If you are in any doubt about the action you should take in regard to this website and the information provided therein you should contact an independent financial adviser or other professional adviser authorised under the Financial Services and Markets act 2000. Reliance on this information for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the assets invested. Nothing in this document constitutes investment, tax, financial or other advice.

This information is only intended for release in the United Kingdom. It is the responsibility of any person outside the United Kingdom wishing to use this information to satisfy himself as to full observance of the laws of any relevant territory in connection therewith. Information given here is general and does not relate to the individual circumstances of any person. The content of this website is for information purposes only and does not constitute or form any part of, and should not be construed as, an offer or invitation or other solicitation or recommendation to purchase, subscribe for or otherwise deal in any securities or other interests. No reliance may be placed for any purpose whatsoever on the information contained on the website, and no liability is accepted for such information. None of the content of this website shall constitute either advice or a recommendation regarding any securities or other interests. Any person who is in any doubt about the content of this website should consult a duly authorised person.

Master Investor Limited provides professional equity research services and the companies researched pay a fee in order for this research to be made available. The reports have been commissioned by the subject companies. It has not been prepared in accordance with the legal requirements designed to promote the independence of investment research.  It is not subject to any prohibition on dealing ahead of the dissemination of investment research.  

All information and opinions contained on this website have not been independently verified as to its accuracy. No representation or warranty, express or implied, is given by Master Investor Limited or any of their respective directors, shareholders, partners, officers, affiliates, employees, advisors or agents (and any warranty expressed or implied by statute is hereby excluded) as to the accuracy or completeness of the contents of the information provided or any other document or information supplied, or which may be supplied at any time or any opinions or projections expressed herein or therein, nor is such party under any obligation to update the information provided or correct any inaccuracies or omissions in it which may exist or become apparent. Opinions and estimates should be regarded as indicative, preliminary, strictly non-binding and for illustrative purposes only. All example statements are strictly indicative and may be based on certain implicit and explicit assumptions which may or may not be disclosed and which will need verification in any specific case.

The appearance of an advert on the site does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, we are not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our website. We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each individual to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.

Access to this website may be restricted by law and you should inform yourself about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

This website is owned and operated by Master Investor Limited (trading as GECR). Master Investor Limited is not regulated by the Financial Conduct Authority.

Neither Master Investor Limited or any other person or entity make any guarantee, representation or warranty, express or implied as to the accuracy, completeness or fairness of the relevant content, and neither Master Investor Limited nor any other person accept any responsibility or liability whatsoever for any loss howsoever arising from any use of the relevant content or otherwise arising in connection therewith. No representation, express or implied, is made that any changes to the relevant content will be provided to you.

Access to the relevant content may be restricted by law and you should inform yourself about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.