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

Sky Network Television / Equity Bottom-Up

<ul><li>Sky TV (SKT) reported an in-line set of results and guided in-line with our expectations for FY24. But the results mask the distance SKT has covered over the last five years.</li><li>It has achieved the cherished inflection point in subscriber revenues and reported its second year of modest revenue growth.</li><li>Content costs seem to have stabilised (at an admittedly high level) and SKT now expects these to be largely flat from FY24 onwards. </li></ul>

Sky TV (SKT) reported an in-line set of results and guided in-line with our expectations for FY24. But the results mask the distance SKT has covered over the last five years.It has achieved the cherished inflection point in subscriber revenues and reported its second year of modest revenue growth.Content costs seem to have stabilised (at an admittedly high level) and SKT now expects these to be largely flat from FY24 onwards. 

Sky TV - Aiming for a Larger Slice of the Cake