QBE - QBE Insurance Group

[oldblue]

Is the purchase of balboa good or bad in you opinion ?

Balboa is very small potatoes in the context of QBE.

$1.5b pa premiums. QBE has an M/Cap of over $19b.

The big news is in the reassurance that QBE is travelling ok.

 

[Bill M]

Hey Bill, did you get on to more with the drop over the last week? Nice rebound today on the back of STRONG fundamentals

Unfortunately not, I got too greedy and wanted lower prices, bloody idiot I am.

 

[ROE]

Unfortunately not, I got too greedy and wanted lower prices, bloody idiot I am.

Dont be too hard on yourself Mr market will be back another Day and offer you lower price on other business at this price I still think it isnt bad

Dare I say more rally next week as people digest how good the result was
They have 1.5b in the kitty for major disaster only pay out 15% of that
Plenty left in the kitty for shareholders and the cherry pick on the newly purchase business is just too good but what else do you expect from Frank

He made over 200 purchase all to perfection
Uncle phil taught me the important of track records do not abandon A grade student for a potential C grade students even if he being a little naughty

 

[jonojpsg]

Balboa is very small potatoes in the context of QBE.

$1.5b pa premiums. QBE has an M/Cap of over $19b.

The big news is in the reassurance that QBE is travelling ok.

Don't know about that - the profit margin on that 1.5b of premiums was 15-20% I believe, which translates to a nice $200m+ addition to the bottom line. Given that net profit for this year is $1.28b, that's a pretty healthy addition IMO.

 

[oldblue]

Yes, fair comment, jono.

Perhaps I did overdo the "small potatoes" bit. What I was trying to emphasise was that QBE appears to be travelling pretty well in difficult times and that the acquisition, welcome as it is, is not the biggest part of the announcement. At least, IMO.

 

[RandR]

Still holding QBE, considering the series of disasterous events that have taken place, aus floods, christchurch quake, japan tsunami ... the SP has been holding up pretty well. It all seems 'steady as she goes' atm. Just seems to be counting down time until overseas interest rates begin to pick up or show any sign of life.

Any tech analysts got views on QBE atm ?

 

[bigdog]

Still holding QBE, considering the series of disasterous events that have taken place, aus floods, christchurch quake, japan tsunami ... the SP has been holding up pretty well. It all seems 'steady as she goes' atm. Just seems to be counting down time until overseas interest rates begin to pick up or show any sign of life.

Any tech analysts got views on QBE atm ?

I was advised that QBE arranged their reinsurance contracts prior to the disasters of 2011 and can now put up their premiums and improve their profits

I hold QBE

 

[Muschu]

Any thoughts on why QBE seems to be suffering when most of the market is enjoying a rally?

Thanks

Rick

 

[VSntchr]

Any thoughts on why QBE seems to be suffering when most of the market is enjoying a rally?

Thanks

Rick

QBE has alot of funds invested in US fixed income securities. Overnight Bernanke said US interest rates would remain low - this is my take...

 

[Muschu]

QBE has alot of funds invested in US fixed income securities. Overnight Bernanke said US interest rates would remain low - this is my take...

Many thanks VS. But wouldn't a company like CSL be similarly effected?

 

[McLovin]

Many thanks VS. But wouldn't a company like CSL be similarly effected?

Most of QBE's US investment income is from US treasuries. CSL's US income is from being the Bank of Dracula. Last time I checked, the Bernank wasn't saying the Fed would start printing blood plasma.

 

[notting]

Most of QBE's US investment income is from US treasuries. CSL's US income is from being the Bank of Dracula. Last time I checked, the Bernank wasn't saying the Fed would start printing blood plasma.

Love it McLovin.

 

[rcm617]

Agree main reason would be lower investment income from US bonds, some might also be worried about cost of the London riots to QBE.

 

[Bill M]

Dont be too hard on yourself Mr market will be back another Day and offer you lower price on other business at this price I still think it isnt bad

Hi ROE, it is 6 Months since we talked about this stock last. Just wondering do you still hold it, are you buying more and what is your present opinion on it? I am sure you know that it is at 7 year lows right now, cheers.

 

[Spongle]

A friend of mine claims the London riots were a significant factor

 

[MartinB]

I notice that the QBE shares begin trading ex-dividend on the 25th August so it will be interesting to see how the stock moves between now and then.

You reckon the 13.07 support will hold?

 

[McLovin]

A friend of mine claims the London riots were a significant factor

He's wrong.

 

[McCoy Pauley]

I notice that the QBE shares begin trading ex-dividend on the 25th August so it will be interesting to see how the stock moves between now and then.

You reckon the 13.07 support will hold?

Down around $12.75/share now. Will need a reversal in the remainder of trading today to hold above that level. QBE being smashed on its half-year report. Down more than 7%. I wonder what all those brokers who continuously recommend QBE think of it now?

 

[notting]

Have been eating it this morning.

 

[skc]

Market's a bit confused with QBE. Open 13.15, low 12.25, now 13.06. So just done a big 6% turnaround...