Ex is March 25th
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I'm a NZ resident keen to buy some Spark, all my money is in AUD though, which I don't want to move back here given the rate. If I buy Spark on the ASX, do the dividends still get paid in NZ under NZ tax rules etc? Sorry if silly question.
The two share prices mimic each other fairly well http://www.google.com/finance?chdnp=...OLS1iALE94GYAw
Whats good about the result exactly?
Seems to be no real growth in phone or internet, and thats on the bck of charging more for internet than nerly every country in the world. How much longer will they be able to get away with fleecing their customers?
Better talk to your broker.
Assuming that SPK have an Australian register - as opposed to merely being listed on the ASX - shares bought on the ASX would normally get registered there although it is usually possible to have them "removed" to the NZ register - and vice versa.
Woof woof gnarl. Gee it would be good if 2 degrees were listed. And slaughter these mongrels
Two degrees has lost heaps of money, is losing heaps more, and will lose heaps more. The discussion in financial circles is whether Two degrees will have continued support from its backers.
Listing?
You are hallucinating.
Further to the above there's a news report in The Press today (and no doubt elsewhere) pointing out that the minor shareholders in Two Degrees are deserting the sinking ship and noting that Two Degrees will probably have to come to an arrangement with Spark or Vodafone to survive. Listing? Haw! Haw!
The big boys in action again today with over 26 million shares changing hands at a value of over $82 million, they own this stock and can drive it either up or down at will I've noticed for a long time now. The charts mean diddly squat as on Monday I watched it go to $3.27 by 11 a.m then it started its desent to where it is now yet RSI and W%R both looked okay sitting around the 50 mark. I've come to the conclusion that charts are generally of limited use if you want to trade this stock and you can do just as well without them especially if you happen to have a cash pile available for days like today. Disc- Holding a good number for the divvy next week
For all of us:
Charts are are as useful as we want them to be.
RSI and W%R are as useful as we want them to be.
Other forms of technical analysis are as useful as we want them to be.
Fundamental analysis is as useful as we want it to be.
:huh: :huh: :huh: :cool: :rolleyes:
Best Wishes
Paper Tiger
Very Profound PT:cool:
Massive volume again today 41.5 million shares at $122 million value must be March madness as SPK hasn't come out of any index, maybe the big boys doing an end of year rebalance or reducing taxable profits.
So it simple to work out - if you compare it to the UK, they have fifteen potential customers to our one. Their longest distance is less than half of ours. This applies to almost everywhere. And that is why some of Sparks much vaunted opposition are not doing as well as some people imagine. If they were fleecing their customers, then it wouldn't be long before they lost them all to the opposition.
I am stay with spark(telecom) since 1995, never think their charge me more compare to other suppliers( not other countries), and service is good and stable.
https://www.nzx.com/companies/HNZ/announcements/262226
SPK be manipulated by those big boys, they buy just for sale or sell just for buy.
Nice drop today. Hopefully will stay in the 2.90 range over the next few days for those of us in the DRP (am I right in thinking that the strike price is based on the average price for the 5 days after xd?)
NO, start from ex divvy day.
"A Dividend Reinvestment Plan (DRP) is available for holders whose shares are registered on the New Zealand and Australian stock exchanges. The strike price for the DRP is calculated as the Volume Weighted Average Price (VWAP) over the five business days commencing the NZX ex date. Management does not intend to buy-back on market an approximately equivalent number of shares issued under the Plan."
Ok thanks Jay and Master. All good (as the kids say). Looks like some cheap (only time will tell) shares are heading our way.
So did the shares go ex dividend today?
So down 7.5 as expected in NZ but down 20 in OZ on the ASX. Looks like they are oversold in OZ.
There's still some big sellers around at the moment, Blackrock investments sold 31million Spark shares over the last while as an example but interestingly they then purchased 21 million SKT shares, the finishing price today would be the first time the MA200 has been breached for a good while (About a year) but it doesn't look like the selling is over on the NZX just yet, actually I didn't expect it to finish down 16.5c from yesterdays close which highlights the selling pressure.
Hi Couta, Excuse me for straying off topic but with all the competition the Sky TV will have to deal with this year from other emerging players in the TV space, I wouldn't be buying them.
Can anyone get into the Investor Update announced today by Spark? If so please paste here or a link to it that actually works!
There are many areas where NZX frustrate. Today is a good example. On my stockness watchlist I have SPK on both exchanges. Click to the NZX ann, it takes me to nowhere except to a roundabout story and a hint that there is a story somewhere else.
Click to the same ann on the ASX and it opens up the story IMMEDIATELY. It is time that the NZX came in to the 21st century.
$2.85, haven't been down here for 9 months by my calculation, where is the bottom ??
At $2.77 is where I would wait to buy some more :p
Pretty good investment at these levels I think. Would have to think there is offshore interest for a relatively stable high yielding stock.
It's all a matter of patience for the long term with value investing. Lots of people have the attention span and patience of a gnat and will rush off to Snakk or high yielding Greek bonds or gold or currency speculation and after 5 months of frantic ADHD then find it is too late to get back in for the next Spark dividend. Pity them.
Just broke $2.80 so obviously long sell down in progress, did a panic sell last year when I went 10% down which cost me 10k( ComCom price adjustment for CNU time) NO panic this time ( Just over 10% down as we speak) just ride the SPK rollercoaster out she'll go up and down forever and a day anyways. Actually my panic sell was the only time I have ever lost money on this stock. Disc- Holding Heaps
another buy at $2.8.
Topped up early today @ $2.86, if just I had waited till days end I could have saved myself $480
Actually I am but bought most of my holding pre divvy when the charts didn't look so bad but this sell down started from the big overseas boys and you never know when they may strike ,but like I said at the end of the day it doesn't really matter this rollercoaster will head back up again at some point and in the meantime we get to clip a nice divvy ticket along the way so all good:cool:
If you look around you'll see that the other majors (well the ones I quickly looked at) have also been hit. The trouble is Spk is used as a proxy for the NZ dollar and NZ Inc, instead of buying NZ dollars they buy Spk and then take profits or run from possible trouble. I suppose they make marginally more profit than making losses on that activity but they must get caught out quite a bit....
The chart is really ugly atm. I've been looking at the Aussie chart and its crossed 200 day, 3 black crows in the last 3 days which is big sell signal.
There is not much supporting it and I'm wondering if one analysts call of it reaching $2.40 is on the cards.
Can't quite think it would reach there though... Yield players should hit this soon.
That was the case in the "old days" but I wonder if it still applies to the same degree, particularly since the split from Chorus and the listing of the electricity gentailers? I guess the movement of shares in and out of the big nominee holdings of these companies as disclosed by SSH announcements would offer a few clues.
sold out a while ago it had a nice run but lots of emerging threats appearing to there business another one here as google have just announced they are entering mobile plans test pilot in us then roll out to the world just like there other products.
http://www.theage.com.au/business/co...23-1mrr4c.html
Gee at $2.80 the net is 6.4% that's pretty handy, I still hold for yield.
Well good luck with that - it will mean all your other stocks will have been beaten to hell and SPK will be at an all time low!
not me here it is:
http://www.nzherald.co.nz/business/n...ectid=11438076
Spark's market cap slips, as investors weigh increased competition
"Uncertainty is one thing that share markets and share prices do not like," Smalley said. "Until that uncertainty is removed, you might see continued selling."
I believe it makes more sense to keep employees happy as opposed to you.. As far as I'm aware they actually do the work and generate the profits. You on the other hand do what? Many workplace studies show happy workers are more engaged and enthusiastic and participate more fully in the business.
Are you under the misapprehension that these are sweat shop workers in Guangjou or Mumbai? These are in all probability, well trained, above average intelligence, educated and aware people who could probably walk away and get a similar job anywhere at any time. The assumption that employees owe the company and should kowtow to management is a shallow and outdated way of thinking. To retain top staff and well trained employees often requires extra incentive...employee share purchase options are just one of the many things that are used. In a different time and different country and in different work environment your theory is possible. But not here.
Off topic, but can anyone suggest where I can find the share price of Telecom on 22nd June 1999 please? Taxes )-:
$6.98 close
http://markets.ft.com/research/Marke...mary?s=SPK:NZC
All care/no responsibility
Up 3.3% today, that's a good lift. Punters looking for a yield source or something else ?
Note that subsequent capital returns, including the floating off of Chorus, were all particpated in by shareholders in Telecom holdinng shares since 22nd June 1999. Shareholders who have bought into Spark since the name change have not had those capital returns.
SNOOPY
So, as a trader,how high can I go tomorrow? $3? Or hang in for a bit more?
What's the chance of a lift in dual listed yield stocks today ?
Oz interest rates getting lower and lower
Do you have an option if you want to keep your landline and have Fibre or does the fibre connection take the copper landlines place end of story
I note it say if the power goes off no internet (obviously) but no phone either - can't call 111
Granted most people will have a mobile as well, but...
It (Fibre) is at least a couple of years away in our area even though the Fibre goes to their cabinet around the corner - must be where it stops at present
Anyone have an explaination or any thoughts on the current downwards trend?
My feeling is that downtrend is slowing and a base is forming. Last year they increased the divi from the previous year. They are unlikely to decrease it this year, more people are consuming more data. An increase in divi this year is possible. I think that it is a hold.
The upcoming ComCom decision on the final copper pricing is also weighing on the stock, no one knows whether it will end up favoring CNU or SPK, worse case scenario for SPK would be an increase in the draft price plus backdating. Disc- Holding heaps at large paper loss currently but definitely a long term hold in my book.
The way things look at the moment, $2.40 looks more probable than $3.
Sold out yesterday at 275 and put a buy in at 272 to make me decent profit. Have edited that twice so far, downwards and currently at 265. I'm not sure of a reason but uncertainty alone, related to the ComCom decision is enough. The banks, the big shareholders, will be happy to soak up any real surplesses so a range of 230 - 240cps is where I see the bottom line.