SPK- Spark NZ (TELCO)

[bull....]

Good news

Net profit up 9%. Dividend 11cents plus 1.5c special.

net profit is up due to cap-ex falling by the look of it.
Broadband they lost market share at the bottom end but gained revenue due to higher value fibre connections
mobile good gains customers, but revenue increased due to more hand set sales which could be one off
voice still big declines in revenue but being offset by cost cutting - can only keep cutting so much but voice revenues will continue to decline so still need to buy more revenue?
divs nice

[Zaphod]

"The days of being able to buy cheap mobile phones and pre-paid Sim cards loaded with mobile phone credit may be drawing to a close, Spark says.

Chief executive Simon Moutter said the company wanted to "pull back" from the kinds of promotions in the pre-paid market that led consumers to frequently switch between mobile operators."

http://www.stuff.co.nz/business/indu...ays-spark-boss

Good move IMO. Leave the low value high churning customers to their budget brand Skinny, or to the other players.

[airedale]

I see that the SPK goes ex divi on the 17th March, and the record date is Friday 18th March. On which of those two dates can one sell SPK and still collect the dividend?

[Lewylewylewy]

My understanding is that the ex div date is the cut off date for being about to get a dividend, and the record date is the date that they look at the records to see who to send the dividend out to. Therefore, I would imagine either the 18th or next working day would be the date to be able to sell and still get a dividend.

[Snow Leopard]

I see that the SPK goes ex divi on the 17th March, and the record date is Friday 18th March. On which of those two dates can one sell SPK and still collect the dividend?

You can sell them on the 17th or there-after, if you really want to.

Best Wishes
Paper Tiger

[BIRMANBOY]

This is a useful link for all those questions.
http://www.anzsecurities.co.nz/direc...lossary.aspx#E

[macduffy]

You can sell them on the 17th or there-after, if you really want to.

Best Wishes
Paper Tiger

Quite so. "Ex div" means the buyer buys "ex", ie "without" the dividend.

[airedale]

Thanks guys, once you get the "ex" and "cum" sorted out it is clear. Believe it or not I used to be quite good at Latin in my school days.
I also notice that on the ANZ Share & Bond Trading site that the SP is quoted with EX or CUM around the divi period.

[bull....]

finally could be the breakout cross fingers was in an ascending triangle

[bull....]

target 3.80 if breakout holds from ascending triangle