impact is in the next financial year as they say they are hoping to reduce the impact by reducing costs , cap ex etc
Speaking as a former employee, I know for a fact that one thing Spark is very good at is culling the workforce as and when industry/technology permits, and I assume also when times get tough. People that work at Spark don't tend to rest on their laurels for too long, as it seems every six months there's a fresh round of cuts. When I started working there, there were something like 9000 employees. I can't find any figures but wouldn't be surprised if it's somewhere closer to half that these days. Granted some of that 9000 would have been what's now Chorus. But from an investor's perspective, I'd have every confidence in Spark steering the ship quite happily through this situation.
Discl: Don't hold but probably will when the markets settle as a good anchor for any portfolio.
Accounting fancy work on differences between Accounts reporting & IRD reporting, giving rise to
less than 28% tax credits available for attaching to all Divs declared , IMO
Hmm ... share price shot up from the low $4.40s to $4.60+ on Tuesday, and is now dropping back down - $4.41 right now. I can't see any reason why ...
How about the 10's of thousands new investors through Sharesies
Also SPK is one of the limited club which may or may be seen directly affected by C-19 (Okay indirect effects still to come)
and foremost - still a dividend payer, among a sea of cancelled, deferred or no dividend companies..
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Originally Posted by King1212
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