St Laurence sale warning

St Laurence investors are being advised against accepting an unsolicited offer of 5c for every dollar of debenture stock because they are likely to receive between 15c and 22c from the receivership.

Perpetual Trust is strongly advising investors not to sell after Stock & Share Trading's latest offer for debentures in the failed property investor.

It said the offer was opportunistic and Stock & Share was preying on investors who might not realise a better payment was on the way.

The Securities Commission has previously warned investors about unsolicited offers.

In April, Perpetual Trust appointed Barry Jordan and David Vance of Deloitte as receivers of St Laurence, which owed 9000 investors $245 million.