Was that the parcel of nealry 6 million shares that went through at close?
Yes and that is a lot - 6 million shares is about 0.3% of the total SPK shares on issue. Arvida traded 8 miilion shares today which is a bit over one percent of shares on issue.
I doubled down on SPK today. I sold my remaining shares in Arv at $1.66 and my order on SPK went through at the close at $3.59. Lets see how it pans out.
The answer to your question may be answered in bold below.
Q/ Arie Dekker (Jarden): Capital management targets for FY2025 are below those of FY2024. How long are you willing to pay dividends outside of the 80 to 100% of free cashflow figures that you are targeting?
A/ Stefan Knight (CFO): FY2035, free cashflow at $400-$440m, pays a good portion of the dividend and our intention is to grow free cashflow over time which is aligned with our capital management framework of EBITDA growth which is designed to fund the dividend over time.
I've noticed that overseas investors often use Spark as proxy for the wider NZ market and economy so it tends to (over)react to interest rates and exchange rate movements.
I think that and the end of month rebalancing presented us with a gift this week.
I've noticed that overseas investors often use Spark as proxy for the wider NZ market and economy so it tends to (over)react to interest rates and exchange rate movements.
I think that and the end of month rebalancing presented us with a gift this week.
Spark facing the same disease as Telstra? (ASX). Another NZ company stumbles.
I am not sure what 'disease' you are talking about here. Profits were down at Telstra over FY2024 yes. But they were down for a good reasons, and underlying profit was up. https://www.sharetrader.co.nz/showth...=1#post1066803
I hold some Telstra shares, not as a significant part of my portfolio. But more as a 'foil' for my Spark shares which are a core part of my portfolio. I need that 'alternative measuring stick' to keep my expectations real on a company (Spark) where I admire the management and their execution in a telecommunications market that is evolving so rapidly globally. And without 'skin in the game' .at Telstra,, I probably would not get around to reading what the equivalent player in a much bigger market was doing.
So what are Telstra doing that is relevant to Spark shareholders comparing FY2024 results for both companies?
1a/ Mobile revenue at Spark up 3.1%
1b/ Mobile revenue at Telstra up 9.2%
2a/ Capex to sales at Spark: 13,4% of revenue (long run 10%-12%)
2b/ Capex to sales at Telstra: 16.3% of revenue
3a/ Net Debt/ 'normalised EBITDA' at Spark -= 2.1x (target 1.7x)
3b/ Net Debt/ 'normalised EBITDA' at Telstra -= 2.1x (target 1.5x to 2.0x)
4a/ Gross cost reduction at Spark over the year > $60m
4b/ Population adjusted core fixed costs reduced at Telstra over the year by $81m/5= $16m
Last edited by Snoopy; Yesterday at 10:01 PM.
Reason: Work In Progress
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
I've never known these together to be a good sign?
That chart looks more useful with the the 120DMA.
Time will tell I guess, lets check back in 3 and 12 months?
I am targeting a 50% return over 12 months or so. My thinking is Snoopy's 5yr average of 36 cents of pre tax dividends on a share price of $5 is a pre tax yield of 7.2%, which compares pretty well to a 12 month term deposit which are currently around 5.2% and dropping.
$3.59 - 0.14 after tax dividend in 2 weeks = $3.45 effective purchase price
$5.00 - 3.45 = $1.55
$1.55 + 26c after tax dividends in Mar and Sep 25 = $1.81
$1.81/ $3.45 = 52% return in a year.
For reference, Spark was last at $5 in March, all of 5 months ago.
For years now I have called Spark my term deposit as it is an oligopolist utility that is #1 in most of its markets with stable revenue and expenses. It is a defensive stock not a cyclical. I am stunned someone just offered that term deposit at 0.36 / 3.45 = 10.4%
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Originally Posted by thedrunkfish
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