TWR - Tower Insurance.

[Cadalac123]

Tower’s Board has determined that in FY20, Tower will pay a dividend of 50% to 70% of reported NPAT, where prudent to do so.

[Balance]

Tower’s Board has determined that in FY20, Tower will pay a dividend of 50% to 70% of reported NPAT, where prudent to do so.

Based upon the profit forecasts of $27m to $30m, that implies dividend yield of between 4.3% to 6.7%.

Looking very yummy indeed!

[macduffy]

Tower’s Board has determined that in FY20, Tower will pay a dividend of 50% to 70% of reported NPAT, where prudent to do so.

Reads well - until that last bit. Perhaps they mean "Tower's board will consider paying a dividend depending on profit results."

[winner69]

Reads well - until that last bit. Perh

aps they mean "Tower's board will consider paying a dividend depending on profit results."

Nicely placed ‘Pause’ after that ‘ depending on profit results’ script

Always look for hidden messages

[Cadalac123]

Fair enough though if another catastrophic event occurs or unseen event leading to negative cash flow paying dividends would be unwise .

There’s organic growth in the business and when dividends do get introduced this is going to do well as a stock

[Balance]

Yes, sp has attempted uptrends twice over that period - to be flattened by capital raisings (2017 and 2019).

Company needs to demonstrate it does not need to raise any more capital and the best way to do that is to reinstate dividends.

If dividends are reinstated, expect the sp will put on at least 20% from here.

Let's see if AGM today mentions anything regarding dividends.

4.9% up today - guess the next 15% gain will have to wait until there actually declare the dividend?

[Leemsip]

We should be looking at dividends payments in the next 12 months IMO.

Cash burn will be well down:
- build of their new system largely complete
- payments for chch surely next to nothing now
- loads of tax credits on the books which means no cash out the door for future NZ profits. I presume the pacific island profits still paying tax though
- youi at least a couple of mill cash increase
- a big chunk of expenses going forward will be to depreciate the new ICT system. This will be non-cash.

I would expect paying out 70% of NPAT wouldnt be an issue and still allow growth and a build of the balance sheet. If this occurred in 2020 and everything being the same as 2019 we would be looking at $17m profit, 400m odd shares * 70% = 3c per share dividend. Not sure I would be pumped about this given uncertainties in the pacific in future years.

If we said as tax and depreciation are non-cash and paid out dividends based on profit before these items = $34m, 400m shares * 70% = 6c per share. Definitely be pleased with that

Hmm

Called it earlier. I'm ****ing awesome. This is definitely worth $1. JUST GOT TO BE PATIENT!! Been a tough hold this ine

[Balance]

Called it earlier. I'm ****ing awesome. This is definitely worth $1. JUST GOT TO BE PATIENT!! Been a tough hold this ine

Let's hope Bain & its insurance arm do not make an early takeover offer and snatch the upside from other shareholders who may just not be as patient!

Seriously.

[Jaa]

Been ridiculously patient on this one as well. Considered it my contribution to Christchurch's recovery!

Good to see 60k existing policies on the new platform but will have to wait till 2021 to be complete and for all the old stuff to be turned off and the effeciencies to (hopefully!) drop to the bottom line.

[Independent Observer AUNZ]

Was anyone at the ASM? The Constitutional changes didn't get enough votes to pass; some of the instos must not have supported. Any explanation at the meeting?