slaveman,
Can you back that up with some fundamentals? QBE is a well run company with a strong balance sheet.
At the half-year result presentation, p20, the company announced:
"No direct investment exposure to US or other sub-prime mortgage assets, collateralised debt, collateralised loans or similar structured products; small indirect exposure via deposits and equity in major highly rated banks"
..and on p10:
"..first half equity gains were locked in through derivatives taken out late April 2007. Hedges remain in place."
Where do you think the company is going to incur losses that will dwarf those from NAB?
boom, page-4
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Last
$18.05 |
Change
0.400(2.27%) |
Mkt cap ! $27.11B | |||
| Open | High | Low | Value | Volume |
| $17.95 | $18.06 | $17.84 | $175.5M | 9.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25956 | $17.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.05 | 36322 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |