Following last weeks news of the US$9.5bn bid for RSA Insurance in the UK is anyone else looking at QBE through the lens of being a near term target in a sector that’s pushing through a consolidation cycle?
The valuation read across for the RSA bid would imply about 30% upside from here.
The business has cleaned a lot of garbage out over the past 18months, making it significantly more attractive to a suitor. The lack of a permanent CEO is interesting, current chap could be seen to be acting as a caretaker while the shingle is being hung out?
any intelligent opinions out there?
QBE M&A, in play?
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Last
$17.73 |
Change
0.000(0.00%) |
Mkt cap ! $26.63B | |||
| Open | High | Low | Value | Volume |
| $17.68 | $17.82 | $17.54 | $61.68M | 3.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15859 | $17.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.80 | 7285 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$17.76 |
Change
0.000 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| $17.71 | $17.82 | $17.54 | 1683468 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| QBE (ASX) Chart |