I'm currently over in London and have to say there is a fair bit of talk about rates having to rise in the EU and UK due to rising inflation.
The AGM preso was a good read, pointing out that recent acquisitions have performed better than expected and that they are expecting around 30% increase in insurance profit this year. Couple this with the potential for rate rises in Europe and UK, we may see increasing profits again.
Another key point was the wording that they expect to at LEAST maintain current dividends.
A few of the major worries for investors will be put to rest IMO. Those sitting on the sidelines won't be for long. Any weakness from here will be a buying opp for me.
DYOR.
buyers about to enter, page-17
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Last
$17.08 |
Change
-0.130(0.76%) |
Mkt cap ! $25.71B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.11 | $16.89 | $40.74M | 2.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 248 | $17.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.10 | 620 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |