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The Research and Commentary publications of Southern Cross Equities Limited on this website are intended for and written only for sophisticated, professional, institutional and highly experienced investors in listed securities. These publications are not intended for retail or inexperienced investors.

General Advice Warning

Although the Research and Commentary on this website are designed for, and intended for sophisticated, professional and highly experienced investors, any advice that may be contained in them is general advice that has not been tailored or directed to any particular such investor. That advice has been prepared without taking account of any particular client's specific objectives, financial situation or needs. Accordingly clients should, before acting on any such advice, consider the appropriateness of the advice, having regard to their own objectives, financial situation and needs. If any advice contained in either the Research or Commentary relates to the acquisition or possible acquisition of a financial product in respect of which there is a Product Disclosure Statement, then you should obtain that Product Disclosure Statement for that financial product and consider it carefully, before making a decision about whether to acquire the financial product.

Inherent limitations of the Commentary

The statements and observations about securities in the Commentary pages are not to be considered as research or securities advice. The Commentary is not intended or designed for giving investment advice or recommendations about securities to investors The Commentary pages contain incidental, anecdotal and nuanced observations on certain characteristics, occurances or patterns in the stock market, as they unfold daily. They are intended as very short term observations whose currency and relevance is, if it has not already passed by the time of publication, likely to be of very short duration. Any implied or explicit recommendations or advice that a reader might see in the Commentary pages must be treated as either already passed, or, if still current, considered as only having very short term relevance. Comments that may still be current are likely to have relevance only for a matter of minutes or at best hours and sometimes only for seconds, during the course of a trading day on the Australian Stock Exchange. Accordingly any such observations or statements in the Commentary should only be acted on by highly experienced and sophisticated traders in listed securities investors who have a clear understanding of the high risk of making decisions in fast moving and sometimes irrational and unpredictable live market conditions. Even those highly experienced and sophisticated investors must rely solely on their own judgments in respect of decisions they may make about securities after reading the Commentary. Southern Cross Equities takes no responsibility for any reliance placed by investors on the Commentary to make investment decisions.

• I have read and understood the above paragraphs.
• I am a sophisticated, professional, highly experienced or institutional investor who has had previous experience in investing in securities that allows me to assess the merits of security offerings, the value of securities, the risks of investing in securities, my own information needs and the adequacy of disclosures made to me about securities.
• I will not rely on the Commentary to make investment decisions.

Please tick the box indicating that you have read and agree to the above before having access to Southern Cross Equities' online Research and Commentary.