so just running the numbers. the 18.8% decrease in florida equates to earnings impact of $40M. if replicated in other states, $100M, or 7% of earnings for 2013. i missed the news pre-christmas, but 18.8% was what QBE offered 18/12, so informed investors (Ie not me) would have known that 18.8% was the new "best case scenario", and that the Regulator accepted that was a positive - hence yesterdays 30c rise. QBE had previously said that the drop would be immaterial. clearly that is not the case, but at least it is not quantified.
good news in usa, page-3
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Last
$16.79 |
Change
-0.180(1.06%) |
Mkt cap ! $25.22B | |||
| Open | High | Low | Value | Volume |
| $16.87 | $16.94 | $16.69 | $33.92M | 2.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2466 | $16.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.79 | 1874 | 2 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |