DISCLAIMER & RISK WARNING

Walker Crips Stockbrokers Limited (WCSB) is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority (FSA).

This document is solely for information and private circulation and does not constitute an offer to buy or sell shares in any company mentioned herein. References to Walker Crips refer to Walker Crips Stockbrokers Limited and/or other companies within Walker Crips Group plc. It is important to remember that the value of investments and the income from them can go down as well as up and investors may not realise the value of the initial investment. Recommendations may or may not be suitable for all recipients of this publication and if you have any doubts you should seek advice from your investment advisor. WCSB cannot accept responsibility for any losses which may be incurred by anyone acting on such recommendations. The value in sterling terms of foreign investments may rise or fall in response to currency fluctuations.

It must be noted that information concerning past performance is not a guide to future performance. In line with the FSA rules on conflicts of interest, investors should be aware that Walker Crips may have actual or potential conflicts of interest that could affect the objectivity and independence of their research. Where such conflicts exist it is Walker Crips' policy to disclose them publicly. Principals and Associates of WCSB may have held a long term position in some of the stocks or shares mentioned herein. Consequently, in line with FSA Rules on conflicts of interest, WCSB research in these areas cannot be classified as impartial within the FSA's definition and should not be relied upon as independent or objective. Prices and factual details are deemed to be correct at the time of publication but may change subsequently. The publication has been prepared with all reasonable care and is not knowingly misleading in whole or in part. Expressions of opinion are subject to change without notice. Investors are strongly advised to consult with their own Broker / Account Executive to discuss risk levels and whether a particular investment is suitable for their financial circumstances.

Opinions expressed by individuals within this website does not necessarily represent the views of the Company.

By clicking 'I Accept' below, you are accepting that you have read and understand this risk warning.


distributed by