QBE - QBE Insurance Group

[venno]

Feeling very annoyed at the shorters right now lol (not being one myself), playing havoc with 'investors' and not creating a single ounce of value other than profit to oneself.

Amen to that, it was good while it lasted with no shorts around.

I previously purchased QBE when they dropped down to ~16 and sold when they went over 20, so I got my monies worth out of em. Looks like the karma god is going to take a slice out of me this time around though.

If they can throw on 50c at open I'll be home and hosed though

 

[venno]

Still holding the baby with this one, looks like the stock is on the nose with investors. Still can't find any direct news/announcements that would account for this sentiment.

I guess shorters could be having some fun with it, or maybe the recent weather in eastern states (thus insurance claims) could be pushing sentiment negative. The analysis by Huntleys has the stock rated as a buy, the Financial Times companies anaylsis has the 12 mth median SP at 23 with a high of 29.

Its disconcerting at the moment to see the markets and most stocks on the rise and a supposed premium stock with great prospects trending down.

Will stick it out this week and make a decision on Friday I think.

 

[Real1ty]

I think the bearish sentiment could also be related to the AU$ as a lot of the earnings occur OS.

It's always difficult to know unless the company has advised of its hedging positions, i haven't looked to know if they have or haven't, but most if not all brokers would be aware of them.

I don't hold and it's just my

 

[S73417H]

My opinion... At this price, QBE is a fantastic buy. Can't go wrong at this level. Holders will be rewarded in the next 6 months.

 

[Julia]

My opinion... At this price, QBE is a fantastic buy. Can't go wrong at this level. Holders will be rewarded in the next 6 months.

Can you explain how and why holders will be rewarded in the next six months?

That's a very positive assertion to make without providing some justification.

 

[kam75]

QBE is being sold off and volume is increasingso expect a decline at least in the short term. There's a gap to fill to 18.11 so would not suprise me at all to see it fall to that level.

regards

 

[venno]

QBE is being sold off and volume is increasingso expect a decline at least in the short term. There's a gap to fill to 18.11 so would not suprise me at all to see it fall to that level.

regards

Ouch, that would sting

I seriously hope your wrong. I should have bailed yesterday when I was in the black at open.

 

[S73417H]

QBE is being sold off and volume is increasingso expect a decline at least in the short term. There's a gap to fill to 18.11 so would not suprise me at all to see it fall to that level.

regards

I agree. From a technical standpoint, QBE is set to hit the $18 resistance level. From a fundamental standpoint, the company is still in a very strong position within the market. Acquisitions will most likely be made and QBE should see growth in the medium term. The company is positioned well, with low risk investments. It would be amazing if it managed to break through 18 and hit 15 again (obviously not impossible however).

The only thing that I see hurting QBE short term would be another drop in the cash rate. Given the recent news regarding the Aussie economy, this is becoming more unlikely. My personal opinion is that investing now is relatively safe and $18-$19 represents a good entry point.

If things pan out, and this stock bounces off the 18 mark like I suspect it will, making it back to $25 mark in 6months is not far fetched at all.

That being said, if anyone can suggest anything to the contrary, I would very much appreciate hearing about it.

 

[johannlo]

Not worried about the medium-long term either with my entry price just a smidgin over 20. I'm nowhere as good with technicals as many of the posters here but I felt that 20 would be in the ballpark for an entry point so here I am. Having said that had I waited another week the shorting ban would have been lifted and I would have gotten in after that sudden drop to 19 a few days ago.

I only get into bluechips for long term defensive (trading the juniors is so much more volatile and fun lol) and with QBE's conservative approach, fundamentals and solid P/E ratio I don't think there's much to fear if you're willing to hang in there for a low risk 20-30% gain over a year or two.

 

[gerg]

Hi guys
read somewhere that a broker had downrated its earnings by ~5%.
Also it seems that the high AUD might also effect its earnings given its investments in the US.

The fundamentals still seem to be there for the longer term.

 

[venno]

Woot....Go QBE.

Looks like I won't be singing for my supper after all :

Seriously though, I had 2 good 'day' trades on STO and WBC only QBE that dragged the chain but its coming good so all is forgiven.

Interesting stocks commentary in Saturdays West Australian, the columist compared global equity markets to a house of cards and said its all due to fall down (and then ressurect into something bigger. sounds like a phoenix complex).

Ordinarily not a paper I would place much stock in (pardon the pun) when it comes to financial opinion, but things must be shaky when mainstream and traditionaly cautious print media are echoing the sentiment on this (and many other) forums.

 

[S73417H]

Good result today but maybe just a tad early to be jumping for joy If we close strong above $20 I'll join you venno

As a point of interest, the recent moves by the Commonwealth to start raising interest rates signals to me that we can rest assure the cash rate will not be lowered any further. After all, it only has an effect if the banks pass it on and they are doing an about face now.

This is a shimmer of good news for QBE.

 

[sidious]

I've entered QBE when it dropped to $15 and sold off on the $21 mark. Plus dividends off course Looking at the charts of the SP, I'm thinking of a possible repeat of that. .
At current prices, I find it very hard to enter.

 

[S73417H]

I've entered QBE when it dropped to $15 and sold off on the $21 mark. Plus dividends off course Looking at the charts of the SP, I'm thinking of a possible repeat of that. .
At current prices, I find it very hard to enter.

Hope you are wrong I don't think 15 will be hit again. There is a move to defensive stocks right now and QBE is obviously on of those stocks. This might help support QBE over the next few weeks.

Is anyone following the Suncorp / Bank of Queensland merger speculation recently? If it were to go ahead, it would require Suncorp to separate out its insurance business. This might be a good opportunity for QBE to roll in and snap it up?

 

[venno]

Looks like QBE is back in favour, hope this means a good week of gains is ahead of us

Is QBE really classed as a traditional defensive stock though ?

 

[S73417H]

http://www.ft.com/cms/s/0/cb9e18b4-5f7a-11de-93d1-00144feabdc0.html

About time QBE started to get a bit more information out there.

 

[S73417H]

Just going to throw up a few charts for QBE. Some interesting things to note. Firstly, there looks to be a head and shoulders pattern formed in the first chart. In the second chart QBE looks to be trading pretty spot-on to the fib retracement I have drawn. Also worth noting, it also looks like that head and shoulders circled is part of a bigger head and shoulders pattern.

Interpret as you will.

Happy trading.

 

[S73417H]

Some decent news from QBE today with a credit rating raise. Should we break above $20.5, i think there could have a bit of a run up to $25.

 

[thierry]

How come QBE is still hovering around $20? The rest of the market, and the banks have all been rising.. any thoughts on this?

 

[GumbyLearner]

How come QBE is still hovering around $20? The rest of the market, and the banks have all been rising.. any thoughts on this?

Thanks for the HEADS UP Thierry

I will look more closely on this thread before I choose to part with the "hard-earned"so to speak.

Cheers
Gumby