Forum Archive Index - June 2000

["simon dallimore" <smndallimore@hotmail.com>]

In my opinion, Tower (TWR) management have 'cried wolf' one time too many in 
the past by an astute strategy of 'no comment' on takeover speculation. The 
objective is obvious - to raise a flagging share price. To this end, they 
have been successful as the TWR share price has risen substantially.
Today in the NZ Herald, I read about TWR talking about future "alliances" 
and "acquisitions". Alliances are meaningless possibilities in the insurance 
world and with respect to possible acquisitions, how can a small player such 
as TWR make an impact in the insurance (or banking) world with any 
acquisition?
And in the news article was the never failing and ubiquitous throwaway "no 
comment" on takeover speculation YET AGAIN! In my view, Tower has cried wolf 
one time too many in the past on the issue of possible takeover and I, for 
one, will not be fooled.

Disclaimer: The above is my true and honest belief based on observations of 
media statements issued by TWR management. Readers should do their own 
research and form their own opinions.
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