I don't understand. Can someone help me understand why SPK announcement of increase in profit, revenue, and dividend payout has affected share price drop by -3%?
Am I missing something or have I read it wrong?
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I don't understand. Can someone help me understand why SPK announcement of increase in profit, revenue, and dividend payout has affected share price drop by -3%?
Am I missing something or have I read it wrong?
EJK the great mysteries are there to confound us. I just got back from delivering a load of firewood, expecting the price to be near the 370's. I sold a large block at 365 two days ago and hoped for a drop of five cents so that I could buy back and make a few hundred dollars but last night I was sure that I had stuffed up - again. Then my surprise that my wish had come through while I was out in the rain. I went to the investor centre to find out what had been announced only to find I can only get last years figures. I will go elsewhere and hunt for answers. still $729 in 2 days is not bad.
A worthy question, oft repeated with Spark. Fortunately, for you and I, most of Spark's shares are held overseas and as a very minor part of their owner's total portfolio. This means that those owners are oblivious to good results and good dividends and nearly totally concentrated on the movements and coming movements of the US dollar, interest rates, the euro, the Chinese economy &&.
Fortunate, because for perceptive NZ shareholders who are concentrated on good dividend yields as an essential part of their income to live off, Spark fits the bill nicely and we can sail on blithely oblivious as to whether Trump has been caught again in flagrante delicto (with his pants down), Volkswagen has been caught cooking its emissions books, Marine le Pen has been elected, North Korea has successfully fired an ICBM, China's inverted pyramid of mountainous debt has come crashing down, the Pope has been caught with a choirboy.
Celebrate, mate, forget the rest!
I had a little look around EJK, apparently the NZ dollar has broken downwards through some silly 3 week "technical" resistance chart so all the overseas holders of Spk will be thinking the US dollar value of their Spk holdings has fallen/is falling significantly. Also Auck Airport and Fletcher have both fallen significantly. AIA, which is the nearest thing to a sure bet in NZ unless there's a big volcanic eruption in Auckland and most of Air NZ's jets crash simultaneously has fallen 13 cents! Make that fallen 16 cents!
So, time to get your Bible, get under the bed with a flask of coffee, put on sackcloth and ashes and read Revelations under the bed for the rest of Thursday....
However, Sulphuric Acid, the result was in line with Spark's guidelines and a bit better than guidelines so there's no surprises. I'm just going to see if you have posted the same comment on the AIA thread to see if you are logically and factually consistent.
just a reflection of how out of favour nz shares are at the moment.
Telstra result was pretty bad as well so the whole sector is getting a hiding
Well, no sign of any comment on the AIA thread by H2SO4. Very telling.
I consulted the NZX re SPK and AIA. Here's results; AIA a P/E of 31.200 and a Gross Dividend Yield of 3.535%.
SPK a P/E of 18.350 and a Gross Dividend Yield of 9.359%.
So which share price is too expensive H2SO4? Obviously AIA is yet you have made no comment on the AIA thread to that effect.
Are we to conclude that you are one of the small band of irrational Telecom haters then?
I wonder who knows the name of the Wall st pundit who said "sometimes the market does something so stupid that it takes one's breath away.";)
A chocolate fish for the correct answer.
Agree...
NZX exposure to the global markets is limited to a few stocks with big enough market cap and liquidity.. SPK is one of those few..
Long term...Telco's in general (global) looked to had risen too high in the middle of last year and been cooling off since then.. Looking at Telstra results now and using hindsight that share price bump last winter is now considered too high as well.
Short term..Swings and roundabouts last winter's good shareprices is now late summer"s ****storm...Investors see better opportunities elsewhere...
Agree...
NZ Market is well down the list with this latest global rally....A falling NZ$ reflects weak demand for NZ dollars so not surprised to see a laggard NZ Equity market.
In the short term investor sentiment rules over fundamentals..It could be raining gold bars from heaven event and if we all complain it not enough then we all would be pessimistic/suspicious about that event...Animal group behaviour sometimes resembles this weird behaviour..... In the Long term the shareprice usually reflects fundamentals..but the crunch is, by then the fundamentals may have changed for better or worse.
I agree..A company that has no growth (past history -ve growth) a PE of 17 or 18 could be seen as too high....The Telco sector has lower PE's e.g Telstra's PE is 10.5 and it got wacked big time today
AIA PE should always be a lot higher than SPK.... Growth companies normally have higher PE's than low/-ve growth companies..
Is AIA PE 30 more expensive than SPK PE 17?....I think so, but not by much....
I stand corrected but off the top of my head SPK historically runs around average PE17? AIA averages in the 20's?
However when it comes to where the shareprice has come from AIA a growth stock has risen in shareprice +1600% (without adding div) since year 2000.. SPK with chorus chopped off -50%...It's the higher yield div that keeps SPK in play..also.. up to now it was (?) an increasing NZ$ capital play with overeas investors.
Also ,,, MVT..play nice to your fellow ST members, we all have different views and opinions..debating is fine but we should all be able to express our view right or wrong without receiving unnecessary hostile comments in return
I've been daytrading 34000 spk for a number of years and I'm happy to continue. only about half the lot are mine, the rest are on behalf, but it keeps me fat and happy. they are currently on the market at 370 - that is the price I would take and lose the dividend. Don't tell me I won't get that price - I know that - it's just a safety valve that allows me to cut trees drink alcohol and back slow horses without having to check the market every five minutes
Wot? No whoops of Victory! You guys are very modest and restrained. What does the ComCom thumbs down on Sky TV/Vodafone merger mean for Spark? When can I give up my $100 plus a month Sky TV habit?
spark partners with netflix
https://nzx.com/companies/SPK/announcements/297423
In just over a month (when I am flush with my Spark dividend) I am interested....Spark have made a fibre connection for our street....I could take up a Spark offer to get free Netflix...one pain is that I really need to buy a new TV to take full advantage....anyone from Spark reading? Come and negotiate with me!
I don't know how successful the Netflix offer will be as its for new customers on a locked in 24 mth plan, doing a quick comparison of broadband prices shows spark is one of the most expensive plans for unlimited data around at the moment by about $10/mth that might explain the decrease in there market share and the increase in skinny at the lower price point. Spark will need to improve price point or keep losing market share I reckon.
Also im on a mobile plan and there new IT setup is pi..... me off it keeps double billing me each mth after asking them to fix it I see this mth I have new problems so why the customer service was alright the person who supposedly fixed the problem caused a new one now im getting 2 data plans on my ph with 1 billing lol guess I will have to ring back again.
Skinny is a division of Spark.
In regards to the Netflix deal, will be interested to see what content that we can get in New Zealand. It will be very attractive if the contents are the same as in the US Netflix. Otherwise, will be better off streaming from Amazon Video, or iTunes.
I have nz Netflix which is very limited. Out of interest can you get US Netflix.
What nonsense trading on the NZX is. Spark signs a brilliant deal to offer Netflix and is slashed by 4 cents. SKT is neutered by ComCom and goes up a cent!
Maybe great for customers but not so much the company bottom line. I already have free lightbox (along with my free fibre ) which pairs nicely with my free tivo (yes it is still going strong) so i suppoae netflix will provide more free channels i wont watch.
In addition to Minimoke's comment, the Netflix that Spark signed offers very average rated contents. So, today's SP reflects the market thinking towards the deal today. And just being a thought, the deal could be a "positive" news on Spark if the SKT Vodafone merge did go through last week.
I have netflix I find it pretty good for movies and TV. Lightbox only has TV and it is very limited. There's nothing average rated about the Netflix NZ content. Here for example is the movie list for Netflix NZ with all the films you'd expect all the Best Picture winners and top rated stuff is pretty much there. I've had it a few month and haven't made a dent yet in everything I want to see in movies alone.
https://www.finder.com/nz/netflix-nz-movies
I'm not suggesting the deal would drive sp up but I wouldn't expect it to drive it down either. Still it's good for me as I am thinking of purchasing a few and the share price is now almost at the pre-comcom decision level and hasn't gone ex dividend yet so will have to do some more research and see where it is tomorrow. I'd speculate sentiment towards the sector and international yield play money continuing to be diverted into other options has more influence on the price today than the Netflix announcement.
Had been thinking about getting Netflix, and have a been a Spark ADSL customer. Signed up to VDSL and 2year contract with *free* 1 year Netflix on Monday .... new modem delivered, connection transferred, Netflix a/c created ... within 4 days ... impressed with the turnaround, and kept informed via emails.
Spark showing some strength today despite going ex divi.
A bit of large cap index rebalancing going on at close (International boys) SPK and RYM both hit hard.
I Made a great profit on St Patricks day - sold on the remarkable and short lived high and bought back on the later big drop. Made enough for a weekend in Taihape (including air fares). Since then it has been driving me mad. Every move I make it jumps the wrong way. I'm only posting this to nail my button pushing fingers down until it reaches 345cps.
Up goes the market and down goes SPK. I suppose when it does turn the same runners will be back with their cash and it will shoot up past the falling market.
He does that all the time BB making his opinion sounding like a fact; dangerous ground.
How do you time trading in craic? Looks like ripper entry coming up?
Facts are facts; easy to adapt your way of saying things
I would suggest you go and do some factual research on Spark, find out who owns the majority of their shares and you might discover why the price has dropped and not recovering it's divvy to date. Disc-Have 90% of my portfolio in this company, and that's a FACT.
Sorry Fellas but I have 100% and 100% of my sons in this lot. Close to $130,000 all up so I watch it like a hawk. At my age, all money is play money so the $1,000 I made since the div. is less than I had a week ago. My biggest problem is patience. I have a sell at 345cps and that will happen and give me a profit but it may be a day or two away.
That is not a fact or a truth. You've been given a gift of how some others experience what you are saying. At times it comes across as facts or qualified advice but without a source to back it up. When it really is only your opinion. Don't you see how close to the line that can be. Im hoping you don't want to influence people or ego is in the way,but thats the feedback I'm giving you of how it comes across some of the time. BB for one did just now too. I wish /want us all to get along on the S/T community. I admire Roger as he has adapted his communicating style slightly and although he's an excitable hound occasionally:) i now value his contributions,even his self motivating weight losing diary has bought some great info in from others.:t_up:.
"I reckon that's a pretty good assumption, patience is all we need." This is clearly your opinion and its appreciated for what it is
I'm more interested in what they do next with TTK bid 80c aint going to cut it
Broker reports are only opinion
Trade data is fact, brokers have that data, but we haven't seen any of it posted or put up as evidence to support the suppositions stated in a manner that implies they are facts.
Trouble is, even if the data was available, it's still not clear who's acting for who on behalf of whom etc. So the only fact is that no one seems to have any facts about which shareholders are actually doing the buying and selling. Otherwise it's all conjecture, and should be stated as such, imho.
Like this for example: 'I think it's probably the big US shareholders and not the NZ Insto's or Funds or large individual shareholders that are doing the selling today'. Then we would know it's an opinion, unsupported by facts, but nevertheless worth pondering.
A forum is simply an exchange of ideas(or opinions) with or without facts to back them up. Unless someone clearly states that what they are saying is fact, then they are are not saying it is fact, you can assume whatever you want but you could also be completely wrong in your assumptions.The fact that you now find Rogers communicating style more appealing just means you agree with him more than you used to, you now value his contributions, yet they have always been valuable. Unless people are being insulting or downright rude or state that their opinion is outright fact (without evidence) then let them be themselves.
Surely you've picked up on Rogers posting style change; have a look ; little changes make a big difference ; same with his weight; he's on a born again Mission:D. Those examples BB and I gave ,have another look; little changes make a big difference to the reader; be open to it rather then closed. Make an informed response rather than a reactive one. Think how others may be seeing you esp newbies i.e. outside of ones own bubble.We have a big responsibility on forums if we want to share; lets do it right .
Such a boring stock but I love it, up on average buy price with big divvy coming Friday, what's not to love.
Congrats mate so its trading ex divvy and you've effectively stripped the dividend as well as still being up on your recent acquisition price. In my opinion, and certainly based on the comprehensive Australian study I reviewed, most times, most companies recover the amount of the dividend fairly quickly. Predicting the future is always hard, (and I still believe its best not to be too sure of one's ability to second guess where the market is going, hence my belief in a well diversified portfolio of quality stocks), but I think dividend stripping is a very valid investment methodology especially when used in conjunction with sound technical analysis and fundamental analysis although as discussed I have some reservations about how hard you're going at this approach.
SUM very good long term growth and value elsewhere in the market in my opinion :)
Thanks Roger, I know your not comfortable with my hard out approach and I respect that, takes a bit of perseverance to see past a very large red arrow like I had beside this stock just a week ago, but I reckon I'm well practiced at the art by now. PS-Just to keep you happy, and so I don't have to use my wife's proxy card to get into the Sum AGM, I bought Sum today.:cool:
Good on spark for not increasing the bid would have been way overpaying for the asset.
Fair enough mate and congrats, there's SUM marvelous long term growth there and you've bought at a great price :) not so sure you'd call the long term growth prospects of Spark electrifying...
You might still need that proxy card as annual meeting notices / admission cards have already been sent out.
[Not according to Grant Samuels valuation 80c is way too cheap!QUOTE=bull....;661632]Good on spark for not increasing the bid would have been way overpaying for the asset.[/QUOTE]
Well as a Spk shareholder all I can say is, I hope Spk is not cutting off our nose to spite our face. It is happy to spend how much of our money on Lighbox? $20 million to $60 million? (not sure about the cost, think its something like that) But is passing up an opportunity to buy a nifty fibre optic network at a reasonable price.
A huge transaction of over 40 million shares just went through at $3.65. Massive volume for the day so far of over 47 million shares ,someone's keen.
Hundreds of SPK sell orders for one broker? Possibly, but 40 Million is still a heap of shares and one wonders who the seller/s is/are!
http://www.nzherald.co.nz/business/n...ectid=11832525
Here's the guts of it here, Spark finally starting to get the recognition it deserves http://www.nzherald.co.nz/business/n...ectid=11832525
around that 3.40 level has for awhile now been good buying if you look at the chart
I followed Spark's advice and changed from Yahoo to Spark to receive my emails.
All good until I tried to file them.
Went to their guide and followed it,without success.
As I am deaf I did not ring for help, as I can not understand people whose first language is not English.
Took myself to Spark store at Westfield,where a very pleasant young lady said that will be no trouble to sort out.Her supervisor them called her to one side, and told her they only helped people with phones,not lap tops.
I then asked if Spark had a place I could get help from in ChCh.No there is nothing in the South Island.
Well my poor grand daughter was given the task to help me.
After telling me she could not get it to work,I asked her to have one last try.
In the end she got me up and running.
A very special thank you to fellow ST poster, Mickey ,for the trouble he has gone to,to help me.
No idea.!!!!
No longer comes in on a separate window.
All my files are still there,but when I go to forward an email, a lot of my contacts are missing.
The result is very workable, and I am over being very stressed and back to my happy self.
Staying at Tui Oaks Motor Inn, with a great view over Lake Taupo ,is also doing wonders to my out look.!
spark one of the better performers last mth doing good wonder if we will have the strenght to get back to previous highs
https://news.vodafone.co.nz/article/...ers-all-blacks
surprised spark didnt see this coming vodaph sly manouver around commerce commission ruling to get the crown jewels.
It's a truly pathetic effort by Vodafone if you ever go to physically watch rugby games and compare that experience to watching on Sky. The "crowds" that turn up to watch rugby games are relatively puny compared to the number who are watching at home on Sky in comfort. With MySky you can get all the reruns you want, on a large screen. If you look around you can see all the empty seats even in "sold out" grounds.
It's got to the point where I am personally embarassed if a friend offers me a free ticket togo and watch a game with him, I desperately scratch my head thinking of excuses. The seats are hard, the large screens at the ground difficult to see and they have low definition.
Would you sit at home and watch a tiny smart phone or tablet screen in preference to a large screen? No.
So, Vodafone have got in on small/tiny screen broadcasts of the Rugby Tests? Bully for them. They might score 1% of the market for watching rugby if they are lucky.
all time highs maybe soon $4 ? nice trend going on
You're out of date old son. That used to be the case.
Brian Gaynor says there's a new $100 million a week coming available from Kiwisaver and other NZ Investment funds who have target percentages to put into the NZ sharemarket. Week after relentless week.
Besides what are the alternatives? Interest investments? Not competitive with gross dividend yield. Real estate? Falling off in Auckland and that will spread to other centres. Cardboard boxes under the bed? Hmm, I'd rather put my money to work.
Sounds like your very confident MVT, willing to take a nice wager that you will be able to buy these shares 10c or more cheaper than today's peak sometime between now and say end of August simply due to the big boys doing what they do. Are you that confident?