Forsyth Barr MST Access Research

20 articles

27 Oct 2026 / Forsyth Barr MST Access

2Q27 Update Waiting on the New Lines

ikeGPS (IKE) delivered a soft 2Q27/1H27 update, reporting group revenue 8% below our 1H27 estimate. The miss reflected slower-than-expected Subscription revenue growth, driven by contract…

23 Oct 2026 / Forsyth Barr MST Access

FY26 Delivers, Investment Grows for FY30

Scott Technology (SCT) delivered a solid FY26 result, with operating revenue and EBITDA exceeding our expectations, though first-time FY27 EBITDA guidance came in below our…

12 Oct 2026 / Forsyth Barr MST Access

Less Aussie Sauce Added in 2Q27

PaySauce (PYS) surpassed NZ$10m in annualised recurring revenue (ARR) for the first time in 2Q27, growing 11% over the year. Processing fee growth in NZ…

16 Sep 2026 / Forsyth Barr MST Access

Pruning for Value

ArborGen (ARB) provided a brief update at its 2026 ASM, confirming a US$8.8m debt reduction following the sale of its Ridgeville US head office (announced…

11 Sep 2026 / Forsyth Barr MST Access

More Capacity, Less Conversion

General Capital’s (GEN) lending subsidiary, General Finance Limited (GFL), delivered a softer-than-expected 1Q27 update. While funding capacity continued to grow, loan receivables and earnings declined…

1 Sep 2026 / Forsyth Barr MST Access

A Bacterial Growth Story

BLIS Technologies (BLT) has spent more than 25 years developing the science, intellectual property (IP), and regulatory access behind two oral probiotic strains, BLIS K12®…

26 Aug 2026 / Forsyth Barr MST Access

1H26 Audio Hits a Higher Note

NZME (NZM) delivered a broadly in-line 1H26 result, with Operating EBITDA modestly ahead of our forecast despite total income falling slightly short. Audio remained the…

19 Aug 2026 / Forsyth Barr MST Access

Materials Handling & Logistics In Motion

Following Scott Technology’s (SCT) announcement of c.NZ$20m in new Materials Handling & Logistics (MHL) contracts, we dive further into the domain. The wins span a…

13 Aug 2026 / Forsyth Barr MST Access

2026 ASM—A Much Bigger Radius of Care

Radius Residential Care (RAD) provided details on its ambitious Care expansion plans at its 2026 ASM, aiming to more than double aged-care capacity over the…

13 Aug 2026 / Forsyth Barr MST Access

FY26 Stacking up Nicely

Scott Technology (SCT) released a solid FY26 update, providing first-time FY26 revenue guidance in line with our forecast and EBITDA guidance ahead. The update confirms…

13 Aug 2026 / Forsyth Barr MST Access

A Sound Benchmark for NZME

ASX-listed Sports Entertainment Group (SEG), the Australian sports media company, has agreed to acquire MediaWorks, the principal commercial radio competitor to NZME Limited (NZM), for…

10 Aug 2026 / Forsyth Barr MST Access

Pressing More Out of Stuff

NZME (NZM) has agreed to acquire Stuff’s Petone print-plant equipment to right-size its print production capacity. We view the transaction as sensible: it matches capacity…