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

Summerset Group Holdings / Equity Bottom-Up

<ul><li>Summerset (SUM) held a confident investor day focused on its flagship St Johns village, new designs, Australia, and sales.</li><li>In conjunction with its investor day, it announced four land acquisitions, all in New Zealand, and included a visit to what we suspect will be a future flagship broadacre development in Belmont, Auckland.</li><li>The Belmont land parcel will be paid for in part by issuing ~1% of new shares to the vendor, an innovative and sensible funding solution.</li></ul>

Summerset (SUM) held a confident investor day focused on its flagship St Johns village, new designs, Australia, and sales.In conjunction with its investor day, it announced four land acquisitions, all in New Zealand, and included a visit to what we suspect will be a future flagship broadacre development in Belmont, Auckland.The Belmont land parcel will be paid for in part by issuing ~1% of new shares to the vendor, an innovative and sensible funding solution.

Summerset Group - St Johns to Deliver Balance Sheet Salvation?