So far, touch wood, Frank could not ask for a better half year results with 47 days to go to 30 june 12.
Major cats should be under $200 million with an allowance of $800 million, showing a potential $600 million upside to earnings.(NEP annually $16 billion, 10% major cat allowance is $1.6 billion divide by 2 for half yearly)
Together, with e AUD depreciating to under parity with the USD, we could be looking at an major upgrade announcement in mid july.
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8 | 9022 | 16.830 |
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