Morningstar - Spark New Zealand Limited (SPK) More Spark in Sparks Opposition to Sky-Vodafone Merger Than in its First-Half Result

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Morningstar

Brian Han

EUR 101.80 For Business Accounts Only

More Spark in Spark's Opposition to Sky-Vodafone Merger Than in its First-Half Result

While the 4.0% stock price slump suggests otherwise, narrow moat-rated Spark New Zealand's first-half fiscal 2017 was unremarkable. The 3.5% lift in EBITDA to NZD 471 million shows the group is comfortably on track to meet the 0% to 2% growth guidance for the full year, while the interim NZD 0.11 ordinary plus NZD 0.015 special DPS were also as expected. However, the negative reaction to the result has brought the stock back broadly in line with our unchanged NZD 3.60 fair value estimate (or AUD...

16/02/2017 13 EN

Underlying

Spark New Zealand Limited

Spark New Zealand of New Zealand is the supplier of telecommunications and information, communication and technology (ICT) services in New Zealand and Australia. Co. provides telecommunications and ICT products and services, including local, national, international and telephone services; mobile services, data, broadband and internet services; information technology (IT) consulting, implementation and procurement, equipment sales; and installation services. The Co.'s portfolio of IT services include Cloud computing services, managed IT services, IT outsourcing, IT software and hardware procurement, and professional services to assist organizations with business and technology investments.

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NZTELE0001S4 NZX New Zealand

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Brian Han

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More Spark in Spark's Opposition to Sky-Vodafone Merger Than in its First-Half Result

Spark New Zealand Limited : 1 director

With a more favourable environment, SPARK NEW ZEALAND improves to Positive

SPARK NEW ZEALAND LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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