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This material (being trade ideas, sales information, market commentary, market data and or observations or the like) has been prepared by individual sales and/or trading personnel employed by SBG Securities ("SBGS") and not by the SBGS Research or the Equities Research department of SBG Sec. It is not investment research or a research recommendation nor should it be regarded as such. This material is provided for information purposes, is intended for your use only and does not constitute an invitation or an offer to subscribe for or purchase any of the products or services mentioned. The information provided is by no means intended to provide a sufficient basis on which to make an investment decision. It is intended only to provide observations and views of the said individual sales and/or trading personnel, which may be different from, or inconsistent with, the observations and views of the SBGS Research and or SBG Security analysts or other SBG Security sales and/or trading personnel, or the proprietary positions of SBG Security and/or Standard Bank. Observations and views of the said salesperson or trader may change at any time without notice. Information and opinions presented in this material have been obtained or derived from sources believed by SBGS to be reliable, but SBGS makes no representation as to their accuracy or completeness thereof. SBGS accepts no liability for loss arising from the use of this material. This material is directed exclusively at SBGS and/or Standard Bank’s institutional investors. It is not intended for private individuals/customers and such persons should not rely on this material. It may not be forwarded to non-institutional clients. Moreover, any investment or service to which this material may relate will not be made available by Standard Bank or SBGS to such private individuals/customers. All valuations are SBGS valuation terms. Information provided on trades executed with SBGS and/or Standard Bank will not constitute an official confirmation of the trade details. Read more…
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