I've been watching it for a few years and there are two main reasons why it's share price goes down.
a) Investor sentiment is very bullish and people are putting funds into more exciting options. b) Investor sentiment is set to panic - in this case we have seen the odd big-day sell-off in Spark as (I assume) institutions decide they want cash. the most recent of these rebounded the next day from memory.
If we assume the dividend is going to 11c - then the yield (including growth) drops below 6% somewhere in the $1.80-$1.90 range.
I would sell in that range if we got there before the next dividend, or potentially, I would take the dividend and sell if it was still in that range. At above $2 the growth for the next few years is already priced in, but you still carry a certain degree of risk (more associated with the market than the company)
SKI Price at posting:
$1.48 Sentiment: LT Buy Disclosure: Held
