Just topped up my holdings this morning.
I love QBE.
It must be the best trading blue chip stock on the ASX.
What some investors don't realise, a high cat year like 2012 means significant premium growth the next year with a clean claims sheet.
So, if we have a relatively benign 2013, it is not inconceivable that we may double our earnings especially if the US housing recovery takes hold and US crop season normalizes.
Remember, if US recovery takes hold, this means global risk free govt yields should rise significantly and USD will appreciate against major currencies including AUD.
The question for investors is timing because when this does happen, QBE will be probably the most leveraged Aussie company to benefit from this.
dividend, cr or nada, page-24
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Last
$17.62 |
Change
0.610(3.59%) |
Mkt cap ! $26.52B | |||
| Open | High | Low | Value | Volume |
| $17.14 | $17.71 | $16.99 | $46.00M | 2.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22311 | $17.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.62 | 2110 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |