Hi All,
Just an update on how I am handling my position in QBE.AX given I posted a quantitative macro view representative of my action plan for it back in late Jan.
The most recent move is a solid one as QBE is starting to show up on the radars of a lot of fund guys now that there is at least some prospect of a reduction in QE in the US entering discussion. Whether that happens of not remains to be seen however this stock is very heavily favoured by a rise in rates and their diversity of businesses globally means they are probably the best insurer in the world to benefit from a return to rate normality.
My initial expectation was to see $16 this year as suggested so I thought now was timely to update my view.
I am going to be hedging some gains as we approach the $16 area as I think equity markets are due some kind of reasonably pullback before E(y).
Any moves back into the $13-14.25 area will see me reallocate long the alpha generated in this position that I will commence hedging from $15.50 area and higher.
A move below $12.00 now would concern.
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Hi All,Just an update on how I am handling my position in QBE.AX...
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Last
$16.39 |
Change
0.110(0.68%) |
Mkt cap ! $24.67B |
Open | High | Low | Value | Volume |
$16.11 | $16.47 | $16.07 | $55.25M | 3.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14975 | $16.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.40 | 5185 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14975 | 16.360 |
1 | 13647 | 16.350 |
1 | 13647 | 16.340 |
2 | 39851 | 16.330 |
1 | 5775 | 16.320 |
Price($) | Vol. | No. |
---|---|---|
16.400 | 5185 | 1 |
16.420 | 105288 | 3 |
16.430 | 7777 | 1 |
16.440 | 13647 | 2 |
16.450 | 20160 | 4 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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