Spark New Zealand cuts FY25 guidance
Spark New Zealand (ASX:SPK) has revised its FY25 guidance, lowering EBITDAI to NZ$1,120-$1,180m.
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Spark New Zealand Limited
Spark’s success is dependent on customers in one key market: New Zealand. That’s why we’re passionate about using technology to be truly useful to our customers, helping make our country better and enriching the lives of all New Zealanders.
We believe that digital technology can make a significant, positive impact on our nation’s social and economic wellbeing. Technology can enable stronger, safer, more connected communities – even in the most remote rural areas. It can open more opportunities for our children, regardless of their socio-economic backgrounds. It can improve health outcomes for New Zealanders of all ages and walks of life. And it can enable Kiwi companies to compete – and win – on the world stage and become smarter, more agile businesses by harnessing all the benefits of new technologies.
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News
SPK – Credit Suisse rates the stock as Neutral
The broker retains its Neutral rating and $4.65 target price.
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SPK – Credit Suisse rates the stock as Neutral
The broker lowers the rating to Neutral from Outperform. While the upcoming infrastructure review has potential to be a positive catalyst Credit Suisse does not expect immediate monetisation. Target is steady at $4.50.
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Spark NZ Aiming To Counter The Growth In Fibre
Spark New Zealand has outlined its strategy out to FY23, including completing a roll-out of 5G while expanding its wireless offering and digital analytics.
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SPK – UBS rates the stock as Neutral
UBS has surveyed investors, finding the biggest issue is competition in the NZ telco market. The broker suggests there is a low probability of a dividend reduction, as competition has been more rational in 2019.
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SPK – Credit Suisse rates the stock as Underperform
First-half earnings growth was in line with forecasts, although Credit Suisse suspects the business may be heading towards the bottom end of guidance for FY19.
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