Any doubters of restructuring cost that will benefit in the future, I recommend reading the history of QBE over last 15 years when they had many many restructuring, sacking of CEO and CFOs. QBE released amazing results today for 2024 today. It’s SP was $34 about 15 years back went down to less than $10. SP come back to $21+ now. It is a solid well established business with leading presence in the sectors they are operating, similar to DMP. Mistake they made is very similar to DMP, At height of it’s powers it expanded to all nook and crook of the world, loosing control and focus. Gradually they have undone and got out of some markets altogether. The issues DMP are facing are much smaller in nature and I am sure within few years they will be back producing good positive news starting in 2026.
DMP Price at posting:
$31.77 Sentiment: Hold Disclosure: Not Held
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