twr probably do update on guidance before results i imagine
Spot on. Updated guidance just released at $35m underlying NPAt (plus whatever they can retain from the $45m large events allowance, none of which has yet been used)
Spot on. Updated guidance just released at $35m underlying NPAt (plus whatever they can retain from the $45m large events allowance, none of which has yet been used)
Omg that’s huge. Really it’s going to be $57m npat When you add back half the large event…?
Full year underlying NPAT is expected to be greater than $35m. Previously Tower had advised that it expected underlying NPAT to be at the top end of or exceeding a range of between $22m and $27m. This updated guidance assumes full utilisation of the FY24 large events allowance which is conservatively set at $45m. No large events have been recorded in the financial year to date.
massive update ... doesnt even incorporate large event provisions. if no large events at full yr it be massive result.
pe of 1 at current pricing lol .... massive undervalued stock. compare to aus insurers up greater than 50% last yr and twr up 15% odd huge gap in performance , like forbar say cant understAand this. re -rate time
I don't know about an SPH from any party (but it would be an interesting/revealing event if filed) but there will not be volume offered again around 75c any time soon in my opinion.
Maybe price will reach 80c this week before settling to await the half year result announcement and any accompanying commentery/disclosures?
I don't often use the term "going gangbusters" in relation to a share price but it applies here this week. No telling now where it will end.
Update: Ive done it. And managed to push the price up to 84c.
Thank me later RAWZ...
84 cents a good price imo.
They say underlying NPAT to be GREATER than $35m. So maybe could be $36m or $37m??
Lets say $36.5m and be fair and add half the large event allowance being $22.5m. Underlying NPAT reported could be $59m. Thats EPS of $0.16
So at $0.84 sp a P/E of 5.25. Very conservative buying imo. Forbar say avg P/E is 9.4 so your target fair value could be $0.16 eps x 9.4= $1.50. i.e. 78% above your buy price.
And dividend say 70% payout on $0.16 = $0.11 DPS. Thats a yield of 13% on your $0.84 buy.
Originally Posted by bull....
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