TWR - Tower Insurance.

[trader_jackson]

5 directors have brought over 600k of shares in the past week ish... certainly can't be a bad thing
I have a strong feeling dividends will shortly be back on the table

[850man]

Up 4.3% today, haven't seen that in a very long time

[winner69]

This is a good initiative

Hopefully get rid of some the dodgy drivers off their books ...or make them pay more

Stuff the do gooders ...businesses must make money

https://www.rnz.co.nz/news/business/...-law-professor

[Jaa]

This is a good initiative

Hopefully get rid of some the dodgy drivers off their books ...or make them pay more

Stuff the do gooders ...businesses must make money

https://www.rnz.co.nz/news/business/...-law-professor

Why the negative energy towards Tower Winner? This also makes the roads safer over time.

It isn't even new, Tower has had a similar app for a few years, they have just upgraded it.

Apple, Google and Facebook have similar data. At least Tower are governed under NZ law so if we collectively decide this kind of surveillance is not for our society, it can be outlawed.

[Scrunch]

So SALT's been selling more shares.
https://www.nzx.com/announcements/364579

Between the 2nd and 15th they have sold another 4.5m. Over this period 11.1m sold on the NZX, so SALT contributed about 40% of the sale side volume over the last couple of weeks. Despite this, TWR has gone from 62c on the 1st Dec to 73c on the 15th Dec (72c today). Pretty good going to have an increasing price as someone is actively selling down.

This points towards further upside when SALT stops selling.

[tim23]

So SALT's been selling more shares.
https://www.nzx.com/announcements/364579

Between the 2nd and 15th they have sold another 4.5m. Over this period 11.1m sold on the NZX, so SALT contributed about 40% of the sale side volume over the last couple of weeks. Despite this, TWR has gone from 62c on the 1st Dec to 73c on the 15th Dec (72c today). Pretty good going to have an increasing price as someone is actively selling down.

This points towards further upside when SALT stops selling.

So who is buying?

[Southern Lad]

The category 5 Cyclone Yasa currently heading for Fiji presumably has the potential to add the the high claim rate suffered since 30 September:

https://www.abc.net.au/news/2020-12-...arama/12988514

For the sake of all Fijians and TWR shareholders, here’s hoping it changes course before it is due to hit later Thursday.

[Scrunch]

So who is buying?

The general wider investing public? I'm sure some of that buying would be people following the buying of insiders.

[Dassets]

Basically Salt was running money for AMP. AMP has decided to be passive so Salt has to reduce. Same in NWF and, in part why there is so much stock coming out. Actually including all the other stock. A bit of a normal occurrence

[ados_nz]

https://www.stuff.co.nz/world/south-...lled-overnight