Wow guys after hearing the latest IAG update and US Fed reserve IAG will fly in the next 6 months. Price Target $6.50.
What are the catalysts: 1. Covid-19 in NSW,ACT,VIC - people paying for motor vehicle insurance and not even driving lol 2. Federal bonds tapering by the end of the year will mean yields on bonds will increase. 3. Bushfires likelyhood - well most of the fuel in the bush was burnt and remember that was once in a 50 year event 4. Floods - Last year we had a once in a 100 year flood. Are we likely to have as big floods in the next 6 months? We could but unlikely. 5. QBE share price has appreciated 30.87% in the last 6 months IAG on the otherhand in the same period only appreciated 9.96%. That's roughly over 20% that IAG has not run in comparison.
DYOR, make your own decisions let's see what happens in the next 6 months. These are my convictions but let's see how it plays out.
IAG Price at posting:
$5.39 Sentiment: Buy Disclosure: Held
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