New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

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.

Equity Bottom-Up

<ul><li>ikeGPS (IKE) has announced a major new Transactions contract, which is expected to generate ~NZ$19m of revenue over the next 36 months.</li><li>The announcement of this contract, which represents ~68% of our cumulative Transactions revenue for FY25, FY26 and FY27, significantly de-risks our estimates over the next three years.</li><li>Transaction revenue is inherently volatile and the key swing factor in IKE's performance. </li></ul>

ikeGPS (IKE) has announced a major new Transactions contract, which is expected to generate ~NZ$19m of revenue over the next 36 months.The announcement of this contract, which represents ~68% of our cumulative Transactions revenue for FY25, FY26 and FY27, significantly de-risks our estimates over the next three years.Transaction revenue is inherently volatile and the key swing factor in IKE's performance. 

Thematic (Sector/Industry)

<div><div><div><div><ul><li>The June 2024 quarter was eventful for New Zealand's listed technology sector, with nine companies reporting results in May.</li><li>Gentrack's (GTK) share price continued its rapid ascent after it reported strong revenue growth in 1H24 and upgraded FY24 guidance.</li><li>Meanwhile, mid-caps Serko (SKO) and EROAD (ERD) reported robust FY24 results that were in line with guidance. </li></ul></div></div></div></div>

The June 2024 quarter was eventful for New Zealand's listed technology sector, with nine companies reporting results in May.Gentrack's (GTK) share price continued its rapid ascent after it reported strong revenue growth in 1H24 and upgraded FY24 guidance.Meanwhile, mid-caps Serko (SKO) and EROAD (ERD) reported robust FY24 results that were in line with guidance. 

Forsyth Barr Technology Digest - Edition 7 — Reporting Season Wrap Up

New Zealand

ikeGPS Group Limited develops and produces location-based measurement devices and accessories to integrate digital camera and laser range finder technologies. The Company offers devices and accessories to capture a GPS location and photo of remote targets, and measures the distance and heights of objects.

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Ikegps (IKE NZ)

IkeGPS - Transactions Back on the Map

ikeGPS (IKE) has announced a major new Transactions contract, which is expected to generate ~NZ$19m of revenue over the next 36 months. The...

Forsyth Barr

Forsyth Barr Technology Digest - Edition 7 — Reporting Season Wrap Up

The June 2024 quarter was eventful for New Zealand's listed technology sector, with nine companies reporting results in May.

Forsyth Barr

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