Brokerage Forsyth Barr has downgraded forecasts for nine of
the 19 companies which have posted their full-year financial
results in recent weeks, updating its earnings per share
Forsyth Barr is staying with its buy recommendations for
shares in both Contact Energy and TrustPower, despite about
$413 million being wiped off the combined value of the two
Broker Forsyth Barr has released an iPhone app that lets
investors keep track of recommendations generated by the
company's research department.
Forsyth Barr has downgraded The Warehouse shares to reduce
following the retailer's acquisition this week of the Noel
Leeming Group for $65 million.
The acquisition of Farmside by TeamTalk appears to add value
to TeamTalk in its own right, plus it has a strong growth
story to tell, Forsyth Barr broker Haley Van Leeuwen says.
Forsyth Barr broker Peter Young expects to keep a positive
investment view of SkyCity Casinos despite the company
yesterday indicating a sluggish start to the first half of
the financial year.
Forsyth Barr deputy chairman Michael Sidey came face-to-face
this week with some personal history - the return to the
sharebroking firm of a desk belonging to his godfather Robert
Auckland International Airport (AIA) is expected to be a
major beneficiary of the Rugby World Cup later this year and
the results are expected to flow on to the 2012 financial
Investors returned to sharemarkets last month with most
indices showing positive monthly returns.
Southern broking house Forsyth Barr's lead management role in
failed Credit Sails bonds is being investigated by the
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