Suncorp warns of share predator
Suncorp is warning its shareholders they may receive unsolicited offers from notorious Melbourne share dealer David Tweed.
Suncorp sent a letter to shareholders after it was required to provide a copy of its share register to Mr Tweed’s company Australian Share Purchasing Corporation.
The insurer says companies associated with Mr Tweed have used the information from share registers to make offers well below market value.
“If you do receive an unsolicited offer we strongly advise that you check the current Suncorp share price and compare this with the amount on the offer,” the company warned shareholders.
In the past Mr Tweed has been accused of exploiting people who are unfamiliar with the share market, with his companies previously targeting IAG, Bendigo Bank and, just last month, Rio Tinto.
Suncorp sent a letter to shareholders after it was required to provide a copy of its share register to Mr Tweed’s company Australian Share Purchasing Corporation.
The insurer says companies associated with Mr Tweed have used the information from share registers to make offers well below market value.
“If you do receive an unsolicited offer we strongly advise that you check the current Suncorp share price and compare this with the amount on the offer,” the company warned shareholders.
In the past Mr Tweed has been accused of exploiting people who are unfamiliar with the share market, with his companies previously targeting IAG, Bendigo Bank and, just last month, Rio Tinto.