I think now it is when the shorters will come to the party and drive the price further down...
They are selling some assets... not sure what is the impact on the underlying business.
“We are reviewing all non-core assets to determine if Spark remains the best owner, or if divestment or partnerships will deliver greater value to shareholders while further strengthening the balance sheet. We have made the decision to divest our shareholding in mobile towers business Connexa, and while a transaction is not yet certain, the strong levels of interest we have received is reflective of the high quality of the Connexa business. We will provide a further update on the review of noncore assets at our interim results in February, or earlier in the case of any material developments."
In summary, I believe some pain for the short term and better tail winds in the medium term...
SPK Price at posting:
$2.71 Sentiment: Buy Disclosure: Held
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