Might do that when they respond to speeding ticket
Printable View
Full year underlying NPAT is expected to be greater than $35m. Previously Tower had advised that it expected underlying NPAT to be at the top end of or exceeding a range of between $22m and $27m. This updated guidance assumes full utilisation of the FY24 large events allowance which is conservatively set at $45m. No large events have been recorded in the financial year to date.
https://www.nzx.com/announcements/429724
massive update ... doesnt even incorporate large event provisions. if no large events at full yr it be massive result.
pe of 1 at current pricing lol .... massive undervalued stock. compare to aus insurers up greater than 50% last yr and twr up 15% odd huge gap in performance , like forbar say cant understAand this. re -rate time
I am trying to chase the share price up now and buy. Going up so fast.... holy smoke, lol
Update: Ive done it. And managed to push the price up to 84c.
Thank me later RAWZ...
Tower is in a strong good news up cycle. How good :cool:
84 cents a good price imo.
They say underlying NPAT to be GREATER than $35m. So maybe could be $36m or $37m??
Lets say $36.5m and be fair and add half the large event allowance being $22.5m. Underlying NPAT reported could be $59m. Thats EPS of $0.16
So at $0.84 sp a P/E of 5.25. Very conservative buying imo. Forbar say avg P/E is 9.4 so your target fair value could be $0.16 eps x 9.4= $1.50. i.e. 78% above your buy price.
And dividend say 70% payout on $0.16 = $0.11 DPS. Thats a yield of 13% on your $0.84 buy.
TWR STILL the cheapest NZX stock...
Some might say their premiums are excessive
But who cares …. thats the insured problem …I’m not feeling guilty