Austbrokers upgraded to Buy

After reaching $11.20 six weeks ago Austbrokers’ share price has fallen 10% and marginally into upgrade territory. As we’ve discussed in previous reviews Hail the insurance middleman and Austbrokers and Steadfast: Results 2014, Austbrokers wouldn’t be immune to a recession but its profits should hold up far better than most as businesses are unlikely to operate without insurance that protects them and their customers. The company has had a tremendous run over the past decade as it’s made tuck in acquisitions to expand its network. We don’t expect any change in strategy but note that with rival Steadfast competing for...

After reaching $11.20 six weeks ago Austbrokers’ share price has fallen 10% and marginally into upgrade territory. As we’ve discussed in previous reviews Hail the insurance middleman and Austbrokers and Steadfast: Results 2014, Austbrokers wouldn’t be immune to a recession but its profits should hold up far better than most as businesses are unlikely to operate without insurance that protects them and their customers.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles