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>Ryman Healthcare (RYM), under new management, has stuck to its three main focuses: (1) to deliver IFRS profits before tax and fair value (FV) movements, (2) cash flow from existing operations, and (3) cash flow from development.</li><li>One of the key reasons given for the capital raise was to give RYM room to focus on maximising its cash generation.</li><li>This focus is understandable given RYM's recent history of poor cash generation. It reduces the risks in RYM but also limits the upside. </li></ul>

Ryman Healthcare (RYM), under new management, has stuck to its three main focuses: (1) to deliver IFRS profits before tax and fair value (FV) movements, (2) cash flow from existing operations, and (3) cash flow from development.One of the key reasons given for the capital raise was to give RYM room to focus on maximising its cash generation.This focus is understandable given RYM's recent history of poor cash generation. It reduces the risks in RYM but also limits the upside. 

Ryman Healthcare - Running Ryman for Cash