might be breaking out
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might be breaking out
It's a mighty fluctuating battle between the solid, sensible, NZ value dividend investors and the international "China is crashing, we're all gonna crash"/Spark is the proxy for NZ Inc/doomsayers/shorters.
A fascinating ebb and flow.
Seems awful close to the number - tomorrow - for such a poor price. I hope this isn't a flood of insiders rushing for higher ground. I was fortunate enough to trade my way to quite a good profit in recent weeks. Nothing is making sense, even my chainsaws are giving me the run-around and the horses are just as bad. Must be the year of the donkey.
Yeah big day tomorrow. And Chorus on Friday. Do you still have that car you bought with all those Chorus shares?
Agree it's very hard to understand on a rational basis. Maybe tomorrow has a nasty surprise :-(, if not some speculators are going to look rather silly. SPK have not changed their guidance so they'd be in trouble with the NZX for not keeping the market fully informed.
Also hard to understand why Chorus is trading above Spark when the article I read projected a dividend payout for CNU very significantly below SPK.
Yeah I read that article too. I guess people are expecting some sort of catch up dividend for the past two years; plus Chorus has made over 100 cost saving measures; oh and premium fiber is now flying off the shelves. High revenue earning products. So much so that they can't keep up with demand.
Still got the car and it's probably more reliable than Chorus shares. Problem with physical transmission, wire or fibre, it is always just one blink away from redundant, but then what isn't these days?
Yes, so true.
I suppose there is another reason - milk prices went down a bit overnight overseas; milk = NZ Inc so sell anything NZ even if its in a totally unrelated field. Probably why FBU went down too in spite of posting a good result.
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Good news
Net profit up 9%. Dividend 11cents plus 1.5c special.