I don't understand. Can someone help me understand why SPK announcement of increase in profit, revenue, and dividend payout has affected share price drop by -3%?
Am I missing something or have I read it wrong?
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I don't understand. Can someone help me understand why SPK announcement of increase in profit, revenue, and dividend payout has affected share price drop by -3%?
Am I missing something or have I read it wrong?
EJK the great mysteries are there to confound us. I just got back from delivering a load of firewood, expecting the price to be near the 370's. I sold a large block at 365 two days ago and hoped for a drop of five cents so that I could buy back and make a few hundred dollars but last night I was sure that I had stuffed up - again. Then my surprise that my wish had come through while I was out in the rain. I went to the investor centre to find out what had been announced only to find I can only get last years figures. I will go elsewhere and hunt for answers. still $729 in 2 days is not bad.
A worthy question, oft repeated with Spark. Fortunately, for you and I, most of Spark's shares are held overseas and as a very minor part of their owner's total portfolio. This means that those owners are oblivious to good results and good dividends and nearly totally concentrated on the movements and coming movements of the US dollar, interest rates, the euro, the Chinese economy &&.
Fortunate, because for perceptive NZ shareholders who are concentrated on good dividend yields as an essential part of their income to live off, Spark fits the bill nicely and we can sail on blithely oblivious as to whether Trump has been caught again in flagrante delicto (with his pants down), Volkswagen has been caught cooking its emissions books, Marine le Pen has been elected, North Korea has successfully fired an ICBM, China's inverted pyramid of mountainous debt has come crashing down, the Pope has been caught with a choirboy.
Celebrate, mate, forget the rest!
I had a little look around EJK, apparently the NZ dollar has broken downwards through some silly 3 week "technical" resistance chart so all the overseas holders of Spk will be thinking the US dollar value of their Spk holdings has fallen/is falling significantly. Also Auck Airport and Fletcher have both fallen significantly. AIA, which is the nearest thing to a sure bet in NZ unless there's a big volcanic eruption in Auckland and most of Air NZ's jets crash simultaneously has fallen 13 cents! Make that fallen 16 cents!
So, time to get your Bible, get under the bed with a flask of coffee, put on sackcloth and ashes and read Revelations under the bed for the rest of Thursday....
However, Sulphuric Acid, the result was in line with Spark's guidelines and a bit better than guidelines so there's no surprises. I'm just going to see if you have posted the same comment on the AIA thread to see if you are logically and factually consistent.
just a reflection of how out of favour nz shares are at the moment.
Telstra result was pretty bad as well so the whole sector is getting a hiding
Well, no sign of any comment on the AIA thread by H2SO4. Very telling.
I consulted the NZX re SPK and AIA. Here's results; AIA a P/E of 31.200 and a Gross Dividend Yield of 3.535%.
SPK a P/E of 18.350 and a Gross Dividend Yield of 9.359%.
So which share price is too expensive H2SO4? Obviously AIA is yet you have made no comment on the AIA thread to that effect.
Are we to conclude that you are one of the small band of irrational Telecom haters then?
I wonder who knows the name of the Wall st pundit who said "sometimes the market does something so stupid that it takes one's breath away.";)
A chocolate fish for the correct answer.
Agree...
NZX exposure to the global markets is limited to a few stocks with big enough market cap and liquidity.. SPK is one of those few..
Long term...Telco's in general (global) looked to had risen too high in the middle of last year and been cooling off since then.. Looking at Telstra results now and using hindsight that share price bump last winter is now considered too high as well.
Short term..Swings and roundabouts last winter's good shareprices is now late summer"s ****storm...Investors see better opportunities elsewhere...
Agree...
NZ Market is well down the list with this latest global rally....A falling NZ$ reflects weak demand for NZ dollars so not surprised to see a laggard NZ Equity market.
In the short term investor sentiment rules over fundamentals..It could be raining gold bars from heaven event and if we all complain it not enough then we all would be pessimistic/suspicious about that event...Animal group behaviour sometimes resembles this weird behaviour..... In the Long term the shareprice usually reflects fundamentals..but the crunch is, by then the fundamentals may have changed for better or worse.
I agree..A company that has no growth (past history -ve growth) a PE of 17 or 18 could be seen as too high....The Telco sector has lower PE's e.g Telstra's PE is 10.5 and it got wacked big time today
AIA PE should always be a lot higher than SPK.... Growth companies normally have higher PE's than low/-ve growth companies..
Is AIA PE 30 more expensive than SPK PE 17?....I think so, but not by much....
I stand corrected but off the top of my head SPK historically runs around average PE17? AIA averages in the 20's?
However when it comes to where the shareprice has come from AIA a growth stock has risen in shareprice +1600% (without adding div) since year 2000.. SPK with chorus chopped off -50%...It's the higher yield div that keeps SPK in play..also.. up to now it was (?) an increasing NZ$ capital play with overeas investors.
Also ,,, MVT..play nice to your fellow ST members, we all have different views and opinions..debating is fine but we should all be able to express our view right or wrong without receiving unnecessary hostile comments in return
I've been daytrading 34000 spk for a number of years and I'm happy to continue. only about half the lot are mine, the rest are on behalf, but it keeps me fat and happy. they are currently on the market at 370 - that is the price I would take and lose the dividend. Don't tell me I won't get that price - I know that - it's just a safety valve that allows me to cut trees drink alcohol and back slow horses without having to check the market every five minutes