Tawa Share Discussion Threads

[chrisdgb] 08/4/2010 08:17

In addition to the 120p Peel Hunt note I think Edison produced a positive note, does anyone get their stuff..?

[chrisdgb] 07/4/2010 07:10

These share buybacks nicely underpin the price..

[chrisdgb] 06/4/2010 08:19

Despite the tick up since results, still at a 45% Discount to NAV....!!!!

[chrisdgb] 31/3/2010 15:43

nice upward momentum here..

[chrisdgb] 30/3/2010 21:41

Good to see the company buying shares back at this discount to NAV...

[topvest] 29/3/2010 21:26

Not sure about 120p, but it's good value at these levels.

[chrisdgb] 29/3/2010 08:36

I see Peel Hunt have a 120p price target and a BUY rating..

[topvest] 28/3/2010 15:49

A couple of interesting points:

- $35m release of regulatory capital in KX Re;
- PRO acquisition looks v. positive;
- Interesting STRIPE project - claims processing platform being launched;
- Avoided run-off acquisitions as prices too high in 2009; and
- Elimination of net debt.

On top of that NAV 126p and dividend of 2.5p.

Only ? is the level of profitability remaining from existing run-off liabilities, but overall still looks a bargain.

[topvest] 27/3/2010 09:37

Yes, excellent results. 50% discount and 4% yield. Tasty!

Seems to be a number of bright spots within these results. Need to study further, but looks an absolute bargain.

[chrisdgb] 26/3/2010 08:50

50% discount to NAV?????

[jimarilo] 10/2/2010 09:41

seems they are buying at 57p

[jimarilo] 26/1/2010 09:52

Silly games the mm's play, up 6.1%, but bid and offer the same lol

[nurdin] 11/1/2010 08:27

I added last week...the decline since 80p is totally unjustified imo.But, hey gave me a great opportunity to add...so no complaints

[jimarilo] 07/1/2010 09:12

I have already added recently, but will hang fire before taking some more

[topvest] 06/1/2010 21:26

Still a bargain versus asset value. Insurance has performed very poorly in the last quarter as a sector. Great time to top-up in insurance generally imo, but I'm close to fully invested.

[jimarilo] 06/1/2010 08:28

Where are we going ? still a few sellers about

[topvest] 23/12/2009 15:07

The only thing I can think of is that there is a potential deal in the pipeline which prevents them initiating this.

[kimboy2] 23/12/2009 10:31

I wonder what happened to the share buyback program.

[topvest] 23/12/2009 09:38

Yes, does look very good value.

[jimarilo] 23/12/2009 08:59

Looking even better value these days, worth topping up ?

[nurdin] 12/10/2009 09:24

Had few of these on Friday...if they can extract $178m from their acquisitions then they look cheap on enterprise value of $120m...

[jimarilo] 07/10/2009 10:51

Tawa plc

7 October 2009

Director/PDMR Shareholding

Tawa plc ('the Company') was informed yesterday that David Vaughan, an executive director of Tawa plc, transferred 18,966 ordinary shares in the Company to his wife, Elizabeth Vaughan, yesterday by way of gift transfer. Following the transfer, David Vaughan's beneficial interest in the Company is unchanged at 898,966 ordinary shares representing 0.79% of the Company's issued share capital.

[jimarilo] 06/10/2009 22:50

Nothing is ever straight forward for the PI ;-(

Yes they could be trying to shake out some short termers, the offer still close to 80p

Maybe they thought the mere threat of buyback to 127p would be enough ;-)