"Dont just look at one factor within a business, especially one that is outside the control of management."
For a short-term entry, surely this is important?
I am thinking, strongly, about buying $3k worth on margin... not a particularly substantial amount... but, with the potential to increase by around 50% within 2 years, it's not bad.
Int rates, yes.
hurricane season, no.
Bolt-on, to some extent, yes.
Int rates, yes.
Elders acquisition, yes.
At 95c, which is now less than 2 cents away (as opposed to the >3 cents it was).... I can see this affecting QBE.
I guess my MAIN question is... is that thought accurate?
As in:
I say a rising AUD is bad for QBE.
You guys say, it doesn't matter if it's bad for QBE, as, long-term its a great company.
I agree that it's a great company, thats why I want to invest in it (I think)... BUT, can someone please help me out with my actual questions?
If the AUD hits $1, will QBE SP drop dramatically?
What if it hits 95c?
If it hits $1.15 (unlikely, but)... will QBE even be profitable? (I think it will, a mate seems to think it won't... he's done more research than me).
Does HC think QBE will go down in the short term, regardless of fundamentals, largely due to a rising AUD? If not, why not?
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Last
$16.32 |
Change
-0.170(1.03%) |
Mkt cap ! $24.51B |
Open | High | Low | Value | Volume |
$16.51 | $16.59 | $16.21 | $55.31M | 3.380M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 44252 | $16.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.36 | 601 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 43479 | 16.300 |
2 | 7068 | 16.290 |
2 | 16792 | 16.280 |
1 | 4013 | 16.270 |
1 | 2995 | 16.260 |
Price($) | Vol. | No. |
---|---|---|
16.400 | 1118 | 1 |
16.430 | 884 | 1 |
16.440 | 1413 | 2 |
16.460 | 12168 | 2 |
16.480 | 13168 | 2 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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QBE (ASX) Chart |