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  1. #1
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    Default TWR - Tower Insurance.

    Hey guys,

    What do you think of tower's current share price? It seems to me that they are a large, stable, insurance company with minimal debt that ought to be trading well upwards of $2/share. I can't see why their price has dropped so drastically over the last few months. There's been no real changes or affects to their business that I can see. So what would have driven this dive in their price? Ripe for picking? Your thought?

    Cheers,
    Noso

  2. #2
    Speedy Az winner69's Avatar
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    nosolution ..... where does most of Towers earnings come from?

    Answer that question and than you can understand why TWR (and others) shareprice is being 'beaten to hell'

    Have a look back to what happened to the likes of TWR when the sharemarkets collapsed post 9/11 ... get the picture.

    Tower say they have learned from past experiences and their investments are safer now .... but you never know

  3. #3
    Legend peat's Avatar
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    risk a bit out of fashion right now perhaps

    GPG out a few months ago. sold their hundred million at NZ$4.81 from what I read
    http://www.nbr.co.nz/article/gpg-dum...er-stake-33824

    nice exit!
    For clarity, nothing I say is advice....

  4. #4
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    Quote Originally Posted by peat View Post
    risk a bit out of fashion right now perhaps

    GPG out a few months ago. sold their hundred million at NZ$4.81 from what I read
    http://www.nbr.co.nz/article/gpg-dum...er-stake-33824

    nice exit!
    That was Tower Australia. GPG still holding their stake in Tower New Zealand - TWR.

  5. #5
    Legend peat's Avatar
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    thanks for correcting me there macduffy.
    the numbers didnt seem to quite match!
    For clarity, nothing I say is advice....

  6. #6
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    Volume is up quite a bit since the 9th. Looks like there are a number of people who think it might be the bottom... It'll be interesting to see what happens over the next few days.

  7. #7
    Reincarnated Panthera Snow Leopard's Avatar
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    try this

    regards
    Paper Tiger
    om mani peme hum

  8. #8
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    Thumbs down

    Quote Originally Posted by belgarion View Post
    Thanks PT.

    The NZX is very annoying - still nothing but the NZ Herald has a report and Direct Borking has an annoucement that can't be seen for another 13 minutes!

    Grrr ... Somebody needs to sort out their technologies !!!
    Just the NZX pushing their own barrow. Instead of a phone call to TWR telling them to present the results in a form that can be published directly instead of an attachment, they leave it as only accessable through their web site, for which you must register.
    Typical NZX arrogance.
    Last edited by biker; 21-11-2008 at 12:54 PM. Reason: grammer

  9. #9
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    Must say that the increased dividend of 8cps was a pleasant surprise. A couple of years ago I'd almost given up Tower as a bad job, made the old NZ Govt Life look almost sexy!
    So well done - a little light amid the gloom.


  10. #10
    FEAR n GREED JBmurc's Avatar
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    so has TWR paid its divie yet use ASB sec for my NZX trading which is crap compared to my ASX e*trade platform
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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