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>Spark (SPK) has announced that it is exiting Spark Sport altogether, effective from 1 July 2023</li><li>The financial disclosure of Spark Sport is near non-existent but we have a reasonable degree of confidence that it is loss making to the tune of NZ dollar tens of millions, or a low single digit percentage of EBITDA.</li><li>In other news — SPK's passive tower owner Connexa acquires 2degrees' towers for ~NZ$1bn</li></ul>

Spark (SPK) has announced that it is exiting Spark Sport altogether, effective from 1 July 2023The financial disclosure of Spark Sport is near non-existent but we have a reasonable degree of confidence that it is loss making to the tune of NZ dollar tens of millions, or a low single digit percentage of EBITDA.In other news — SPK's passive tower owner Connexa acquires 2degrees' towers for ~NZ$1bn

Spark NZ: Spark Sport — Exit Good News All Round

Spark New Zealand

Spark NZ: Spark Sport — Exit Good News All Round