Researches By Industrials

The US automobile sector is saturated with well-established players such as Ford (F), Honda (HMC), and Chevrolet (GM). However, amidst the competition, one company distinguishes itself – Tesla Motors (TSLA). Tesla, led by CEO Elon Musk, gained prominence in 2012 with the launch of its flagship vehicle, the Model S.

Topic: Industrials , Technology , FATANG

Publication Type: Articles , ETP and Industry

Tesla's China Strategy Impacts Stock Prices

14 December, 2023 | GraniteShares
The US automobile sector is saturated with well-established players such as Ford (F), Honda (HMC), and Chevrolet (GM). However, amidst the competition, one company distinguishes itself – Tesla Motors (TSLA). Tesla, led by CEO Elon Musk, gained prominence in 2012 with the launch of its flagship vehicle, the Model S.

The development of autonomous driving is being fueled by Tesla's Artificial Intelligence (AI) and autonomy technologies. Tesla intends to revolutionise transportation by enabling vehicles to drive without human intervention with its Autopilot systemand ongoing development of Full Self-Driving (FSD) services. While FSD aims for complete autonomy, the Autopilot system uses a combination of sensors, cameras, and AI algorithms to assist with driving responsibilities. The data gathered from the car's sensors is processed by Tesla's AI technology, which enables the car to perceive its surroundings and make judgements based on actual driving scenarios.

Topic: Industrials , Technology , FATANG

Publication Type: ETP and Industry , Single stock research

Tesla's Autonomy & AI Tech with Stock ETPs

12 July, 2023 | GraniteShares
The development of autonomous driving is being fueled by Tesla's Artificial Intelligence (AI) and autonomy technologies. Tesla intends to revolutionise transportation by enabling vehicles to drive without human intervention with its Autopilot systemand ongoing development of Full Self-Driving (FSD) services. While FSD aims for complete autonomy, the Autopilot system uses a combination of sensors, cameras, and AI algorithms to assist with driving responsibilities. The data gathered from the car's sensors is processed by Tesla's AI technology, which enables the car to perceive its surroundings and make judgements based on actual driving scenarios.

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT ROLLS ROYCE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

Topic: Industrials

Publication Type: Regulatory News

3SRR - NOTICE OF AMENDMENT OF MRA 20230331

31 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT ROLLS ROYCE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

Topic: Industrials

Publication Type: Regulatory News

3SUB - NOTICE OF AMENDMENT OF MRA 20230331

31 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

Topic: Industrials

Publication Type: Regulatory News

3LNI - NOTICE OF AMENDMENT OF MRA 20230331

31 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT AMD DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

Topic: Industrials

Publication Type: Regulatory News

3SAM - NOTICE OF AMENDMENT OF MRA 20230331

31 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT AMD DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT NVIDIA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230331

Topic: Industrials , Technology

Publication Type: Regulatory News

3SNV - NOTICE OF AMENDMENT OF MRA 20230331

31 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT NVIDIA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230331

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT RIO TINTO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230116

Topic: Industrials

Publication Type: Regulatory News

3SRI - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT RIO TINTO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230116

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT GLECNORE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Industrials

Publication Type: Regulatory News

3SGL - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT GLECNORE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Regulatory News

3SMI - NOTICE OF AMENDMENT OF MRA 20221109

09 November, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG FACEBOOK DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

Topic: Telecoms , Industrials , Technology

Publication Type: Regulatory News

3LFB - NOTICE OF AMENDMENT OF MRA 20221109

09 November, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG FACEBOOK DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG VOLKWAGEN DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

Topic: Energy , Industrials

Publication Type: Regulatory News

3LVW - NOTICE OF AMENDMENT OF MRA 20221109

09 November, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG VOLKWAGEN DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

Topic: Energy , Industrials , Technology

Publication Type: Regulatory News

3LNI - NOTICE OF AMENDMENT OF MRA 20221109

09 November, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT MODERNA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT( 12 August 2022)

Topic: Industrials

Publication Type: Regulatory News

3SMO - NOTICE OF AMENDMENT OF MRA 20220819

15 August, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT MODERNA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT( 12 August 2022)

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT TESLA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT (12 August 2022)

Topic: Industrials

Publication Type: Regulatory News

3STS - NOTICE OF AMENDMENT OF MRA 20220815

15 August, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT TESLA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT (12 August 2022)

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG ALIBABA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT (12 August 2022 )

Topic: Industrials , Technology

Publication Type: Regulatory News

3LAA - NOTICE OF AMENDMENT OF MRA 20220815

15 August, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG ALIBABA DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT (12 August 2022 )

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT (12 August 2022)

Topic: Industrials

Publication Type: Regulatory News

3SNI - NOTICE OF AMENDMENT OF MRA 20220815

15 August, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT (12 August 2022)

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Industrials

Publication Type: Regulatory News

3LUB - NOTICE OF AMENDMENT OF MRA 20220519

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

Topic: Industrials

Publication Type: Regulatory News

3LNI - NOTICE OF AMENDMENT OF MRA 20220519

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT BAE SYSTEMS DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

Topic: Industrials

3SBA - NOTICE OF AMENDMENT OF MRA 20220519

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT BAE SYSTEMS DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG ROLLS-ROYCE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Industrials

Publication Type: Regulatory News

3LRR - NOTICE OF AMENDMENT OF MRA 20220518

18 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG ROLLS-ROYCE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3LMO - NOTICE OF AMENDMENT OF MRA 20220310

10 March, 2022 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3LNF - NOTICE OF AMENDMENT OF MRA 20220310

10 March, 2022 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3LNI - NOTICE OF AMENDMENT OF MRA 20220310

10 March, 2022 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3LPA - NOTICE OF AMENDMENT OF MRA 20220310

10 March, 2022 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser

Topic: Industrials

Publication Type: Regulatory News

3LPP - NOTICE OF AMENDMENT OF MRA 20220310

10 March, 2022 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3LSQ - NOTICE OF AMENDMENT OF MRA 20220310

10 March, 2022 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3STS - NOTICE OF AMENDMENT OF MRA 20201120

20 November, 2020 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3SUB - NOTICE OF AMENDMENT OF MRA 20201120

20 November, 2020 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

As a result of the sharp rise in the share price of Rolls-Royce Holdings Plc on 9th and 10th November 2020, the Value per ETP Security for the GraniteShares 3x Short Rolls-Royce Daily ETP (3SRR) fell  below 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.  In application of Condition 8 (d) (vii)[1] such an occurrence has resulted in an Early Redemption Event, notice of which has been given to Securityholders by GraniteShares Financial Plc (the “Issuer”) through an RNS announcement.

Topic: Industrials

Publication Type: Articles

Early Termination of 3SRR ETP Due to Rolls-Royce Volatility

12 November, 2020 | GraniteShares
As a result of the sharp rise in the share price of Rolls-Royce Holdings Plc on 9th and 10th November 2020, the Value per ETP Security for the GraniteShares 3x Short Rolls-Royce Daily ETP (3SRR) fell  below 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.  In application of Condition 8 (d) (vii)[1] such an occurrence has resulted in an Early Redemption Event, notice of which has been given to Securityholders by GraniteShares Financial Plc (the “Issuer”) through an RNS announcement.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3LBP NOTICE OF AMENDMENT OF MRA 04112020

11 November, 2020 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3SRD NOTICE OF AMENDMENT OF MRA 04112020

11 November, 2020 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

GraniteShares 3x Short Rolls-Royce Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Rolls-Royce Holdings plc Index that seeks to provide -3 times the daily performance of Rolls-Royce Holdings plc shares (the Index). In order to prevent the security from finishing worthless during a given trading day, the index has a stop loss mechanism that is activated when the underlying security moves by more than 16.67%. On 9 November, the Rolls-Royce share price moved significantly, up by 100% during the day at one point, which resulted in the stop loss mechanism being triggered three times during the course of the day.

Topic: Industrials

Publication Type: Articles

Important Information – 3SRR

11 November, 2020 | GraniteShares
GraniteShares 3x Short Rolls-Royce Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Rolls-Royce Holdings plc Index that seeks to provide -3 times the daily performance of Rolls-Royce Holdings plc shares (the Index). In order to prevent the security from finishing worthless during a given trading day, the index has a stop loss mechanism that is activated when the underlying security moves by more than 16.67%. On 9 November, the Rolls-Royce share price moved significantly, up by 100% during the day at one point, which resulted in the stop loss mechanism being triggered three times during the course of the day.

The Value per ETP for the GraniteShares 3x Short Rolls-Royce Daily ETP has been less than 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.

Topic: Industrials

Publication Type: Articles

3SRR – Early Redemption Event

10 November, 2020 | GraniteShares
The Value per ETP for the GraniteShares 3x Short Rolls-Royce Daily ETP has been less than 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.

As part of its recapitalisation, Rolls-Royce is preparing to raise cash through a rights issue. Subject to shareholder approval at the General Meeting on 27 October 2020, Rolls-Royce’s shares will start trading ex-rights on 28 October 2020 (the ex-date).

Topic: Industrials

Publication Type: Articles

Rolls-Royce ETP values

30 October, 2020 | GraniteShares
As part of its recapitalisation, Rolls-Royce is preparing to raise cash through a rights issue. Subject to shareholder approval at the General Meeting on 27 October 2020, Rolls-Royce’s shares will start trading ex-rights on 28 October 2020 (the ex-date).

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

Topic: Industrials

Publication Type: Regulatory News

3SRR - NOTICE OF AMENDMENT OF MRA 20201030

30 October, 2020 | GraniteShares
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

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