Rhys, All good points and all worth considering. I'll throw out a couple of other points, that I think are worth considering too.
1. Company is in a good position for further acquisitions at a time when the Aussie dollar is strong and there are plenty of buying opportunities overseas. The company also has a solid record of making successful acquisitions and I'm pretty sure that management would be doing the numbers on a couple of options right at the moment.
2. Dividends are about 5.5% partly franked unless I'm wrong (which I could be). That's a pretty good dividend for a well run company that is seen as a defensive and which has good prospects for growth through acquisitions.
3. It is far from certain that the $500m lawsuit will be successful (everything I've read makes it sound like an outside chance at best). The claim may be successful, but I think it would be a mistake to assume prior to judgment that it will certainly succeed. Even if it does, $500m is not going to ruin the company.
4. Gross short sales yesterday was about 7% of turnover. For comparison, ANZ was about 10%, BHP 42%, CBA 14%, IAG 7%....... Looks pretty normal to me. And correct me if I'm wrong, but short sales have to be covered at some point in the future. Don't high short sales point to a higher buy side in future?
Just a couple of thoughts about QBE. I reckon that it is a buy, but my timeframe is probably a bit different. I'll be happy to hold for several years minimum. And if the SP falls, I'll be happy to buy more.
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Last
$16.31 |
Change
0.160(0.99%) |
Mkt cap ! $24.50B |
Open | High | Low | Value | Volume |
$16.14 | $16.45 | $16.01 | $75.46M | 4.621M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7022 | $16.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.33 | 4688 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7022 | 16.310 |
2 | 47 | 16.300 |
2 | 15732 | 16.270 |
3 | 6961 | 16.260 |
4 | 81987 | 16.250 |
Price($) | Vol. | No. |
---|---|---|
16.330 | 4688 | 1 |
16.340 | 5000 | 1 |
16.350 | 33612 | 2 |
16.360 | 1389 | 2 |
16.390 | 13001 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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