Julia
In Memoriam
- Joined
- 10 May 2005
- Posts
- 16,986
- Reactions
- 1,973
The dividend is 65c and is only 50% franked.
That is all I wanted to say so am adding these extra words to pad this post out and allow it to be accepted for posting.
Yes the divident if just over 5%...never seen it like this for QBE before.And I hope that it is subtantially franked as well !
The dividend is 65c and is only 50% franked.
That is all I wanted to say so am adding these extra words to pad this post out and allow it to be accepted for posting.
This is really interesting. Just watching the last half hour of trade. I bought at $25.15 and thought I'd done OK. Late rally from $24.45 I wonder.....
Brad,OK... so 10% yesterday and 5% today -just shy of analysts expectations, and strong aussie dollar.
Is the battering this is taking justified?
Brad
Brad,
If you look at that chart over the past few years, I didn't hear many people complaining as QBE went from $7 to over $30 in that time. So honestly, a drop back to $25 or so isn't that bad. In comparison, this stock is performing better than AFG, ABS, CNP...
I give it a few more days to settle down, and it will come back slowly, just look at BNB, that has been a shining example of how a stock can rebound rapidly (15-20%) within the matter of days even.
Long term, fundamentally, nothing was/is wrong with QBE. I am actually looking at buying in if it drops much further so I'm not phased. Soon I am sure we will be posting in here about how it performed so well!
No, more the point that its had a fantastic run over the past 4 years, up some 300%, and when there's a 10% fall, especially in what some argue is a bear market (moreso for financials), then I don't see the problem.When was it $7 and go to over $30? it must be years ago...and for no people complaining on that rise is like saying shorters shut up when they lose.
As how reassurring you want to sound with "I'm not phased", it doesn't give any input to what is happing to the SP.
No intended offence. My stats do not show $7-30 in a short time.
Just to note, regarding QBE, I'm in and down...but above ground!
Brad,
If you look at that chart over the past few years, I didn't hear many people complaining as QBE went from $7 to over $30 in that time. So honestly, a drop back to $25 or so isn't that bad. In comparison, this stock is performing better than AFG, ABS, CNP...
I give it a few more days to settle down, and it will come back slowly, just look at BNB, that has been a shining example of how a stock can rebound rapidly (15-20%) within the matter of days even.
Long term, fundamentally, nothing was/is wrong with QBE. I am actually looking at buying in if it drops much further so I'm not phased. Soon I am sure we will be posting in here about how it performed so well!
Sadly, there's no rule which says the SP may only drop as much as the value of the dividend!Hi Friends,
Any idead why SP dropped much more than Div.? Any news? I thought QBE is a very good Company?
Thanks.
Sadly, there's no rule which says the SP may only drop as much as the value of the dividend!
There are dozens of good companies whose SP's are being similarly affected.
I doubt any bad fairy especially has it in for QBE.
Read Tronic's comments above.
By the way, I wouldn't consider trading volumes around QBE in the last few days to be unusual. Its expected given it missed many forcasts and it just released its results.
If it were to drop 6% the day before the results were released, that would have been considered unusual. But being unusual does not neccessarily mean that it requires a please explain.
Barclays Group have been selling QBE shares and ceased to become a substantial holder (see QBE ASX announcements past couple of days). Despite Barclay's selling the volume on QBE since Wednesday has been way above its normal daily trading volume. The recent drop is share price is incongruent given QBE's excellent fundaments and a PE Ratio of less than 11.0I have emailed the ASX asking them to look into QBE's unusual rise in trading volume on Wed 27th Feb. I will let you know what their response is when it is received.
Well done Carol, its time someone shook the regulators.
On the charts this is extremely unusual trading/selling, in a down trend and it may be about to do an AFG chartwise.
Next support/resistance is $20, then $12, then $8.
Beware all.
gg
Despite being accompanied by a chart to give it a veneer of legitimacy, this is just down ramping. Mods???
brad
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?