Maybe you should have a chat with Percy about the challenges insurance companies face with settlements in Christchurch. Get some feedback from ground zero so too speak.
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My mouse trigger finger is itching at 147.5-148
any advice guys.. am i getting greedy
TIMELY ALERT... check volumes on TWR.. they are OFF THE CHARTS nothing like it SINCE SEPT 2013.. some heavy weight dumping
Yeah they were all off the back of 6 trades done off market.. i wonder if that was the end of Tower's share buy back directly offering to buy some of the shares held by the top holders, because the off market doesn't happen instantly, the broker has to inform nzx and they have to be aware of it plus look for someone holding the shares to be a counter party... 1 of the trades was for 4.5M shares at one go (meaning one of the substantial holders sold out), so either TWR bought them (to stop a freefall on share price) or another buyer taking substantial holding (and risk) on.
That's my analysis.. (usual yada yada not to be taken as financial advice. :D)
hahaha perhaps.
Given that they still have chch claims to settle from their own kitty and the cash they have on hand is decreasing rapidly, is it reasonable to assume that they will be significnatly cutting back their dividends in the future? Even though they said they intend to keep it the same this year
One year, well 6 months is hardly reliable forward planning. Looking at the dividend history I don't get a "reliable" impression. In fact you might say last year was an aberration...Too many unknowns for me.
http://www.dividendyield.co.nz/viewdetails.php?loc=TWR