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TWR, TOWER LIMITED
plastic
post Posted: Nov 9 2018, 06:03 PM
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The only other NZ insurer, CBL went bust recently. Because there isn't a CBL thread I will post here.

Essentially, the stench of something devoid of ethics and morality is strong in CBL. With the involvement of the Reserve Bank and a quick look at who some of the governors are and the secrecy surrounding the winding up of the company doesn't raise concern in and ordinary persons mind of an inside job then this should.

https://www.nbr.co.nz/story/cbl-sells-austr...5eb398-49728629

QUOTE
CBL sells Australian assetsBuyer is obscure Liechtenstein insurance group.







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What did Uncle Mel do to us?
 
Fool32
post Posted: Nov 26 2009, 10:25 PM
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In Reply To: plastic's post @ Oct 26 2007, 07:14 AM

Stock code: TWR

TOWER LIMITED

Current Price $1.510

About the company
Tower Limited (TWR) provides a comprehensive range of risk insurance and wealth management products and services to customers throughout New Zealand and the Pacific Islands. Products and services include life and general insurance, superannuation, retail managed funds and master trusts.

Insurance Market Cap $385 Million

Shareholders Buying
Date Shareholder Previous % New % Shares Traded
28-04-09 Orbis Group 5.02% 6.33% 2,628,272
02-10-09 Orbis Group 6.33% 7.68% 7,328,827

Shareholders Selling
Date Shareholder Previous % New % Shares Traded
No Shareholder Activity

P/E Ratio - 7.69

See todays announcement "TOWER Dividend"

“TOWER advises that a final dividend of 9 cents per share will be paid on 2 February 2010 (Payment
Date) to all shareholders as at 5pm on Friday, 15 January 2010 (Record Date).

Dividend Yield of 5.96%, pretty good for a $1.5 stock.

DYOR

 
Fool32
post Posted: Nov 26 2009, 10:25 PM
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In Reply To: plastic's post @ Oct 26 2007, 07:14 AM

Stock code: TWR

TOWER LIMITED

Current Price $1.510

About the company
Tower Limited (TWR) provides a comprehensive range of risk insurance and wealth management products and services to customers throughout New Zealand and the Pacific Islands. Products and services include life and general insurance, superannuation, retail managed funds and master trusts.

Insurance Market Cap $385 Million

Shareholders Buying
Date Shareholder Previous % New % Shares Traded
28-04-09 Orbis Group 5.02% 6.33% 2,628,272
02-10-09 Orbis Group 6.33% 7.68% 7,328,827

Shareholders Selling
Date Shareholder Previous % New % Shares Traded
No Shareholder Activity

P/E Ratio - 7.69

See todays announcement "TOWER Dividend"

“TOWER advises that a final dividend of 9 cents per share will be paid on 2 February 2010 (Payment
Date) to all shareholders as at 5pm on Friday, 15 January 2010 (Record Date).

Dividend Yield of 5.96%, pretty good for a $1.5 stock.

DYOR

 
plastic
post Posted: Oct 26 2007, 07:14 AM
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Time to dump this one. And quickly.

I have just read in todays newspaper that Rob Thomas of Benitec infamy and of Citigroup stock has been appointed Chairman. thumbdown.gif

If the plan for TWR is anything like it was for BLT then expect to see it run in to the ground for the next few years, high cash burn, resulting losses, nil capital growth and eventual privatization.

In to Citi's stable no doubt.

After all, they gotta fill that multi-billion dollar sub-prime hole somehow.

Confirmation of this will be when he decides to appoint Whitton for his exemplary history of corporate governance garnered from his time at the Newcastle Exchange. tongue.gif



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What did Uncle Mel do to us?
 
bello
post Posted: Aug 10 2006, 10:40 AM
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In reply to: bello on Wednesday 09/08/06 05:38pm

Read a popular analysts review of the company split last night. They were enthusiastic about the growth prospects for each company. Positive recommendation. (copyright is restrictive)

IMO, the market is in a flighty mood, but business continues.

 
bello
post Posted: Aug 9 2006, 04:38 PM
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In reply to: bello on Tuesday 08/08/06 04:24pm

Not over $3 today . Thats what I meant to write, weirdsmiley.gif .

Sold at a break even.
Not the day for the market to be distracted by positive share and company splits, and renouncable issues.
Probably a bit of selling to keep the price moderated, pre split - pricing.
I'd have loved to have held a reasonable enough parcel because the stock has good fundamentals, but I am spread thin and can't watch them all closely atm.
Good luck to holders.

 

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bello
post Posted: Aug 8 2006, 03:24 PM
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Limit to how much it can progress today with a shortage of sellers. I am guessing oer $ 3 tomorrow though.

 
bello
post Posted: Aug 8 2006, 01:38 PM
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Huntleys has a history of reviewing this stock, so any positie write up could create some interest.
Also, was wondering if this is a way to flush out predators. A sub dept of Mac Bank was playing with the idea a few months ago, apparently.

 
bello
post Posted: Aug 8 2006, 01:33 PM
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In reply to: TerryA on Tuesday 08/08/06 02:09pm

Yes it looks positive. The recent share split with Aust Wealth was a rewarding one.
GPG are not wanting to reduce value, that is for sure. Good luck.
Trying to accumulate.

 
TerryA
post Posted: Aug 8 2006, 01:09 PM
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Announcement made that Tower proposes to separate Aust and NZ operations into separate companies.

https://www.directbroking.co.nz/DirectTrade...aspx?id=1350363

Seems to have had a positive response in the market.

Best wishes to all,

Terry

 
 


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