Oh, the highlands of Sri Lanka sound amazing.I'm looking forward...

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petunia

2,356 Posts.

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19/04/22

12:39

Post #: 60910381
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Originally posted by jimmorrison: ↑

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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Oh, the highlands of Sri Lanka sound amazing.

I'm looking forward to crossing Lord Howe Island, off my bucket list in a couple of weeks.

Good luck making $$$ for future adventures.

Cheers,
P

QBE Price at posting: $12.13 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $16.39		Change 0.110(0.68%)		Mkt cap ! $24.67B

Open	High	Low	Value	Volume
$16.11	$16.47	$16.07	$55.25M	3.374M

Buyers (Bids)

No.	Vol.	Price($)
3	14975	$16.36

Sellers (Offers)

Price($)	Vol.	No.
$16.40	5185	1

View Market Depth

No.	Vol.	Price($)
3	14975	16.360
1	13647	16.350
1	13647	16.340
2	39851	16.330
1	5775	16.320

Price($)	Vol.	No.
16.400	5185	1
16.420	105288	3
16.430	7777	1
16.440	13647	2
16.450	20160	4

Last trade - 16.10pm 02/10/2024 (20 minute delay)

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Oh, the highlands of Sri Lanka sound amazing.I'm looking forward...

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Oh, the highlands of Sri Lanka sound amazing.I'm looking forward...

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