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.
minchinyon, A significant difference between WBC and QBE is the...
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Last
$27.24 |
Change
-0.010(0.04%) |
Mkt cap ! $94.50B | |||
| Open | High | Low | Value | Volume |
| $27.25 | $27.27 | $27.00 | $327.6M | 12.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40377 | $27.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.25 | 76093 | 12 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WBC (ASX) Chart |