My ASB watchlist is frozen on yesterdays closing prices and cannot get todays depth on anything, Anyone else having this problem?
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My ASB watchlist is frozen on yesterdays closing prices and cannot get todays depth on anything, Anyone else having this problem?
Yes. They’re working on it
Fixed now!
A few random thoughts:
- Re mobile, all telcos including Spark have lost a lot of income from roaming revenues, which are typically described as "lucrative", thanks of course to border closures. For Spark this was $38 million in FY21 according to their Annual Report. Despite this, mobile service revenue grew 0.5 per cent, or 4.3 per cent when adjusted for the impact of roaming.
- You mention cloud and security services - Spark's Cloud, security and service management revenue grew 5.5 per cent from FY20
- Spark has 16 datacentres around the country. In August they announced they would be adding capacity at their Takanini datacentre which will (apparently) make it the largest in New Zealand once completed. How much business they will lose to AWS is anybody's guess ...
- Spark also part-own the Southern Cross Cable, so there's another revenue stream.
Disc: Holder and employee
Yes BP, I certainly never ever suggested it was a one way ticket to wealth. What it is, is a stable dividend paying stock with some growth potential. This is an industry which is constantly subject to commerce commission scrutiny, so it will never monopolize the market in the communications industry, which is the reason why they have not been able to capitalise on their once dominant position. The govt allowed competition into the market purely to create competition, however they are growing against the competition albeit at a slower pace and that's a good thing.
You left out a couple of new revenue streams for Spark in the Smartphone space BP. Spark will now sell you a new cellphone on a monthly plan. So they now have a 'product income stream' added to the 'usage income stream', in a way they did not have back in the old landline day.
Furthermore, 'back in the day', all local call revenue was collected from the operator of each landline. But cellphones work on a 'caller pays' model. That means the local revenue associated with your cellphone number comes from all the calls you make PLUS all the calls that other people make to you. So although you are looking at your monthly phone bill, thinking how much money you have saved from the landline days (when you got unlimited minutes and numbers of local calls per month), in fact a large portion of this 'saving' is you transferring what used to be 'your' share of fixed local call costs onto other people.
Thus my thesis is that in the 'transition to mobile', the phone companies are not losing as much revenue as you think they are.
You no longer have to pay for toll calls from landlines in the old 'per minutes' way. For example if you have a sick relative in another town who you want to ring every day you can get a 'My favourites' package that allows unlimited calls, (up to 2 hours per call) to a home phone or Spark mobile - any time, of day or night for a month. This costs $6 for one month. And if after a month the person has recovered, you can delete the package.
Yes. -47% over five years, as per the table I have quoted above.
They have, +36.7% over five years.Quote:
I was hoping SPK would expand more into offering cloud services and security services eg protection against DDOS attacks to NZX and Waikato DHB. There’s good money to be made in that field and it’s a less price sensitive service
SNOOPY
Not sure I understand. In the old days it was a (rather high) fixed fee for having the connection plus any toll calls you made.
Today it is (depending on your plan) some monthly payment including mainly free national calls plus some toll calls plus whatever data you use. The total however is for most users less than it used to be in the good old telecom days. So - sure, the Income streams for Telecom have changed, but the total didn't increase.
Not sure I can follow this argument either. In the good old days the subscriber of the landline paid a fixed fee plus tolls. If somebody else (from overseas) called you, than the overseas telecom typically would as well contribute to the cost of this call (unless they had some mutual agreement basically waving each others cost).
These days the owner of the plan pays a fixed monthly fee plus tolls (being data and toll calls). If somebody from a different provider calls you their provider may or may not (depending on the agreement between the respective providers) pay for parts of this call. Again - given that people receive calls as well as make calls, this is typically quite revenue neutral - the more the operator receives from other operators for incoming calls, the more they normally would have to pay these very operators for outgoing calls form their own network.
Packages for the user existed in the good old days (at least in the part of the world I am coming from) like today - this is just a way for the respective Telecom to maximise their revenue considering that running a telecommunication network costs exactly the same money whether it is in use or idle.
Check "Profit maximization for a monopoly" . However - these days telecom is not a monopoly anymore, which makes it more difficult to extract higher profits.
So - yes, I do see that some of the revenue streams have changed, but I don't see the total of all streams increasing.
There are huge opportunities in the cloud.. running a "simplified" cloud could be a good option for spark.
Though there will be tough competition from big tech so that needs to be considered.