Other than the fact SPK still offers a reasonable % return as a div, what do you suspect is pushing it forward at the moment, nothing has changed to be expecting better results than those forecast.......or has it ?
Other than the fact SPK still offers a reasonable % return as a div, what do you suspect is pushing it forward at the moment, nothing has changed to be expecting better results than those forecast.......or has it ?
Just that punters all over the world are happy as a sandboy. Got to buy things, anything
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Stability. In the years I have been with this one I have heard all the reasons that spk was about to go down the tubes - 1,001 reasons that it was about to be run into the ground by its competitors - and it hasn't happened. Idiots like me have made good money trading the share. This place - NZ - is one of a very small number of stable western economies at the moment and there are fools like me looking to protect their assets. "Finding" the Sparks will always cause a disproportionate response.
spk very cheap on forward fundamentals grossed up yield over 7% pe 18 is cheap compared to overseas telecoms of around 23 - 24 and with an improving financial and business turnaround a no-brainer really and factor in low interest rates for a long time where else ya going to get this yield from a steady as ya go company.
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Originally Posted by blockhead
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