Big Frank has mentioned a few times no QBE exposure to the PIGS or any european bank that failed the recent stress tests.
I think the recent downturn is based on the recent sentiment and performance of the US economy. Shorters have been having a field day with the negative sentiment.
Also, a 45% DRP/BSP takeup by shareholders suggests there was significant personal interest in keeping the share price down during this time.
I expect if we get no other global catastrophes or financial meltdowns, we should see a gradual SP appreciation towards $16 by end of year.
Big Frank has mentioned a few times no QBE exposure to the PIGS...
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Last
$16.33 |
Change
-0.040(0.24%) |
Mkt cap ! $24.53B | |||
| Open | High | Low | Value | Volume |
| $16.32 | $16.50 | $16.28 | $99.63M | 6.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2866 | $16.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.34 | 584 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |