It was there at the lows earlier this year and it could get there again but in my opinion it will happen only for one of the following reasons-
1./ Cap raising at around that level
2./ Macro Stockmarket correction
3./ A negative surprise at results Ann
I don’t think it’ll get there because of the latest update as I believe that’s inbuilt in to current SP. Out of all those I believe #1 to be a possibility followed by #2 but likely #1.
My buy-in average is about $8.85 so I’m in red but I will top up if it gets to where you say it will and then wait as like I said QBE always fights back for one reason or another!
Expecting earning downgrades soon, page-24
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Last
$16.94 |
Change
0.150(0.89%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $28.33M | 1.669M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 10760 | $16.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.94 | 13655 | 28 |
View Market Depth
| Last trade - 14.04pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |