From the shareprice action it looks like the results are pretty much in line with market expectations. Companies like QBE are copping big selloffs even when they report great results like 30% profit increase, if the market expects more.
Sounds like they will have the cash flow for a divvie next year, maybe even at the full year report in 6 months time.
More patience required... I guess only news of contract wins will drive the shareprice for now.
IBA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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