SPK was always going to retrace under $3 based on kiwi brokers trying to downramp to get some commission. SPK's SP should be about $3.40 IMHO based on yield, stats and market projections.
Telcos in NZ and Australasia generally r undervalued compared to others in offshore telco sector: for example, VZ cracked $50, VOD £2.32, BT £4.70, even relatively speaking the sector's dregs like Colt, Eircom and Sprint r doing well.
In Australasia, different story for TLS & SPK, perhaps they r due a rerating to the upside otherwise the market is downgrading based on the pending poverty of Australasians which I think is getting a tad overdone due to Australian pessimism caused by commodity prices temporarily weakening.
Kiwis will revive their love of talking, mobiles and media-streaming/ broadbanding (in spite of CNU), the pessimism can't go on forever, perhaps SPK is the ultimate contrarian play in the Southern Hemisphere.
- Forums
- ASX - By Stock
- SPK
- No love for SPK
No love for SPK, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPK (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.78 |
Change
-0.070(2.46%) |
Mkt cap ! $5.117B |
Open | High | Low | Value | Volume |
$2.81 | $2.83 | $2.76 | $6.309M | 2.263M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 49460 | $2.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 25906 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 41433 | 2.780 |
24 | 146343 | 2.770 |
24 | 141517 | 2.760 |
36 | 126579 | 2.750 |
23 | 239593 | 2.740 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 113195 | 12 |
2.800 | 87261 | 29 |
2.810 | 74844 | 16 |
2.820 | 75093 | 15 |
2.830 | 40265 | 9 |
Last trade - 15.23pm 08/10/2024 (20 minute delay) ? |
Featured News
SPK (ASX) Chart |