Nothing to inspire any significant SP movement in the latest results other than a flurry here and there by divvy hunters.
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I think there result is pretty good -
if you believe this site they seemed to have beaten estimated forecasts
http://www.4-traders.com/SPARK-NEW-ZEALAND-LTD-6492600/
The company seems to be repositioning very nicely as I say earlier spark is no longer just a Telco as many industries are now converging. media, Telco, ICT all rolling into one
Google the future role of telcos in ICT markets theres a pdf report from McKinsey about how ICT and telcos and how they will evolve in the future.
Spark has big opportunity to get growth in this ICT space and big data also probably thru acquisition I reckon and bolt ons.
Also liked the growth in mobile revenue and the margins, broadband is always going to be difficult as so many can offer the service so maintaining is good.
Be interesting to see where they see there position in the media segment.
Then again if you believe that site, you get a median target of $3.28.:eek2:
Ok guys, I admit it, I'm beaten, totally bushed!
Nowhere can I find the date they payout dividend, presumably sometime in early October 2016.
If anyone can find it please let me know where! as well as when.
cheers,
le Commandant
Can't find dividend ????..
The NZ herald has it
quote...The board confirmed a final dividend of 11 cents per share and special dividend of 1.5 cents, payable on October 7 with a September 23 record date, taking the total payment to 25 cents in the year. Chairman Mark Verbiest said the company plans to repeat that return of 22 cents in ordinary dividends and a 3 cent special dividend in 2017.
The NZX announcements has it (scroll half way down page) PDF file here
Thanks Bull. Hoop and Muppett! I think next time I will go straight to the NZX which is where I eventually found it after the helpful comments here.
Well Spark seems to have exceeded expectations with comments about expected dividends and the progress in IT and mobile. I think all those panic monkeys who sold out in the days/weeks before the announcement must be kicking themselves!
So we'll remember:
The Key Numbers
Operating revenues and other gains $3,497m down 1.0%, up 2.5% once adjusted EBITDA $986m up 2.5% Net earnings before income tax $512m up 6.2% Net earnings after tax $370m down 1.3 % CAPEX $ excluding spectrum $381m down 8.9% CAPEX $ including spectrum $390m down 32.3% Mobile revenues $1,134m up 11.3% IT services revenue $658m up 11.1% Ordinary dividends per share 22 cents up 10.0% Mobile connections 2.293m up 5.3%
The sp has just moved up for the coming div., I say.