Seems to be the main flavour plus a few downrampers with ulterior motives.
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I commented on the nzx thread on the weekend spark was worth looking at on Monday for safe haven
Bull you have proved correct if you buy at $3 say then its 7% plus net ignoring the special divvy so if you sell where do you get a better return?
Agree its performance has been stellar in this market yet most posters have chosen to ignore that conveniently thats why I did!
What a remarkable run SPK is having...from 2.70 odd its shot up and shows little signs of stopping...I wouldn't be surprised to see it reach 3.50 again. Some punters out there are no doubt rubbing their hands in glee. Dividend still in front so of us so no real reason to stop. All the more remarkable in light of current market drops. Its like ...'where is a nice safe place to put our dough"? Cant do better than SPK.
their shops are always busy. Is the yield for this stock 7.75%, is the yield published on the NZX historical? or reflective of new dividends? This is better than any rental, with growth potential. May be a great stock for gearing, any thoughts?
Bought a pile on Thur/Fri for 317.5 hoping it would go up for the div and at the same time looking for a sell price that would guarantee a win/win situation even without the dividend. I didn't expect this rise -20cps in three or four working days. Now I find myself looking at 350 or 400cps. Am I being too hopeful. My wife is no help - she wants the div. @ $2,500 to finance a holiday in Adelaide next month. She can't see that pulling the five grand profit now might be a better idea.
You could of course get to have your cake and eat it to, it goes Ex on the 23/9 so quite possible it may have another dip back down toward the $3.20 ish mark before then, depends how game your are and whether your worried about collecting imputation credits or not. There seems to be quite a lot of resistance around the $3.40 mark.
That's my problem. But I have been doing this for years and I get as many wrong as right. And Just as I was about to take the plunge, it drops a few cents so I think I'll put them on at a higher price and deal with the consequences. 236 looks a good number.
Hi Craic, you could look back and see what the action was like 6 months ago when it topped out at about $3.50 just before divi date. Then with hindsight that might help the forecast. But your crystal ball will be as good as mine. .But don't sell for 236, :confused: 336 is a better number.:)
set it at 340 - its not hard to edit if ther's a rush on. but, not long ago I rushed for the edit button to avoid selling too low only to find it sold anyway - I had forgotten to push the Confirm button.
$3.53 is what it topped out at earlier this year from memory. I think there must be a number of brokers newsletters floating around which recommend it because of its actual and prospective dividends, fully imputed, and forecast. It's only the Chinese shenanigans and the fact that most Spark shares are domiciled overseas that has stopped Spark from bolting up to at least $4. Give it time :-)
The non-technical exec summary of the Review of the Telecommunications Act 2001 is worthwhile reading when you have some time (link below).
http://www.mbie.govt.nz/info-service...ec-summary.pdf
There are a number of aspects that will have a material impact - both positive and negative - on SPK and other telecommunications companies, e.g. Net neutrality, changes to wholesale network pricing methodologies for fixed line services etc.
OOPS! missed the bus this time - had it on at 340 and pulled it because I need to sit on the screen for an hour or so and my still is at a critical stage and had to be minded carefully or my chainsaws are getting rusty or my other half wants me out of the house for some odd reasoning like she wants to do the vacuuming or something of that nature. I'm hoping for a technical solution like some small camera that can watch my still temperature gauge with a wire running to my laptop inside.