IAG 0.63% $6.44 insurance australia group limited

Ann: IAG Opens Share Purchase Plan, page-61

  1. F01
    2,776 Posts.
    lightbulb Created with Sketch. 125
    Wouldn't be too harsh on yourself. You and 11,650 others took up the SPP, including some of the directors. Remember the instos bought almost 129 million shares @ 5.05.

    Most of the time, and no one gets it right all the time, participating in a CR from ASX 20/50 companies is lucrative. So if you play the odds, as one should, participating in the SPP was the right thing to do at the time. Sure, you could have bought better on market, but like I said, no one gets it 100% right all the time.

    The SPP is in the money at the moment. But is that because the consensus is that this is cheap and being bought, or is it being pumped so those instos that jumped in @ 5.05 and are now having second thoughts can escape. I have no idea of course, but, as always, time will tell.

    I am in no hurry; I have my little parcels and back into the shadows I go.

    GLTAH.
 
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