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

Warehouse Group Limited / Equity Bottom-Up

<ul><li>The Warehouse Group (WHS) reported a 1H24 that was broadly in-line with our expectations.</li><li>The more significant revelation was that the group has doubled down on its strategic focus on core brands, with the announcement to exit The Market.</li><li>WHS has had a patchy history in acquiring businesses and attempting to grow outside of its key competencies.</li></ul>

The Warehouse Group (WHS) reported a 1H24 that was broadly in-line with our expectations.The more significant revelation was that the group has doubled down on its strategic focus on core brands, with the announcement to exit The Market.WHS has had a patchy history in acquiring businesses and attempting to grow outside of its key competencies.

Warehouse Group Limited

The Warehouse Group - Back to Basics