Some good thoughts here. I think the relatively high aussie dollar would blunt interest in QBE but considering that a predator would probably apply a 30-40% premium to current share price, a currency difference of - + 10% would not be insurmountable.
I would throw up if QBE bid for IAG. I think 50% of the IAG share price is a priced-in takeover premium as it traded at a p/e of 75 when its share price was recently at 3.33 (see http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1241429&msgno=5655059#5655059). At that earnings ratio, it makes even QR National look modestly attractive even with all its crystal-ball gazing, pie in the sky, no carbon tax impacted, expected doubling of earnings next year.
is qbe a potential takeover target?, page-6
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Last
$18.25 |
Change
-0.220(1.19%) |
Mkt cap ! $27.47B | |||
| Open | High | Low | Value | Volume |
| $18.50 | $18.62 | $18.17 | $68.72M | 3.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8800 | $18.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.28 | 466 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |