From Dow Jones news wires:
2305 GMT [Dow Jones] STOCK CALL: QBE's (QBE.AU) A$1.03 billion purchase of PMI's (PMI) mortgage insurance business in Australia and Asia, could prompt some "sticker shock" reaction to QBE share price, says Goldman Sachs JBWere analyst, on view that buying mortgage insurance business at this stage of property and interest rate cycles is extremely risky. "If it was anyone other than QBE doing this deal, we would be running for the hills," says analyst, "however, it is actually classic QBE," says GSJBW with QBE "clearly dealing with a distressed seller," and deal estimated to be 3% to 4% accretive to earnings. QBE last at A$23.50. (WEL)
From Dow Jones news wires:2305 GMT [Dow Jones] STOCK CALL: QBE's...
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Last
$17.59 |
Change
-0.780(4.25%) |
Mkt cap ! $26.42B | |||
| Open | High | Low | Value | Volume |
| $18.23 | $18.44 | $17.42 | $80.78M | 4.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37972 | $17.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.60 | 96445 | 9 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |