When QBE was $35 it had a book value of around $9.60 and NTA $6.80 and earnings around 2.10 with growth potential hence the premium so drop to $10 very plausible when the company did not deliver. Today book value around $10.50 NTA still around $6.80 and trading at $10.38. Trading below book value..hello...share buy back not being factored into price..eventual rise in interest rates not factored into price..increasing profits and potential growth not factored into price...so where the $2.50 valuation comes from god only knows.
News: QBE Qbe Insurance Group says CEO John Neal stepping down, page-32
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Last
$18.47 |
Change
0.850(4.82%) |
Mkt cap ! $27.80B | |||
| Open | High | Low | Value | Volume |
| $18.25 | $18.47 | $18.04 | $104.2M | 5.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1254 | $18.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.48 | 200 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |