We're likely hostage to oil price even though AIZ is well hedged - the CEO isn't exactly out beating the drum with warning after warning of this years profit being lower than the record one delivered in FY16.
The price of oil is still not reflecting supply/demand and the Chinese likely are creating this by not buying when the price heads above $50 but then buying once it comes back down into the $40's.
Who knows how low it could go - it doesn't make sense where it is now - I'm in the same boat now I have been buying more as well and have reached my limit. I guess one ray of sunshine is that when it rebounds it will likely do so quickly.
We're likely hostage to oil price even though AIZ is well hedged...
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Last
53.0¢ |
Change
-0.010(1.85%) |
Mkt cap ! $1.756B | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 54.0¢ | 50.5¢ | $347.9K | 663.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 105888 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 29996 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| AIZ (ASX) Chart |