You may be aware that QBE recently announced an opportunity for current shareholders to buy up to $15,000 worth of shares at a substantially discounted price.

At the current share price of $13.59 (March 2012) there is a price arbitrage opportunity for shareholders to sell current holdings now and take up their allocation at $10.70 (without cost). Our broker advises that current shareholders may also like to sell all/part of their holding to fund their participation in the offer.
Naturally, with all investment decisions there are risks, these include:
• Shareholders may have their application amount scaled back according to demand for the offer. QBE may also take into account the size of shareholders current holding when allocating.
• The price of QBE may fall dramatically after purchasing.
Please note this is for information purposes only. Jason and the wealth management advice team will be in touch directly with our clients who own QBE shares. In the meantime, please contact us if you would like further information.
And if you are not currently a client of 5 Financial’s but you’re interested in finding out more, book a free, no-obligation consultation with one of our financial advisers.
2018-01-22T08:14:37+00:00 March 23rd, 2012|