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

Vista Group International / Equity Bottom-Up

<ul><li>Vista Group (VGL) will report its 1H25 result on 14 August 2025.</li><li>We see a growing tension between these goals, which will likely need to be addressed at some stage.</li><li>Channel check feedback suggests solid Vista Cloud demand, albeit we suspect VGL's onboarding capability is restraining conversion.</li></ul>

Vista Group (VGL) will report its 1H25 result on 14 August 2025.We see a growing tension between these goals, which will likely need to be addressed at some stage.Channel check feedback suggests solid Vista Cloud demand, albeit we suspect VGL's onboarding capability is restraining conversion.

Vista Group 1H25 Preview Could Payments Shift The Plot?