OzJ, agreed totally.
Yes, Cyclone Debbie will arguably push up premiums and give a degree of pricing power in NSW and QLD but it may be seen as a single loss event and not two losses so the reinsurance amount and associated loss (single or double) issues are a very big problem.
But IAG is very overbought at $6.28, the run only had one little wobble and that does not augur well. A correction may be around the corner IMHO.
been a slow coach, page-6
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Last
$7.98 |
Change
0.070(0.88%) |
Mkt cap ! $18.88B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $8.06 | $7.92 | $39.72M | 4.970M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 66770 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.06 | 3225 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IAG (ASX) Chart |