or for the big payday at full yr. barring no weather events
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Yep, big boys seem to appear a day here there and scoop up big lots.
Looking forward to the div next week. Treating myself and Mrs Rawz to a well overdue date away from the kids. Heading to Blues grand final (it’s coming home) and a looooong lunch in town prior.
Rest of the div probably go back into TWR shares since it’s still so undervalued
Last guidance was for NPAT to exceed $40m assuming all of the large events allowance of $45m is utilised. It seems there is about 15 weeks to FY24 balance date and none of the allowance used so far.
So fingers crossed - the above guided NPAT is increasing by over $2m per week now until 30 Sept while that circumstance holds. Scary times thou - even today an earthquake "swarm" near Wairoa.
Like Rawz looking forward to the dividend (albeit unimputed) next week. But amortising past losses at this rate should see imputation credits returning more quickly than predicted at the last AGM.
another decent parcel of shares traded. 1.1m shares at 84.5
Remember Goldman Sachs is doing its thing to unlock shareholder value... maybe the chess pieces are starting to move. If a takeover comes its going to have to be $1.50+ offer
From 04/12/2024 announcement https://www.nzx.com/announcements/422844
Tower Limited (NZX/ASX: TWR) advises that it is undertaking a strategic review of its ownership structure.
The purpose of the review - which is supported by 20% shareholder Bain Capital - is to explore options to maximise value for all Tower shareholders and optimise its capital structure to provide a strong platform for market competitiveness. Tower has engaged Goldman Sachs New Zealand Limited as financial adviser to assist with the strategic review.
Tower Chairman, Michael Stiassny commented on the strategic review saying, "In our commitment to delivering long-term value to our shareholders, we believe that a thorough examination of our ownership structure is prudent at this time. This strategic review will enable us to explore options that align with our objectives and position us for continued success in the marketplace."