thanks master of sin for you words.
I believe that some of the major shareholders are defending Qbe's share price today so to mimimise their losses but there are only so many shares they can buy.
I believe that the share price will trend down sub $16 in the next few weeks as the market re-adjusts their value of this stock.
With so many potential factors that could further erode earnings, this becomes a more risky play with minimal short term upside.
market update, page-28
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Last
$17.08 |
Change
-0.130(0.76%) |
Mkt cap ! $25.71B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.11 | $16.89 | $40.74M | 2.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 248 | $17.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.10 | 620 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |