False news that is not quite true, QBE has a global business and a lot Of it is in London. London and England have been heavily affected by the Wuhan virus.
Suncorp gets nothing out of being Brisbane just poor people that would not get a job like theirs in a major Australian city like Melbourne or Sydney.
SUN’s SP speaks for itself. SUN Becomes a parochial loss maker in people and earns less profit due to being in Sydney.
The SP, the continual change in strategy and other loss ventures makes it business critical to get out of Brisbane and move to a Sydney base with mainly Sydney employees IMHO.
AIG and Marsh are not based out of Ohio, they are based where the people are, like here in NYC.
Companies like Suncorp have to move to Sydney to be competitive just like AIG and Marsh.
TO offers will be the only way the SUN SP will move up at this rate IMHO.
Suncorp in Brisbane is like Gary Dransfield in Georgia, AL.
SUN Price at posting:
$8.87 Sentiment: Buy Disclosure: Held
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