probably to do with the election - Labour win will cause markets to fall because of the CGT and the the tax increases and changes to 90 day work rule and min wage increase etc etc ( just stating facts )
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probably to do with the election - Labour win will cause markets to fall because of the CGT and the the tax increases and changes to 90 day work rule and min wage increase etc etc ( just stating facts )
Only today and tomorrow to buy/sell shares before the big day. Election result should cause this one to soar today. It would be nice to be able to pick the high and the low of the next 48 hours, sell on the high and buy back on the low, make a few bob and still be in for the dividend. I predict a high of 307 for today - but I won't be trading.
I sold 20% of my Spk shares at $2.78. Glad I didn't sell anymore. Last week I sold 105 Apple shares to reinvest into Spark. My Apple shares had appreciated 51% in a little over a year. Wow 51%, alittle better than my Westpac term deposit. Anyway, I bought back that 20% at 2.985. All this trading is expensive. No more deals from me for at least one year, probably longer.
Sorry to bother. In terms of depth, why go in with an ask of 280c?
Is this a trick to get your order filled first?
Thanks
Also known as a low-ball offer. It's a psychological attempt to crash the price and pick up some shares. Occasionally as with low-ball offers someone will panic and sell or some Alzheimers afflicted oldie will take the cash without thinking any further if it's there overnight as the only bid.
Interesting to see the price SPK is selling at the moment - 297cps or up 3cps. Are there people buying today on the ex-div date in the belief that they are still in for the div.? I sold out at that price today on the certainty that I can buy back within a few days for a significantly lower price. I need 2cps difference to make a profit but 7 or 8 would be nicer.
If one sold today, they would still get the div?
Yes, again. There are some clear definitions on Google but todays price but though todays price is recorded as a rise when the actual price is lower than yesterdays close is becausethe 9cps has been factored in.
Still doesn't seem like recovering post-div. Getting close to the 70-day MA
Interesting....and 2 Degs is in the financial poo as well...
Vodafone New Zealand, the country's biggest mobile phone operator, has reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom line.
The Auckland-based company posted a loss of $27.9 million in the 12 months ended March 31, from a profit of $55.9m a year earlier, according to financial statements lodged with the Companies Office.
While revenue climbed 16 per cent to $2.06 billion, with the added fixed line business of TelstraClear coming on board and accounting for about half of sales, it wasn't enough to offset increasing costs in the year.
Vodafone's cost of sales rose 20 per cent to $910.5m, its employee benefits jumped 30 per cent to $314.9m, and its interest bill increased 12 per cent to $130.6m.
"The financial structure of our business has also changed following the acquisition," a spokeswoman said in an emailed statement.
"We're bigger and we have more assets. As a result - and as expected - our costs have gone up."
Vodafone acquired the fixed line business in October 2012, expecting to slash back-office duplication, use TelstraClear's backhaul and transmission services, and cut its reliance on Chorus.
It amalgamated that unit into the wider New Zealand group in March last year, valuing the assets at $843.6m.
As at March 31, Vodafone New Zealand owed $1.38 billion, including $572.4m of accrued interest, to Vodafone Group, which is due for repayment in July next year, with a further $119.2m owing to Vodafone Overseas Finance, coming due in October 2017.
The New Zealand unit flagged $114m in capital expenditure commitments, of which $68m was to purchase 700 megahertz radio spectrum for 4G services in the government's auction earlier this year.
It claimed $32.1m from the government's Rural Broadband Initiative, where it's contracted to build 154 new cell sites and upgrade 387 cell sites over six years.
The RBI initiative is funded through the Telecommunications Development Levy, of which Vodafone was to pay about $14.3m for the 2013 financial year.
The loss was down to higher than usual depreciation/impairment charges though. so operationally Vodafone is still profitable
And heaps and heaps of interest.
Just thought I might add that Vodafone are basically discounting all their plans and ringing up customers to offer them better plans (y).