shocking announcement, page-88

I'm an investor with a fairly high risk appetite. As a result, I hold a lot of growth prospects, long term.

My experience of companies facing risk is that there is a world of difference between the risk of reduced profits and the risk of failing.

Only a lunatic would point to the CUT IN THE DIVIDEND as evidence that QBE is about to go bankrupt. When profits a reduced, reducing the dividend is the only responsible thing to do. That's the way it goes.

From some of the hysterics on this thread you would think that QBE was a struggling small cap hurtling towards another capital raising.

I think the most sensible one was the guy who said that it would get to $6 at worst, but it was a strong buy at $8-$9.

This stock won't crash too much lower - even the reduced dividend won't allow it. If the market wants to sell down QBE until the grossed up yield is in the 10-20% race, it will be a short lasted sell down... Hell, if it got that cheap they could even buy their own stock.