Spark Goes Agile with Quantum Implementation Costs
The acceleration of Spark New Zealand's Quantum program has no bearing on our NZD 3.70 fair value estimate (AUD 3.40 at current exchange rate).Granted, the heightened intensity in its execution and the rollout of "Agile" operating model will lead to an additional NZD 25 to 30 million in implementation costs in fiscal 2018, bringing the total to NZD 50 to 55 million this year. However, the amount is within expectations and mostly represents a bringing forward of expenses which would otherwise ha...
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.
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.
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