For the long's with patience -
From the AFR 5/1/18 -
After years of painful change in QBE, Alleron's chief investment officer believes that a simplified, more focused company provides a great back-to-the future opportunity to improve risk outcomes and returns to shareholders.
QBE CEO Pat Regan's sale of the troubled Latin American business for $100 million above book vale in 2017 got the fund manager interested - "a change in the quality of earnings was taking place" - and a new reinsurance program will improve the quality of earnings "similar to that of the early 1990's.
With a valuation of 1.1 times book value, Alleron believes there is "minimal downside risk but potential for significant gains" if management can execute its strategy.
2019 Long's
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Last
$16.94 |
Change
0.150(0.89%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $28.32M | 1.669M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 9454 | $16.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.94 | 12391 | 25 |
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| Last trade - 14.02pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |