Here we go ! I have invested heavily in this stock with mixed...

Here we go !

I have invested heavily in this stock with mixed results for years. My investment case was based upon 4 prongs;

1. a reduction in large cat losses, having invested in the dark days,
2. a turnaround post the O'Halloran acquisition fuelled binge
3. a rise in USD interest rates
4. a reduction in value of AUD

1. large cat losses have normalised after several greater than average years
2. Ongoing and advanced. The management have done a great job rationalising the business and focusing on operating efficiency and sensible risk management. Next report out soon with half year results to June, expect continuing improvements and higher dividend / payout
3. Thanks to Yellen about to kick in
4. Already come off significantly due to deteriorating Australian economy, but now due for another leg down as USD interest rates rise just as AUD interest rates likely to be reduced by RBA.

Personally I think $16 will prove conservative, I believe that $18 and above is possible this calendar year.

It has been a long and costly wait, but here's hoping it has been worthwhile.

Good luck all.