The WAM Leaders (WLE) portfolio is also taking a hit to their performance due partly to the incompetence of SPK management. They summarise SPKs potential from the Feb 2025 investment update:
Spark New Zealand is a telecommunications operator in New Zealand providing a diversified range of services including fixed, mobile, and broadband to consumers and businesses. Its earnings results reflected a softer-than-expected operating environment, with continued weakness in enterprise and government spending amid a challenging macroeconomic backdrop in New Zealand. These pressures were compounded by higher than anticipated operating costs, impacting overall performance. Despite these headwinds, we continue to hold Spark as we believe current market conditions are largely reflected in the share price. The company remains well-positioned to benefit from its cost reduction program and a stabilising New Zealand economy, where we anticipate operating leverage from a cyclical recovery. Spark also remains catalyst rich, with potential upside from its asset sales, further certainty on data centre funding and updates on its cost-efficiency targets.
SPK Price at posting:
$1.81 Sentiment: Hold Disclosure: Held
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