QBE 0.24% $16.33 qbe insurance group limited

qbe sitting onspp funds earning interest.flop!

  1. 207 Posts.
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    No word of scaleback, 75000 applicants applied for shares, how much over the $150m....
    I reckon $400 to $500m funds received.
    Lets say $400m at 5% interst rate, they sit on this money as long as they can stretch,(say a monthh) Qbe will make a nice profit on just interest.....
    Flop for investors? people who thru $15k, incl myself,,,any way get on with it QBE, announcement should have been made 29/3....
    At least give us the minimum $1000 allocation...Winners the institutions once again!....QBE has been a poor investment last few years!!!!!!!...cut in dividend....this stock capital killer, the SPP hoping would be a lifeline,,kiss that goodbye it seems....
 
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