MORNING DIGEST Global overview Selected indices South African indices Previous 5d % 1m % Top 5139,9 99, 1,7,7,9 1,1 All Share 535,3 5577,3 1,,3 -,7 11, Resource 1 355,7 35,9 1,1 3,71, 11, Industrial 5 771, 759, 1, 3,1 1,3 19, Financial 15 157,3 15,7 -,3 -,31 -,3 -,1 Alsi 515, 5375, 1,37,9, 15, Mid Cap 75, 717, 1,15,5-5,7 -, Small Cap 5939,1 595, -,1,1 -,7-3, Gold 13,1 1311,,31 1, -5,1-1,9 Platinum 19,3 1,,1 1,99-7,1 -,1 Banks 7533, 7,, -, -3, 9,19 Property 7, 9, -, -1,99-1,3,1 American indices Previous 5d % Dow Jones 1,7 557,,37 1,,97 1,57 S&P 5 53, 59,1, 1,51,3 13,1 Nasdaq 531,7 51,7,3,3 1,5 1,3 Dollar Index 93, 93,,1,,1 -,3 US VIX 9,5 9,5,3 -,9 -,1-3, European indices Previous 5d % 1m % FTSE 7,1 73,,39,5,,55 DAX 3 19,7 19,7 ---,3, 1,3 CAC 537, 535,,3 1,7,77 1,39 Asian indices Previous 5d % Nikkei 5 1,1, 1,5 1,,9 7,5 Hang Seng 173, 755,3,5,,79, Shanghai 33,9 33,9 ---,1 -,5 7,9 ASX 571, 579,3 -,9,5 -,,3 Early morning trade Last traded % Chg 5d % Tencent 3, 3,,5 3,15,73,1 BHP Billiton 7 15 -,31,11 1,,35 International economic calendar Selected events and releases 1 Time Area Event / Release Period Exp. Prev. 9:15 SA Standard Bank PMI Sep 9. 9. 5 9:55 EUR German Final Services PMI Sep 55. 55. 1: EUR Final Services PMI Sep 55. 55. 1:3 GBP Services PMI Sep 53.3 53. -5 1:15 USD ADP Non-Farm Employment Chan Sep 151K 37K 1: USD ISM Non-Manufacturing PMI Sep 55.5 55.3-1 1:3 USD Crude Oil Inventories -- -- -1.M -15 19:15 EUR ECB President Draghi Speaks -- -- -- 1:15 USD Fed Chair Yellen Speaks -- -- -- Local equities JSE All Share companies Best 1-day % performances Caxton CTP Publishing CAT 139, 1,3,39 Omnia Holdings OMN 175, 7,77 -,3 Assore ASR 33 5,9 1,91 9,9 Balwin Properties BWN 7 5,9-1, -,3 Northam Platinum NHM 55 5,1,3,79 Exxaro Resources EXX 1315,99 1, 7,3 Sibanye Gold SGL 157,5,1-37,93 Trustco Group Holdings TTO 5,,53 5,1 Impala Platinum Holdings IMP 37,39,1-3,3 RCL Foods RCL 15 3, -1,9 19,9 Choppies Enterprises CHP 7-1, -,9-1,9 Curro Holdings COH 3551-9,57 -,1-9, Group Five GRF 93 -,5-19,35-1,1 Niveus Investments NIV 371-5,7-7, 1, Royal Bafokeng Platinum RBP 3-5,17,7-13,51 Pallinghurst Resources PGL 3 -, -5,5-9,3 NEPI Rockcastle NRP 1775-3,59 -,7 11, Sun International SUI 53-3,55 -, -,1 Lewis Group LEW -3,7-9,9-3,95 Murray & Roberts Holdings MUR 155 -,5 -,3 3,55 Dividend data clientcare@privatewealth.sanlam.co.za Worst 1-day % performances African Oxygen AFX Div @. cps Aspen Pharmacare APN Div @ 7. cps Capital & Regional PLC CRP Div @ 1.73 GBPp Capevin Holdings CVH Div @ 13. cps Discovery DSY Div @ 9. cps FirstRand FSR Div @ 13. cps Fiarvest Property FVT Div @ 9.3 cps Metrofile MFL Div @ 17. cps MAS Real Estate MSP Div @ 3.19 EURc 1m % 1m % 5d % 5d % Dividend 1 - - - 15 5 5 5 5 5 7, 9,1,55,9 3,9 11, Wednesday Oct 17 International indices Normalised % performances - JSE All Share FTSE 1 Shanghai Composite S&P 5 Global indices -Month and 1-month % performances 17, Ex-Div Oct Dividend Murray & Roberts MUR Div @ 5. cps Onelogix OLG Div @ 5. cps RMB Holdings RMH Div @ 17. cps RMI Holdings RMI Div @ 5. cps Trellidor TRL Div @ 19.5 cps 7,5 1, -3,5 -,1 All Share FTSE Shanghai S&P 5 Gold ($) USDZAR m % 1m % JSE All Share 1 vs 17 1 Jan 1 Mar 1 May 1 Jul 1 Sep 1 Nov 1 17, Page 1
Local equities JSE Top companies (Alphabetical) Previous 5d % Anglo American 535 71,7 9,5,99 9,9 Anglogold Ashanti 15 19 1,3 1,3-1,71-15,7 Aspen Pharmacare 379 3379,33 -,, 7, Brait SE 531 55-1, -,13 -,5 -, Barclays Africa Group 137 13 -,1,15-7,53-1,7 BidCorp 3 315,5, 1,13,1 BHP Billiton 1,77, -1,7 11,5 British American Tob. 5, 1,97 5,5 9,3 Bidvest 17755 1757 1,1, 3,11 -, Comp. Fin. Richemont 1575 13 1,9 5,3, 3,5 Capitec 79 579,53-1,1-1,3,7 Discovery 153 1,33,3 -,, Fortress Income (A) 175 17 -,1 -,7 -,3,9 Fortress Income (B) 3 37,1 -,51-1,55,1 Firstrand Limited 5 5199,5 -,7 -, -1,71 Goldfields 59 577 1,9 1,1 3, 35,1 Growthpoint Prop 33,9 -, -5,1-5,7 Investec Ltd 9753 97 -,9,9-1,39 7,7 Investec Plc 9 95 -,55,7-1,1,3 Intu Properties Plc 19 1,91 1,9 1,3-1, Life Health Care 3 1,, -,33-5,77 Mediclinic plc 11 11,53, -, -1, Mondi Ltd 37 395,7,97,57 3, Mondi Plc 37 373, 3,1,9 3,1 Mr Price Group 1737 1757, -1,1-5,9 1,5 MTN Group 1195 1 -, -3,79-5,15-3,3 Nedbank Group 3 1,1,3-7, -1,91 Naspers 3573 973,,7,3 51,7 Netcare 31 37,13,5 -,3-7,5 Old Mutual 39 391 -,3 1,,35 1,3 Redefine Properties 17 19,5 -,9, -3, Reinet Investments 95 9,9,91 5,, Remgro 15 7 1,1 1,7-3, -5,7 RMB Holdings 51 55 -, -,1 -, -5, Sappi 9 97 3,5 1,1 11,11,73 Standard Bank Group 15795 1579,3,15-5,3,9 Shoprite 9 9 -, -1,7-9, 1,35 Sanlam 3 75-1,1 -,9 -,5,5 Steinhoff Intl. 59 5953 -,9 -,37-5,39-17,3 Sasol 3 371 -,5-1,3-5, -7,7 Tiger Brands 3751 371 -,31,1 -,3-5,7 Vodacom Group 15 1577 -, -3,1-1,7, Woolworths Holdings 57 5-1, -,5-3,7-1,1 Expected company reporting schedule Zeder PSG Konsult PSG Combined Motor Hol. Pick n Pay Bank and other preference shares Issuer Nedbank Investec Bank Investec Limited Investec PLC ( ) Standard Bank Firstrand Bank Absa Bank Imperial Holdings PSG Capitec Sasfin Steinhoff Grindrod Netcare Discovery Invicta Clean Yield 1m % Release Date ZED Interim Oct KST Interim 5 Oct PSG Interim 11 Oct CMH Interim 1 Oct PIK Interim 17 Oct Approx. next LDT NBKP 5 9,1 3 Mar INLP 795 1, 7 Nov INPR 737 1,5 7 Nov INPP 93,17 7 Nov SBPP 11,95 Apr FSRP 7 9, 13 Feb ABSP 7 9,3 1 Apr IPLP 739 1,5 1 Mar PGFP 737 1,51 1 Mar CPIP 935,7 1 Mar SFNP 739 1,3 Apr SHFF 7739 1, Apr GNDP 73 11,3 11 Mar NTCP 71 9,97 May DSBP 9337 1, Mar IVTP 93 1, 1 Jan South African headlines Selected headlines A weaker rand provided a boost to local markets on Tuesday, with the JSE All Share index surging 1.% to close at 5,35.3 index points. In addition, the Top index outperformed the overall market after it added 1.7%. The platinum and gold mining indices were among the session s top performers, as they gained.1% and.31% respectively. Furthermore, the industrial index also performed well, up 1.%, supported by a.% rally in Naspers as it moved to settle at a new record high of R3,5.73. The resource index also ended higher, helped along by a.7% increase in Anglo American. Lastly, Curro shed 9.57% following the unbundling of Stadio, with the latter closing at R5. per share. 515 55 95 5 75 5 55 5 Resource 1 Industrial 5 Financial 15 Top -,3 SENS Announcements Selected releases JSE Top index Last 1 days 35 JSE Top index 5 Day SMA Day SMA Local indices 1-Year and 1-month % performances,,9 1,3 11,1 Sovereign Food Investments: On Tuesday, SOV released a trading statement for the six months ended 31 August 17. As it stands, Sovereign expects both earnings per share and headline earnings per share to increase by at least. cents. As a result, earnings per share and headline earnings per share are set to be a minimum of 15 cents, sharply higher than a loss per share and headline loss per share of. cents reported a year ago. Lastly, the group will issue an updated trading statement once it has achieved more certainty with regards to the expected earnings per share and headline earnings per share. Cartrack: Yesterday also saw CTK release a trading statement for the six months ended 31 August 17. In it, the group advised shareholders that it currently expects its results for the period to increase by at least % compared to that reported in the previous corresponding period. Furthermore, headline earnings per share are estimated to be between cents and 7 cents, representing an increase of between % and % compared to the 3 cents reported a year ago. Earnings per share are expected to increase by the same margin, also to between cents and 7 cents, up from the 39 cents recorded in 1. Lastly, CTK s results for the period are set to be released on or around the 11th of October 17. NEPI Rockcastle: During the previous session, NRP announced the opening and closing of an accelerated book build. In light of the strong demand, the amount of equity to be raised was increased to approximately R5.bn, or 35mn. In addition, even at this level, the book was oversubscribed. Lastly, the new NEPI Rockcastle shares to be issued, pursuant to the book build process, have been priced at R177 per share.,99 1,7 13,93 - - - 1 1 1 1 1y % 1m % Page
Local equities Mid & Small cap companies Mid cap companies Previous 1m % Small cap companies Previous 1m % AECI AFE 999 111-1,17 -,5-1,17 ArcelorMittal SA ACL --- -5,15 -, Alexander Forbes AFH 7 75 1,7 1,93-13,5 AfroCentric Inv Corp ACT 3 3 --- 1,1 3,5 Anglo American Platinum AMS 3755 3795 -,11 -,9 31, Advtech ADH 1 13-1,53 -,77,95 Anheuser-Busch Inbev ANH 137 11 1, 7,31 1,35 Afrimat AFT 5 5 --- 1,,99 African Rainbow Minerals ARI 1 1513,73-1, 9, African Oxygen AFX 31 35-1, 5,9 3,1 Assore ASR 33 9 5,9 13,9 9,9 Adcock Ingram Hldgs AIP 1 5995,3-5,, Attacq ATT 19 155 -,3,1 9,7 Accelerate Prop Fund APF 51 53,5-1, -3, Avi AVI 95 95 -,3 -, 5,3 Astral Foods ARL 177 17351,99 15,9 3, Barloworld BAW 15 135 1,1 -,, Ascendis Health ASC 1975 195,51 -, -,55 Blue Label Telecoms BLU 17 17,3-1, -, Arrowhead Properties AWA 31 3 -, -,35 -, Capital & Counties CCO 733 1,,7-3,3 Brimstone Inv Corp BRN 1 175-1,1 -,7 5, Clicks Group CLS 153 155,9 1,7 33,1 Balwin Properties BWN 7 5 5,9 -,3 -,3 Coronation Fund Managers CML 75 7 1, -,95 -,7 Caxton CTP Publish CAT 139 17,,35,39 Curro Holdings COH 3551 397-9,57-7, -9, Calgro M3 Holdings CGR 11 1 -, -7,95-5, Capitec Bank Holdings CPI 79 579,53-1,3,7 Choppies Enterprises CHP 7 3-1, 1,9-1,9 Dischem DCP 5 79 1, -,9 7,3 Cons Infrastructure CIL 15 15 1, -11,3-7,5 Distell Group DST 17 17 --- -7,1-1,1 City Lodge Hotels CLH 137 139 1,33-3,73-7,5 Datatec DTC 5 573,7,7 1,55 Clientele CLI 17 17 ---,77 5,3 EOH Holdings EOH 915 9 -,75-1,9 -,7 Clover Industries CLR 131 131,15-17,3-3, Exxaro Resources EXX 1315 155,99 3, 7,3 Capital & Regional CRP 15 15 --- 9, 13,9 Famous Brands FBR 11733 117,57-1,9-5,3 Cashbuild CSB 37 375,1,33 9,3 Harmony HAR 7 39 3, -5, -1,7 Capevin Holdings CVH 5-1, -5,7-9, Hosken Cons Invest HCI 159 19 -,33-7, -7,15 Delta Property Fund DLT 75 75 --- -3,33-7,5 Hyprop Investments HYP 1593 1599 -, -7, -9,7 Emira Property Fund EMI 131 1335-1, -,3-7,91 Impala Platinum IMP 37 31,39-1,3-3,3 Grindrod GND 13 139,5 3,1,3 Imperial Holdings IPL 1913 19 -, -,9,9 Group Five GRF 93 1 -,5-33, -1,1 Italtile ITE 1 175,71-7,3-7, Hudaco Industries HDC 1397 17 -,3-5,,5 JSE JSE 173 135,57 -, -,7 Holdsport HSP 5 5 --- -1,7 1,5 KAP Industrial Holdings KAP 55 1,5 3,1 1,3 Investec Australia IAP 1359 1379-1,5 5,19 1,9 Kumba Iron Ore KIO 31 3,7 7,,5 Investec Property Fund IPF 1555 153,7 1,3,39 PSG Konsult KST 99 9 -,11 -,11 1,5 Invicta Holdings IVT 5 913-1, -1,7-9, Liberty Holdings LBH 1 153,5,35 -,7 Lewis Group LEW 75-3,7-19,39-3,95 Life Healthcare Group LHC 3 1, -,33-5,77 Mpact MPT 55 7 1,9-7,17-1, Lonmin Plc LON 139 13,9-7,9 -, MAS Real Estate Inc MSP 9 95 -,17 1, 9,71 MMI Holdings MMI 173 173,1-17,5 -, Metair Investments MTA 177 1793 -,95 -,9-19,7 Massmart Holdings MSM 173 1 -,53-1, -1,5 Murray & Roberts MUR 155 159 -,5-5,3 3,55 NEPI Rockcastle NRP 1775 11-3,59-5,33 11, Niveus Investments NIV 371 397-5,7 -,9 1, Northam Platinum NHM 55 5,1,33,79 Net 1 UEPS Technologies NT1 1 1 --- 3,91 -,5 Nampak NPK 175 17 -,9 -, -5,9 Novus Holdings NVS 53-1, -1,35-3, Oceana Group OCE 1 3,,9 -,33 Octodec Invest OCT 1,79, 3, Omnia Holdings OMN 175 1391,, -,3 Pan African Resources PAN 3 3,5 -, -,9 Pioneer Foods Group PFG 1135 11,5 -, -,5 Pallinghurst Res PGL 3 5 -, -,7-9,3 Pick n Pay Stores PIK 57 557 1,7-9,1-9,9 Peregrine Holdings PGR 9 9,7 -, -3,3 PSG Group PSG 35 379,73 -,39, The Pivotal Fund PIV 75 75 --- -,1,7 RCL Foods RCL 15 1 3, --- 19,9 PPC Limited PPC 7 3,37 1,7 17, Resilient REIT RES 135 13379,9, 1,1 Royal Bafokeng Platinum RBP 3 3-5,17-5,95-13,51 Reunert RLO 79 1,35-1, 1,1 Raubex Group RBX 19 19-1,13-15,1-1,79 Redefine International RPL 9 9 ---,39,55 Rebosis Property Fund REB 111 115,5 1,3-3,9 SA Corp Real Estate SAC 9 9 --- -9,3-1,1 Rhodes Food Group RFG 13 13,11 -, -3, Sappi SAP 9 97 3,5 11,11,73 Schroder European REIT SCD 199 195 -,5 1,7 3,73 Santam SNT 555 55, -3, 9,19 Stenprop STP 1915 199, 3,57 3,51 Super Group SPG 95 9,1,9 11,1 Sun International SUI 53 515-3,55-13,5 -,1 The Spar Group SPP 1 115,7 -, -1,1 Spur Corp SUR 95 9,,93 -,7 The Foschini Group TFG 1375 13, -1,3-1,5 Transaction Capital TCP 1515 15-1, 1,13,77 Telkom SA SOC TKG 577 55,5 -,51 -, Tradehold TDH 1 1 --- 1,3-1,15 Tongaat Hulett TON 115 11, -,1-1,9 Texton Property Fund TEX 9 9,9 -, -11,11 Truworths International TRU 715 755 -,5-1,77 -,93 Trencor TRE 31 35 -,3 -,31 33,9 Tsogo Sun Holdings TSH 15 -,35-7,7 -,99 Trustco Group TTO 5 5, 1, 5,1 Vukile Property Fund VKE 197 19,51,3 5, Wilson Bayly Hlm-Ovc WBO 1753 1 -,3,11 -, Zeder Investments ZED 5 55,51-5,9-1, Page 3
Global markets 3 1-1 - -3 - European indices Normalised % performances European headlines Yesterday saw European markets end mostly higher, albeit only marginally so, as investors digested new data releases. Overall, the Stoxx index added.15% to settle at 39.7 index points, helped along by a.39% increase in the FTSE 1. Furthermore, the French CAC ended.3% higher, while the German DAX was closed due to a public holiday. Spain s IBEX was mostly unchanged however, up.%, as political uncertainty in the Catalonia region lingered. Lastly, retail shares performed well yesterday, up 1%, with Carrefour and Sainsbury both closing in positive territory. European indices Previous m % 1m % FTSE 7,1 73,,39,55,9,55 DAX 3 19,7 19,7 --- 5,7,75 1,3 CAC 537, 535,,3 5,53,5 1,39 75 75 7 FTSE 1 131 19 17 DAX 5 53 CAC -5 - FTSE 1 DAX CAC American indices Normalised % performances 1 1 S&P 5 Dow Jones NASDAQ Asian indices Normalised % performances 1 1 1 - - Shanghai Composite Hang Seng Nikkei 5 735 73 75 7 American headlines Wall Street extended its recent rally on Tuesday to reach new all-time highs, with markets benefitting from an uptick in airline shares and the release of some positive data. The Dow Jones led the region s gains, up.37% to settle at,1.7 index points. Meanwhile, the S&P 5 added.% to end higher for a th consecutive session. Gains were led by a.% increase in Delta, while United Continental and American Airlines added.1% and 5.% respectively. This uptick was mainly due to estimates that the impact and costs from Hurricane Harvey and Irma were lower-than-expected. Lastly, the NASDAQ ended.3% higher at,531.7 index points. American indices Previous m % 1m % Dow Jones 1,7 557,,37 9,, 1,57 S&P 5 53, 59,1, 7,5 17, 13,1 Nasdaq 531,7 51,7,3 1,1 3, 1,3 7 5 3 1 19 17 15 Asian headlines Asian markets were mostly higher this morning, with the exception of the Australian ASX, helped along by yet another overnight rally on Wall Street. The Hang Seng led the region s gains, up.7% at,373.77 index points, with the index set to end higher for the 3rd consecutive session. Meanwhile, the Nikkei had risen.%, on track to extend yesterday s 1.5% increase. In contrast, the Australian ASX fell.7%, weighed down by a decline in energy and financial shares. Lastly, Chinese markets remained closed yet again this morning. Asian indices Dow Jones 15 13 11 119 57 5 7 S&P 5 Previous m % 5 1m % Nikkei 5 1,1, 1,5,59,19 7,5 Hang Seng 173, 755,3,5 1,1 19,, Shanghai 33,9 33,9 --- 3,9 11, 7,9 7 5 1995 197 195 Nikkei 5 19 5 775 75 75 Hang Seng 7 5 51 5 3 NASDAQ 3 3375 335 335 33 375 Shanghai 35 Page
Commodities & currency pairs Selected headlines Commodity Last traded % Chg 1m % Gold ($) 17,,37 171,59, -, 1, Platinum ($) 91,3,71 91,3 -, -9,37 1,15 Silver Brent Crude ($) 1,7 55,71,7, 1, 55,7,31 -,7 -,17 5,1, -, Copper 5,, 5,,1 -, 17,79 Palladium 9,, 915,5, -,3 3,11 Natural Gas,9,,9 -, -5,5 -,13 Coffee 1,5, 1,5-1,3 -,79 -, Corn 39,5 -,9 35,5 -, -1, -,3 Brent Crude ($) Last 1 days Commodity headlines Last updated 7: During the previous session, oil prices continued to trade lower, weighed down by concerns of increased production. By the close, Brent crude had fallen.%, or $.1, as it moved to close at $5. per barrel. In addition, the industrial commodity fell.% this morning to $55.3 per barrel, negatively affected by concerns that the 3rd quarter rally would fade during the last three months of the year. Lastly, spot gold performed well this morning, with the precious metal adding.% to trade at just above the $1,75/oz level. 13 Spot Gold ($) Last 1 days 5 5 5 5 5 Brent Crude 5 Day SMA Day SMA Platinum ($) Last 1 days 15 1 975 95 95 9 135 13 133 13 131 13 19 1 17 1 15 1 13 1 75 Platinum 5 Day SMA Day SMA Currency Pair Last traded % Chg 1m % USDZAR 13,19 -,35 13,5, 5,55 -, GBPZAR 1,5 -,11 1,79,1 7,5,7 EURZAR 1, -,11 1,1,5,51 1,97 AUDZAR 1,993 -,1 1,7,55 3,,19 EURUSD 1,177,3 1,17,1 -,9 11,5 USDJPY 11,51 -,9 11,,,3-3, GBPUSD 1,3, 1,3 -,7,1 7,3 USDCHF,9719 -,17,9735 -,1,9 -,35 AUDCAD,9,1,97 -, -,91 1, Selected currency pairs Normalised % performances 1 11 Spot Gold 5 Day SMA Day SMA Currency headlines On Tuesday, the rand continued to weaken, despite getting off to a strong start. This slump in the rand was once again mainly attributed to a firm dollar, with the greenback buoyed by upbeat data releases. In addition, the dollar has been recently supported by hawkish commentary from US Federal Reserve officials. After a previous close of R13.599/$ on Monday, the rand was at a high of R13.577/$ at :5. From there, the rand slumped to a low of R13.73/$ at 1:, before moving to trade at R13./$ at 17:. Lastly, the local currency managed to erase some of its losses overnight as it moved to just above the R13./$ level this morning. 13,9 13,7 USDZAR Last 1 days 13,5 13,3 13,1 1,9 1,7 1,5 Brent Crude 5 Day SMA Day SMA EURUSD Last 1 days 1, 1, 1,1 - - - USDZAR EURUSD USDJPY 1,1 1,1 1,1 1,1 1, 1, EURUSD 5 Day SMA Day SMA Disclaimer: This note is prepared for Sanlam Private Wealth (Pty) Ltd, by K131313 (Pty) Ltd trading as Thompson Green. Thompson Green is an independent company contracted to Sanlam Private Wealth (Pty) Ltd. The views expressed in this note are those of Thompson Green and/or its analysts and not necessarily the views of Sanlam Private Wealth (Pty) Ltd, Sanlam or any officer or agent thereof. K131313 (Pty) Ltd trading as Thompson Green is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The information in this document is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board. We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions in this publication and any trading or investment losses you may incur. Should you outperform inflation, we will take the credit. Thompson Green also acts as an Introducer of Business to Authorised Financial Services Providers. All accounts opened are held by the Authorised Registered Financial Services Provider and not Thompson Green. The information in this email is confidential and may be legally privileged. It is intended solely for the addressee. Access to this email by anyone else is unauthorised. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. If you are not the intended recipient please return the message to the sender and delete it from your records.