QBE have indicated an insurance margin at the lower end of the 16-18% and there is no indication this wont be achieved. This sort of margin would still put QBE in the top 5 of any insurer worldwide.
Warren Buffet's Berkshire Hathaway posted a $3.3b profit this quarter mainly from insurance earnings, this bodes well for QBE and is probably one of the drivers of the share price. If the result on Aug 20 come thru a little better than "lower end of 16-18%", and frank talks up any acquisitions, interest rates start to increase and the hurricane season is relatively benign in the US, QBE could be long way past this mark.
Its a quality stock and opportunities like this dont come often.
P
finally over 20, page-15
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.32 |
Change
0.330(1.74%) |
Mkt cap ! $28.91B | |||
| Open | High | Low | Value | Volume |
| $18.99 | $19.33 | $18.92 | $50.05M | 2.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 5192 | $19.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.33 | 8091 | 29 |
View Market Depth
| Last trade - 15.32pm 15/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |