I am not sure where you got 80% remortgages from but lending mortgage insurance is not a major part of QBE business which is widely diversified into many classes of general insurance and reinsurance. Long term QBE will outperform though if you bought in the early/mid 2000 period at more than $30, it is a different story and needs a lot of dollar averaging to breakeven. Anything less than $10 is a steal, it was $15 just a few months ago. Dividend yield is much better than bank interest even if they cut the dividend.
I am not sure where you got 80% remortgages from but lending...
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Last
$16.39 |
Change
0.110(0.68%) |
Mkt cap ! $24.67B | |||
| Open | High | Low | Value | Volume |
| $16.11 | $16.47 | $16.07 | $55.25M | 3.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14975 | $16.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 5185 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| QBE (ASX) Chart |