Up over 6% today on the back of this announcement, impressive year
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Up over 6% today on the back of this announcement, impressive year
I was hoping for a little better than a first glance reveals but I will live with it.
Best Wishes
Paper Tiger
CBL is a liability insurer, which means that they are exposed to long-tail risk, the most feared exposure in the insurance industry, and portfolio contagion, meaning that because they write a specialist area of cover, they are exposed to aggregation within their portfolio of a specific type of risk, which could eventuate from left field on a widespread scale.
Recovering from counter parties means subrogating against the contractors/project managers/construction firms that will have professional indemnity cover for their liabilities. Thus CBL should be able to recover some of their costs of paying claims from third parties.
Looks like someone has shuffled 1,150,000 shares from the ASX to the NZX or vice versa.
Otherwise volume is low but the share price is reaching for the stars.
Best Wishes
Paper Tiger
Thanks for that info Paper Tiger and sharing your knowledge.
I sold my few today because I saw the buyers lining up, and I didn’t want them to be disappointed. I wish I had more to sell. Almost everything else in my portfolio is going down so I had to make the most of the opportunity.