Don't forget they are having the best of both worlds now, as they have 15% exposure on growth. They have increased from 9% which will improve their profitability. Their SP is gradually reflecting their improve in operations and their profitability, however the SP does have a long way to catch up, thus currently look very undervalue. DYOR, it is only my humble value judgement which could be way out too.
If the analysis is strictly from the technical aspect, we could be looking towards $18 from EW perspective,
someone may have to wake me up, I could be dreaming. GLTA holders.
Today's SP movement is indeed encouraging.
QBE Price at posting:
$14.43 Sentiment: Buy Disclosure: Held
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