Times like this I wish QBE used less conservative measures to prop up profit rather than look to the long term! lol
According to Huntleys, lower interest rates in the US & UK impacted the probability of adequacy by 1.2% ($181 million) - effectively knocking it from 94% to 92.8%. However, QBE decided to be prudent and absorb this in the P&L effectively decreasing profit by $181 million. I understand the over recent years when the probability of adequacy increased QBE let it increase rather than taking it to the profit line.
I guess in a market especially negative on anything related to financials even conservative companies get canned.
MJS
- Forums
- ASX - By Stock
- i buy stock goes south
Times like this I wish QBE used less conservative measures to...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QBE (ASX) to my watchlist
(20min delay)
|
|||||
Last
$16.71 |
Change
-0.010(0.06%) |
Mkt cap ! $25.10B |
Open | High | Low | Value | Volume |
$16.69 | $16.80 | $16.52 | $63.90M | 3.828M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1651 | $16.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.75 | 36587 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1651 | 16.710 |
3 | 15496 | 16.680 |
2 | 14170 | 16.670 |
1 | 29572 | 16.660 |
2 | 20656 | 16.650 |
Price($) | Vol. | No. |
---|---|---|
16.750 | 36587 | 6 |
16.770 | 22332 | 5 |
16.780 | 14170 | 1 |
16.790 | 36171 | 3 |
16.800 | 27061 | 5 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
Featured News
QBE (ASX) Chart |