The case for an NZX short-selling register

Spark shares have lost 25% of their value in six weeks. Why? (Image: Getty Images)

Thu, 03 Oct 2024

The second-worst performing stock on the NZX over the past month was Spark.Since announcing a weaker-than-expected profit on Aug 23 and raising its final dividend despite not generating sufficient cash flow to cover a payout at the old dividend rate, the share price has plummeted.As of writing Tuesday morning, Spark shares were trading at $3.01 and showing every sign of going below $3 a share for the first time in a decade.Why?There are a number of possible explanations for this.Is it that a long-standing consensus about Spark’s generous...

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