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 NZ (SPK) is leveraging up, but we see a path back to covering the current dividend as unlikely.</li><li>The stock has fallen by ~-40% in 2024. We expect continued weak performance from here, and downgrade SPK to UNDERPERFORM.</li><li>The sale and lease back of its Tower assets added an economic &gt;NZ$1.4bn liability. </li></ul>

Spark NZ (SPK) is leveraging up, but we see a path back to covering the current dividend as unlikely.The stock has fallen by ~-40% in 2024. We expect continued weak performance from here, and downgrade SPK to UNDERPERFORM.The sale and lease back of its Tower assets added an economic &gt;NZ$1.4bn liability. 

Spark NZ - 배당금 또는 데이터 센터; 실적 미달

Spark New Zealand

Spark NZ - 배당금 또는 데이터 센터; 실적 미달