as for the business
AUD would not worry Buffet in the least, as greater share of business in USD and EUR. In fact the 25-30% of Australasian business probably would appeal to balancing his currency scales!
as for the QBE share price
He could always make a bid in USD, and let QBE shareholders decide. With a recovering USA economy, currency could be his friend during the course of a bid process. Yes if the AUD corrects on downside then ordinarily we would expect to see the QBE price rise.
such a move aint ever going to be done via ADR's
buffet, page-3
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Last
$15.80 |
Change
0.110(0.70%) |
Mkt cap ! $23.73B | |||
| Open | High | Low | Value | Volume |
| $15.63 | $15.80 | $15.41 | $90.37M | 5.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $15.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.81 | 1000 | 1 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |