Yes I have, yet QBE share price still remains low... why? because of the AUD.
FreeWill:
From investor presentation:
2010 GWP of $800M in Asia Pacific
2009 GWP of 2.6B GBP (so, over AU$5Bn) in 2009 in Europe; 30% in USD.
2009 GWP of US$4.13B in the Americas....
2009 GWP of about AU$3.4Bn in Australia...
"Top line affected by weaker US DOllar and Sterling"
"FX Rates 2009/10 likely to reduce 2010 premium growth by 9%"
"With over 50% premium income in US dollars, we are considering US dollar presentation"
Perhaps someone didn't hedge as much as they should have? They seem to expect an exchange rate of 90c for FY10... but, what if it ends up averaging $1?
Yes I have, yet QBE share price still remains low... why?...
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Last
$17.39 |
Change
0.150(0.87%) |
Mkt cap ! $26.12B | |||
| Open | High | Low | Value | Volume |
| $17.36 | $17.65 | $17.25 | $68.31M | 3.923M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21665 | $17.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.39 | 159691 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |