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>It is not easy to disrupt yourself. Many companies have tried, few have succeeded.</li><li>The rollout of fibre to the home in NZ has been a huge success and is a classic case, albeit slow burning, of disruptive technology change.</li><li>Since fibre to the home started ~10 years ago, Spark NZ (SPK) has lost ~15 percentage points of broadband market share.</li></ul>

It is not easy to disrupt yourself. Many companies have tried, few have succeeded.The rollout of fibre to the home in NZ has been a huge success and is a classic case, albeit slow burning, of disruptive technology change.Since fibre to the home started ~10 years ago, Spark NZ (SPK) has lost ~15 percentage points of broadband market share.

Spark NZ - Incumbent Curse — The Broadband Edition

Spark New Zealand

Spark NZ - Incumbent Curse — The Broadband Edition