Forum Archive Index - February 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

Thanks very much I tend to agree with you.Margie

Derek Watt wrote:
> 
> Hi,
> Tower has averaged 25% growth per year since 1990. This year Tower
> Announced its entry into China perhaps indicating that this growth average
> has every chance of continuing. The asset backing is $4.69 per share
> and at $4.85 a share the P.E. ratio is running about 11.
> 
> If this growth continues and the PE stays about the 11 then this time
> next year I would expect TWR shares to be at $4.85 * 1.25 = $6.06 a share
> At this price TWRCA (partly paid shares) will be about $3.21
> 
> TWRCA are now at around $2.20. Therefore one could reasonably expect a
> 45% increase in price for TWRCA in the next year all else being equal.
> 
> (I own TWRCA shares, but may sell soon as I believe there are
> better oportunities out there at the moment.)
> 
> Derek W
> 
> At 10:54 AM 2/13/00 +1300, you wrote:
> >Margie,
> >I wouldn't say I'm altogether on the ball, I try to be a tad conservative
> >to avoid getting done in the next crash, whenever it comes. Hopefully
> >the white-hot computer technology advance will delay it for some time.
> >We did have a minor discussion on TWR in Sharechat a few weeks ago
> >and I think I can summarise it by saying that TWR is a smallish medium
> >player in a very crowded and competitive Insurance & scene in Australasia.
> >I think there is both limited downside and upside in TWR and the best
> >hope is that there will be a lucrative takeover offer but God knows when.
> >cheers,
> >Hugh
> >
> >
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> >
> 
> -----------------------------------
> Derek Watt
> http://members.tripod.com/DKWatt/
> -----------------------------------
> 
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