Tower Ltd (twr) Logo

Tower Ltd (TWR)

___:___ · Financial Services
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TWR ASX Chart

Snapshot

Tower Limited (TWR) is a New Zealand-based company, which is engaged in the provision of general insurance. The company has operations in New Zealand and Pacific Region.

Share Price Activity (ASX)

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2024 YTD
1 Year
vs Sector (1yr) +19.75%
vs ASX 200 (1yr) +28.69%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 625 of 2,387
Sector Rank 225 of 601

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies GLOB / IHCB / PIA
EPS $0.006
DPS $0.00
Book Value Per Share $0.532

Broker Consensus

TWR is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Price Sensitive only

Corporate Overview

Corporate Details

Head Office Auckland New Zealand 1142
Website www.tower.co.nz
Registry Computershare
Auditor PricewaterhouseCoopers
Date Listed 28 Sep 1999

Upcoming Calendar (Forecasted)

Date Event
23/05/2024 Report (Interim)
21/11/2024 Report (Prelim)
21/11/2024 Report (Annual)

Former Company Names

  • Tower Corporation (TWR), 04/10/1999.

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
17/01/2023 $0.0311 0% $0.0311 Final 01/02/2023
15/06/2022 $0.0192 0% $0.0192 Interim 30/06/2022
18/01/2022 $0.0198 0% $0.0198 Final 02/02/2022
29/06/2021 $0.0197 0% $0.0197 Interim 14/07/2021
09/06/2016 $0.068 0% $0.068 Interim 30/06/2016
18/01/2016 $0.0595 0% $0.0595 Final 03/02/2016
10/06/2015 $0.0646 0% $0.0646 Interim 30/06/2015
20/01/2015 $0.0623 0% $0.0623 Final 03/02/2015
11/06/2014 $0.0503 0% $0.0503 Interim 30/06/2014
16/01/2014 $0.0473 0% $0.0473 Final 03/02/2014
07/06/2013 $0.0355 0% $0.0355 Interim 01/07/2013
14/01/2013 $0.0406 0% $0.0406 Final 01/02/2013
08/06/2012 $0.0332 0% $0.0332 Interim 02/07/2012
16/01/2012 $0.0154 0% $0.0154 Final 01/02/2012
10/06/2011 $0.0305 0% $0.0305 Interim 04/07/2011
10/01/2011 $0.0463 0% $0.0463 Final 25/01/2011
11/06/2010 $0.0324 0% $0.0324 Interim 02/07/2010
11/01/2010 $0.0708 0% $0.0708 Final 02/02/2010
19/01/2009 $0.0547 0% $0.0547 Final 09/02/2009

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.00
Gross DPS(TTM) $0.00
Dividend yield
Gross yield
Payout Ratio 0%
DRP Yes
DRP Features 2.5% discount

Directors & Management

Directors

Management

Director Transactions

TWR directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
21/02/23 Geraldine McBride Buy +5,477 $0.545 $2,984 On-market trade
09/03/22 Michael Stiassny Cancelled 69,433 $0.720 $49,991 As advised by the company
09/03/22 Blair Turnbull Cancelled 394 $0.718 $283 As advised by the company
09/03/22 Blair Turnbull Cancelled 41,050 $0.720 $29,556 As advised by the company
09/03/22 Wendy Thorpe Cancelled 1,625 $0.720 $1,170 As advised by the company
09/03/22 Marcus Nagel Cancelled 6 $0.667 $4 As advised by the company
09/03/22 Graham Stuart Cancelled 22,500 $0.720 $16,200 As advised by the company
09/03/22 Warren Lee Cancelled 11,550 $0.720 $8,316 As advised by the company
09/03/22 Warren Lee Cancelled 500 $0.720 $360 As advised by the company
04/01/21 Wendy Thorpe Buy +5,314 $0.731 $3,884 On-market trade
31/12/20 Wendy Thorpe Buy +686 $0.730 $501 On-market trade
29/12/20 Wendy Thorpe Buy +4,000 $0.731 $2,923 On-market trade
04/12/20 Warren Lee Buy +75,000 $0.665 $49,875 On-market trade
04/12/20 Graham Stuart Buy +100,000 $0.620 $62,000 On-market trade
27/11/20 Stephen Smith Buy +86,925 $0.600 $52,120 On-market trade
26/11/20 Michael Stiassny Buy +200,000 $0.600 $120,000 On-market trade
23/10/19 Marcus Nagel Issued 12 $0.560 $7 Rights issue
23/10/19 Stephen Smith Issued 4,615 $0.560 $2,584 Rights issue
23/10/19 Graham Stuart Issued 25,000 $0.560 $14,000 Rights issue
20/12/17 Graham Stuart Issued 6,154 $0.420 $2,585 Rights issue
20/12/17 Warren Lee Issued 2,000 $0.390 $780 Rights issue
12/12/17 Michael Stiassny Buy +150,000 $0.683 $102,393 On-market trade
07/12/17 Michael Stiassny Buy +80,000 $0.626 $50,046 On-market trade
06/12/17 Graham Stuart Buy +1,200 $0.630 $756 On-market trade
05/12/17 Graham Stuart Transfer 6,154 $0.565 $3,477 Off-market transfer
05/12/17 Graham Stuart Transfer 6,154 $0.565 $3,477 Off-market transfer
04/12/17 Warren Lee Buy +32,400 $0.610 $19,764 On-market trade
27/11/17 Richard Harding Buy +8,500 $0.585 $4,973 On-market trade
27/11/17 Richard Harding Buy +15,000 $0.630 $9,450 On-market trade
12/02/16 Richard Harding Buy +6,100 $1.63 $9,966 On-market trade
16/07/15 Rebecca Dee-Bradbury Buy +5,000 $1.92 $9,600 On-market trade
03/02/15 John Spencer Sell +13,798 $2.21 ($30,475) On-market trade

Director Interests

The current holdings of TWR directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Marcus Nagel 30/09/2023 N/A 62 N/A N/A
Geraldine McBride 30/09/2023 N/A 5,477 N/A N/A
Graham Stuart 30/09/2023 N/A 202,500 N/A N/A
Michael Stiassny 30/09/2023 624,897 N/A N/A N/A
Michael(Mike) Cutter N/A N/A N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 30, 2023.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Dent Issuer Designated Activity Company 75,896,447 20.00%
Citibank Nominees (New Zealand) Limited NZCSD <CNOM90> 47,507,398 12.52%
Accident Compensation Corporation NZCSD <ACCI40> 34,040,321 8.97%
Pacific International Insurance Pty Limited 22,072,615 5.82%
Lennon Holdings Limited 16,200,000 4.27%
BNP Paribas Nominees (NZ) Limited NZCSD <BPSS40> 13,858,232 3.65%
Masfen Securities Limited 13,430,197 3.54%
HSBC Nominees (New Zealand) Limited NZCSD <HKBN90> 11,714,723 3.09%
JBWere (NZ) Nominees Limited <NZ RESIDENT A/C> 7,921,421 2.09%
HSBC Nominees (New Zealand) Limited A/C State Street NZCSD <HKBN45> 7,758,895 2.04%
Investment Custodial Services Limited <A/C C> 5,415,647 1.43%
Public Trust NZCSD <THE ASPIRING FUND> 4,725,000 1.25%
JP Morgan Chase Bank NA NZ Branch Segregated Clients ACCT NZCSD <CHAM24> 3,778,374 1.00%
Tea Custodians Limited Client Property Trust Account NZCSD <TEAC40> 2,988,997 0.79%
Bnp Paribas Nominees (Nz) Limited Nzcsd 2,536,016 0.67%
New Zealand Depository Nominee Limited <A/C 1 CASH ACCOUNT> 2,185,275 0.58%
Hobson Wealth Custodian Limited <RESIDENT CASH ACCOUNT> 1,920,963 0.51%
HSBC Nominees A/C NZ Superannuation Fund Nominees Limited NZCSD <SUPR40 1,660,618 0.44%
Custodial Services Limited <A/C 4> 1,623,315 0.43%
Fnz Custodians Limited 1,493,545 0.39%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 17,514 4,141 672 1,015 195 23,537

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Note: If a substantial shareholder's stake drops below 5%, the "Shareholders Selling" field shows full ownership as sold and sets "New %" to zero, even if they continue to hold shares under the limit.

Name Last Notice Total Shares Shares Held (%)
New Zealand Funds Management Limited 30/09/2023 26,615,216 7.01
Salt Funds Management Limited 30/09/2023 30,479,743 8.03
Bain Capital Credit LP 30/09/2023 67,464,858 17.78
Accident Compensation Corporation 30/09/2023 36,239,113 9.55
Pacific International Insurance Pty Ltd 30/09/2023 22,072,615 5.82

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
24-07-23 Pacific International Insurance Pty Ltd 22,072,615 -- 5.82

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
24-07-23 Investment Services Group Limited 27,379,134 6.49 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2023 $0.575 30 June
2022 $0.595 30 June
2021 $0.685 30 June
2020 $0.560 30 June
2019 $0.720 28 June
2018 $0.720 29 June
2017 $1.24 28 June
2016 $1.25 28 June
2015 $2.00 30 June
2014 $1.65 30 June
TWR Historical Price Data (CSV)
Up to 20 years of EOD share price history

Important note:

All year-end and CSV data is "as traded on the day" and ignores corporate actions (e.g. share splits)

Market Index, ASX and Morningstar Logos

All data on this page is supplied by the ASX, Morningstar and Market Index. Read the disclaimer.