TWR - Tower Insurance.

[winner69]

Nothing like a ‘strategic review’ to get the share price moving

Seems Bain are a bit peeved at Tower going nowhere.

Maybe it’s also a sign Tower have thrown the towel in the ring and finally decided it’s all too hard.

http://nzx-prod-s7fsd7f98s.s3-websit...844/408814.pdf

[Lego_Man]

Nothing like a ‘strategic review’ to get the share price moving

Seems Bain are a bit peeved at Tower going nowhere.

Maybe it’s also a sign Tower have thrown the towel in the ring and finally decided it’s all too hard.

http://nzx-prod-s7fsd7f98s.s3-websit...844/408814.pdf

Take private at 80c?

[winner69]

Take private at 80c?

That would be a huge relief to long suffering shareholders

Might even get it for 72cents …72 sounds better than on 70

[bull....]

Scott technology doing strategic review too.

15 June 2023SCOTT TECHNOLOGY ANNOUNCES STRATEGIC REVIEWAuckland, New Zealand: Scott Technology Limited (NZX: SCT) advises that after discussions withmajority shareholder JBS (which owns 53.05% of the Scott shares), it intends to undertake a strategicreview of its ownership structure, with a view to exploring options to maximise value for allshareholders. Scott has engaged Macquarie Capital as financial adviser to assist with the strategicreview.

[winner69]

Take private at 80c?

Wonder if other parties interested?

[bull....]

ceo hasnt been replaced , thats a positive

[ronaldson]

Scott technology doing strategic review too.

15 June 2023SCOTT TECHNOLOGY ANNOUNCES STRATEGIC REVIEWAuckland, New Zealand: Scott Technology Limited (NZX: SCT) advises that after discussions withmajority shareholder JBS (which owns 53.05% of the Scott shares), it intends to undertake a strategicreview of its ownership structure, with a view to exploring options to maximise value for allshareholders. Scott has engaged Macquarie Capital as financial adviser to assist with the strategicreview.

Not to mention ERD not so long ago!

[Balance]

Scott technology doing strategic review too.

15 June 2023SCOTT TECHNOLOGY ANNOUNCES STRATEGIC REVIEWAuckland, New Zealand: Scott Technology Limited (NZX: SCT) advises that after discussions withmajority shareholder JBS (which owns 53.05% of the Scott shares), it intends to undertake a strategicreview of its ownership structure, with a view to exploring options to maximise value for allshareholders. Scott has engaged Macquarie Capital as financial adviser to assist with the strategicreview.

And 5 months later, announced that the money has been spent and nobody was really interested.

https://www.nzx.com/announcements/421550

[Balance]

That would be a huge relief to long suffering shareholders

Might even get it for 72cents …72 sounds better than on 70

Sp today where it was in 2017!

6 years of going nowhere so it is definitely time to try something else.

Disappointed myself that Bain never made a full or partial takeover offer to 50% and then, merge it with their other investments in the financial & insurance services sector.

Could it be that they did not like what they see in TWR after they took their 20% stake in 2028?

[bull....]

Aussie insurer takes 5.82% stake in Tower

https://www.nbr.co.nz/investment/aus...take-in-tower/

????? have they made an approach