Stocks Down Under 17 August 2020: Spark New Zealand, Home Consortium, Clearview Wealth
Spark New Zealand: Don’t say price is no object
Dual listed on both the ASX and NZX, Spark New Zealand is one of New Zealand’s largest listed companies. Its history is impressive as Spark can trace its roots back to New Zealand’s Post Office. In 1987, the New Zealand Post Office was replaced by three companies, one of which would eventually become Spark. However, despite its roots as the Post Office, Spark is an innovative company with interesting growth prospects. Unfortunately, when it comes to equities, price is the object and for Spark it’s just too high, in our view.
Also in today's edition: Home Consortium (ASX:HMC) and Clearview Wealth (ASX:CVW).
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