OzJ, agreed totally.
Yes, Cyclone Debbie will arguably push up premiums and give a degree of pricing power in NSW and QLD but it may be seen as a single loss event and not two losses so the reinsurance amount and associated loss (single or double) issues are a very big problem.
But IAG is very overbought at $6.28, the run only had one little wobble and that does not augur well. A correction may be around the corner IMHO.
been a slow coach, page-6
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Last
$7.52 |
Change
0.040(0.53%) |
Mkt cap ! $17.82B | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.55 | $7.43 | $16.26M | 2.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28887 | $7.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.55 | 103767 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| IAG (ASX) Chart |