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>Vulcan Steel's (VSL) trading update highlighted near-term volume and margin pressure has continued to a greater degree than we had forecast.</li><li>The Steel division has seen the largest impacts, with activity declines and competitive pressures the most acute.</li><li>Whilst near-term risks remain, there are signs VSL is nearing the end of the downgrade cycle, with lower interest rates and improved business confidence. </li></ul>

Vulcan Steel's (VSL) trading update highlighted near-term volume and margin pressure has continued to a greater degree than we had forecast.The Steel division has seen the largest impacts, with activity declines and competitive pressures the most acute.Whilst near-term risks remain, there are signs VSL is nearing the end of the downgrade cycle, with lower interest rates and improved business confidence. 

Vulcan Steel - A Long Trek Through the Trough

Vulcan Steel Limited

Vulcan Steel - A Long Trek Through the Trough