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Important Risk Warning

Advice in Strategic Energy Alert does not constitute a personal recommendation. Any recommendation should be considered in relation to your own circumstances, risk tolerance and investment objectives. Before investing you should consider carefully the risks involved, including those described below. If you have any doubt as to suitability or taxation implications, seek independent financial advice.

General – Your capital is at risk when you invest, never risk more than you can afford to lose. Past performance and forecasts are not reliable indicators of future results. Bid/offer spreads, commissions, fees and other charges can reduce returns from investments. There is no guarantee dividends will be paid.

Small cap shares - Shares recommended will be small company shares. These can be very extremely illiquid meaning they are hard to trade and can have a large bid/offer spread. If you need to sell soon after you bought, you might get back less that you paid. This makes them riskier than other investments in larger share companies.

Overseas investments - Some shares may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Any dividends will be taxed at source in the country of issue.

Funds - Fund performance relies on the performance of the underlying investments and there is counterparty default risk which could result in a loss not represented by the underlying investment.

Spread betting – Spread betting may, on occasion, be recommended. Spread betting comes with a high risk of losing money rapidly due to leverage. Prices can move rapidly against you and resulting losses may be more than your original stake or deposit. It is not suitable for everyone. Between 74% and 89% of retail investor accounts lose money when spread betting.You should consider whether you understand how spread betting works and whether you can afford to take the high risk of losing your money. Margin amounts vary between spread betting companies and the type of markets spread bet.

Taxation – Profits from share dealing are a form of income and subject to taxation. Tax treatment depends on individual circumstances and may be subject to change.

Editor: James Allen. Editors or contributors may have an interest in recommendations. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of Southbank Investment Research Ltd. Full details of our complaints procedure and terms and conditions can be found at, www.southbankresearch.com.

Strategic Energy Alert  contains regulated content and is issued by Southbank Investment Research Limited. Registered office: Basement, 95 Southwark Street, London SE1 0HX. Registered in England Company No 9539630. VAT No GB629 7287 94.

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