TWR - Tower Insurance.

[Jaa]

As a long suffering Tower shareholder, I am not sure I agree. People still have the option to drive their car and still receive fire and theft protection. Feels a bit like tails we lose and heads we lose again.

Agree its good PR and a vote of confidence but there better not be any more capital raisings because of this.

[macduffy]

there better not be any more capital raisings because of this.

And if there are?

[nztx]

And if there are?

I'd like to hear about the next Insurance Add-on (if there is one) on their wish list, to have the cap out to
long suffering shareholders for - if they do go this way

Even better, what sort of poor miserable excuses get trotted out for not reinstating dividends after having holders
basically fork out for the last acquisition (Youi - wasn't it ?) - if that occurs

[tim23]

Given the absence of dividend for so long todays step might bode well - rebate premiums and pay dividend?

[Jaa]

And if there are?

They should rebate the money against renewal payments for the same policies to lock in wavering customers and drive churn down. That at least keeps cash in the business and makes some sense. Anyone know if that is what they are doing?

[Cadalac123]

They should rebate the money against renewal payments for the same policies to lock in wavering customers and drive churn down. That at least keeps cash in the business and makes some sense. Anyone know if that is what they are doing?

That would be really sensible. All we have is that article linked which isn't fully clear but sort of implies the same method being used as southern cross.. Would be a shame for no dividend, but it's understandable I guess.

[winner69]

Does this imply FY20 profit Will be $4m less than expected

http://nzx-prod-s7fsd7f98s.s3-websit...949/321127.pdf

[trader_jackson]

Does this imply FY20 profit Will be $4m less than expected

http://nzx-prod-s7fsd7f98s.s3-websit...949/321127.pdf

I think it implies that there is still going to be a healthy profit, that no cap raise is needed, and that a dividend may finally be on the way... but won't know for sure for another month ish.

[Cadalac123]

I think it implies that there is still going to be a healthy profit, that no cap raise is needed, and that a dividend may finally be on the way... but won't know for sure for another month ish.

Let's hope them refunding claims despite the cyclone means they are in a comfortable position and not that they are making a horrible business decision to save face

[Independent Observer AUNZ]

Let's hope them refunding claims despite the cyclone means they are in a comfortable position and not that they are making a horrible business decision to save face

Pretty much all indicators have been positive this year up until the weather in the Pacific and Covid-19. Not sure about dividend, but definitely no indication that this is about "saving face"