Hi Petunia,
Sorry I have just got onto this thread and your comments after being away for my first overseas trip in approx 3 years to the highlands of Sri Lanka. Wow this is an old thread. Sorry about your hx with good old QBE and your losses - I had to read your comment a couple of times, I first though you meant averaging down from $20, but you actually wrote averaging down to $20 - ouch.
Some general comments - Yes, been quiet here for a while and I have been more excited about other stocks / sectors, Ive had some success with the ranges of MND recently. Despite some bullish price targets around $14 - $15 after the FY21 results I think the lack of activity here is a pretty good indicator that its fairly valued at present.
I am still holding a small parcel of QBE after selling a lot of my <$8 holdings I picked up in the early days of the covid panic. I am hopeful and waiting for a pullback to increase my holdings. $10 has previously been the trigger to load up but overall I think the insurance sector and QBE is looking more positive than it has in a number of years, so I will probably grab some parcels in the mid $10's if/ when it gets back there.
Horton remains a bit of a mystery, but he seems intent on simplifying the business and steering clear of risky/ volatile sectors. If he continues to do this and maintains a conservative dividend, than the changing big picture forces (increasing interest rates / bond yields, increasing demand and cost of premiums) can finally get this stock moving sustained in a NE direction again.
I will be interested to see the impact of the latest bout of natural disasters have on the combined operating ratio. Off the top of my head I think in the last report it was about 93%. In the time that I have been following QBE (14 odd years) I think it has been as high as 104%. I dont expect it to get that high but it sure is going to be a lot closer to a 100% in the next report. Other worries include the rising AUS $ and the increasing expenses quoted in the last report.
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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. |
---|---|---|
$16.79 | 1874 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 29094 | 16.770 |
1 | 2113 | 16.760 |
4 | 12644 | 16.730 |
1 | 8139 | 16.710 |
4 | 14809 | 16.700 |
Price($) | Vol. | No. |
---|---|---|
16.820 | 1335 | 2 |
16.840 | 8139 | 1 |
16.860 | 27914 | 2 |
16.870 | 12494 | 3 |
16.880 | 10241 | 2 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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