Why QBE is building a fortress balance sheet QBE bucked the trend of recent capital raisings by issuing bullish premium growth numbers for the March quarter. But CEO Pat Regan wants to be able to withstand a range of severe economic and investment market downside scenarios.
Investors contemplating the QBE Insurance emergency $1.2 billion capital raising will be well aware the stock is priced at a near 60 per cent discount to the median target price of broking analysts.The bullish share price targets are a reflection of the market's respect for the company's chief executive Pat Regan, the optimism about the outlook for the insurance market and the potential upside from possible reserve releases.
Ann: Trading Halt, page-39
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Last
$15.93 |
Change
-0.400(2.45%) |
Mkt cap ! $24.06B | |||
| Open | High | Low | Value | Volume |
| $16.18 | $16.25 | $15.92 | $9.424M | 586.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1403 | $15.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.94 | 1279 | 13 |
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| Last trade - 11.13am 21/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |