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) has announced a further NZ$105m (c.10cps post-tax) provision for its troubled New Zealand International Convention Centre (NZICC) project relating to further cost increases and insurance recoveries.</li><li>This provision will be reported as a significant item, as such we have made only minor changes to our forecasts.</li><li>FBU will report its FY23 results on Wednesday, 16 August. </li></ul>

Fletcher Building (FBU) has announced a further NZ$105m (c.10cps post-tax) provision for its troubled New Zealand International Convention Centre (NZICC) project relating to further cost increases and insurance recoveries.This provision will be reported as a significant item, as such we have made only minor changes to our forecasts.FBU will report its FY23 results on Wednesday, 16 August. 

Fletcher Building-  Provision-Ja Vu All Over Again