Think of QBE as a call option on the US$. You can also consider it a put on the Aussie $.
In the meantime a nice 9%+ dividend will also protect the downside on this well-run company.
Look at a long term US$ chart and you will see that it bounces considerably every year or so. IMHO we are close to a bounce now. When sanity returns to the markets QBE will be a valuable core holding bought at fire-sale prices.
I bought [again] today after being stopped out twice before on the way down. Third time lucky?
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qbe is a us$ call option
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Last
$17.27 |
Change
-0.640(3.57%) |
Mkt cap ! $26.05B |
Open | High | Low | Value | Volume |
$17.52 | $17.55 | $17.22 | $46.04M | 2.654M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 10408 | $17.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.28 | 8847 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 7078 | 17.280 |
21 | 9923 | 17.270 |
10 | 5009 | 17.260 |
10 | 16872 | 17.250 |
10 | 7726 | 17.240 |
Price($) | Vol. | No. |
---|---|---|
17.290 | 4284 | 10 |
17.300 | 12851 | 37 |
17.310 | 7339 | 15 |
17.320 | 5649 | 10 |
17.330 | 7373 | 8 |
Last trade - 15.34pm 02/08/2024 (20 minute delay) ? |
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QBE (ASX) Chart |