cash profit $1,042M as forecast. company decides to take higher amortisation than analysts had forecast and the shares drop 8% on open - crazy stuff.
report actually better than expected in a number of places, particularly in capital, and provides a great platform for the future.
QBE now trades on prospective PE of about 10. re-rating to occur from here.
bloodbath reflects fools who sell on headlines
Add QBE (ASX) to my watchlist
 (20min delay)
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Last
$16.79 |
Change
-0.180(1.06%) |
Mkt cap ! $25.22B | |||
| Open | High | Low | Value | Volume |
| $16.87 | $16.94 | $16.69 | $33.92M | 2.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2466 | $16.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.79 | 1874 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |