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>Fletcher Building (FBU) announced that it has agreed terms with the Western Australian government and most builders for a joint industry response (JIR) to remediate leaking Pro-Fit pipes.</li><li>Under the JIR, FBU will fund 80% of the A$150m estimated cost of repairs over five years.</li><li>Although a significant portion, given FBU still believes the leaks are an install issue, it has successfully avoided a product recall and legal action from participating builders and homeowners — a win for FBU. BGC, the largest builder to use Pro-Fit, is not yet part of the JIR and has stated that while it is open to joining it has significant concerns around the quantum and terms of FBU's funding. </li></ul>

Fletcher Building (FBU) announced that it has agreed terms with the Western Australian government and most builders for a joint industry response (JIR) to remediate leaking Pro-Fit pipes.Under the JIR, FBU will fund 80% of the A$150m estimated cost of repairs over five years.Although a significant portion, given FBU still believes the leaks are an install issue, it has successfully avoided a product recall and legal action from participating builders and homeowners — a win for FBU. BGC, the largest builder to use Pro-Fit, is not yet part of the JIR and has stated that while it is open to joining it has significant concerns around the quantum and terms of FBU's funding. 

Fletcher Building

Fletcher Building - Paying the Piper