QBE 0.67% $16.47 qbe insurance group limited

call options, page-8

  1. 9,081 Posts.
    A month ago sentiment was very bullish:

    eg.

    "Date: 7/10/2009
    Author: Richard Gluyas
    Source: The Australian --- Page: 36
    QBE Insurance CFO, Neil Drabsch, has expressed concern about ongoing economic volatility. QBE is expected to seek a number of acquisitions in fiscal 2009-10, including in the underwriting sector. QBE currently has around $A3bn in surplus capital and reported a 19% increase in interim net profit to $A1.02bn in August 2009. "

    Not a great deal has changed since then - except for the stronger Aussie dollar affecting profit margins.

    The pullback to sub $22 does look overdone ... imo.
 
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