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0.79%

$16.61 qbe insurance group limited

how could you have an average cost of $5.74?

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MJM23

2,465 Posts.

36

22/06/17

14:40

Post #: 25432242
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Originally posted by ryan0 ↑

I can see why shareholders are despondent with QBE.
However:
In the 3.5 years I have held it has been a winner.
I don't mean to brag but I have just bought parcels on these dips and sold these when it picked up and repeated the process.
This has allowed me to get my avg. cost in down to $5.74.
A number of posters have mentioned success with trading this stock in the past. I think this has been the strategy for QBE as an investment in recent years. Many posters have said how predictable these negative announcements are, well take advantage of it.
I will continue to do so while retaining a core holding.

I see more positives than negatives for QBE i.e

On a Macro level interest rates are on the rise globally which should mean higher returns from the investment pool of premiums.
Micro:
QBE pays a reasonable dividend.
Blue chip company hopefully in a turn around also probably a defensive stock in a market shakeout.
Approached as recently as last December with takeover talk - the lower it goes the greater the opportunity. Who better qualified to value an insurance company than another insurance co?
I picked up more yesterday at $11.85

Good luck

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how could you have an average cost of $5.74?

QBE Price at posting: $12.00 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $16.61		Change 0.130(0.79%)		Mkt cap ! $24.80B

Open	High	Low	Value	Volume
$16.45	$16.61	$16.40	$17.08M	1.034M

Buyers (Bids)

No.	Vol.	Price($)
3	18758	$18.27

Sellers (Offers)

Price($)	Vol.	No.
$14.95	1034	1

View Market Depth

No.	Vol.	Price($)
2	3400	18.270
1	3903	17.500
5	10987	17.450
13	147741	17.440
3	14591	17.420

Price($)	Vol.	No.
14.950	1034	1
15.450	95533	1
15.640	2554	7
15.650	33097	4
15.700	11025	5

Last trade - 15.59pm 11/10/2024 (20 minute delay)

QBE (ASX) Chart