Spark NZ (SPK) has had four major downgrades in less than a year, driven by a combination of structural, cyclical, and competitive pressures—all of which were evident in its very weak 1H25 result.
What is covered in the Full Insight:
Introduction
Recent Performance and Downgrades
Cost-Cutting Initiatives
Capital Management and Dividend Strategy
Competitive and Structural Challenges
SUMMARY
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