Investment Research Methodology and Definition of Recommendations
Our research is based on fundamental analysis of the companies covered, using discounted cash flow valuation models and the application of multiples. In reaching our recommendations, macroeconomic conditions are taken into account.
Our research recommendations have the following definitions:
Negative Stance
Sell -10%
Absolute returns over 12 months
Neutral
Hold = +/-10%
Absolute returns over 12 months
Positive Stance
Buy +10%
Absolute returns over 12 months
Recommendation - Q2 2010
Quarterly summary of Research Recommendations during the three months ending 30th June 2010.
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Astaire Securities does not publish recommendations on companies with which it has a corporate relationship.
% of Buy
100%
% of Sell
0%
% of Hold
0%
Total
100%
