TWR - Tower Insurance.

[Baddarcy]

Another good couple of weeks for TWR. Closing at 2.32 yesterday. $1.50 seems so long ago now...

Still got the 8c Div record date to come next week, then the AGM mid Feb where we will hopefully hear some more (or some actual detail) of what they have planned with Trade Me.

Then of course my personal favorite.. the on market buyback. They said it would start 1st quarter which i assumed meant after the dividend was paid and before the AGM to ensure a bright mood.

[bull....]

heading to breakout price target

[Baddarcy]

Anyone want to guess when the on market buy back will start?

I'll admit my pick was after the record date for the dividend, but that passed on the 20th and so far nothing....

[Baddarcy]

Nothing we didn't know in the AGM presentations. Not a lot of detail. Lots of mentions of the 90%-100% dividend payout and they buy back taking place in Q1.

[Baddarcy]

What do you reckon...was the big trade at 10:22 the start of the buy back?

[Baddarcy]

After the 26th May finally for the buy back!

Chch claims seem to be ticking along slowly and the extra re-insurance can't be a bad thing.

[Baddarcy]

Hmm Trading Halt...wonder why, takeover offer maybe?

[Baddarcy]

Reviewing their Chch earthquake provisions, doesn't say which way, but presumably downwards which would free up some more cash !

[Jim]

Reviewing their Chch earthquake provisions, doesn't say which way, but presumably downwards which would free up some more cash !

Today's trading was unusually high for TWR I wonder the big boys might have heard something that we don't know or is it a bargain ? Time to accumulate for the long haul

[macduffy]

Today's trading was unusually high for TWR I wonder the big boys might have heard something that we don't know or is it a bargain ? Time to accumulate for the long haul

I'd say that the big boys - the market - has worked the cost increase of the Canterbury earthquake into its valuation of TWR - and acted accordingly.