It is on the NZX page. https://www.nzx.com/companies/TWR/announcements
Not sure why Direct Broking wouldn't have it. Probably a question for them.
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It is on the NZX page. https://www.nzx.com/companies/TWR/announcements
Not sure why Direct Broking wouldn't have it. Probably a question for them.
There are 33 NZX announcements issued by TWR so far this year. At least 4 relate directly to business updates, and many of the others are highly relevant to circumstances that could impact share price.
Source is Direct Broking site by clicking on TWR and then "News" in the drop down box.
cool
so after a bad yr as far as natural disasters go the underlying business is in good shape and rising interest rates and prudent cost control combined with premium increases to cover inflation should benefit twr bottom line going forward.
Also hopefully they will at some stage us some surplus funds for another buyback at some stage
Forrestdun - The difference between A$7.9m first announced as the sale price for the PNG subsidiary and the NZ$11.0m ultimately received is clearly not bridged by reference to intervening currency movements.
Yes indeed, after a bad year for large claims they are still sitting on an 8.5% gross dividend. Zero debt, surplus funds in the bank now earning reasonable interest rates - that alone could add $12m to net profit this coming year.
With a bit of luck they will give some forward profit guidance when they report on the 23rd, and I'd like to think that could be in the range of $35 to $40 m NPAT after allowing for a budgeted level of large claims
A lot of negative sentiment affecting diverse NZX stocks later in the day but pleasingly TWR has bucked the trend, albeit on small volume.
Time to get this thread back to being high on the list ready for tomorrow morning's FY results release. Closed at 69c today so momentum is positive.