You make some good points. My investment journey started over thirty years ago. I am now at the pointy end, so my time frame is shortening. I don’t have the time to recover from any major drawdown events. Well done with West African Resources, however I don’t think Spark is comparable.
Has the market overreacted to the results? EPS missed analysts expectations by 23%, share price is now down 23% since the release.
Spark has significantly underperformed. Not surprising that sentiment is against it and most indicators showing as oversold:
Shorts, whilst not large, are at their highest in 12 months and ticking higher. This is just another indicator of market sentiment.
The below chart is from Shortman . ASIC also produce a Short position reports table and ASX a Daily Gross Short Sales reported
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- SP dropping below $4.00 hurts
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spark new zealand limited
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1.40%
!
$2.17

SP dropping below $4.00 hurts, page-41
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Last
$2.17 |
Change
0.030(1.40%) |
Mkt cap ! $4.099B |
Open | High | Low | Value | Volume |
$2.18 | $2.19 | $2.16 | $2.500M | 1.149M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3925 | $2.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.18 | 46007 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3925 | 2.160 |
6 | 35829 | 2.150 |
6 | 257716 | 2.140 |
4 | 7121 | 2.130 |
6 | 29210 | 2.110 |
Price($) | Vol. | No. |
---|---|---|
2.180 | 46007 | 6 |
2.190 | 4900 | 2 |
2.200 | 32568 | 5 |
2.210 | 9885 | 3 |
2.220 | 1052 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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