Sample Research

Sample research provided on our public website covers the range of categories within our content library; Long (notes on Buy recommendations), Short (notes on Sell recommendations), NCR (notes on companies with No Current recommendation), Video (short visuals from our analysts), coverage journey (a series of notes published over an extended period of time during which the stock was covered), and ancillary research (broader content highlighting our process and research themes). These categories were selected to provide a broad overview of our content, style, and the samples have been chosen to demonstrate our independent process, writing style, typical length and depth of notes, for prospective clients with interest in European equities. Individual companies and stocks selected for sample research include; Sage, Shein, Schibsted, Auto1, Yara, Boohoo, Wirecard, JustEatTakeway, Vestas, Hypoport, RS Group, Deliveroo, Nel, Ambu, and NMC Health. This is a sample of companies that operate(d) in different industries (e.g. retail, healthcare, industrial, tech), and different countries within Europe (e.g. Germany, UK, Norway, Denmark). The selection was made to demonstrate the breadth of our coverage across the region, with a generalist stock-picking approach across a range of market capitalisations. The number of individual names (<15) is <1% of our total coverage library. In a typical year, we cover 40-60 names, and over the last ten years, we have published ~1,000 individual pieces of content. The selection was made irrespective of stock performance during the coverage period, although, internally, we do measure alpha, hit rate and TSR (total potential shareholder return) from the point of initiation to drop (absolute and relative). Whilst some of the recommendations performed well (e.g. Wirecard fell nearly 100% as a Short recommendation), other ideas (e.g. Boohoo and Yara) did not outperform the market. The notes provided are snapshots in time of overall long-term coverage and should not, therefore, suggest any market return, performance, or probability of success (relative or absolute) in historical, and future, ideas for clients. Clients, and prospective clients, are welcome to contact us for more details regarding selection criteria and how we measure performance.