Another $36m (well $34 initially 2 more later) in the pocket. Feels like not a bad sale price for TWR.
Share price recovery is into its 3rd month now, its been slow but fairly steady, sell side is looking a bit skinny at the moment too.
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Another $36m (well $34 initially 2 more later) in the pocket. Feels like not a bad sale price for TWR.
Share price recovery is into its 3rd month now, its been slow but fairly steady, sell side is looking a bit skinny at the moment too.
I feel that all the good news is out now so to speak. Would like to see the stock drift lower before moving in.
Good to see the NZ insurance market getting some serious competition, with a few innovative policies like claiming for a hole in one or a baby!
Insurer Youi launches in NZ
Wouldn't be surprised to see Youi make a bid for Tower to get some scale.
I'm surprised TWR doesn't get a little more time in the spotlight here. Over the last three months they've gone about their business and have put on 30 cents from around 1.66 to 1.96. I've heard that since they stripped backed the business they're in pretty good shape and are worth at least $2.00 plus.
that's because people on here are more interested in some speculative growth stock. Totally agree, TWR has been on my radar, was very keen. In my view worth $2.20. Problem is its a short term stock, once it goes up you have to sell.. there is no long term attraction to the stock for me. Hence I decided to go with TME, which I think can be held for many years.
I hold twr wish I had more topped up at 1.60 odd so pretty happy and looking forward to there capital initiatives at full yr results.
Is there some takeover speculation whirling around or the big move Friday because of the capital requirement change?
more consolidation in the sector occurring in aus, wonder how long before someone gets interested
ipredict $70m capital return (40cps) announcement in November - being reduced capital requirements granted by the Earthquake Commission (30m), proceeds of sale of life assurance business (35m), and some loose change.
Share price now is $2. Subtract 40c, gives a share price of $1.6 and a div yield (bet they can at least sustain the current div) of 7.8%, and decent prospects.
Scope for the price to go up.