TWR - Tower Insurance.

[850man]

A chart to show the significance of these break outs. Daily/weekly/monthly uptrend. It's weekly, so the chart spans several years.

Attachment 12435

Almost a cup with a handle

[bull....]

A chart to show the significance of these break outs. Daily/weekly/monthly uptrend. It's weekly, so the chart spans several years.

Attachment 12435

yep also noticing if you look on the weekly/monthly charts that the next resistances are 1.02 - 1.04 from your breakout level

[JohnnyTheHorse]

Crossings started going through at 84c just before close, so that should be the new floor price. Expecting this to pop tomorrow assuming US markets hold up overnight.

[Scrunch]

Crossings started going through at 84c just before close, so that should be the new floor price. Expecting this to pop tomorrow assuming US markets hold up overnight.

I'm sure more sellers will emerge, but currently there's next to nothing on the sell side - only 69,582 shares between 85 and 100. Today there were buyers for 8,594,526 shares on the NZX. There was also 212,840 traded over on the ASX, the highest daily total over the ditch since late Nov.

[bull....]

I'm sure more sellers will emerge, but currently there's next to nothing on the sell side - only 69,582 shares between 85 and 100. Today there were buyers for 8,594,526 shares on the NZX. There was also 212,840 traded over on the ASX, the highest daily total over the ditch since late Nov.

not surprised we are seeing big buying into tower of late. Insurance companies are coming back into vogue. YTD in the US insurance ETF are up 15% and sub sector of insurance stocks in the US are up similar.
In AUS the buying has started in the last 10 days of these insurance stocks ie the QBE , SUN , NIB etc in NZ we have tower as the stock in the sector to buy.

When you think about it sort of makes sense with the rise in bonds makes them more money as it improves there investment returns on that side of the ledger combined with rising premiums these sort of stocks will make outsized profits again in time when rates normalise in time. ie back to the days of big dividends these stocks used to provide.
Tower i dont think has had many adverse events of late and is siting on to much capital so makes it particularly favourable to some sort of capital action occuring

[JohnnyTheHorse]

https://www.nzx.com/announcements/370755

New Zealand Funds Management has increased 1%. The big takeaway from this though (by looking at their transactions) is that there is at least one other large buyer accumulating as well.

With 2% of float traded yesterday we should be seeing further SSH notices today or Monday.

[bull....]

https://www.nzx.com/announcements/370755

New Zealand Funds Management has increased 1%. The big takeaway from this though (by looking at their transactions) is that there is at least one other large buyer accumulating as well.

With 2% of float traded yesterday we should be seeing further SSH notices today or Monday.

the interesting part to me is they are for the dividend yield funds. 2.5c / share if rerplicated at full year is 5cps full yr so gross yield would imply 8.16% return / yr so its no wonder they see it as a yield fund stock

[Poet]

I'd expect fy dividend to be slightly higher than half year
So probably 6c per share total giving great yield
Also good pile of surplus cash
Disc
My biggest holding by far at 25%
Accumulating from 58c so looking good so far

[sb9]

Looks like its all set for another pop, dipped in my toes y'day with a moderate stake.

[bull....]

plenty of institution notices yesterday on the sell side. still waiting for the notice to see who.s been soaking up the many millions of shares being off-loaded and absorbed. the selling should be only viewed as an opportunity for overweight insto's to re-weight due to big demand for a undervalued stock.