Yeah PE means plenty especially if your looking to invest over a number of years. QBE have still predicted increased earnings this year. It should be over 2 billion so there will be growth. Maybe not as fast as it was from the 2006 profit to 2007 but everything looks fine atm.
If the share price continues to drop to say $24 and she pulled in 2.2 billion by the end of 08 we have a PE of 10. Thats really good value. A lot of fund managers etc will be looking at this also. They will feel even if she drops short term she will recover hard and push higher in the future. I only wanted a short term trade but I'm holding on for the time being. Maybe even turn it into a long position as it seems to cheap to me.
biggest dog, page-9
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Last
$16.96 |
Change
-0.350(2.02%) |
Mkt cap ! $25.48B | |||
| Open | High | Low | Value | Volume |
| $17.38 | $17.38 | $16.91 | $38.82M | 2.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 14045 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |