yes both correct, a 0.5% increase will add US $100m to the bottom line. And I most certainly see this stock as a set and forget. The normalisation of the US interest rate cycle is under way right now after a decade of historically low rates, hence the 75% fall in QBE over that timeframe, that's an enormous correlation. The cycle has bottomed so where will rates be in 5 years and where will QBE be......$20,$21, $22? By all means buy at $11.50 and sell at $12.50 if that makes you happy. I'll hold long-term. Best of luck.
Take profit or take the ride?, page-17
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Last
$16.39 |
Change
-0.050(0.30%) |
Mkt cap ! $24.62B | |||
| Open | High | Low | Value | Volume |
| $16.42 | $16.66 | $16.34 | $43.71M | 2.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1326 | $16.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 1479 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| QBE (ASX) Chart |