Looking at the weather websites, it's quite a small cyclone compared with others this season.
As for the hit after todays announcement:
For FY15, the Group continues to expect to deliver a reported insurance margin in the range of 13.5-15.5%, and expects GWP growth to be at the lower end of its 17-20% guidance range.
Lower end instead of upper end of 17-20% isn't really worth a 6-7% fall in the share price. This is a buying opportunity if nothing else. Market has over-reacted.
IAG lagging market?, page-24
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Last
$7.08 |
Change
-0.090(1.26%) |
Mkt cap ! $16.78B | |||
| Open | High | Low | Value | Volume |
| $7.17 | $7.18 | $6.99 | $46.34M | 6.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27853 | $7.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 6682 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IAG (ASX) Chart |