Spark NZ - No Spark
What is structural and what is cyclical? There is no doubt that NZ macro conditions have been weak, so the answer is probably a bit of both.
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Spark NZ - Incumbent Curse — The Broadband Edition
The rollout of fibre to the home in NZ has been a huge success and is a classic case, albeit slow burning, of disruptive technology change.
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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.
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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...
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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...
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