I'd be looking for 1-2cps in FY18 and c. 5c FY19 as long as things go realtively smoothly and appreciate that is a fairly big assumption.
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I'd be looking for 1-2cps in FY18 and c. 5c FY19 as long as things go realtively smoothly and appreciate that is a fairly big assumption.
Ok ran some quick numbers (please correct as necessary):
QBE has:
$8B in GWP
$690M wages (cant find their wage bill but estimate 75% is wages of $920M total)
9%
TWR:
$306M GWP
$54M Wages (wages should be $35M or so...)
18%
There is some serious fat that needs trimming. Also some overpaid execs that need to be removed.
As mentioned previoulsy a very attractive T/O target with all the underperformance and fat..
For some reason I cannot download the document from nzx, is this only open to existing holders, if so, what's the recorded date?
I think they have been discounting premiums to build market share. They may have some pricing flexibility next year but they have too much expense currently.
Either raise prices or cut the excess. I would like to see some movement on this to be confident. That $10M+ fat goes straight to bottom line.
https://www.nzx.com/announcements/310249
at the back i think it says 22 november as record date if you wish to buy now ,better have someone as confirm dont want to put you wrong
Thanks, just will not download for me..... net admin may have blocked.
Was wondering why SP had not dropped more, but this explains it somewhat.
If they value the company at $0.43 cents why are people paying $0.70 cents today? This share has got to dive IMO. You should be able to pick up at $0.40 in the near future, I hope I'm wrong but there current management is left wanting.