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?
Following last weeks news of the US$9.5bn bid for RSA Insurance...
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Last
$18.39 |
Change
0.155(0.85%) |
Mkt cap ! $27.53B | |||
| Open | High | Low | Value | Volume |
| $18.38 | $18.47 | $18.30 | $25.27M | 1.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 3824 | $18.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.39 | 4471 | 23 |
View Market Depth
| Last trade - 12.42pm 18/06/2024 (20 minute delay) ? |
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Last
$18.40 |
Change
0.155 ( 1.00 %) |
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| Open | High | Low | Volume | ||
| $18.34 | $18.47 | $18.31 | 903911 | ||
| Last updated 13.00pm 18/06/2024 ? | |||||
| QBE (ASX) Chart |