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>Argosy (ARG) reported a solid 1H24 result, broadly in line with 1H23 when normalising for one-offs in the prior period.</li><li>Higher interest costs were offset by solid top-line growth and lower maintenance capex.</li><li>Non-core asset sales are keeping gearing in check, while also providing balance sheet headroom for ARG to progress its Neilson Street redevelopment. </li></ul>

Argosy (ARG) reported a solid 1H24 result, broadly in line with 1H23 when normalising for one-offs in the prior period.Higher interest costs were offset by solid top-line growth and lower maintenance capex.Non-core asset sales are keeping gearing in check, while also providing balance sheet headroom for ARG to progress its Neilson Street redevelopment. 

Argosy - 1H24 Result — Smooth Sailing for Now

Argosy Property

Argosy - 1H24 Result — Smooth Sailing for Now