Strike 1- $120 million write off loss. The force placed insurance business was an unmitigated disaster. At least after 2015, we can move on.
The crop business is still a concern. Mngt may have to write off some additional goodwill there as the business has made lossess the last 3 years and this year is not looking much better.
As I said yesterday, 2015 will still require re-structuring to Loss making businesses.
I'm expecting a 3-4% drop today.
Ann: QBE Insurance Group Limited - Sale of M&LS Business, page-5
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Last
$19.25 |
Change
-0.060(0.31%) |
Mkt cap ! $28.91B | |||
| Open | High | Low | Value | Volume |
| $19.30 | $19.35 | $19.16 | $9.059M | 470.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1281 | $19.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.25 | 380 | 6 |
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| Last trade - 12.16pm 18/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |