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>The a2 Milk Company's (ATM) ASM trading update was modestly positive but hasn't altered our view on future earnings.</li><li>The key positive surprise was the initiation of a dividend policy (60% to 80% of normalised NPAT).</li><li>While we expected ATM to announce some form of capital management over the next 12 months, we expected this to occur around the time of a supply chain acquisition. </li></ul>

The a2 Milk Company's (ATM) ASM trading update was modestly positive but hasn't altered our view on future earnings.The key positive surprise was the initiation of a dividend policy (60% to 80% of normalised NPAT).While we expected ATM to announce some form of capital management over the next 12 months, we expected this to occur around the time of a supply chain acquisition. 

A2 Milk Co Ltd

The A2 Milk Company - Milking It