We do not provide Target Prices or recommendations to Buy or Sell shares at specific prices – what we do is describe the companies for whom we work, explain the relevant drivers and industry backdrops, and detail the products or services they offer.

We also, in larger notes, include an assessment of the risks & challenges that the business faces – along with an explanation of how management is working to defend against, or respond to, these factors.

Because our work is funded by the subject companies, we never claim to be independent, but we always aim to remain balanced and objective in our explanations.