Many punters will be a bit shy in investing in this as after all it is an insurance company. CBL was looking ok last year to many and look what happened there. TWR say they may be resuming dividends if profit allows but I notice that they are not brave enough to predict a profit.
A bit like saying that HBL (ex Marac) should have been avoided because of the collapse of all the other finance companies?
There’s one or two commentators around who don’t say nice things about the Tower Chairman ...just saying in the context of this discussion comparing CBL and TWR
He certainly is not widely admired in the market!
But definitely feared, especially by the rogue directors of the 1980s.
"The major risk Tower still faces is over how much it will be reimbursed by the Earthquake Commission (EQC) for Canterbury repairs and rebuilds it paid for on behalf of the agency.
It has accounted to receive $65m, however Wright says this is a modest estimate."
"The major risk Tower still faces is over how much it will be reimbursed by the Earthquake Commission (EQC) for Canterbury repairs and rebuilds it paid for on behalf of the agency.
It has accounted to receive $65m, however Wright says this is a modest estimate."
biggie alright , a favourable result could see us over a dollar again
"The major risk Tower still faces is over how much it will be reimbursed by the Earthquake Commission (EQC) for Canterbury repairs and rebuilds it paid for on behalf of the agency.
It has accounted to receive $65m, however Wright says this is a modest estimate."
Looking forward to more positive news in the near future considering I picked up my allotment for ~66.5c ... however the granddad I talked to in the lift at the AGM wasn't happy as he purchased his at $2 ... oops =P
Originally Posted by Brain
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