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>Chorus (CNU) reported an in-line 1H24 result across the board.</li><li>Greater than 90% of the value of CNU now sits with its regulated fibre assets where the regulatory regime is increasingly predictable.</li><li>The remaining areas of uncertainty relate to: (1) what, if anything, is the value of the copper tail. Management expects that copper will remain cash flow positive — we are not fully convinced; (2) unregulated non-copper earnings. </li></ul>

Chorus (CNU) reported an in-line 1H24 result across the board.Greater than 90% of the value of CNU now sits with its regulated fibre assets where the regulatory regime is increasingly predictable.The remaining areas of uncertainty relate to: (1) what, if anything, is the value of the copper tail. Management expects that copper will remain cash flow positive — we are not fully convinced; (2) unregulated non-copper earnings. 

Chorus - No Surprises, Just What the Doctor Ordered

Chorus Ltd

Chorus - No Surprises, Just What the Doctor Ordered