This page explains what the entries on a claim mean, how they come about, and which interests have to be disclosed alongside them. It is an information page, not a contract — there is nothing to accept.
It complements No Investment Advice: that page says what the service is not; this one says how to read what it does show.
A claim is a single statement lifted out of a source — an assessment, a figure, a probability, an event. It is always tied to the publication it came from and to the date that publication appeared. Not to the date we ingested it: an assessment read today out of a six-month-old report is six months old.
Every claim carries one of three classifications, shown beneath the claim rather than behind a hover.
| Classification | Meaning |
|---|---|
| Verbatim | The statement reproduces the source unchanged — a row from a rating table, for instance. Nothing was condensed. |
| Condensed | Summarised from the source text. Conditions, qualifications and time references in the original wording may have been lost. The original governs. |
| Synthesised | Assembled from several sources or derived. The source did not say this — the combination is ours. |
For condensed statements we show the original sentence they were condensed from, where we hold it. Where we do not, we say so explicitly. We do not hide such claims: a missing quotation is a defect in our processing, and concealing it would be the opposite of diligence.
The action on a claim is the source's stance. It is not our recommendation and not a statement tailored to you.
| Entry | Meaning |
|---|---|
| Buy / Overweight | The source expects better performance than the relevant benchmark. |
| Hold / Neutral | The source sees no reason to change. |
| Sell / Underweight | The source expects worse performance than the benchmark. |
Without an explicit horizon on the claim, these refer to the horizon the source customarily uses. Where we know it, it is shown.
Where statements from several sources are combined into one picture, each source carries a weight. That weight is an editorial judgement, not a measured value, and is contestable like any judgement. It rests on how traceable the reasoning is, how densely it is evidenced, and how consistent the source has been over time.
A signal combined from several sources is our statement, not that of the sources cited. It is marked as synthesised.
Interests attributable to an individual statement are disclosed at the claim itself — not on an overview page you would have to go looking for. Interests that exist generally and belong to no single statement are disclosed here.
Disclosed in particular: any commission we receive if you subscribe to the provider whose statement we display, and whether a source was produced by us.
Our own positions. The operator may be invested in instruments named in statements shown here. This notice sits here deliberately rather than on each affected statement: marking every individual claim would disclose the composition of the operator's own portfolio, which goes beyond disclosing the interest without making the disclosure any better.
Such a notice is a statement about us, not a rating of the provider. "Partner" does not mean "recommended" and is not meant as a distinction. A commercial relationship influences neither the weight of a source nor the order in which statements appear.
If a provider objects to their content being shown, we remove the reasoning. Origin, timestamp and direction remain — and only where a transaction already rests on the statement. In that case it is no longer distribution of someone else's content but your own record of a decision already taken. For every other user the statement disappears entirely.
The compilation does not take account of your personal circumstances, your investment objectives, your capacity to bear risk or your tax position. Even where statements appear sorted by instruments you hold, that is a sorting of your own holdings — not a recommendation tailored to you.