Yep, the IAG play was dead when QBE said so (they tend to honour what is released in ASX annoucements, a rare thing these days1
I have looked at the PMI deal, and to me it looks fantastic. QBE have acquired the upside and eliminated almost all the associated risk during the critical period (next 3 years) again after 110 value accretive takeovers QBE look to have executed a top shelf deal.
co-incidentally I bought more today, and now very happy. My take is the market will like this ($25 open tommorow), only risk is the word "property insurance" spooking, but prof investors will applaud the deal
Cheers
Ralphi
qbe buys pmi, page-3
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Last
$17.04 |
Change
0.100(0.59%) |
Mkt cap ! $25.60B | |||
| Open | High | Low | Value | Volume |
| $16.99 | $17.12 | $16.90 | $27.74M | 1.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14991 | $17.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.05 | 67313 | 4 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |