its got good momentum at the moment and div to come
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Is div cut off the 24th?
Thoughts on taking the div or going for the DRP?
Sorry, I see it closed down. I should have Shut The FU, let's put it down to commentators curse. Do people still use that phrase ie "he's batting brilliantly today...oops he out, caught behind" etc.
Ah, its the long term average that counts, there's always the international blips and the natural halt to lots of days of rises! I'm still smiling and will be even if it goes down for a while.
My reasoning a couple of years ago was, Look Tel/Spark has very good gross dividend ratio and inflation and interest rates are declining/staying low.
Its just a matter of time before Tel/Spark shows it is stable/growing again and it will just have to at least double at some stage. Well it strung me out for a year or so but eventually it too could not resist logic and gravity!
Technology amazes me now and again..
Just think..nearly all NZ internet data going global goes through the fibre optic cable at this size shown below
http://upload.wikimedia.org/wikipedi...ection.svg.png
In the cross section diagram shown:
- Insulating high density polyethylene (17 mm)
- Copper tubing (8.3 mm)
- Steel wires
- Optical fibers in water resistant jelly (2.3 mm)
This is the cross section of the Southern Cross Cable owned by Southern Cross Cables Limited the shareholders are (Spark NZ (50.01%), Singtel/Optus (39.99%), Verizon Business (10%)..
Yep...it those little dangly bits at the end that carry nearly all of NZ's data.....Worried about it being too small...no worries ... Initially, each inner cable had a bandwidth capacity of 120 gigabit/s after many technology upgrades later the total system capacity is now 3.6Tbit/s, Wikipedia
Always wondered how many other fire optic cables lie on the seabed around the world...see the submarine cable map 2014
Enjoy :)
Hoop
Wow, I didn't realise that cable was so small. Great map.
A close relative went from school to the post office, Telecom, an honours degree from Canterbury, A scholarship with General Electric in the UK and back here where he went right to the top and now retired, spends yonks every year overseas at conferences and has probably forgotten more than most people will ever learn about this field. He was the one who advised me right from the start with Chorus to take the money and run. I did and it's still parked in the garage. I still dont get on with him but I listen to what he has to say in this field and decide for myself on investments. He still wonders why his sister married an uneducated Irishman - fifty years after the event. Especially one who has drunk as much rum as I have in the last few hours.
Looks like a bit of a drop in the price in the next few days? or am I being pessimistic. I would like it to drop 10cps or more before the div.date. There are still fortunes to be made out there. A breakfast of pork sausages, eggs and stirfry veges has just returned me to sobriety on a sunny Hawkes Bay day. But no chainsaw "till after lunch - just in case.
OOPS! Pre-market sales are as high as 313.7cps at 9.30 am although registered bids and asks are around 308 cps.
Hmmm, didn't work that way, perhaps a broker could explain why.
It means that some silly sod has egg all over his face for paying 313.5 per share for SPK when he could have got them for 306 per share if he had managed to wait half an hour or so.
You're living the dream main man.
I'm happy that the share price is tanking a little before the payout. Good for my dividend reinvestment plan. Feel for the people that went balls deep at $3.15. I bought Telecom shares at $2.61, my first purchase of shares since 1987, just before the XT debacle. Been there, done that.
Getting down to my price at last! I would like 288cps but thats as unlikely as Dotcoms knighthood - still, worth the wait.
The buyers at $3.15 will get close to 5.5% net yield better value than some bonds so they won't be too despondent, might be $3.20 next week who knows?
Tim23, does that include the effect of Spark's dividends becoming 100% tax imputed in the future?
Not ex div yet are they ?
No. But an 8cps drop in the price this afternoon is hard to explain? Anything to do with the zillion dollar fine hanging over Yahoo? someone out there must know something. I bought a pile at 304 for my son this morning, then up it went. Came inside for a rest from digging up the septic tank with the intention of buying in a pile more if it came back to 304. Thought I had pressed the wrong button when the price came up. By the way, Blockhead, how are things in Geraldine? Had a mate down that way many years ago, Chum Barton was his name - like fifty years ago.
Geraldine is just fine, worthy of a stop next time you are going through. Have been here on and off for more than 50 years, did know some Bartons in the 60's but they were out on the Plains.
shoite, they are still going down, might get a wee top up
http://www.nzherald.co.nz/business/n...ectid=11326405
not a positive news for yahoo xtra which is owned by Spark
Does Spark have any liability here?
- It was a joint venture between Yahoo!7 and Telecom New Zealand. Yahoo!7 held a 51 percent stake in the company and Telecom NZ held49 percent. Because Yahoo!7 is a 50/50 venture, Yahoo! proper was therefore a 25.5% owner of Yahoo!Xtra.
Source from: https://www.google.co.nz/search?q=ya...hip&gws_rd=ssl
Possibly you are barking up the wrong tree....the index is down 49 and the Aussie one is down 35. The election is on Saturday....those who treat Spk and Fletch as proxies to invest in NZ Inc and or the NZ dollar will be very restive about bad results on Sat such as a hung Parliament or a switch to a Labour led coalition of 5 parties and want to sit on the sidelines until it clears up.
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).
More bad news for SPK
http://www.nzherald.co.nz/business/n...ectid=11337716
Jim, I couldn't open the link. When you say "more bad news", what was some of the other bad news?
Edit: sorry I can open it now. Phew, I thought it might have been something that was going to have a material difference on the share price. Never great to read about a dissatisfied customer but not everything is going to go smoothly in business no matter how hard a company like Spark tries.
Just a storm in a tea cup actually. Bad publicity alright but every now and then SPK gets a good publicity too. Like that endorsement from the Whale Oil lately :).
No, it should not materially affect the sp. SPK is spending a lot more now on their software changes and how it will play up in the end would be really material to way they compete for customer grab.
TBH this sort of issue can and does happen with other Telco's. I've been involved in sorting out similar incidents with both VFNZ and Spark and the cause can be complicated, especially when customer expectations and usage patterns do not match that which was initially agreed to.
Sometimes products do not work as intended (we had significant billing issues with Gen-I Mobile Office) but an amicable settlement was eventually reached without needing to go to the media.
The great mystery for me is that on Monday of this week I was able to purchase a large parcel @ 288cps that I promptly returned to the block at 293cps. All day (Tuesday) the price stayed well below my figure then at the very last minute, shot up to 205 cps and mine sold. I have no objection to a handsome profit but my initial purchase price was half a cent lower than any published buy figure and the price I sold at was 2cps above what I was asking. Now, at close today, the price shoots up again? I know that the market is a funny place at times but I would love to know what I am missing.
How do you make a quid out of buying @ $2.88 and selling @ $2.93 ?
Surely your broker is the only one coining a $ here ?
You are correct, I use ANZ, just did a buy for 50,000 @ 2.50 and cancelled before I followed through.......$529 brokerage on $125,000.
Might have to get into some larger trades, now where has Mrs Blocky got the life savings stashed ?
The actual buy was $86,400 and the sell was $88,500 less a pair of fees approx. $350 - a net gain 1750. $500 0f that is tax - maybe. I'm still no wiser about last minute inflated buys? Or how someone buys mine 2cps above what I ask? The large amount is life savings and I keep ALL my eggs in one basket. I used to play draw poker when I was younger.
Todays s/p $287, anybody want to put their hand up for buying.
nah, I bought at 2.98 and then again at 2.95 through the dividend reinvestment scheme. That's enough for me just now.
Imaginary charting ones....
For the past week or so there have been significant buys, right in the last minute or so of trading. Yesterday I was sitting on the screen with a sell order at 289 cps at a minute to five and suddenly they sold, alonwith a lot of other sell orders.I had noticed this pattern earlier, last week sometime,and decided to stay with depth at closing. It seems to me that someone with very deep pockets knows more than I do and must now be a major in this security. What are the possibilities with SPK related to takeovers? Is someone out there feathering a nest with insider knowledge?
Our posts was when SPK rose up from 293.5 to its short term peak of 2.96 on this Imaginary Chart below...Thats why.. "me ol mate"... I don't buy on TA sell signals ..I leave that Investing Strategy of making Capital losses to you
http://bigcharts.marketwatch.com/kaa...045&mocktick=1
I bought for 285cps yesterday, or was it Tuesday and sold for 289cps. Bought back this morning for 285cps. Even allowing for 30% tax, it's the best way of making a living that I have found. My biggest fear is that there might be a bid for the company when I'm cashed up, You can trade on a downtrend, if you have the balls.
It was nice to go into a long weekend with the share price at $3.11. That's a 12% increase over the last two weeks. Everything seems red hot at the moment.
Interesting, thanks for the info
I notice spark is having issues with there email again last 2 days wonder if this has to do with the price drop - co-incidence?
New highs with more to go hopefully
I'd had enough of vodafone. Calls get answered o'seas. People who couldn't even understand what you are saying and then cuts you off. Poor customer service, expansive name a few. Few yrs ago had my phone hacked, hackers stored their number in my phone and automatically dialled from my phone. As I had account with vodafone, I managed to see very month these charges to exotic places that I never called . Upon enquiring with vodafone, they put the blame on me. Even the management were very arrogant and rude. Decided to change providers very very happy with new provider. My kids with spark...well worth the money.
Spark investigation team are looking into my complaint re above post let's hope they come up with something meaningful.
With quite a substantial SPK employees being let go on the latest restructure, we should'nt be surprised that some unexplained procedures such as this would not happen. I got at least 12 close friends (Develovers, Architects, Testers and support folks) in the company that were impacted by the latest cull.
Turns out my midnight wakeup call from Spark was spam and not actually from them even though they were trying to sell Spark mobiles so I've removed my original post now that I've cooled off and looking forward to a better nights sleep. PS-Im hoping the Spark share price gets a wake up call soon as its starting to look a bit hammered (Getting near oversold levels hopefully)
Inflation and interest rates go down, Spark's dividend goes up, result Spark's shareprice is hammered.
Time for a good laugh at the stupidity of investors.
very quite here, any thoughts regarding today's announcement? me think SPK will not easy to pass their claimed 60m extra cost to customers, they may have to cut divvy payout from forecast FY15 18c to 15c or even lower.
Looks like it could be a difficult day for Spark...an awful lot of sellers lined up there and not so many buyers.
Maybe it's time for that economic backwoodsman McDunk ("Duncan MacGregor") to reappear from the woods to say "I told you so", even though he did no such thing. And for Troyvdh to emit more brainless animal noises.
But I suspect that the very competent Simon Moutter is very busy consulting and taking effective action. I back Simon to see us through.
http://www.stuff.co.nz/business/indu...to-sparks-woes
"Forsyth Barr is expecting Spark's share price to drop significantly, setting a $2.40 price target for its shares."
Possible?
Gee major...you must be desperate for mail if your having to invite me back again....so just for you
...whoof..WHOOF...gnarl...whoof..........
Thoughts on this current down trend TAers moving through the MA100 about now?
Sometimes the charts really aren't all that helpful, like now with a major re-calibration in the Telecommunications sector. If one had been trading on TA, they probably would have quit SPK at around $3.20 when it broke down from the short term uptrend starting 16 Oct. Ditto for Chorus, one might have used the charts to buy around $175 late Sept, when it broke up through long term horizontal resistance, however right now the chart isn't particularly helpful for either, as SPK and CNU are both re-calibrating - not for 'technical analysis/chart' reasons. JMO, cheers.
Im wondering if people are selling down spark and moving to cnu since it is looking "better". Spark/Tel has had its bull run since January, now time for the traditional Christmas collapse... opps I meant Summer siesta
I got out at $2.90 for a 10k loss basically hit 10% down so that's a big enough stop loss. My gut tells me Spark will be facing a lot of uncertainty over the coming months and I'm picking an earning guidance downgrade, if there is a downgrade I think I'll be buying them back significantly cheaper ,more than 10k cheaper and at least I can use the money rather than fretting. I got my timing wrong with this purchase for the first time with Spark and decided not to do my usual and just sit on it forever.
I too sold out today at $2.92. With a purchase price of $2.34SPK has been kind to me so far, but the future does not look as rosy. Depending on future guidance will look to return prior to the next dividend
Spark chief executive Simon Moutter says the company will finalise price rises within days
http://www.stuff.co.nz/business/mone...ds-price-rises
An interesting move by many Internet Service Providers.
Orcon are busy removing peoples connections from Spark, and taking ownership so they can provide the telephone service through their own internal systems.... seems that historically Spark was somehow charging the ISP's when someone had a phone with spark but internet with someone else..
Spark seems to be loosing actual telephone connections(paying subscribers), along with the growing trend for Naked Broadband that is now common amongst younger people, as they are all cell-driven.
Perhaps Chorus (the actual infrastructure) may play a more important role in the future
it is a positive move for shareholders, but not for customers.
Notice he said the price increase won't cover the whole loss of income plus the possibility of backdating, hot potato anyone? plus the splinter groups jumping in on the bandwagon again like they did with chorus last year. The whole ComCom overkill game playing regulation thing is just pathetic and makes us look like a joke to overseas investors, I'm just so over it that's for sure.
Spark and Chorus are quite different company, Chorus is fully regulated, and Spark is not, Spark can (even though not that easy) pass their extra cost to customers, even maybe part of the cost, so should not expect SPK share price to drop as much as Chorus did.
What a sham this is. Companies saying they need to increase their pricing, yet their input costs are falling significantly (14%), just not by the windfall 23% they were expecting.
Any excuse to raise prices on a captive market seems fair game now. Very similar to the NZ petrol market
What has comcom actually acheived here?
Outwardly it appears they have scored an own-goal and given the telco's an excuse to raise margins.
Relax ..raising margins is something every profit driven enterprise is designed to do...the market place and Commerce Commission will work the way they should and find a balance between return on capital and consumer protection. Easy to focus on one perceived anomaly but much more pertinent to look at the big picture.
The whole uncertainty around this backdating thing is the main issue to me, if it goes back two years rather than just to December 1st then that's going to have a massive impact on Sparks bottom line from April forward. Off course it may go the other way and the FPP may come back a dollar or so which would be bad news for Chorus.The whole situation was completely avoidable if the ConCon hadnt be so intent on playing their power games in the first place by setting the price for Chorus at that ridiculous $34 level,even if Sparks SP goes back over $3 short term until April comes and goes there's just too much uncertainty IMO and I'm staying out of both stocks.