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  1. #1121
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Cadalac123 View Post
    Sure but their investment returns are currently an insignificant portion of their revenue so how would that lead them to going bust

    Disc not a holder
    thats why i mentioned there premiums you pay can only go up so much before people refuse to insure cause it costs to much , yet the cost of claims keeps rising.

    thats why the investment returns are important
    Last edited by bull....; 28-05-2020 at 10:53 AM.
    one step ahead of the herd

  2. #1122
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    Quote Originally Posted by bull.... View Post
    thats why i mentioned there premiums you pay can only go up so much before people refuse to insure cause it costs to much , yet the cost of claims keeps rising.

    thats why the investment returns are important
    I’m not disputing your point but more your idea they’ll go bust which seems a little rash of a conclusion from what you’ve stated . Either way let’s see how bad this impacts them.
    In relation to your point about risk of catastrophic events that’s an inherent risk with every insurance company during ant macroenvironmental climate

  3. #1123
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Cadalac123 View Post
    I’m not disputing your point but more your idea they’ll go bust which seems a little rash of a conclusion from what you’ve stated . Either way let’s see how bad this impacts them.
    In relation to your point about risk of catastrophic events that’s an inherent risk with every insurance company during ant macroenvironmental climate
    i didnt mean tower will go bust just that insurers in general are more at risk now of it being a possibilty without the investment returns
    one step ahead of the herd

  4. #1124
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    A messy, but solid result, with a solid outlook.
    Far from the doom and gloom some others seem be trumpeting on here.

  5. #1125
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    Quote Originally Posted by trader_jackson View Post
    A messy, but solid result, with a solid outlook.
    Far from the doom and gloom some others seem be trumpeting on here.
    Jeez t_j how can something be messy and solid?

    No divie must be a disappointment to you though.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #1126
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    Quote Originally Posted by winner69 View Post
    Jeez t_j how can something be messy and solid?

    No divie must be a disappointment to you though.
    W69 haven't you ever heard of something being messily solid, or solidly messy??

    More seriously, in the current world, no divvy can't be a surprise? Especially after just making redundancies this week.

  7. #1127
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    revenue up 11%, Profit up 24% Portfolio growth of 11.9% projected to continue. Maybe that's the problem, if it were a gloomy outlook (e.g. AIR) the SP would just take off.

    No 1st half divvy is understandable with the redundancies, a "possibility" of a 2nd half one.

  8. #1128
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    Would not be a good look winner to pay a dividend they day they announce 108 job losses.
    Might be more acceptable to do so in 6 months time (at full year), and they certainly appear to be in a position to do so.

  9. #1129
    ShareTrader Legend bull....'s Avatar
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    dividend in your dreams, they being saying ones coming for over a year now.
    one step ahead of the herd

  10. #1130
    Risk Manager for FTX
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    On a PE of 9.6-10.8 if fy expectations are met, not many companies this cheap on the NZX.

    They could have atleast declared a 50% dividend, the balance sheet can clearly handle it. Might be reluctant to announce one before the new CEO begins.

    Also the car refunds cost 6.8m if anyone was wondering (1.7 Timaru hailstorms )

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