QBE Half Year 2016, page-81

I am a holder of both AMP and QBE. At this level, I cannot have enough of QBE. Yes my expectations on QBE has been too high in the past, however at this level, we are way under valued. I am back in the market as of now. I have been carried away, but the current earnings and returns in QBE is at an acceptable level thus I expect the shares to be rerated as a matter of time. No doubt there are shorting now, but in time everything needs to be settled and we will know the true value of QBE then. Happy to be holding and buying.