The bad news is that QBE is a dud stock.
They commit insurance fraud against NSW and QLD motorists to fund their mistakes.
Well, it's good news for shareholders - not good for the public.
This is the true fraud and the only fraud I have encountered - the one being committed by insurance companies.
Interest rates - yes they are 1.5% and will remain at 1.5% for many years.
If they did increase, you would think QBE will past on cost savings, so I don't understand this argument that if rates rise QBE makes more money.
Oh wait - I know what it is - just like the Banks - pocked the extra amount as another source of profit.
Whinge when rates go down, but don't reduce premium rates when rates go up - fraudsters.
Should all be rounded up before Trump - this fraud has gone on long enough.
QBE Price at posting:
$9.80 Sentiment: Sell Disclosure: Not Held
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