QBE 1.32% $18.49 qbe insurance group limited

I think they are going to raise at least 250 millions at higher...

  1. 358 Posts.
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    I think they are going to raise at least 250 millions at higher interest rate due to their credit rating downgrade.

    Note that their so called cash are premium payments which must be paid out. At their latest estimate it would be 96% paid out as claims, marketing and operating costs.

    Regarding their 850 millions cash npat, bear in mind this is a company that serious habit of bullshitting the market with their so called forecasts.

    Anyway, not touching this one, so does not matter to me if people still want to put their hard earned cash into this company. Just be informed before you do so. Voluntary assumption of risk requires understanding of the risk.
 
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