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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tawa | LSE:TAW | London | Ordinary Share | GB00B1Z5KB73 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 13.50 | GBX |
Tawa (TAW) Share Charts1 Year Tawa Chart |
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1 Month Tawa Chart |
Intraday Tawa Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/10/2022 | 08:02 | Tawa - US $2 for 65p? | 111 |
| 06/5/2006 | 10:19 | Australian-Listed Diamond Miner, active in So.Africa | 1 |
| 22/2/2006 | 08:46 | TAWANA RESOURCES: Coming to AIM this year? | 17 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 07/6/2022 13:14 by topvest Whilst Tawa is in liquidation and almost wound-up, the sister company ACHP looks like it will be closed this year as well. For anyone interested, the bid last year for Asta was at a premium to its carrying value. NAV is now c25p / share, so a good return is due shortly from the other side of Tawa. Interesting that RQIH, another legacy insurance business, has hit the buffers recently. At least Asta was a very sound business.ACHP financials are on their web-site. Just waiting final regulatory clearance on the deal before it completes, hopefully later this month. |
Posted at 10/4/2014 17:49 by russman My broker has sent me the demerger form:-My share holding is deemed to be 50:50 PROG/TAL. I also have an option to "bid" to exchange TAL into PROG with a maximum ratio of 2 PROG: 1 TAL. Lowest "bidding" ratio given priority. Is PROG falling as others will opt out of TAL as it is unlisted. |
Posted at 29/3/2014 19:02 by sladdjo Hi Topvest, agree with you on keeping the private comp shares - does look like there might be value there, and the fact that FinP was willing to switch PROG into the private comp suggests that they feel the same. Will take several years, but at this price level we should be fine.Russman - do think that they've kitchen sinked it, esp with a new CEO. However, they also said that PROG would need to continue a high level of investment this coming year to develop the business, so we'll need to hold on for a while yet before we see the underlying results. Does anybody know when the record date for the demerger is? |
Posted at 12/1/2014 14:01 by topvest Share price starting to respond on the demerger strategy. Any thoughts from others on which option they will take? |
Posted at 21/12/2013 16:01 by topvest Exactly, but they may well return 25-50p per share in the MEDIUM TERM. Management are encouraging shareholders to swap out of the unlisted entity, so I am naturally cautious especially when the CEO is staying with the unlisted entity. Need to study further, but an unlisted holding at 7p with a possible 5 year pay out of 25-50p is worth the risk to me. Of course, we may get nothing out of either holding if they carry on making mistakes. |
Posted at 20/12/2013 21:13 by topvest Demerger announced today. I share in the service business (listed) and one in the risk carrier (unlisted) with the ability to swap fully into the listed business. Seems to make sense although they are both dogs. Anyone any views on whether they will go for 2 shares in the listed or 1 share in each. The latter option seems to hedge your bets. There may be some hidden upside in the real dog business (the risk carrier) as that is where the Chief Executive is staying. |
Posted at 14/12/2010 07:51 by jimarilo Good timing from the company, another 30K bought and put into treasury, just when we might have thought the recent trades @ 66.25p were sells they were in fact buys ;-)Share buyback programme Tawa plc ('the Company') announces that, pursuant to the general authority granted by shareholders of the Company on 17 June 2010 to make market purchases of its own shares, the Company made market purchases of 30,000 Ordinary shares of 10 pence each ("Shares") at an average price of 66.25 pence per share on 13 December 2010. These shares will be held in treasury. Following this purchase, the interests of the Directors in the Company as a percentage of the issued capital will remain unchanged. MM's still bidding for stock, telephone orders only to buy, but can sell online 25k |
Posted at 13/12/2010 17:11 by aaargh Eerily quiet in here .. I'd have thought that a 30% gain in the last month might have elicited some comment but I guess with the shares 71% owned by Financiere Pinault and with 86% of shares in just three holdings makes this share less of a PI favourite! Still .. 30% in a month is quite a bit of volatility! Ouch to the spread! |
Posted at 03/9/2010 21:28 by topvest Well it's a year since we started this thread and the share price is below where it was then. Looks good value! |
Posted at 08/4/2010 09:00 by kimboy2 It is easy enough to register;Investment summary: Specialism pays Tawa is a specialist in the non-life run-off market. By being better at claims and re-insurance management, and by achieving economies of scale, Tawa aims for a better return than the run-off vendor may achieve. Because it accelerates the completion of run-off portfolios, it also releases capital earlier. In addition, Tawa provides management services to third parties in this space, and has made a material acquisition to boost its presence. We believe the share price (less than half NAV) more than reflects the risks in the business. Model working by end 2009 after tight 2008 2008 was an annus horribilis, with materially negative investment returns, an adverse exchange rate effect, and a shrinking business as acquisitions were too expensive. 2009 saw more business as usual. The total investment return was positive, the dollar moved in Tawa's favour, and acquisition pricing started to fall to more attractive levels. The group extracted $40m from one portfolio (KX Re), resulting in debt/equity falling to 13%. Tawa returned to profit (attributable $11.2m) and NAV per share rose. Today Tawa announced a further $35m will be extracted on 31 March 2010. Market pricing more rational, allowing more acquisitions Tawa's model requires a steady flow of acquisitions, but for much of 2008/09 too much capital was chasing run-off businesses. Tawa could not achieve its target 20% IRR. Pressure on sellers has increased with: i) the new capital requirements, ii) investment losses diminishing capital cushions, and iii) lower investment returns, while some potential demand has reduced as financing has become more expensive. Tawa addressed the absence of profitable portfolio opportunities, and introduced more earnings stability, by buying PRO, a run-off servicing business. Valuation: 0.5x NAV is very attractive Although the shares have risen markedly from 37p at end 2008, we believe that the issues from that year are still reflected in the price. At the current level of 60p, Tawa is trading at just under half the 2009 reported NAV (127p). Tawa's risks (insurance, investment return, exchange rate, credit) are more than fully reflected in the price. |
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