Yes the impact on this years result will be signifcant.
However, the share price already reflects a 10% drop or around one billion discount to the market cap prior to the Xmas floods.
On the other side of this Suncorps brand is going to be stronger and it is likely to see an increase in second half general insurance revenue. Margins have already been increasing and this will offset increased charges for re-insurance.
Rbs upgraded SUN y'day with a target of $10.41.
Will be interesting to see how the market reactes today..more short covering or will the panic selling resume?
interesting article, page-14
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Last
$19.70 |
Change
0.030(0.15%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.59 | $19.71 | $19.48 | $35.18M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2065 | $19.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.70 | 80233 | 7 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
