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.
A month ago sentiment was very bullish: eg."Date: 7/10/2009...
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Last
$18.25 |
Change
-0.220(1.19%) |
Mkt cap ! $27.47B | |||
| Open | High | Low | Value | Volume |
| $18.50 | $18.62 | $18.17 | $68.72M | 3.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8800 | $18.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.28 | 466 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |