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.
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$16.36 |
Change
0.020(0.12%) |
Mkt cap ! $24.62B |
Open | High | Low | Value | Volume |
$16.19 | $16.53 | $16.12 | $48.34M | 2.959M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 824 | $16.34 |
Sellers (Offers)
Price($) | Vol. | No. |
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$16.38 | 1336 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20 | 16.250 |
1 | 1240 | 16.150 |
1 | 60 | 16.140 |
1 | 250 | 16.130 |
4 | 3150 | 16.110 |
Price($) | Vol. | No. |
---|---|---|
16.480 | 500 | 1 |
16.520 | 790 | 1 |
16.550 | 1000 | 1 |
16.600 | 2343 | 1 |
16.640 | 1000 | 1 |
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