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>Spark (SPK) reported a relatively weak 1H24, in-line with our estimates only thanks to a revaluation gain. SPK maintained its FY24 guidance suggesting a substantial improvement in 2H24.</li>
<li>Voice and IT services were the key areas of weakness while Mobile continued to be strong, albeit in-line with our estimates.</li>
<li>With 1H24 results reported, we now have a ‘clean’ 12 month period without the Tower assets. </li>
</ul>


Spark (SPK) reported a relatively weak 1H24, in-line with our estimates only thanks to a revaluation gain. SPK maintained its FY24 guidance suggesting a substantial improvement in 2H24.
Voice and IT services were the key areas of weakness while Mobile continued to be strong, albeit in-line with our estimates.
With 1H24 results reported, we now have a ‘clean’ 12 month period without the Tower assets. 


Spark New Zealand

Spark NZ - Needs a Big Second Innings