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How to buy Spark shares (SPK)

The key steps you need to know to buy Spark shares on the NZX in just a few minutes.

Spark NZ logo

Spark is a telecommunications and digital services company that offers mobile phone and broadband plans to millions of customers across New Zealand. If you’d like to buy Spark shares (SPK) on New Zealand’s Exchange (NZX), keep reading for step-by-step instructions.

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How to buy shares in Spark on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Spark, Find the stock by name or ticker symbol: SPK. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Spark reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Spark, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Spark. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Spark overview and background

Spark New Zealand started life as Telecom in 1987, after the New Zealand Post Office was split into three state-owned companies. Telecom was privatised in 1990 and would split into two separate entities in 2011 — Telecom and Chorus — with Telecom later rebranding as Spark in 2014.

Today, Spark is one of the largest publicly listed companies in New Zealand. It provides services and products such as mobile phones and plans, broadband internet and cloud computing to homes and businesses across the country. Its headquarters are in Auckland.

Performance and company results

Spark New Zealand Limited’s half-yearly report for the FY21 was released in February 2021. Some of the key results announced in this document included:

  • Revenue of $1,796 million (a 1.5% decrease from the same period in the previous year)
  • EBITDA of $502 million (an increase of 0.4%)
  • Net profit after tax of $148 million (a decrease of 11.4%)
  • Free cash flow of $113 million (an increase of 126%)
  • H1 FY21 dividend of 12.5 cents per share

Key details

NameSpark New Zealand LimitedIndustryTelecommunications & Digital Services
Ticker symbolSPKISINNZTELE0001S4
TypeOrdinary sharesDate listed on NZX18 Jul 1991
End of financial yearJuneChief executive officerJolie Hodson
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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