now we know why qbe share price is down, page-5

Pepp and all,

I did notice the w/e AFR commented acquisition of NAU may need some sort of C/R.

NAU Earnings impact on QBE;

FY10 0% NPAT
FY11 1.2% NPAT

Figures quoted are from memory only.

This was only an article and had no direct correspondence with QBE.

I don't see that as anything more than a small blip in the SP of the company.
The question I ask myself is what is QBE covering with all the MBS CDO's CFO's BSA's in US/Europe plus mother nature ATM.
You just have to trust Frank and Co if you want part of the action.

Don't mean to sound pessimistic just finding a reason to join the party.

GLAH.

P. All figures and opinions were not directly from QBE.
PS good to see you back Zzup.