Inching north on okay volume, that dividend intention announcement has got people interested again.
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Inching north on okay volume, that dividend intention announcement has got people interested again.
Although not directly impacting insurance companies, the move by the RBNZ to ease restrictions on banks paying dividends will have helped general sentiment on insurance companies having freedom to return excess capital to shareholders. Hopefully the chances of a Tower capital return/on market buy back have improved. See https://www.rbnz.govt.nz/news/2021/0...-to-be-prudent
huge pre-market crossing in tower
Guidance on substantial product holderdisclosures
https://map.nzx.com/static/forms/doc...isclosures.pdf
looks like as soon as they can once over 5%
anyway hoping twr really do a share buyback. over $1 if they do i guess
Beautiful technical setup here. If we get that final multi year resistance break at 83 we are clear sailing to 100. Massive crossing has hopefully cleared that selling pressure (look what happened to MHJ).
another huge crossing just went thru
A chart to show the significance of these break outs. Daily/weekly/monthly uptrend. It's weekly, so the chart spans several years.
Attachment 12435