Jossette,EPS of 80-90c for FY14 x 15 = $12 - $13.50.Throw in:1....

Jossette,

EPS of 80-90c for FY14 x 15 = $12 - $13.50.

Throw in:
1. Poor last half result that blind sighted everyone.

2. Continual problems with the U.S. operations that could take years to fix or run-off. Questions marks swirl about their risk margin buffers.

3. Balboa going sour as you outlined. Reverse your logic, why didn't QBE have a watertight contract with BoA?

3. U.S. Hurricane season still has 2 months to run.

4. Belinda Hutchison (chairperson) running a ship she has no idea on how to do.

5. A board that has very little insurance experience (let alone globally).

6. Opaque business model. They couldn't even work out how bad their U.S. operations were until after the reporting season.

7. Frank O and Terry Ibbotson now sprung up and will work against QBE.

8. Elders debacle. Forked out $500m for a rubbish line of business.

9. Buying a crop insurance portfolio - why would you do that with global warming the way it is?

10. Interest rates, bond rates, exchanges rates etc. If you have an underlying business model that has numerous faults, this will not save you.


I would also suggest to QBE that if they want to retire debt, don't sell the house, sell businesses.

While I understand your passion Josette, name one thing that QBE does better than anyone else in its home market - Australia?

P