I have been changing all my insurances -cars, houses, content etc to twr and I hope that will help the bottom line ( profit)
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$50m+ for Tower Investments....
Fisher tipped as $50m Tower-bidder while banks circle
My money is still on BNZ but interesting to hear that ASB are interested too.
Market don't seem too impressed how this voluntary liquidation going ....many will be disappointed share price down to 183
Pretty close to breaking the uptrend lines .....if so hoop would say 160 and 140 next stops down
Will TWR still be listed this time next year?
nah...I'm not that harsh a guy Winner 1.82 gap support 1.75 and 1.70 supports...its fired a few short/medium sell signals though ...MA50 DMI RSI momentum.
I did something incredibly dumb today I broke discipline and bought some at 1.84.....down with a loss already...see what happens when you break discipline.
News out from the NZ Herald report that Carmel and some banks are sniffing around Tower's Kiwisaver management business. (est 20c/share?)
http://www.nzherald.co.nz/business/n...ectid=10851668
As 777 points out, old news but I think there will be a bit of competition though.
FUM and the quality of the members is much better than Huljich and they got $20m.
I also point out that it was nice of GPG to decide on behalf of all shareholders that TWR will be sold off in parts and liquidated.