at 70% of face value, QBE's gearing has now falled to 27%. From a S&P ratings perspective that's low.
...and that's why we are going up.
P
Ann: QBE announces major terms of share purchase , page-18
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Last
$17.31 |
Change
0.420(2.49%) |
Mkt cap ! $26.00B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.34 | $16.98 | $78.40M | 4.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 263 | $17.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.31 | 12595 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |