TWR - Tower Insurance.

[hogie]

Nice jump over the last few days. After trading at 75c or less all of 2019 twr closed at 76c today. This took out all the listed sellers except someone hopeful at $1.40 I wonder if this is simply from speculation of a good result or news leakage around some event like a takeover?

Perhaps the news that IAG has introduced Risk-Based pricing has given investors hope that the reputation of TWR might be improved? Or perhaps reading into the fact that TWR is turning around due to risk based pricing was one of the reasons IAG decided to follow suit ... good for investors nonetheless!

All speculation with no research of course ... that's how we roll :P

[Balance]

Nice jump over the last few days. After trading at 75c or less all of 2019 twr closed at 76c today. This took out all the listed sellers except someone hopeful at $1.40 I wonder if this is simply from speculation of a good result or news leakage around some event like a takeover?

Nice 'cents' move but %tage wise, really nothing to write home about.

If there's a takeover, someone is going to get done - buying up all shares available at market close is waving a huge red flag for the FMA to put on its ill-fitting dentures!

[Balance]

Perhaps the news that IAG has introduced Risk-Based pricing has given investors hope that the reputation of TWR might be improved? Or perhaps reading into the fact that TWR is turning around due to risk based pricing was one of the reasons IAG decided to follow suit ... good for investors nonetheless!

All speculation with no research of course ... that's how we roll :P

Looking at market depth this morning suggests to me that there is a large buy order out there and the 'informed' institutional market has all pulled their bids to 'encourage' the buyer to pay more.

[golden city]

It certainly looks like takeover

[boysy]

Not long to wait until HY result. Will be interesting to look at forward guidance and if those dives are due to recommence shortly ...

[boysy]

2019HY results out 10am today we will see if the co us turned a corner re profit and potentially reinstate a divi - SP at present would suggest neither of these outcomes are likely to occur. Could get a good bump to the upside if the announcement and outlook is favourable ....

https://www.nzx.com/announcements/334054

[winner69]

Insurance companies made zillions over the years by investing premiums in companies that were a major cause of our current ‘climate crisis’ — and now bemoan the impacts that have resulted from that crisis.

Some would say karma

Good luck today with the announcement....might be one of their lucky years

[boysy]

Low expectations seems par for the course with TWR time will tell

[winner69]

Low expectations seems par for the course with TWR time will tell

Looks like this is going to be one of their lucky years .....Tower earnings on fire.

http://nzx-prod-s7fsd7f98s.s3-websit...777/300166.pdf


Still just an ordinary insurance company whose destiny is always in the lap of the gods

[trader_jackson]

sure looks to be one of those lucky years winner, if only STU was lucky as well... or maybe one helps create one's luck (or lack of luck)?
We'll see tomorrow if it is a 'lucky' year for AFT...