QBE Insurance Group

The details of the scaleback of QBE’s share purchase plan (SPP), announced today, are a good example of why value investors prefer share prices to fall in the short term. Had QBE’s share price not rebounded strongly over the past six weeks, it’s likely there would have been far fewer applications for the SPP. As expected on 29 Mar 12 (Buy – $14.19), the scaleback has been severe. Subject to you owning at least 10 shares, QBE has generally decided to allot applicants 8.34% of the value of their shareholding. So, for example, if you had 1,000 shares on the...

The details of the scaleback of QBE’s share purchase plan (SPP), announced today, are a good example of why value investors prefer share prices to fall in the short term. Had QBE’s share price not rebounded strongly over the past six weeks, it’s likely there would have been far fewer applications for the SPP.

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