Well I wouldn't be worried about the slump in markets affecting its earnings... QBE only has a very small equity exposure (5%) and that is protected by a put option.
They are set to benefit from rising interest rates and we are told premiums etc to date are healthy.
My only concern is exposure to the UK Lloyds syndicates. Someone pointed out they they could cop a big hit from aspestos claims but a amssive claim could topple the insurance market in the UK... they would most likely defer settlements of these claims.
Anyhow, probably better value elsewhere... Fosters is preferred.
Cheers,
Munch.
QBE the dog has legs BUT for how long!, page-3
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Last
$16.96 |
Change
-0.350(2.02%) |
Mkt cap ! $25.48B | |||
| Open | High | Low | Value | Volume |
| $17.38 | $17.38 | $16.91 | $38.82M | 2.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 14045 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |