What this implies dream run over, warren bufferts insurance companies did well this year in the states , one hiccup and qbe is already in the news with another down grade.
In light of the article, a CR will only re-enforce the lack of management and depth of non-profitable ventures
qbe is looking at hurge impairments if this is so.
frist test is margin must raise insurance prices and reduce costs. in other words discard non profitable business
in my opinion qbe is no longer a long term buy but a long term sell.
morningstar still rates qbe as a buy with a reduced target of $19,
no bargin today ..., page-24
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Last
$15.69 |
Change
-0.240(1.51%) |
Mkt cap ! $23.57B | |||
| Open | High | Low | Value | Volume |
| $15.83 | $15.92 | $15.64 | $69.50M | 4.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70697 | $15.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.70 | 159000 | 1 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |