A bit like saying that HBL (ex Marac) should have been avoided because of the collapse of all the other finance companies?
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Share price now at 75.5c - big recovery after the rights issue.
Next upside may come from settlement with EQC - like the fact that CFO says estimate is a modest one!
https://www.interest.co.nz/insurance...ital-raise-and
"The major risk Tower still faces is over how much it will be reimbursed by the Earthquake Commission (EQC) for Canterbury repairs and rebuilds it paid for on behalf of the agency.
It has accounted to receive $65m, however Wright says this is a modest estimate."
Some say we'll be back in the 80's by the end of the week ;)