The information published on this website has been obtained from sources believed to be reliable, but no representation or warranty, express, or implied, is made that such information is accurate or complete and it should not be relied upon as such. Information contained on this website is published for the assistance of recipients, but is not to be relied upon as authoritative or taken in substitution for the exercise of judgement by any recipient, and are subject to change without notice. This website is not, and should not be construed as, an offer document or an offer or solicitation to buy or sell any investments. Except to the extent that liability cannot be excluded, HGIB does not accept any liability for any direct or consequential loss arising from any use of material contained on this website.


HGIB and/or persons connected with it may effect or have effected a transaction for their own account in the investments referred to in the material contained on this website or any related investment before the material is published to any HGIB clients. HGIB, persons connected with it and their respective directors and/or representatives and/or employees may have a long or short position in any of the investments mentioned on this website and may purchase and/or sell the investments at any time in the open market or otherwise, in each case either as principal or as agent. Additionally, HGIB within the previous twelve months may have acted as an investment/commercial banker or may have provided significant advice or investment services to the companies or in relation to the investments mentioned on this website.


This website does not purport to make any recommendation that any securities transaction is appropriate for any recipient’s particular investment objectives, financial situation or particular needs. Prior to making any investment decision, recipients should assess, or seek advice from their advisers, on whether any relevant part of this report is appropriate to their individual circumstances. If a recipient was referred to HGIB by an investment adviser, that adviser may receive a benefit in respect of transactions effected on the recipients behalf, details of which will be available on request in regard to a transaction that involves a personalised securities recommendation. Contents of this website may not be reproduced, distributed or published for any purpose, unless authorised by HGIB.