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$6.18 insurance australia group limited

Ann: Dividend/Distribution - IAGPD, page-5

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mrcarter

799 Posts.

27

07/08/20

14:28

Post #: 46380041
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Originally posted by BAU ↑

Well not a pretty picture, it appears they would have made a loss if not for the India sale and the NZ operations.

Commentary from the fund managers include;

IAG's revenue was on the weaker side and cautioned there would be further challenges for the business to come, including the outcome of the test case (COVID exclusions).
"They didn't give any '21 guidance but they have talked to some of the headwinds that will impact the business, including higher reinsurance costs. It sounds like there is still quite a bit of challenge moving forward."

So if the funds aren't motivated to buy I would be holding off as well, having said this I think the stock has hit its base (or close enough) so the price will ride the general performance of the ASX. I wouldn't expect any major improvement in price until Harmer leaves and the new CEO takes over.

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i mean. This was expected.
They were barely managing even before Covid hit.

Might play around $4 for a while now

IAG Price at posting: $5.02 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $6.18		Change -0.080(1.28%)		Mkt cap ! $14.75B

Open	High	Low	Value	Volume
$6.24	$6.24	$6.16	$18.00M	2.913M

Buyers (Bids)

No.	Vol.	Price($)
2	48170	$6.18

Sellers (Offers)

Price($)	Vol.	No.
$6.19	15198	2

View Market Depth

No.	Vol.	Price($)
1	83	6.160
5	29568	6.150
5	63525	6.140
1	14406	6.130
2	29617	6.120

Price($)	Vol.	No.
6.190	15198	2
6.200	33509	4
6.210	60545	2
6.220	10576	3
6.230	14346	3

Last trade - 16.10pm 14/05/2024 (20 minute delay)


Last $6.17			Change -0.080 ( 1.15 %)
Open	High		Low	Volume
$6.24	$6.24		$6.16	477531
Last updated 15.59pm 14/05/2024 ?

IAG (ASX) Chart