Forum Archive Index - March 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

Gerry - yes, it was a fantastic result for QBE .

 

Beating expectations is a real feat these days. This indicates a fair degree of certainity about future earnings forecast and for that alone the QBE share price deserves some small premium.

 

They seem pretty bullish about about the future. As you have pointed out the real benefits of their recent acquisitions are still to come through. The timing of these acquisitions seem to have been spot on to date.

 

Good little cartoon of the QBE boss standing at a bus stop waiting for a bus - in context of his salary being only $700K, which is pretty small for the size of the company he is running. Plenty of options though and on the performance of QBE looks like he deserves them.   Probably this reflects the inner culture of the place.

 

Back in January I said the charts indicated a level of $11.50 to $12.00 mid year. In spite of uncertainity in world markets and the recent demise of HIH still see no reason why this prediction shouldn't stand.

 

Interesting overview of the Australian insurance sector in this weeks Business Review Weekly

 

http://www.brw.com.au/stories/20010316/9179.asp

 

 

Have a good weekend

 

Peter