Quarterly disclosure
Highlighted in the table below is the proportion of all research recommendations published during March, February, January 2014 and December 2013 that are 'buy', 'hold', 'sell' or equivalent terms.
CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Non-independent research recommendations
| March | April | May | ||||
|---|---|---|---|---|---|---|
| No. of articles | % | No. of articles | % | No. of articles | % | |
| Buy | 109 | 46.0 | 125 | 53.4 | 98 | 46.4 |
| Sell | 84 | 35.4 | 87 | 37.2 | 90 | 42.7 |
| Hold | 44 | 18.6 | 22 | 9.4 | 23 | 10.9 |
| Total | 237 | 100 | 234 | 100 | 211 | 100 |
| Summary of quarter | ||
|---|---|---|
| No. of articles | Percentage | |
| Buy | 332 | 48.7 |
| Sell | 261 | 38.3 |
| Hold | 89 | 13.0 |
| Total | 682 | 100 |
| December | January | February | ||||
|---|---|---|---|---|---|---|
| No. of articles | % | No. of articles | % | No. of articles | % | |
| Buy | 58 | 41.1 | 95 | 50.5 | 96 | 48.5 |
| Sell | 70 | 49.6 | 69 | 36.7 | 71 | 35.9 |
| Hold | 13 | 9.2 | 24 | 12.8 | 31 | 15.7 |
| Total | 141 | 100 | 188 | 100 | 188 | 100 |
| Summary of quarter | ||
|---|---|---|
| No. of articles | Percentage | |
| Buy | 249 | 47.2 |
| Sell | 210 | 39.8 |
| Hold | 68 | 12.9 |
| Total | 527 | 100 |
Correct as at 2 April 2014. No representation or warranty is given as to the accuracy or completeness of this information. See full non-independent research disclaimer.
