Yes my premiums are through the roof. Best way to sort that is to own your insurance company lol
Printable View
Rawz - Today you are up to 2nd place in the 2024 stockpicking competition! Glory be to those who included TWR as a pick!
In a year's time when everyone has forgotten about the one year of crazy weather, this will be seen as a stock you have to own.
CPI data out today shows limited progress in NZ on taming core inflation, insurance companies are inflation proof unlike any other sector - beneficiaries of higher interest rates.
Wouldn't sell any of my holding for less than $1.50
Looks like the buyers found the sellers at the 80-90cent range. Plenty have filled at various prices.
Most holders should be in the green or at least breakeven when looking at the 5 year chart. Peaked at 88cents May 2021 but assuming some dividends should be even.
Recent investors will be looking for $1+. Recent traders maybe looking to take their profits?
Personally I'm happy to hold for the huge dividend yield on my entry price and see where the re-rate takes us.
Nice call RAWZ. I have a full allocation as of yesterday. Think the up-leg has burned out now.
Traditionally Tower will drift demoralizingly lower on no news towards the gravity of 60c, but it does feel different this time. Happy to hold long term and see what happens...
I made a small trade first thing Tuesday via my Company and exited this morning.
But it's my second largest holding under other hats (behind ARG for pie dividend income) and these won't be dislodged given the longer term payoff prospects in spite of the inherent underlying risk of an extreme adverse event.