SPK- Spark NZ (TELCO)

[Nasi Goreng]

telstra facing more revenue headwinds from NBN rollout - TPG entering mobile space , more competitors with deeper pockets than in NZ.

Thanks for your thoughts. Makes you wonder if Spark are invulnerable to these things. At 18 x earnings, there is a fair amount of optimism this is not the case.

The 5 year TLS chart tells a big story, it looks like negative sentiment was behind them until August 2015 when the tide turned.