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QBE, QBE INSURANCE GROUP LIMITED
early birds
post Posted: Dec 18 2020, 11:45 AM
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In Reply To: nipper's post @ Dec 18 2020, 11:29 AM

remember opal tower ??? the builder Icon insurance with QBE, the court case still going [ more likely insurance company will for the bill in the end] imho

i for one won't stick my hands out to it at current price!!



 
nipper
post Posted: Dec 18 2020, 11:29 AM
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There is a headline I never thought I would see
QUOTE
QBE sinks after loss warning.


serial offenders!



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 10 2019, 12:46 PM
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QUOTE
Premium rate momentum has continued into 2019 with average premium rates up by around 4% (ex CTP) in the first quarter, consistent with our experience in the first quarter of 2018.

We have experienced positive rate in all of our divisions due to a combination of market conditions and our disciplined approach to pricing and risk selection.”

Pat Regan, CEO, QBE Insurance Group




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
early birds
post Posted: Feb 26 2019, 07:53 AM
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In Reply To: nipper's post @ Feb 25 2019, 05:47 PM

i'm scared to touch QBE ,only because it is a insurer of Opal Tower, that will really cost them when that saga settles. IMHO.
that things will keep going for a while!



 
nipper
post Posted: Feb 25 2019, 05:47 PM
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QUOTE
Insurance giant QBE used to be seen as a black box. It's still a complex beast, but chief executive Pat Regan is making strides towards keeping things as simple as possible.

The key number from the 2018 full year result is the group's combined operating ratio, which is the main measure of profitability. It improved from 103.9 per cent in 95.7 per cent in 2018, thanks to better pricing and lower costs.

Regan says it will be between 94.5 per cent and 96.5 per cent in 2019; if he can hit the midpoint of 95.5 per cent, he'll eclipse market expectations.
https://www.afr.com/business/what-we-learned-from-profits-on-february-25-20190225-h1bos5

... But still a black box (hopefully, not a swan?)




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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early birds
post Posted: Feb 22 2018, 11:03 AM
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In Reply To: nipper's post @ Jan 24 2018, 10:28 AM

as us 10 years yield looks gonna shoots up, QBE will be the beneficialer
i hold it for over 11.50 ish target even if US market face another sell off.



 


nipper
post Posted: Jan 24 2018, 10:28 AM
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In Reply To: early birds's post @ Jan 24 2018, 09:41 AM

EB, the 'new guy' always sells off a few marginal subsidiaries, cleans up the balance sheet and lowers expectations. How else can allocated performance options end up 'in the money' at the end of the new CEO's time at the helm?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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early birds
post Posted: Jan 24 2018, 09:41 AM
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In Reply To: early birds's post @ Jan 23 2018, 11:35 AM

QBE Insurance upgraded to overweight at JPMorgan


hmmmm over 10.90 now. we get this up grade the day after. weirdsmiley.gif

hope some of you guys still hang in there!! tongue.gif

my target price for QBE is 11.50---12.00 within 2018.



 
early birds
post Posted: Jan 23 2018, 11:35 AM
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In Reply To: blacksheep's post @ Sep 12 2017, 11:38 AM

have look at QBE price movement after the wright down.......

it is not first time to see this type of action for QBE.

as UST breaks out , QBE should be a good bet, but the nature seems always against this beast. wacko.gif



 
blacksheep
post Posted: Sep 12 2017, 11:38 AM
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In Reply To: early birds's post @ Sep 12 2017, 08:46 AM

Market seems to like the news. Shorters may need to take cover smile.gif

QUOTE
With a dearth of other news around, QBE is #1. Here's AFR Chanticleer columnist Tony Boyd asking whether the change at the top of the insurer means it's finally time to buy the stock:

One of the most commonly asked questions in the market over the past five years has been – "Is now the time to buy QBE?".

The question will be asked again today after the board of QBE suddenly appointed the company's chief financial officer and head of Australian and New Zealand operations, Pat Regan, as chief executive to replace John Neal.

Neal leaves after five years as CEO with the company in much better shape that it was when he took over as CEO in 2011.

The QBE Neal inherited from Frank O'Halloran had a range of problems caused by a decade of acquisitions.

The QBE of 2011 had poor underwriting practices, under reserving, weakness in its capital and poor risk management.

Even though Neal had been at the company for eight years before he became CEO it took him quite a while to get his head around the depth and breadth of the problems.

It was evident from a profit downgrade in June this year caused by the QBE emerging markets business that the problems buried in QBE were deeper than previously thought.

Not every CEO has a "kitchen sink" moment but Neal needed one at QBE. The $254 million loss recorded in calendar 2013 was meant to mark the beginning of a "period of refocus and stabilisation".

Neal managed to lift the return on equity from about 7 per cent to 8 per cent but QBE shares are now trading at a price less than they were when Neal took over as CEO.

It is generally accepted that Neal transformed QBE from a disparate group of siloed businesses into an integrated global insurer.


The sharp spike in the QBE share price on Tuesday following news of Regan's appointment suggests some people think the new CEO can wave a magic wand to fix QBE.

http://www.theage.com.au/business/markets-...911-gyffiz.html
https://www.shortman.com.au/stock?q=qbe
Attached Image





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

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