Hey Courau,
Are you getting in yet? Yes. I was absolutely gobsmacked with the results. The surprising thing was that MRE forecasted this result last week. It was impressive that they were able to do this so accurately. Unfortunately I only read the report too close to 4pm on Friday so I could not load up.
This result is an indication of the quality of QBE very astutue management of underwriting risk and growing the business aggressively at the same time. I reckoned easily a $40 stock in 24 months time.
The million dollar question I suppose is: will the market correct again shortly to present a buying opportunity or do you buy more at this sort of levels.
consistent underperformer, page-12
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Last
$16.96 |
Change
-0.350(2.02%) |
Mkt cap ! $25.48B | |||
| Open | High | Low | Value | Volume |
| $17.38 | $17.38 | $16.91 | $38.82M | 2.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 14045 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |