dear couta old mate, still hold 50k shares bought last year at about $2.85,not sure how high should away, so still hanging there, maybe just like Spark lol.
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I completely agree with the first three parts of what you've said above, however with respect to growth IMO telecommunications has become a commoditised business with potential growth coming from either conversions, growth in connections from other sources (e.g. IoT) or from the sales of value added services (e.g. Lightbox, Spark Digital services etc.) Spark's strategy on the IoT and value-added services isn't quite as clear as I'd like it to be.
whats overvalued is very subjective - if you ran on that theory would you still be holding such stocks as aia,fph etc etc etc like I say traditional way of valuing companies hasn't worked for quite some time
I wouldn't buy AIA nor fph at their current prices, there are better options available, same goes for buying Spark at current price. PS-Currently you have droves of rats leaving the sinking ship of low bank deposits piling into shares like Spark, these people just want dividends and most wouldn't have any idea of what fair value might be so the SP gets pushed up beyond its fair value artificially IMO.
Anyway work to do so enough rambling for now.PS-I agree with BB in post #693, It's not a matter of if but when a correction will come cause it will come as sure as the winter:cool:
Guess what? It's pay day and now the price is down by about 10cps. Monday will see the price begin a further downward track as people realise that the money has gone in the bank or - it isn't going in the bank. Next payday is early October. So it's forget about SPK and try and find some horses that run faster than my more recently favoured ones.