I agree that QBE has probably got out all its dirty laundry in 1 go.
Had QBE required a material capital injection then that would also have been flagged at the same time and it has not.
It is likely that QBE will now work towards it's financial results for y/e Dec 12 and may cut outs dividend.
Management will be very cautious about revisions to FY13 forecast, I expect the focus will be to increase premiums to ensure that the business remains profitable, save any really big disasters. I also expect QBE to really focus in on cost control.
Its a good solid profitable company.
dividend, cr or nada, page-3
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$15.69 |
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Mkt cap ! $23.57B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| QBE (ASX) Chart |