Latest news with #BlairTurnbull
NZ Herald
29-07-2025
- Business
- NZ Herald
Investment manager Milford Funds boosts dividend despite profit dip to $16.9m
Reminder, this is a Premium article and requires a subscription to read. Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Blair Turnbull joined the company as CEO in March. Photo / Supplied. Fund management heavyweight Milford has held its own profits steady, and boosted dividends to its parent, despite choppy international investing conditions. Financial results for Milford Funds posted to the Companies Office for the year to March 2025 saw the company post a $16.9 million profit after tax, a decline from $19.5m the year prior. A decline in total revenue for the fund manager, from $271m to $235m, was softened by a trimming of management services fees paid by the company to its parent, with this declining from $227m to $194m. Milford Funds is the manager and issuer of 23 wholesale and retail funds, including six KiwiSaver offerings. Its Australian website claims to have $24 billion under management across its Australasian operations.
Yahoo
25-05-2025
- Business
- Yahoo
Blair Turnbull Spends NZ$429k Buying Tower Shares
Investors who take an interest in Tower Limited (NZSE:TWR) should definitely note that insider Blair Turnbull recently paid NZ$1.48 per share to buy NZ$429k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 23%. Our free stock report includes 2 warning signs investors should be aware of before investing in Tower. Read for free now. In fact, the recent purchase by Blair Turnbull was the biggest purchase of Tower shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is NZ$1.51. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Tower share holders is that an insider was buying at near the current price. Blair Turnbull was the only individual insider to buy during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Tower Tower is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own NZ$3.2m worth of Tower stock, about 0.6% of the company. However, it's possible that insiders might have an indirect interest through a more complex structure. We prefer to see high levels of insider ownership. It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Tower stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tower. At Simply Wall St, we've found that Tower has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis. Of course Tower may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
