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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
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    Chart looking fugly...will look at it again near the 1.10-1.20 mark...
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  8. #8
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    So I'd just like to point out that tower went up 7.5% today.... I should have trusted my instincts. Haha, na 'cause if I had purchased, I'm sure it would have gone down. And we don't want to trade on instincts; we want to trade on sound decisions based on quality analysis, whether that be technical or fundamental.

  9. #9
    Reincarnated Panthera Snow Leopard's Avatar
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    try this

    regards
    Paper Tiger
    om mani peme hum

  10. #10
    Senior Member
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    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 01:54 PM. Reason: grammer

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