Spark NZ - Dividends or Data Centres; UNDERPERFORM
The stock has fallen by ~-40% in 2024. We expect continued weak performance from here, and downgrade SPK to UNDERPERFORM.
461 Views
Spark NZ - FY24 Result — Lost the Spark
Spark NZ's (SPK) FY24 result was soft, with ‘other gains’ propping up EBITDAI, but not free cash flow (FCF). The result is unlikely to ease...
454 Views
Spark NZ - FY24 Preview — Likely to Hold the Line on DPS
Spark NZ (SPK) will report its FY24 result on Friday, 23 August. The key focus area will be FY25 guidance: EBITDAI and dividends — we expect both...
349 Views
Spark NZ - Cyclical or Structural?
Spark NZ (SPK) issued an uncharacteristic earnings downgrade, citing cyclical headwinds in both its IT services and mobile device sales.
326 Views
Spark NZ - Needs a Big Second Innings
Spark (SPK) reported a relatively weak 1H24, in-line with our estimates only thanks to a revaluation gain. SPK maintained its FY24 guidance...
313 Views