IAG 0.67% $7.36 insurance australia group limited

IAG Chart, page-4

  1. 35,231 Posts.
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    Chart does not have the F/A. Fairfax Press were carrying rumors about Allianz going after QBE, they had the right industry, wrong target. It was Tower NZ by Fairfax Financial.

    So the rumor was not too bad just misdirected.

    Looking at the multiples, QBE should be about $18, IAG $6 SUN $14.

    I am surprised Fairfax Financial went after TOW: I would have thought QBE, IAG or SUN were better.
 
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