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>Asset Plus (APL) reported a small 1H25 loss, however, the result itself is largely irrelevant, with the market's focus firmly on the sale of APL's final asset (Munroe Lane) and the return of capital. </li><li>The final milestone is the sale of Munroe Lane, which will dictate the size of the capital return.</li><li>Our scenarios suggest between NZ28–35cps (pre-special dividend) should be achievable. </li></ul>

Asset Plus (APL) reported a small 1H25 loss, however, the result itself is largely irrelevant, with the market's focus firmly on the sale of APL's final asset (Munroe Lane) and the return of capital. The final milestone is the sale of Munroe Lane, which will dictate the size of the capital return.Our scenarios suggest between NZ28–35cps (pre-special dividend) should be achievable. 

Asset Plus - 1H25: Waiting for the Wind Up