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>FY23 settlements slip into FY24: WIN has guided to FY23 NPAT of NZ$74.2m–NZ$82.4m which at the mid-point is -22% below prior guidance</li><li>Softening housing market is likely slowing sales rates</li><li>1H23 results on 22 February: With no debt, NZ$89m of cash on its balance sheet, and a large pre-sales book, WIN is well placed for a softer demand environment</li></ul>

FY23 settlements slip into FY24: WIN has guided to FY23 NPAT of NZ$74.2m–NZ$82.4m which at the mid-point is -22% below prior guidanceSoftening housing market is likely slowing sales rates1H23 results on 22 February: With no debt, NZ$89m of cash on its balance sheet, and a large pre-sales book, WIN is well placed for a softer demand environment

Winton Land: Rainy Days and Delivery Delays

Winton Land Ltd

Winton Land: Rainy Days and Delivery Delays