QBE - QBE Insurance Group

[BradK]

QBE indicative open price, Im sure, will have no bearing on the real price... but can someone explained how it is calculated.

Someone wanting to dump nearly 3 million at 19.45, and another wanting to buy nearly 2 million at 24.96.

Is that a shorter trying to have a crack? Who dares wins stuff?

Please explain.

cheers
Brad

 

[oldblue]

Prices in pre-open are shown " in reverse", ie bids are actually offers and vice-versa.
Have a look at some other stocks - they'll all be the same format.

 

[BradK]

Thanks for that... Hmmm... I dont quite get it though...

You are saying the 'seller' at

19.450 2,631,328 1

is actually wanting to 'buy'?

Brad

 

[BradK]

Oh of course it is options expiry day today... lot of happy and angry and shocked punters out there with their puts/calls today I bet. What a difference a month makes!

brad

 

[ozambersand]

There is a good thread in the beginner's forum that explains the pre-open price and auction.
https://www.aussiestockforums.com/forums/showthread.php?p=273194#post273194
I needed to get my head around fact that the prices quoted were really just ways to position yourself in the queue rather than what was actually expected to be paid/sold at.

 

[oldblue]

Sorry, Brad.
I've put it wrong and have only confused things.
What I meant to say is that bids and offers are listed in reverse order, ie, lowest bid up to highest bid, highest offer down to lowest offer. The opposite to how they will appear after opening

Whew !

 

[Trembling Hand]

The open match prices today is effected by the Expiry of Futures contract on the opening price of all asx200 stocks. Its a huge volume open today because of that. Basically 3 months of arbitrage trading will be unwound on the open. Nothing to get your nickers in a knot about.

 

[ozambersand]

They got a speeding ticket today but denied knowledge of anything that would make their price go up 5% while everyone else's went down.
They said that Dow buying them out was just a rumour.
However I did notice a couple of other new items in red (ie not available to be looked at) and one of these was a trading halt during the day. So something is in the wind.

 

[bigdog]

My prediction was that Insurance Australia Group would be a takeover target!!!!

http://www.news.com.au/heraldsun/story/0,21985,23410053-664,00.html

The news took the market by surprise, partly because the successful insurer (QBE) is frequently speculated as a predator.

It has long been rumoured to be considering a tilt at struggling local rival Insurance Australia Group.

 

[ROE]

I think Uncle Warren maybe looking at QBE
That's my theory knowing uncle always want to buy things when everyone see doom and gloom

 

[BradK]

Lets play a game of speculatoin... and make it clear that Buffet has NOT approached the company for an offer... but, how much per share do you think it is worth?

I know Buffet like to get himself a good deal

$35?

Brad

 

[Sean K]

$35 looks like a pluck Brad. Right now, it's worth $23.88.

But, have we seen the bottom? May be about to have a clear higher high and low. Has the worst of the credit skeletons been revealed?

This is definately on my long term blue chip recovery story list.

 

[Boggo]

It came up in my scans last night, its playing the game so far.

Lets see if it can break below the $24 level.

Mike

 

[cbacamden]

QBE - Thoughts on when this will come good?

Ive been reviewing QBE for some time now and think it may be getting close to bottoming out

Any thoughts on the future for QBE?

 

[Dutchy3]

IMO QBE may not have found its bottom as yet. This shot from my watchlist. I'm ready to sell this down on the CLOSE Monday if it drops below 2000 ...

 

[Dutchy3]

Chart that I didn't attach to the above post and more word to make 100 plus some cause I'm still not there

 

[michael_selway]

IMO QBE may not have found its bottom as yet. This shot from my watchlist. I'm ready to sell this down on the CLOSE Monday if it drops below 2000 ...

Hm are numbers are not to bad

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 217.0 214.9 224.8 232.1
DPS 122.0 129.0 137.0 141.5

thx

MS

Date: 10/7/2008
Author: Marsha Jacobs; Madeleine Koo
Source: The Australian Financial Review --- Page: 3
Investors in failed property development financing group Westpoint in Australiahave suffered a legal setback. They had brought an action in the New South WalesSupreme Court against financial planning firm Qantum Securities over itsrecommendation of Westpoint. However, due to the fact that Westpoint did notactually appear on the list of Qantum's approved products, there will be noinsurance cover available from QBE Insurance to compensate the claimants fortheir investment losses. Law firm Slater & Gordon warns that this loopholestill exists despite recent reforms and that more unwary consumers may be caughtout

 

[Dutchy3]

Hm are numbers are not to bad

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 217.0 214.9 224.8 232.1
DPS 122.0 129.0 137.0 141.5

thx

MS

Yep and the Price action precludes opening a short against this one too ... perhaps this has now put in its low?

 

[Logique]

I agree with the two latest posts.

I first mentioned this in the falling knifes thread a little while back. I added to my holding back then, and haven't regretted it. Traders looking for a turnaround are hard to please if they don't like this technical setup. I'd like a break above the 50EMA, but that is in sight now.

For all stocks in the market, we know that future earnings are subject to revision, but at the moment QBE is listed on Commsec at 5.6% dividend with 50% franking.

 

[bearmarket]

Is QBE an USD/AUSD play in anyones opinion? I read somewhere last year that it was. Is this true?

bearmarket