New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Fletcher Building (FBU) announced the divestment of its Construction division.</li><li>The price achieved is towards the top end of our estimated value range.</li><li>Furthermore, net debt will reduce to the top end of FBU's target range, potentially allowing for an earlier resumption of dividends.</li></ul>

Fletcher Building (FBU) announced the divestment of its Construction division.The price achieved is towards the top end of our estimated value range.Furthermore, net debt will reduce to the top end of FBU's target range, potentially allowing for an earlier resumption of dividends.

Fletcher Building

Fletcher Building De-Construction