As a QF shareholder I am puzzled why the book-build price was struck so low. No wonder the offer was over-subscribed. Stags could make a quick profit simply by subscribing in the book-build and then flogging the stock. In the meantime, existing shareholders have seen their shares fall by 4% from their pre-suspension price today whilst the stags pocket the profits!
Last edited by 1A_Please; 23rd Aug 2002 at 01:30.