Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55

Analyst Date ISIN Company Name Recommendation (1) TP(1) Market Price(2) Adam Forsyth 19/07/2018 CY0106502111 DekelOil BUY 19p 6.0p Adam Forsyth 16/07/2018 GB00B18S7B29 AFC Energy BUY 61p 11.0p Adam Forsyth 13/07/2018 GB00B18S7B29 AFC Energy BUY 61p 11.15p Adam Forsyth 11/07/2018 SG9999011118 SIMEC Atlantis Energy BUY 75p 32.5p Adam Forsyth 29/06/2018 GB00BTFR4F17 Windar Photonics BUY 130p 87.5p Adam Forsyth 28/06/2018 CH0110303119 Leclanché BUY Under Review CHF1.85 Adam Forsyth 28/06/2018 CY0106502111 DekelOil BUY 19p from 22p 7.2p Adam Forsyth 26/06/2018 CY0106502111 DekelOil BUY 22p 7.05p Adam Forsyth 20/06/2018 AU0000XINAS1 CAP-XX BUY 18p 8.6p Adam Forsyth 18/06/2018 SG9999011118 SIMEC Atlantis Energy BUY 75p 36p Adam Forsyth 15/06/2017 US7434651060 ProPhotonix BUY 23.5p 12.0p Adam Forsyth 29/05/2018 US7434651060 ProPhotonix BUY 23.5p 10.75p Adam Forsyth 24/05/2018 GB00BTFR4F17 Windar Photonics BUY 130p 98p Adam Forsyth 21/05/2018 US40638H1086 HaloSource HOLD 9.8p 1.27p Adam Forsyth 15/05/2018 US62847T2024 MYCELX Technologies BUY 125p 110p Adam Forsyth 09/05/2018 US40638H1086 HaloSource HOLD from BUY 10p 1.4p Adam Forsyth 19/04/2018 US62847T2024 MYCELX Technologies BUY 125p from 114p 102p Adam Forsyth 16/04/2018 US40638H1086 HaloSource BUY 9.8p 1.5p Adam Forsyth 13/04/2018 CY0106502111 DekelOil BUY 22p from 26p 9.8p Adam Forsyth 11/04/2018 US7434651060 ProPhotonix BUY 23.5p 8.5p Adam Forsyth 11/04/2018 AU0000XINAS1 CAP-XX BUY 18p 9.25p Adam Forsyth 10/04/2018 GB00B19H7076 Flowgroup Under Review U/R 0.08p Adam Forsyth 10/04/2018 US62847T2024 MYCELX Technologies BUY 114p 95p Adam Forsyth 22/03/2018 US40638H1086 HaloSource BUY 9.8p 1.43p Adam Forsyth 14/03/2018 US7434651060 ProPhotonix BUY 23.5p 8.8p Adam Forsyth 07/03/2018 GB00B18S7B29 AFC Energy BUY 61p from 68p 10.77p Adam Forsyth 06/03/2018 AU0000XINAS1 CAP-XX BUY 18p 10.98p Adam Forsyth 28/02/2018 CY0106502111 DekelOil BUY 26p from 24p 10.3p Adam Forsyth 19/02/2018 CH0110303119 Leclanché HOLD CHF2.40 CHF2.52 Adam Forsyth 08/02/2018 GB00BTFR4F17 Windar Photonics BUY from HOLD 130p from U/R 88p Adam Forsyth 08/02/2018 CH0110303119 Leclanché HOLD CHF2.40 CHF2.46 Adam Forsyth 06/02/2018 US62847T2024 MYCELX Technologies BUY 114p 105p Adam Forsyth 06/02/2018 GB00BTFR4F17 Windar Photonics HOLD U/R 87.5p Adam Forsyth 31/01/2018 GB00B1GDWB47 Good Energy BUY 3.6p 1.9p Adam Forsyth 31/01/2018 US7434651060 ProPhotonix BUY 23.5p 9.0p Adam Forsyth 22/01/2018 CY0106502111 DekelOil BUY 24p 10.65p Adam Forsyth 22/01/2018 US62847T2024 MYCELX Technologies BUY 114p 107.5p Adam Forsyth 17/01/2018 US62847T2024 MYCELX Technologies BUY 112p 90p Adam Forsyth 16/01/2018 CY0106502111 DekelOil BUY 24p 8.9p Adam Forsyth 16/01/2018 GB00B1GDWB47 Plutus Powergen BUY 3.6p 2.35p Adam Forsyth 12/01/2018 US40638H1086 HaloSource BUY 9.8p 1.05p Adam Forsyth 10/01/2018 IM00B2R3RX72 OPG Power Ventures HOLD 22.5p 23.15p Adam Forsyth 08/01/2018 GB00B18S7B29 AFC Energy BUY 68p 11.73p Adam Forsyth 04/01/2018 JE00BYTQ7945 Green & Smart BUY 10.2p from 12.5p 6.1p Adam Forsyth 03/01/2018 US40638H1086 HaloSource BUY 9.8p 1.1p Adam Forsyth 13/12/2017 IM00B2R3RX72 OPG Power Ventures HOLD 22.5p from 30p 22.8p Adam Forsyth 07/12/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 104.5p Adam Forsyth 06/12/2017 GB00B18S7B29 AFC Energy BUY 68p 14.63p Adam Forsyth 04/12/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 86.5p Adam Forsyth 30/11/2017 GB00B19H7076 Flowgroup HOLD U/R 0.71p Adam Forsyth 29/11/2017 GB00B1GDWB47 Plutus Powergen BUY 3.6p 2.35p Adam Forsyth 24/11/2017 AU0000XINAS1 CAP-XX BUY 18p 12.5p Adam Forsyth 20/11/2017 AU0000XINAS1 CAP-XX BUY 18p 12.5p Adam Forsyth 16/11/2017 GB00B1GDWB47 Plutus Powergen BUY 3.6p from U/R 2.55p Adam Forsyth 14/11/2017 US40638H1086 HaloSource BUY 10p 1.8p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Adam Forsyth 09/11/2017 CH0110303119 Leclanché HOLD CHF2.4 CHF2.46 Adam Forsyth 06/11/2017 CH0110303119 Leclanché HOLD CHF2.4 CHF2.4 Adam Forsyth 01/11/2017 FR0012650166 Electro Power Systems HOLD from BUY €15.3 from €10.5 € 15.00 Adam Forsyth 25/10/2017 CY0106502111 DekelOil BUY 24p 9.63p Adam Forsyth 23/10/2017 CY0106502111 DekelOil BUY 24p 9.63p Adam Forsyth 20/10/2017 IM00B2R3RX72 OPG Power Ventures HOLD from BUY 30p from 101p 29.5p Adam Forsyth 19/10/2017 GB00B1GDWB47 Plutus Powergen BUY from HOLD 3.6p from U/R 2.5p Adam Forsyth 18/10/2017 CY0106502111 DekelOil BUY 24p 12p Adam Forsyth 17/10/2017 AU0000XINAS1 CAP-XX BUY 18p 12.4p Adam Forsyth 16/10/2017 CH0110303119 Leclanché HOLD CHF2.4 CHF2.3 Adam Forsyth 11/10/2017 GG00B64BJ143 Mytrah Energy HOLD from BUY 25p from 130p 25p Adam Forsyth 02/10/2017 GB00B18S7B29 AFC Energy BUY 68p 10.75p Adam Forsyth 29/09/2017 IM00B2R3RX72 OPG Power Ventures BUY 101p 23.5p Adam Forsyth 29/09/2017 GG00B64BJ143 Mytrah Energy BUY 130p 29.5p Adam Forsyth 27/09/2017 CY0106502111 DekelOil BUY 24p from U/R 11.9p Adam Forsyth 22/09/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 92.5p Adam Forsyth 20/09/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 9.50 Adam Forsyth 19/09/2017 CH0110303119 Leclanché HOLD CHF2.40 CHF2.18 Adam Forsyth 18/09/2017 JE00BWV6BD02 MayAir BUY 117p 77.5p Adam Forsyth 18/09/2017 GG00B64BJ143 Mytrah Energy BUY 130p 29.63p Adam Forsyth 14/09/2017 GB00B1GDWB47 Plutus Powergen HOLD U/R 2.33p Adam Forsyth 13/09/2017 GB0033600353 Good Energy HOLD U/R from 267p 224p Adam Forsyth 13/09/2017 US62847T2024 MYCELX Technologies BUY 112p 57.5p Adam Forsyth 06/09/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 8.80 Adam Forsyth 04/09/2017 GB00B1GDWB47 Plutus Powergen HOLD U/R 2.13p Adam Forsyth 30/08/2017 IM00B2R3RX72 OPG Power Ventures BUY 101p from 124p 42p Adam Forsyth 24/08/2017 JE00BYTQ7945 Green & Smart BUY 12.5p 8.63p Adam Forsyth 23/08/2017 CH0110303119 Leclanché HOLD CHF2.4 from U/R CHF2.4 Adam Forsyth 10/08/2017 GB00B1GDWB47 Plutus Powergen HOLD U/R 1.68p Adam Forsyth 09/08/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 83.5p Adam Forsyth 03/08/2017 JE00BWV6BD02 MayAir Group BUY 117p 81p Adam Forsyth 01/08/2017 GB00B1GDWB47 Plutus Powergen HOLD U/R 1.68p Adam Forsyth 28/07/2017 CH0110303119 Leclanché HOLD from BUY U/R CHF4.80 CHF2.41 Adam Forsyth 20/07/2017 CY0106502111 DekelOil BUY U/R 11.75p Adam Forsyth 14/07/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 83p Adam Forsyth 12/07/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 73.5p Adam Forsyth 07/07/2017 US62847T2024 MYCELX Technologies BUY 112p 57.5p Adam Forsyth 06/07/2017 CH0110303119 Leclanché BUY U/R from CHF4.80 CHF2.52 Adam Forsyth 29/06/2017 GB00B18S7B29 AFC Energy BUY 68p 11.0p Adam Forsyth 29/06/2017 IM00B2R3RX72 OPG Power Ventures BUY 124p 47p Adam Forsyth 28/06/2017 CY0106502111 DekelOil BUY 25p 11.75p Adam Forsyth 27/06/2017 CH0110303119 Leclanché BUY CHF4.80 CHF2.39 Adam Forsyth 26/06/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 68.5p Adam Forsyth 22/06/2017 JE00BYTQ7945 Green & Smart BUY 12.5p 9.38p Adam Forsyth 19/06/2017 JE00BYTQ7945 Green & Smart BUY 12.5p 9.63p Adam Forsyth 12/06/2017 GG00B64BJ143 Mytrah Energy BUY 130p 25.25p Adam Forsyth 09/06/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 87.5p Adam Forsyth 08/06/2017 GB00B18S7B29 AFC Energy BUY 68p 11.0p Adam Forsyth 08/06/2017 CH0110303119 Leclanché BUY CHF4.80 CHF2.37 Adam Forsyth 06/06/2017 CY0106502111 DekelOil BUY 25p from 29p 13.8p Adam Forsyth 02/06/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 6.92 Adam Forsyth 31/05/2017 IM00B2R3RX72 OPG Power Ventures BUY 124p 41.25p Adam Forsyth 31/05/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 6.70 Adam Forsyth 30/05/2017 GB00B1GDWB47 Plutus Powergen HOLD U/R 1.4p Adam Forsyth 26/05/2017 USU624551078 MYCELX Technologies BUY 112p 50p Adam Forsyth 25/05/2017 GB00B19H7076 Flowgroup HOLD 1.8p 1.13p Adam Forsyth 16/05/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 6.85 Adam Forsyth 16/05/2017 GB00B0P66Q02 CyanConnode BUY 0.7p 0.18p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Adam Forsyth 15/05/2017 CH0110303119 Leclanché BUY CHF4.80 CHF2.46 Adam Forsyth 12/05/2017 GB00B19H7076 Flowgroup HOLD from Under Review 1.8p from 21p 1.8p Adam Forsyth 11/05/2017 GB00B19H7076 Flowgroup Under Review Under Review 3.1p Adam Forsyth 11/05/2017 GB0033600353 Good Energy HOLD 267p from 273p 246p Adam Forsyth 11/05/2017 GB00B19H7076 Flowgroup BUY 21p 3.1p Adam Forsyth 11/05/2017 US62847T2024 MYCELX Technologies BUY 112p 50p Adam Forsyth 10/05/2017 GB0033600353 Good Energy HOLD 273p 245.5p Adam Forsyth 10/05/2017 CY0106502111 DekelOil BUY 29p 13.75p Adam Forsyth 09/05/2017 GB00B18S7B29 AFC Energy BUY 68p 11.75p Adam Forsyth 26/04/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 87.5p Adam Forsyth 26/04/2017 JE00BYTQ7945 Green & Smart BUY 12.5p 9.6p Adam Forsyth 25/04/2017 GB00B18S7B29 AFC Energy BUY 68p 11.5p Adam Forsyth 21/04/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 6.80 Adam Forsyth 13/04/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 7.06 Adam Forsyth 12/04/2017 GB00B0P66Q02 CyanConnode BUY 0.7p 0.2p Adam Forsyth 12/04/2017 JE00BWV6BD02 MayAir Group BUY 117p 85p Adam Forsyth 10/04/2017 CY0106502111 DekelOil BUY 29p 12.63p Adam Forsyth 07/02/2017 GB00BTFR4F17 Windar Photonics HOLD U/R 87.5p Adam Forsyth 05/04/2017 IM00B2R3RX72 OPG Power Ventures BUY 124p 53p Adam Forsyth 05/04/2017 CH0110303119 Leclanché BUY CHF 4.80 CHF 2.7 Adam Forsyth 24/03/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 6.89 Adam Forsyth 24/03/2017 GB00B18S7B29 AFC Energy BUY 68p 12.5p Adam Forsyth 21/03/2017 GB0033600353 Good Energy HOLD 273p 255p Adam Forsyth 21/03/2017 GB00B19H7076 Flowgroup BUY 21p 3.88p Adam Forsyth 09/03/2017 JE00BWV6BD02 MayAir Group BUY 117p from 12p 77p Adam Forsyth 08/03/2017 CH0110303119 Leclanché BUY CHF 4.80 CHF 2.8 Adam Forsyth 07/03/2017 JE00BWV6BD02 MayAir Group BUY TP U/R from 129p 88.5p Adam Forsyth 06/03/2017 GB00B18S7B29 AFC Energy BUY 68p from 77p 15p Adam Forsyth 02/03/2017 GB00B1GDWB47 Plutus Powergen HOLD from BUY U/R from 3.8p 242p Adam Forsyth 01/03/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 6.94 Adam Forsyth 28/02/2017 IM00B2R3RX72 OPG Power Ventures BUY 124p 53p Adam Forsyth 28/02/2017 GB00B0P66Q02 CyanConnode BUY 0.7p 0.19p Adam Forsyth 22/02/2017 CH0110303119 Leclanché BUY CHF 4.80 CHF 2.8 Adam Forsyth 16/02/2017 FR0012650166 Electro Power Systems BUY € 10.50 € 7.17 Asa Bridle 22/06/2018 GB0033756866 Trans-Siberian Gold BUY 97p from 91p 35p Asa Bridle 18/06/2018 GB00BD8GP619 KEFI Minerals BUY 15p 2.7p Asa Bridle 15/06/2018 CA6871961059 Orosur Mining Under review from BUY Under Review from 29p 4.0p Asa Bridle 15/06/2018 GB00BD8GP619 KEFI Minerals BUY 15p from 22p 3.6p Asa Bridle 07/06/2018 CA6871961059 Orosur Mining BUY 29p 4.25p Asa Bridle 04/06/2018 GB0033756866 Trans-Siberian Gold BUY 91p 37p Asa Bridle 31/05/2018 GB0033756866 Trans-Siberian Gold BUY 91p 37p Asa Bridle 30/05/2018 GB0033756866 Trans-Siberian Gold BUY 91p 37.5p Asa Bridle 29/05/2018 GB0033163287 Beowulf Mining Under Review Under Review 5.55p Asa Bridle 24/05/2018 GB00B60BWY28 Hummingbird Resources BUY 41p 32.25p Asa Bridle 22/05/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 12p 5.13p Asa Bridle 16/05/2018 GB0033163287 Beowulf Mining Under Review Under Review 6.6p Asa Bridle 14/05/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.25p Asa Bridle 14/05/2018 JE00BF0XVB15 Caledonia Mining BUY 989p 685p Asa Bridle 10/05/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 12p 5.6p Asa Bridle 08/05/2018 GB00BD8GP619 KEFI Minerals BUY 22p 2.8p Asa Bridle 08/05/2018 GB00BD8GP619 KEFI Minerals BUY 22p 2.65p Asa Bridle 04/05/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.00p Asa Bridle 02/05/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.00p Asa Bridle 01/05/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 12p 6.25p Asa Bridle 30/04/2018 GB0033756866 Trans-Siberian Gold BUY 91p 39p Asa Bridle 30/04/2018 GB00B60BWY28 Hummingbird Resources BUY 41p 32p Asa Bridle 27/04/2018 CA6261351077 Mundoro Capital BUY C$0.66 C$0.135 Asa Bridle 25/04/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 12p 6.25p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Asa Bridle 25/04/2018 GB0033163287 Beowulf Mining Under Review Under Review 6.25p Asa Bridle 23/04/2018 CY0106002112 Atalaya Mining BUY 239p 236p Asa Bridle 16/04/2018 BMG319201049 Griffin Mining BUY 190p from 166p 134p Asa Bridle 16/04/2018 CA6871961059 Orosur Mining BUY 29p 6.4p Asa Bridle 13/04/2018 CY0106002112 Atalaya Mining BUY 239p 221p Asa Bridle 12/04/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.0p Asa Bridle 11/04/2018 CY0106002112 Atalaya Mining BUY 239p 213.5p Asa Bridle 10/04/2018 BMG319201049 Griffin Mining BUY 166p 137.5p Asa Bridle 10/04/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 12p from 16.5p 6.75p Asa Bridle 09/04/2018 JE00BF0XVB15 Caledonia Mining BUY 989p 595p Asa Bridle 04/04/2018 CA6871961059 Orosur Mining BUY 29p 6.9p Asa Bridle 04/04/2018 JE00BF0XVB15 Caledonia Mining BUY 989p 538p Asa Bridle 03/04/2018 JE00BF0XVB15 Caledonia Mining BUY 989p 525p Asa Bridle 27/03/2018 GB0033756866 Trans-Siberian Gold BUY 91p from 108p 40p Asa Bridle 23/03/2018 GB0033756866 Trans-Siberian Gold BUY 108p 41p Asa Bridle 23/03/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.1p Asa Bridle 21/03/2018 GB00B1XH2C03 Ferrexpo BUY 354p 302p Asa Bridle 14/03/2018 CY0106002112 Atalaya Mining BUY 239p 215p Asa Bridle 05/03/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 7.75p Asa Bridle 02/03/2018 CA6261351077 Mundoro Capital BUY C$0.66 C$0.14 Asa Bridle 28/02/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.5p Asa Bridle 20/02/2018 CA6871961059 Orosur Mining BUY 29p 9.5p Asa Bridle 16/02/2018 GB00B60BWY28 Hummingbird Resources BUY 41p 33.5p Asa Bridle 16/02/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.9p Asa Bridle 12/02/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.0p Asa Bridle 12/02/2018 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 7.75p Asa Bridle 02/02/2018 JE00BF0XVB15 Caledonia BUY 989p 543p Asa Bridle 01/02/2018 GB00BD8GP619 KEFI Minerals BUY 22p 3.6p Asa Bridle 01/02/2018 GB0033163287 Beowulf Mining Under Review Under Review 8.0p Asa Bridle 30/01/2018 GB0033163287 Beowulf Mining Under Review Under Review 7.75p Asa Bridle 29/01/2018 CA6871961059 Orosur Mining BUY 29p 11p Asa Bridle 22/01/2018 CY0106002112 Atalaya Mining BUY 239p 185p Asa Bridle 22/01/2018 CA6261351077 Mundoro Capital BUY C$0.66 C$0.135 Asa Bridle 19/01/2018 GB0033756866 Trans-Siberian Gold BUY 108p 46.5p Asa Bridle 18/01/2018 GB00BD8GP619 KEFI Minerals BUY 22p 3.2p Asa Bridle 15/01/2018 CA6871961059 Orosur Mining BUY 38p 11.75p Asa Bridle 09/01/2018 GB00B1XH2C03 Ferrexpo BUY 354p 299p Asa Bridle 20/12/2017 CA6261351077 Mundoro Capital BUY C$0.66 from C$0.64 C$0.13 Asa Bridle 19/12/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 8.0p Asa Bridle 12/12/2017 BMG319201049 Griffin Mining BUY 166p from 137p 97p Asa Bridle 12/12/2017 BMG319201049 Griffin Mining BUY 137p from 104p 86p Asa Bridle 04/12/2017 GB0033163287 Beowulf Mining U/R U/R 5.6p Asa Bridle 01/12/2017 GB0033163287 Beowulf Mining U/R from BUY U/R 10.6p Asa Bridle 29/11/2017 GB0033163287 Beowulf Mining BUY U/R 7.6p Asa Bridle 28/11/2017 GB00BD8GP619 KEFI Minerals BUY 22p 3.6p Asa Bridle 27/11/2017 GB00BD8GP619 KEFI Minerals BUY 22p 4.1p Asa Bridle 27/11/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 7.0p Asa Bridle 22/11/2017 CA6871961059 Orosur Mining BUY 38p 14.5p Asa Bridle 22/11/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 7.1p Asa Bridle 20/11/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 8.1p Asa Bridle 17/11/2017 GB00B1XH2C03 Ferrexpo BUY 354p 243p Asa Bridle 16/11/2017 CY0106002112 Atalaya Mining BUY 239p 173p Asa Bridle 14/11/2017 CA6871961059 Orosur Mining BUY 38p 13.75p Asa Bridle 09/11/2017 GB00BD8GP619 KEFI Minerals BUY 22p from 23p 4.5p Asa Bridle 03/11/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.13 Asa Bridle 31/10/2017 GB00BD8GP619 KEFI Minerals BUY 23p 4.5p Asa Bridle 30/10/2017 GB0033163287 Beowulf Mining BUY U/R 7.4p Asa Bridle 23/10/2017 GB00BD8GP619 KEFI Minerals BUY 23p 4.45p Asa Bridle 19/10/2017 CA6871961059 Orosur Mining BUY 38p 15.25p Asa Bridle 19/10/2017 GB0033756866 Trans-Siberian Gold BUY 108p 38.5p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Asa Bridle 16/10/2017 CA6871961059 Orosur Mining BUY 38p 16p Asa Bridle 12/10/2017 CY0106002112 Atalaya Mining BUY 239p 169p Asa Bridle 10/10/2017 BMG319201049 Griffin Mining BUY 137p from 104p 77p Asa Bridle 10/10/2017 GB00BD8GP619 KEFI Minerals BUY 23p 4.25p Asa Bridle 10/10/2017 GB0033163287 Beowulf Mining BUY U/R 7.9p Asa Bridle 05/10/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.17 Asa Bridle 02/10/2017 GB0033163287 Beowulf Mining BUY U/R 8.8p Asa Bridle 02/10/2017 CA6871961059 Orosur Mining BUY 38p 17.5p Asa Bridle 29/09/2017 GB0033756866 Trans-Siberian Gold BUY 108p 37p Asa Bridle 27/09/2017 GB00BD8GP619 KEFI Minerals BUY 23p 4.5p Asa Bridle 22/09/2017 GB0033163287 Beowulf Mining BUY U/R 8.8p Asa Bridle 21/09/2017 CA6871961059 Orosur Mining BUY 38p 17.5p Asa Bridle 15/09/2017 GB00B60BWY28 Hummingbird Resources BUY 41p from 32p 33p Asa Bridle 14/09/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 10.5p Asa Bridle 07/09/2017 CY0106002112 Atalaya Mining BUY 239p 191.5p Asa Bridle 01/09/2017 GB00B1XH2C03 Ferrexpo BUY 354p from U/R 297p Asa Bridle 29/08/2017 CA6871961059 Orosur Mining BUY 38p 15.25p Asa Bridle 24/08/2017 BMG319201049 Griffin Mining BUY 104p from 95p 63p Asa Bridle 21/08/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p 10.75p Asa Bridle 16/08/2017 GB00BD8GP619 KEFI Minerals BUY 23p from 26p 5.5p Asa Bridle 15/08/2017 CA6871961059 Orosur Mining BUY 38p from 41p 15.3p Asa Bridle 10/08/2017 GB00BD8GP619 KEFI Minerals BUY 26p 5.2p Asa Bridle 09/08/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.155 Asa Bridle 08/08/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 16.5p from 14p 10.3p Asa Bridle 07/08/2017 GB00BD8GP619 KEFI Minerals BUY 26p 4.7p Asa Bridle 03/08/2017 BMG319201049 Griffin Mining BUY 95p 66p Asa Bridle 03/08/2017 GB00B1XH2C03 Ferrexpo U/R from BUY U/R from 166p 240p Asa Bridle 31/07/2017 CY0106002112 Atalaya Mining BUY 239p 131.5p Asa Bridle 10/07/2017 CA6871961059 Orosur Mining BUY 41p from 44p 13p Asa Bridle 30/06/2017 GB0033756866 Trans-Siberian Gold BUY 108p 38p Asa Bridle 22/06/2017 GB0033756866 Trans-Siberian Gold BUY 108p 41.5p Asa Bridle 20/06/2017 CA6871961059 Orosur Mining BUY 44p 14.2p Asa Bridle 20/06/2017 GB0033756866 Trans-Siberian Gold BUY 108p 39p Asa Bridle 19/06/2017 GB0033163287 Beowulf Mining BUY U/R 9.0p Asa Bridle 16/06/2017 GB0033163287 Beowulf Mining BUY Under Review 9p Asa Bridle 15/06/2017 GB00BD8GP619 KEFI Minerals BUY 26p 5.6p Asa Bridle 13/06/2017 GB00B60BWY28 Hummingbird Resources BUY 32p 26.25p Asa Bridle 08/06/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.185 Asa Bridle 05/06/2017 CY0106002112 Atalaya Mining BUY 239p 124.5p Asa Bridle 25/05/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 14p 8.7p Asa Bridle 24/05/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.265 Asa Bridle 24/05/2017 GB0033163287 Beowulf Mining BUY Under Review 7.8p Asa Bridle 18/05/2017 GB0033163287 Beowulf Mining BUY Under Review 8.9p Asa Bridle 12/05/2017 GB0033163287 Beowulf Mining BUY Under Review 9.5p Asa Bridle 09/05/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 14p 9.4p Asa Bridle 02/05/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.24 Asa Bridle 24/04/2017 GB00B60BWY28 Hummingbird Resources BUY 32p 24.5p Asa Bridle 20/04/2017 CY0106002112 Atalaya Mining BUY 239p 142p Asa Bridle 11/04/2017 GB00B60BWY28 Hummingbird Resources BUY 32p 25p Asa Bridle 06/04/2017 BMG319201049 Griffin Mining BUY 95p 59p Asa Bridle 03/04/2017 CA6871961059 Orosur Mining BUY 44p 14.2p Asa Bridle 31/03/2017 GB0033163287 Beowulf Mining BUY U/R 8.25p Asa Bridle 30/03/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 14p 11.25p Asa Bridle 23/03/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.155 Asa Bridle 22/03/2017 GB00B1XH2C03 Ferrexpo BUY 166p 163p Asa Bridle 13/03/2017 GB0033163287 Beowulf Mining BUY U/R 10p Asa Bridle 09/03/2017 BMG319201049 Griffin Mining BUY 95p from 56p 51p Asa Bridle 08/03/2017 CY0106002112 Atalaya Mining BUY 239p from 217p 146p Asa Bridle 07/03/2017 CY0106002112 Atalaya Mining BUY 239p from 217p 146p Asa Bridle 28/02/2017 GB0033163287 Beowulf Mining BUY U/R 9.75p Asa Bridle 23/02/2017 CY0106002112 Atalaya Mining BUY 217p 149p Asa Bridle 22/02/2017 GB0033163287 Beowulf Mining BUY U/R 12.4p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Asa Bridle 21/02/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 14p from 12p 11.6p Asa Bridle 16/02/2017 GB0033163287 Beowulf Mining BUY U/R 10.5p Asa Bridle 02/02/2017 GB00B60BWY28 Hummingbird Resources BUY 32p 24p Asa Bridle 31/01/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.155 Asa Bridle 24/01/2017 CA6871961059 Orosur Mining BUY 44p from 32p 16.9p Asa Bridle 19/01/2017 CA6871961059 Orosur Mining BUY 32p 16.5p Asa Bridle 19/01/2017 GB00B06Y3F14 Rambler Metals & Mining BUY 12p 8.9p Asa Bridle 19/01/2017 GB0033756866 Trans-Siberian Gold BUY 108p 43p Asa Bridle 17/01/2017 CY0106002112 Atalaya Mining BUY 217p 161p Asa Bridle 16/01/2017 CA6871961059 Orosur Mining BUY 32p 15.4p Asa Bridle 11/01/2017 GB00B60BWY28 Hummingbird Resources BUY 32p 22.25p Asa Bridle 10/01/2017 CA6261351077 Mundoro Capital BUY C$0.64 C$0.14 Asa Bridle 09/01/2017 GB00B1XH2C03 Ferrexpo BUY 166p 130p Ashley Kelty/Jack Allardyce 16/07/2018 CA78410A1075 SDX Energy BUY 81p from 79p 59.5p Ashley Kelty/Jack Allardyce 06/07/2018 AU000000RRS3 Range Resources BUY 0.7p 0.175p Ashley Kelty/Jack Allardyce 03/07/2018 GB00BF44KY60 Rose Petroleum BUY 9p 2.95p Ashley Kelty/Jack Allardyce 28/06/2018 GB00B0CY5V57 Serica Energy BUY 104p 58p Ashley Kelty/Jack Allardyce 22/06/2018 GB00B1250X28 Lansdowne Oil & Gas BUY 2.0p from 4.4p 1.25p Ashley Kelty/Jack Allardyce 21/06/2018 CA78410A1075 SDX Energy BUY 79p 61.5p Ashley Kelty/Jack Allardyce 18/06/2018 CA78410A1075 SDX Energy BUY 79p 60.5p Ashley Kelty/Jack Allardyce 06/06/2018 IM00B1FPZP63 Chariot Oil & Gas HOLD 10p 8.2p Ashley Kelty/Jack Allardyce 29/05/2018 AU000000RRS3 Range Resources BUY 0.7p 0.23p Ashley Kelty/Jack Allardyce 24/05/2018 AU000000RRS3 Range Resources BUY 0.7p 0.23p Ashley Kelty/Jack Allardyce 22/05/2018 GB00B0CY5V57 Serica Energy BUY 104p from 105p 70.4p Ashley Kelty/Jack Allardyce 22/05/2018 CA78410A1075 SDX Energy BUY 79p 72.5p Ashley Kelty/Jack Allardyce 18/05/2018 CA78410A1075 SDX Energy BUY 79p frpm 74p 72p Ashley Kelty/Jack Allardyce 17/05/2018 CA78410A1075 SDX Energy BUY 74p 71p Ashley Kelty/Jack Allardyce 10/05/2018 GB00B0CY5V57 Serica Energy BUY 105p 71p Ashley Kelty/Jack Allardyce 08/05/2018 CA78410A1075 SDX Energy BUY 74p from 72p 63.75p Ashley Kelty/Jack Allardyce 01/05/2018 IM00B1FPZP63 Chariot Oil & Gas HOLD 10p from 16p 8.3p Ashley Kelty/Jack Allardyce 30/04/2018 IM00B1FPZP63 Andalas Energy & Power UR from BUY UR from 50p 0.02p Ashley Kelty/Jack Allardyce 30/04/2018 GB00B0CY5V57 Serica Energy BUY 105p 82.2p Ashley Kelty/Jack Allardyce 24/04/2018 AU000000RRS3 Range Resources BUY 0.7p 0.25p Ashley Kelty/Jack Allardyce 24/04/2018 CA78410A1075 SDX Energy BUY 72p from 69p 66.1p Ashley Kelty/Jack Allardyce 20/04/2018 CA78410A1075 SDX Energy BUY 69p from 68p 57.5p Ashley Kelty/Jack Allardyce 17/04/2018 GB0032087826 Amerisur Resources BUY 24p 15.4p Ashley Kelty/Jack Allardyce 16/04/2018 GB00B8JG4R91 Trinity Exploration & Production BUY 38p 19p Ashley Kelty/Jack Allardyce 12/04/2018 CA78410A1075 SDX Energy BUY 68p from 64p 48.75p Ashley Kelty/Jack Allardyce 11/04/2018 GB00B580MF54 Hurricane Energy BUY 80p from U/R 37.12p Ashley Kelty/Jack Allardyce 10/04/2018 GB00B580MF54 Hurricane Energy BUY 80p 35.76p Ashley Kelty/Jack Allardyce 26/03/2018 CA78410A1075 SDX Energy BUY 64p 50p Ashley Kelty/Jack Allardyce 23/03/2018 AU000000RRS3 Range Resources BUY 0.7p 0.23p Ashley Kelty/Jack Allardyce 23/03/2018 CA78410A1075 SDX Energy BUY 64p 50.25p Ashley Kelty/Jack Allardyce 22/03/2018 AU000000RRS3 Range Resources BUY 0.7p 0.23p Ashley Kelty/Jack Allardyce 21/03/2018 CA78410A1075 SDX Energy BUY 64p 49.5p Ashley Kelty/Jack Allardyce 21/03/2018 AU000000RRS3 Range Resources BUY 0.7p 0.175p Ashley Kelty/Jack Allardyce 16/03/2018 AU000000RRS3 Range Resources BUY 0.7p from 1.7p 0.175p Ashley Kelty/Jack Allardyce 16/03/2018 GB00B8JG4R91 Trinity Exploration & Production BUY 38p 15.9p Ashley Kelty/Jack Allardyce 16/03/2018 CA78410A1075 SDX Energy BUY 64p 47.25p Ashley Kelty/Jack Allardyce 09/03/2018 CA78410A1075 SDX Energy BUY 64p 44.25p Ashley Kelty/Jack Allardyce 27/02/2018 IM00B1FPZP63 Chariot Oil & Gas HOLD 16p from 9p 15.15p Ashley Kelty/Jack Allardyce 26/02/2018 CA78410A1075 SDX Energy BUY 64p from 84p 48p Brian White 20/07/2018 GB00BRS65X63 Indivior HOLD 370p from 450p 351p Brian White 18/07/2018 USU9221J1098 Verseon BUY 232p 144p Brian White 17/07/2018 GB00BDHSP575 Destiny Pharma BUY 330p 109p Brian White 25/06/2018 CH0106213793 Polyphor AG BUY CHF59 CHF30 Brian White 11/06/2018 GB00BRS65X63 Indivior HOLD 440p from 350p 490p Brian White 01/06/2018 IE0033024807 UDG Healthcare BUY 940p from U/R 880p Brian White 30/05/2018 GB00BSNB6S51 Redx Pharma UR UR 13.5p Brian White 30/05/2018 GB00BDHSP575 Destiny Pharma BUY 330p 117p Brian White 22/05/2018 IE0033024807 UDG Healthcare BUY U/R from 940p 940p Brian White 18/05/2018 GB0009895292 AstraZeneca BUY 5600p from U/R 5350p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Brian White 18/05/2018 CH0011432447 Basilea Pharmaceutica BUY CHF108.7 CHF72 Brian White 24/04/2018 GB00BSNB6S51 Redx Pharma UR UR 6.25p Brian White 12/04/2018 GB00BDHSP575 Destiny Pharma BUY 330p 130p Brian White 29/03/2018 GB00BSNB6S51 Redx Pharma U/R from BUY U/R from 65p 10.25p Brian White 27/03/2018 GB0009252882 GlaxoSmithKline HOLD 1450p 1288p Brian White 19/03/2018 GB00BZ4G2K23 Mereo Biopharma BUY 720p 305p Brian White 15/03/2018 GB00BDHSP575 Destiny Pharma BUY 330p 130p Brian White 14/03/2018 GB00BOLCW083 Hikma BUY 1300p 124p Brian White 12/03/2018 GB00BDB6Q760 Diurnal BUY U/R from 208p 211p Brian White 28/02/2018 GB00B3Y5L754 Vernalis HOLD from BUY U/R from 81p 5.8p Brian White 26/02/2018 GB0009633180 Dechra BUY 2500p 2326p Brian White 26/02/2018 GB00BDHSP575 Destiny Pharma BUY 330p 130p Brian White 21/02/2018 GB0009633180 Dechra BUY 2500p from 2200p 2234p Brian White 08/02/2018 GB0009895292 AsraZeneca BUY 5600p from U/R 4729p Brian White 06/02/2018 GB00BSNB6S51 Redx Pharma BUY 65p 17p Brian White 02/02/2018 GB0009895292 AstraZeneca BUY U/R 4886p Brian White 30/01/2018 IE0033024807 UDG Healthcare BUY 940p 814p Brian White 26/01/2018 GB00BZ4G2K23 Mereo Biopharma BUY 720p 323p Brian White 25/01/2018 GB0009633180 Dechra BUY 2200p 2062p Brian White 09/01/2018 GB0009633180 Dechra BUY 2200p 2006p Brian White 09/01/2018 GB00BDB6Q760 Diurnal BUY 208p 174p Brian White 20/12/2017 GB00BSNB6S51 Redx Pharma BUY 65p 21.5p Brian White 20/12/2017 GB00BDB6Q760 Diurnal BUY 208p 147p Brian White 14/12/2017 GB00B3Y5L754 Vernalis BUY 81p 12.5p Brian White 13/12/2017 GB00BZ4G2K23 Mereo Biopharma BUY 720p 330p Brian White 11/12/2017 GB00BZ4G2K23 Mereo Biopharma BUY 720p from 670p 315p Brian White 01/12/2017 GB00BDHSP575 Destiny Pharma BUY 330p 115p Brian White 30/11/2017 GB00BSNB6S51 Redx Pharma BUY 65p from 105p 23.25p Brian White 28/11/2017 IE0033024807 UDG Healthcare BUY 940p 861p Brian White 24/11/2017 GB00BOLCW083 Hikma BUY 1300p from 1670p 1074p Brian White 13/11/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 322.5p Brian White 09/11/2017 GB00BOLCW083 Hikma BUY U/R from 1670p 1329p Brian White 09/11/2017 GB0009895292 AstraZenecca BUY U/R 4994p Brian White 08/11/2017 GB0009252882 GlaxoSmithKline HOLD 1450p from 1700p 1360p Brian White 06/11/2017 GB00BRS65X63 Indivior HOLD 350p from 300p 399p Brian White 02/11/2017 GB00BDHSP575 Destiny Pharma BUY 330p 129p Brian White 01/11/2017 GB00BRS65X63 Indivior HOLD 300p 371p Brian White 30/10/2017 USU9221J1098 Verseon BUY 232p 126p Brian White 30/10/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 310p Brian White 05/10/2017 GB0001001592 BTG BUY 800p 691p Brian White 25/09/2017 USU9221J1098 Verseon BUY 232p 126p Brian White 18/09/2017 IE0033024807 UDG Healthcare BUY 940p from 780p 855p Brian White 12/09/2017 GB00B3Y5L754 Vernalis BUY 81p 16p Brian White 08/09/2017 GB0009633180 Dechra BUY 2200p from 1500p 1951p Brian White 05/09/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 300p Brian White 01/09/2017 GB00BOLCW083 Hikma BUY 1670p from 2200p 1273p Brian White 25/08/2017 JE00B2QKY057 Shire BUY 6300p 3725p Brian White 24/08/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 300p Brian White 17/08/2017 GB00BOLCW083 Hikma BUY 2200p 1329p Brian White 08/08/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 305p Brian White 03/08/2017 IE0033024807 UDG Healthcare BUY U/R from 780p 840p Brian White 28/07/2017 GB00B3Y5L754 Vernalis BUY 81p from 101p 18.6p Brian White 27/07/2017 GB0009223206 Smith & Nephew HOLD 1144p 1301p Brian White 27/07/2017 GB0009895292 AstraZenecca BUY U/R from 4900p 5113p Brian White 05/07/2017 USU9221J1098 Verseon BUY 232p 147p Brian White 30/06/2017 GB0000946276 Consort Medical BUY TP 1180p 1046p Brian White 21/06/2017 JE00B2QKY057 Shire BUY 6300p 4370p Brian White/Paul Taylor 12/06/2017 JE00B2QKY057 Shire BUY 6300p 4355p Brian White/Paul Taylor 23/05/2017 IE0033024807 UDG Healthcare BUY 780p 764p Brian White/Paul Taylor 23/05/2017 GB00BOLCW083 Hikma BUY 2200p from 2500p 1680p Brian White/Paul Taylor 19/05/2017 GB00BOLCW083 Hikma BUY 2500p 1700p Brian White/Paul Taylor 17/05/2017 GB00BSNB6S51 Redx Pharma BUY 105p 33p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Brian White/Paul Taylor 15/05/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 307p Brian White/Paul Taylor 12/05/2017 GB00BDB6Q760 Diurnal BUY 208p 126p Brian White/Paul Taylor 05/05/2017 GB0009223206 Smith & Nephew HOLD 1144p 1270p Brian White/Paul Taylor 04/05/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 305p Brian White/Paul Taylor 27/04/2017 GB0009895292 AstraZenecca BUY 4900p 4676p Brian White/Paul Taylor 25/04/2017 GB00BJVD3B28 Circassia HOLD 116p 102p Brian White/Paul Taylor 21/04/2017 GB00B3Y5L754 Vernalis BUY 101p 24.6p Brian White/Paul Taylor 31/03/2017 GB00BSNB6S51 Redx Pharma BUY 105p 36p Brian White/Paul Taylor 22/03/2017 GB00BSNB6S51 Redx Pharma BUY 105p 36p Brian White/Paul Taylor 17/03/2017 GB00BJVD3B28 Circassia HOLD 116p 87p Brian White/Paul Taylor 15/03/2017 GB00BOLCW083 Hikma BUY 2500p 2126p Brian White/Paul Taylor 13/03/2017 USU9221J1098 Verseon BUY 232p 155p Brian White/Paul Taylor 08/03/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 302.5p Brian White/Paul Taylor 07/03/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 288p Brian White/Paul Taylor 02/03/2017 GB00BNLPYF73 Spire Healthcare BUY 400p 329p Brian White/Paul Taylor 20/02/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p 293p Brian White/Paul Taylor 23/02/2017 GB0002074580 Genus HOLD 1442p 1759p Brian White/Paul Taylor 22/02/2017 GB00BRS65X63 Indivior HOLD 300p 369p Brian White/Paul Taylor 21/02/2017 GB00B3Y5L754 Vernalis BUY 101p 33p Brian White/Paul Taylor 20/02/2017 GB00BZ4G2K23 Mereo Biopharma BUY 670p from 600p 284p Brian White/Paul Taylor 10/02/2017 GB0009895292 AstraZenecca BUY 4900p 4524p Brian White/Paul Taylor 10/02/2017 GB0009895292 AstraZenecca BUY 4900p from 4700p 4575p Brian White/Paul Taylor 07/02/2017 IE0033024807 UDG Healthcare BUY 780p 635p Brian White/Paul Taylor 03/02/2017 GB00BRS65X63 Indivior HOLD 300p 304p Brian White/Paul Taylor 02/02/2017 GB0009895292 AstraZenecca BUY 4700p from U/R 4274p Brian White/Paul Taylor 20/01/2017 IE0033024807 UDG Healthcare BUY 780p from 600p 650p Brian White/Paul Taylor 17/01/2017 GB0009633180 Dechra BUY 1500p 1366p Brian White/Paul Taylor 04/01/2017 USU9221J1098 Verseon BUY 232p 159p Freddie George 16/02/2017 GB0000533728 Laura Ashley BUY 20p from 30p 18.8p Freddie George 01/02/2017 GB0009290080 Victoria BUY 475p 437p Freddie George 26/01/2017 GB0009290080 Victoria BUY 475p from 425p 426p Freddie George 20/01/2017 GB00BF8H6F45 Bonmarche HOLD 80p 79p Freddie George 19/01/2017 GB0006957293 Portmeirion BUY 1200p from 1100p 945p Freddie George 12/01/2017 GB00B126KH97 Debenhams HOLD 55p 54p Freddie George 12/01/2017 GB0031274896 Marks & Spencer SELL 300p 342p Freddie George 12/01/2017 GB0006056104 Moss Bros BUY 120p 97p Freddie George 12/01/2017 GB0009290080 Victoria BUY 425p 348p Freddie George 11/01/2017 GB0001048619 Ted Baker BUY 2900p from 2800p 2647p Freddie George 04/01/2017 GB0032089863 Next HOLD 4600p from 5200p 4770p Ian Osburn 24/01/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p from 165p 109p Ian Osburn 23/01/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p from 165p 109p Ian Osburn 09/01/2017 GB00B058DS79 SpaceandPeople HOLD 28p 21.52p Ian Poulter 13/06/2018 GB0002675048 Dewhurst HOLD 950p from 875p 935p Ian Poulter 05/06/2018 GB0002675048 Dewhurst HOLD 875p 910p Ian Poulter 06/02/2018 GB0002675048 Dewhurst HOLD from U/R 875p from U/R 815p Ian Poulter 05/12/2017 GB0002675048 Dewhurst U/R from BUY U/R from 800p 692p Ian Poulter 04/04/2017 GG00B979FD04 Globalworth Real Estate Inv U/R U/R € 6.25 Ian Poulter 02/03/2017 GG00B979FD04 Globalworth Real Estate Inv U/R U/R € 7.00 Ian Poulter 22/02/2017 GG00B979FD04 Globalworth Real Estate Inv U/R U/R € 6.75 Jack Allardyce/Ashley Kelty 06/07/2018 GB00B28YML29 Egdon Resources BUY 26p 9.8p Jack Allardyce/Ashley Kelty 02/07/2018 GB00B28YML29 Egdon Resources BUY 26p from 31p 9.5p Jack Allardyce/Ashley Kelty 29/06/2018 GB0033032904 Faroe Petroleum BUY 155p 145p Jack Allardyce/Ashley Kelty 04/06/2018 GB00B28YML29 Egdon Resources BUY 31p 11.12p Jack Allardyce/Ashley Kelty 15/05/2018 GB00B03VVN93 Sirius Petroleum BUY 2.3p 0.83p Jack Allardyce/Ashley Kelty 10/05/2018 GB00B8JG4R91 Trinity Exploration & Production BUY Under review from 38p 27.4p Jack Allardyce/Ashley Kelty 08/05/2018 GB0033032904 Faroe Petroleum BUY 155p from 100p 138p Jack Allardyce/Ashley Kelty 17/04/2018 GB00B28YML29 Egdon Resources BUY 31p 5.9p Jack Allardyce/Ashley Kelty 06/03/2018 GB00B8JG4R91 Trinity Exploration & Production BUY 38p 15.75p Keith Baird 25/06/2018 GB00B1GCLT25 Polar Capital HOLD 600p from 500p 692p Keith Baird 29/05/2018 GB00B4QY1P51 Belvoir Lettings BUY 145p 104p Keith Baird 21/05/2018 GB00BXB07J71 Gateley Holdings BUY 204p 161p Keith Baird 16/05/2018 GB0001765816 Brewin Dolphin HOLD 400p from 360p 380p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Keith Baird 10/05/2018 GB0002148343 Rathbone Brothers HOLD 2700p 2436p Keith Baird 27/04/2018 GB00B067N833 Brooks Macdonald HOLD 2000p from 2200p 1850p Keith Baird 23/04/2018 GB00BLZH7X42 River & Mercantile HOLD 400p 316p Keith Baird 18/04/2018 GB00B53P2009 Jupiter Asset Management HOLD 500p from 560p 466p Keith Baird 12/04/2018 GB00B1GCLT25 Polar Capital HOLD 500p 500p Keith Baird 11/04/2018 GB0007388407 Liontrust BUY 600p 570p Keith Baird 10/04/2018 GB00B4QY1P51 Belvoir Lettings BUY 145p 102.5p Keith Baird 13/03/2018 GB00B067N833 Brooks Macdonald HOLD from BUY 2200p 2160p Keith Baird 07/03/2018 GB00BLZH7X42 River & Mercantile HOLD 400p 323p Keith Baird 01/03/2018 GB00B4QY1P51 Belvoir Lettings BUY 145p 98.5p Keith Baird 01/03/2018 GB0002405495 Schroders HOLD 3600p from 3400p 3479p Keith Baird 27/02/2018 GB00B53P2009 Jupiter Asset Management HOLD 560p 526p Keith Baird 22/02/2018 GB0002148343 Rathbone Brothers HOLD 2700p 2736p Keith Baird 07/02/2018 GB00B4QY1P51 Belvoir Lettings BUY 145p 90.5p Keith Baird 06/02/2018 GB00B0MT3Y97 Mattioli Woods BUY 850p 778p Keith Baird 29/01/2018 GB00BLZH7X42 River & Mercantile HOLD 400p 338p Keith Baird 25/01/2018 GB0001765816 Brewin Dolphin HOLD 360p 376p Keith Baird 12/01/2018 GB00B53P2009 Jupiter Asset Management HOLD 560p 589p Keith Baird 11/01/2018 GB0002148343 Rathbone Brothers HOLD 2700p 2526p Keith Baird 11/01/2018 GB00B4QY1P51 Belvoir Lettings BUY 145p 100p Keith Baird 10/01/2018 GB0007388407 Liontrust BUY 600p 514p Keith Baird 08/01/2018 GB00B0MT3Y97 Mattioli Woods BUY 850p 778p Keith Baird 04/01/2018 GB00B4QY1P51 Belvoir Lettings BUY 145p 101p Keith Baird 12/12/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 95p Keith Baird 05/12/2017 GB00BXB07J71 Gateley Holdings BUY 204p 170p Keith Baird 29/11/2017 GB0001765816 Brewin Dolphin HOLD 360p from 330p 344p Keith Baird 27/11/2017 GB00BXB07J71 Gateley Holdings BUY 204p 169p Keith Baird 23/11/2017 GB0007388407 Liontrust BUY 600p from 550p 496p Keith Baird 22/11/2017 GB0006556046 Charles Stanley HOLD 400p from 360p 384p Keith Baird 21/11/2017 GB00BLZH7X42 River & Mercantile HOLD 400p from 350p 378p Keith Baird 30/10/2017 GB00BLZH7X42 River & Mercantile HOLD 350p 358p Keith Baird 26/10/2017 GB00B0MT3Y97 Mattioli Woods BUY 850p 821p Keith Baird 24/10/2017 GB00B067N833 Brooks Macdonald BUY 2200p 2004p Keith Baird 19/10/2017 GB0002405495 Schroders HOLD 3400p 3495p Keith Baird 18/10/2017 GB0002148343 Rathbone Brothers HOLD 2700p 2549p Keith Baird 12/10/2017 GB00B1GCLT25 Polar Capital HOLD 500p from 425p 490p Keith Baird 11/10/2017 GB0007388407 Liontrust BUY 550p 501p Keith Baird 11/10/2017 GB00B53P2009 Jupiter Asset Management HOLD 560p from 470p 555p Keith Baird 02/10/2017 GB00BXB07J71 Gateley Holdings BUY 204p 160p Keith Baird 27/09/2017 GB00BXB07J71 Gateley Holdings BUY 204p 155p Keith Baird 25/09/2017 GB00BLZH7X42 River & Mercantile HOLD 350p 307p Keith Baird 21/09/2017 GB00B067N833 Brooks Macdonald BUY 2200p 2100p Keith Baird 05/09/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 105p Keith Baird 21/08/2017 GB0002148343 Rathbone Brothers HOLD 2700p from 2300p 2770p Keith Baird 01/08/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 104p Keith Baird 31/07/2017 GB00BLZH7X42 River & Mercantile HOLD from BUY 350p from 304p 363p Keith Baird 27/07/2017 GB0002405495 Schroders HOLD 3400p from 3200p 3383p Keith Baird 26/07/2017 GB00B53P2009 Jupiter Asset Management HOLD 550p from 470p 537p Keith Baird 25/07/2017 GB0002148343 Rathbone Brothers HOLD 2300p 2630p Keith Baird 13/07/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 105p Keith Baird 25/05/2017 GB00BXB07J71 Gateley Holdings BUY 204p from 175p 182p Keith Baird 06/07/2017 GB0007388407 Liontrust BUY 550p 444p Keith Baird 05/07/2017 GB00B0MT3Y97 Mattioli Woods BUY 850p 788p Keith Baird 27/06/2017 GB00BLZH7X42 River & Mercantile BUY 304p 325p Keith Baird 27/06/2017 GB00B1GCLT25 Polar Capital HOLD 425p from 425p 428p Keith Baird 15/06/2017 GB0007388407 Liontrust BUY 550p from 450p 460p Keith Baird 14/06/2017 GB0006556046 Charles Stanley HOLD 360p from 305p 345p Keith Baird 25/05/2017 GB00BXB07J71 Gateley Holdings BUY 175p from 145p 167p Keith Baird 25/05/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 101p Keith Baird 17/05/2017 GB0001765816 Brewin Dolphin HOLD 330p from 300p 328p Keith Baird 11/05/2017 GB0002148343 Rathbone Brothers HOLD 2300p from 2100p 2414p Keith Baird 02/05/2017 GB0000031285 Aberdeen Asset Management HOLD 270p 277p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Keith Baird 27/04/2017 GB0002405495 Schroders HOLD 3200p from 3000p 3190p Keith Baird 26/04/2017 GB00B53P2009 Jupiter Asset Management HOLD 470p 464p Keith Baird 26/04/2017 GB00B067N833 Brooks Macdonald BUY 2200p 20161p Keith Baird 07/03/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 97p Keith Baird 21/04/2017 GB0006556046 Charles Stanley HOLD 305p 308p Keith Baird 19/04/2017 GB00BLZH7X42 River & Mercantile BUY 304p 274p Keith Baird 06/04/2017 GG00BYZSSY63 Duke Royalty N/A N/A 43.5p Keith Baird 05/04/2017 GB0007388407 Liontrust BUY 450p 325p Keith Baird 04/04/2017 GB00B4QY1P51 Belvoir Lettings BUY 145p 100p Keith Baird 15/03/2017 GB00B067N833 Brooks Macdonald BUY 2200p 1999p Keith Baird 09/03/2017 GB00BLZH7X42 River & Mercantile BUY 304p 272p Keith Baird 03/03/2017 GB0000031285 Aberdeen Asset Management HOLD 270p 286p Keith Baird 02/03/2017 GB0002405495 Schroders HOLD 3000p from 2760p 3126p Keith Baird 27/02/2017 GB00BLZH7X42 River & Mercantile BUY 304p 283p Keith Baird 24/02/2017 GB00B53P2009 Jupiter Asset Management HOLD 470p 430p Keith Baird 23/02/2017 GB0002148343 Rathbone Brothers HOLD 2100p 2246p Keith Baird 09/02/2017 JE00B3CM9527 Henderson HOLD 224p 216p Keith Baird 03/02/2017 GB0000031285 Aberdeen Asset Management HOLD 270p 250p Keith Baird 31/01/2017 GB0006556046 Charles Stanley HOLD 305p 286p Keith Baird 30/01/2017 GB00BLZH7X42 River & Mercantile BUY 304p 247p Keith Baird 26/01/2017 GB00B067N833 Brooks Macdonald BUY 2200p from 2050p 2012p Keith Baird 13/01/2017 GB00B1GCLT25 Polar Capital HOLD 340p from 299p 334p Keith Baird 27/01/2017 GB0001765816 Brewin Dolphin HOLD 300p 311p Keith Baird 12/01/2017 GB00B53P2009 Jupiter Asset Management HOLD 470p from 396p 446p Keith Baird 12/01/2017 GB0002148343 Rathbone Brothers HOLD from BUY 2100p 2044p Keith Baird 11/01/2017 GB0007388407 Liontrust BUY 450p from 370p 380p Keith Baird 09/01/2017 GB00B0MT3Y97 Mattioli Woods BUY 850p from 770p 782p Keith Baird 03/01/2017 GG00B1RMC548 Tetragon BUY $14.5 $12.2 Kevin Ashton 05/07/2018 IL0011354904 Albert Technologies BUY 80p 45p Kevin Ashton 04/07/2018 GB0008808825 Gresham Technologies BUY 250p 197p Kevin Ashton 02/07/2018 GB00BLZH2C83 Quartix BUY 400p from 350p 380p Kevin Ashton 29/05/2018 GB00B3CDXQ41 RedstoneConnect Suspended from BUY suspended from 300p 86.5p Kevin Ashton 03/05/2018 IL0011354904 Albert Technologies BUY 105p 36p Kevin Ashton 30/04/2018 GB00B3CDXQ41 RedstoneConnect BUY 300p 85p Kevin Ashton 13/03/2018 GB0008808825 Gresham Technologies BUY 250p from 200p 197p Kevin Ashton 27/03/2018 GB00BLZH2C83 Quartix BUY 350p from 400p 390p Kevin Ashton 26/02/2018 GB00BLZH2C83 Quartix BUY 400p 372p Kevin Ashton 12/01/2018 GB00BLZH2C83 Quartix BUY 400p 359p Kevin Ashton 09/10/2018 GB0008808825 Gresham Technologies BUY 200p 189p Kevin Ashton 31/10/2017 GB00B3CDXQ41 RedstoneConnect BUY 300p 131p Kevin Ashton 25/07/2017 GB0008808825 Gresham Technologies BUY 200p from 180p 177p Kevin Ashton 10/05/2017 GB00B3CDXQ41 RedstoneConnect BUY 3p 1.6p Kevin Ashton 09/05/2017 GB0006870611 GB Group BUY U/R from 340p 286p Kevin Ashton 25/04/2017 GB00B3CDXQ41 RedstoneConnect BUY 3p 1.6p Kevin Ashton 06/04/2017 GB00B06GNN57 Blancco BUY from HOLD 270p 222p Kevin Ashton 30/03/2017 GB0001771426 accesso BUY 1750p 1575p Kevin Ashton 14/03/2017 GB0008808825 Gresham Technologies BUY 180p 160p Kevin Ashton 14/03/2017 GB00B06GNN57 Blancco HOLD from BUY 270p 308p Kevin Ashton 07/03/2017 GB00B3CDXQ41 RedstoneConnect BUY 3p 1.5p Kevin Ashton 27/02/2017 GB00BLZH2C83 Quartix BUY 400p 325p Kevin Ashton 23/02/2017 GB00BLZH2C83 Quartix BUY 400p 315p Kevin Ashton 20/02/2017 GB00B3W40C23 dotDigital BUY 80p 59p Kevin Ashton 20/02/2017 GB00B13GSS58 Proactis BUY N/A 164p Kevin Ashton 06/02/2017 GB0001771426 accesso BUY 1750p 1545p Kevin Ashton 17/01/2017 GB00B06GNN57 Blancco BUY 270p 221.5p Kevin Lapwood 21/05/2018 GB0009589168 Symphony Environmental Tech BUY from Under Review 34p from Under Review 27p Kevin Lapwood 15/05/2018 GB0009589168 Symphony Environmental Tech Under review from BUY Under Review from 21p 34.1p Kevin Lapwood 20/03/2018 GB0009589168 Symphony Environmental Tech BUY from Under Review 21p from Under review 15.35p Kevin Lapwood 14/03/2018 GB0009589168 Symphony Environmental Tech Under review from BUY Under review from 15p 18.8p Kevin Lapwood 04/01/2018 GB0009589168 Symphony Environmental Tech BUY 15p 13.4p Kevin Lapwood 31/10/2017 GB0009589168 Symphony Environmental Tech BUY 15p from 12.5p 12.8p Kevin Lapwood 27/10/2017 GB0009589168 Symphony Environmental Tech BUY 12.5p from Under Review 12.75p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Kevin Lapwood 13/09/2017 GB0009589168 Symphony Environmental Tech BUY from Under Review 12.5p from 11.5p 11.3p Kevin Lapwood 07/09/2017 GB0009589168 Symphony Environmental Tech Under Review U/R 10.75p Kevin Lapwood 15/05/2017 GB0009589168 Symphony Environmental Tech Under Review from BUY U/R from 11.5p 14.9p Kevin Lapwood 12/05/2017 GB0009589168 Symphony Environmental Tech Under Review from BUY U/R from 11.5p 14.8p Kevin Lapwood 20/03/2017 GB0009589168 Symphony Environmental Tech BUY from U/R 11.5p from 6.75p 8.0p Kevin Lapwood 09/03/2017 GB0009589168 Symphony Environmental Tech U/R from BUY U/R from 6.75p 8.5p Kevin Lapwood 30/01/2017 GB0009589168 Symphony Environmental Tech BUY 6.75p 4.62p Maggie Schooley 18/06/2018 GB00BSM98843 Directa Plus BUY 80p 47.5p Maggie Schooley 18/06/2018 GB00BSM98843 Directa Plus BUY 80p 49.5p Maggie Schooley 14/05/2018 GB00BSM98843 Directa Plus BUY 80p 49p Maggie Schooley 30/04/2018 GB00BSM98843 Directa Plus BUY 80p 48p Maggie Schooley 26/04/2018 GB00BSM98843 Directa Plus BUY 80p 50p Maggie Schooley 23/04/2018 GB00BSM98843 Directa Plus BUY 80p 48.5p Maggie Schooley 09/04/2018 GB00BSM98843 Directa Plus BUY 80p 50p Maggie Schooley 21/03/2018 GB00BSM98843 Directa Plus BUY 80p 48.5p Maggie Schooley 19/02/2018 GB00BSM98843 Directa Plus BUY 80p 50.5p Maggie Schooley 15/01/2018 GB00BSM98843 Directa Plus BUY 80p 47p Maggie Schooley 15/12/2017 GB00BSM98843 Directa Plus BUY 80p 51.5p Mark Photiades 17/07/2018 GB00BXB07J71 Gateley Holdings BUY 204p 166p Mark Photiades 13/07/2018 GB0030927254 ASOS HOLD 5400p 5820p Mark Photiades 13/07/2018 GB00B1CKQ739 Dunelm HOLD 525p from 565p 485p Mark Photiades 12/07/2018 GB0030927254 ASOS HOLD 5400p 6500p Mark Photiades 12/07/2018 GB00B1CKQ739 Dunelm HOLD 565p 484p Mark Photiades 12/07/2018 GB0006957293 Portmeirion BUY 1200p 1200p Mark Photiades 09/07/2018 GB00BXB07J71 Gateley Holdings BUY 204p 167.5p Mark Photiades 06/07/2018 GB00B60BD277 Superdry BUY 2000p 1243p Mark Photiades 14/05/2018 GB00B60BD277 Superdry BUY 2000p 1169p Mark Photiades 05/07/2018 GB00B18P5K83 Topps Tiles HOLD 66p from 70p 63p Mark Photiades 04/07/2018 GB00B18P5K83 Topps Tiles HOLD 70p 63p Mark Photiades 02/07/2018 GB00BF8H6F45 Bonmarché BUY 155p 113p Mark Photiades 28/06/2018 GB00BMNQZP86 JD Sports BUY 525p 433p Mark Photiades 26/06/2018 GB0001772945 Carpetright Under Review from HOLD Under Review from 55p 30p Mark Photiades 20/06/2018 GB00B126KH97 Debenhams SELL from HOLD 15p from 20.5p 17.5p Mark Photiades 19/06/2018 GB00BF8H6F45 Bonmarché BUY 155p 103p Mark Photiades 13/06/2018 GB0009290080 Victoria BUY 960p 842p Mark Photiades 08/06/2017 GB00B8B4R053 Findel BUY 340p from 250p 272p Mark Photiades 06/06/2018 GB00B2PDGW16 WH Smith HOLD 2120p 2124p Mark Photiades 06/06/2018 GB00B2PDGW16 WH Smith HOLD 2120p 1978p Mark Photiades 06/06/2018 GB00B8B4R053 Findel BUY 250p 238p Mark Photiades 29/05/2018 GB00B1CKQ739 Dunelm HOLD from BUY 565p from 730p 545p Mark Photiades 25/05/2018 GB0033195214 Kingfisher HOLD 305p from 315p 297p Mark Photiades 25/05/2018 GB0031274896 Marks & Spencer SELL 275p from 300p 307p Mark Photiades 24/05/2018 GB0033195214 Kingfisher HOLD 315p 293p Mark Photiades 23/05/2018 GB0031274896 Marks & Spencer SELL 300p 291p Mark Photiades 22/05/2018 GB00B18P5K83 Topps Tiles HOLD 70p 69p Mark Photiades 17/05/2018 GB0006957293 Portmeirion BUY 1200p 1038p Mark Photiades 16/05/2018 GB0006056104 Moss Bros HOLD 50p 47p Mark Photiades 14/05/2018 GB0032089863 Next HOLD 5400p from 4650p 5568p Mark Photiades 14/05/2018 GB00B60BD277 Superdry BUY 2000p from 2060p 1250p Mark Photiades 10/05/2018 GB00B60BD277 Superdry BUY 2060p 1550p Mark Photiades 10/05/2018 GB0032089863 Next HOLD 4650p 5246p Mark Photiades 24/04/2018 GB0030927254 ASOS HOLD 5400p 5934p Mark Photiades 20/04/2018 GB00BF8H6F45 Bonmarche BUY 155p 90.5p Mark Photiades 20/04/2018 GB00B126KH97 Debenhams HOLD 20.5p from 27.5p 22.0p Mark Photiades 19/04/2018 GB00B126KH97 Debenhams HOLD 27.5p 23p Mark Photiades 19/04/2018 GB00BMNQZP86 JD Sports BUY 525p 383p Mark Photiades 11/04/2018 GB0030927254 ASOS HOLD 5400p 7030p Mark Photiades 05/04/2018 GB00B18P5K83 Topps Tiles HOLD 70p from 75p 70p Mark Photiades 04/04/2018 GB00B18P5K83 Topps Tiles HOLD 75p 81p Mark Photiades 04/04/2018 GB0009290080 Victoria BUY 960p 742p Mark Photiades 29/03/2018 GB0006056104 Moss Bros HOLD from BUY 50p from 110p 47p Mark Photiades 28/03/2018 GB0033195214 Kingfisher HOLD 315p from 325p 289p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Mark Photiades 28/03/2018 GB0032089863 Next HOLD 4650p 4797p Mark Photiades 27/03/2018 GB0006056104 Moss Bros BUY U/R from 110p 47p Mark Photiades 26/03/2018 GB00B058DS79 SpaceandPeople BUY 43p 34p Mark Photiades 26/03/2018 GB0001048619 Ted Baker BUY 3100p 2654p Mark Photiades 23/03/2018 GB0032089863 Next HOLD 4650p 4629p Mark Photiades 22/03/2018 GB0001048619 Ted Baker BUY 3100p 2936p Mark Photiades 21/03/2018 GB0033195214 Kingfisher HOLD 325p 339p Mark Photiades 20/03/2018 GB00B058DS79 SpaceandPeople BUY 43p 34.5p Mark Photiades 16/03/2018 GB0033764746 French Connection HOLD 53p from 45p 48p Mark Photiades 15/03/2018 GB0006957293 Portmeirion BUY 1200p 1038p Mark Photiades 13/03/2018 GB0033764746 French Connection HOLD 45p 33.7p Mark Photiades 02/03/2018 GB0001772945 Carpetright HOLD 55p from 100p 60p Mark Photiades 01/03/2018 GB0001772945 Carpetright HOLD 100p 78p Mark Photiades 21/02/2018 GB00B1CKQ739 Dunelm BUY 730p from 780p 579p Mark Photiades 20/02/2018 GB00B1CKQ739 Dunelm BUY 780p 645p Mark Photiades 19/02/2018 GB00B058DS79 SpaceandPeople BUY 43p 34p Mark Photiades 02/02/2018 GB0000533728 Laura Ashley BUY 12p 6.3p Mark Photiades 29/01/2018 GB0009290080 Victoria BUY 960p 793p Mark Photiades 25/01/2018 GB0009290080 Victoria BUY 960p 789p Mark Photiades 24/01/2018 GB00B2PDGW16 WH Smith HOLD 2120p 2132p Mark Photiades 22/01/2018 GB0001772945 Carpetright HOLD 170p 100p Mark Photiades 22/01/2018 GB00BF8H6F45 Bonmarché BUY 155p 105p Mark Photiades 19/01/2018 GB00BF8H6F45 Bonmarché BUY 155p 126.5p Mark Photiades 18/01/2018 GB0006957293 Portmeirion BUY 1200p 923p Mark Photiades 17/01/2018 GB00B1CKQ739 Dunelm BUY 780p 670p Mark Photiades 17/01/2018 GB00BMNQZP86 JD Sports BUY 500p 390p Mark Photiades 16/01/2018 GB00BMNQZP86 JD Sports BUY 500p 365p Mark Photiades 16/01/2018 GB00B1CKQ739 Dunelm BUY 780p 701p Mark Photiades 15/01/2018 GB00B058DS79 SpaceandPeople BUY from HOLD 43p from 36.5p 34p Mark Photiades 12/01/2018 GB0006056104 Moss Bros BUY 110p from 130p 74p Mark Photiades 11/01/2018 GB0031274896 Marks & Spencer SELL 300p 324p Mark Photiades 11/01/2018 GB00B60BD277 Superdry BUY 2060p from 1920p 1850p Mark Photiades 10/01/2018 GB0001048619 Ted Baker BUY 3100p 2836p Mark Photiades 10/01/2018 GB0006056104 Moss Bros BUY 130p 90p Mark Photiades 09/01/2018 GB00B18P5K83 Topps Tiles HOLD 75p 80p Mark Photiades 05/01/2018 GB00B126KH97 Debenhams HOLD 27.5p from 43.5p 30p Mark Photiades 04/01/2018 GB00B126KH97 Debenhams HOLD 43.5p 35.6p Mark Photiades 04/01/2018 GB0032089863 Next HOLD 4650p from 4425p 4800p Mark Photiades 03/01/2018 GB0032089863 Next HOLD 4425p 4500p Mark Photiades 19/12/2017 GB00B8B4R053 Findel BUY 250p 199p Mark Photiades 18/12/2017 GB00BF8H6F45 Bonmarché BUY from HOLD 155p from 90p 107p Mark Photiades 14/12/2017 GB00B05J4D26 United Carpets BUY 15.5p 8.5p Mark Photiades 13/12/2017 GB0001772945 Carpetright HOLD 170p from 180p 174p Mark Photiades 12/12/2017 GB0001772945 Carpetright HOLD 180p 185p Mark Photiades 30/11/2017 GB00B18P5K83 Topps Tiles HOLD 75p 75p Mark Photiades 29/11/2017 GB00B8B4R053 Findel BUY 250p 153p Mark Photiades 28/11/2017 GB0009290080 Victoria BUY 960p 835p Mark Photiades 28/11/2017 GB00B18P5K83 Topps Tiles HOLD 75p 60.75p Mark Photiades 21/11/2017 GB0033195214 Kingfisher HOLD 325p 304p Mark Photiades 20/11/2017 GB00BF8H6F45 Bonmarché HOLD 90p 89p Mark Photiades 16/11/2017 GB0009290080 Victoria BUY 960p from 800p 792p Mark Photiades 16/11/2017 GB0001048619 Ted Baker BUY 3100p 2562p Mark Photiades 09/11/2017 GB00B60BD277 SuperGroup BUY 1,920p 1848p Mark Photiades 09/11/2017 GB00B126KH97 Debenhams HOLD 43.5p from 45p 44p Mark Photiades 09/11/2017 GB0001772945 Carpetright HOLD 180p from 210p 179p Mark Photiades 09/11/2017 GB0031274896 Marks & Spencer SELL 300p 333p Mark Photiades 08/11/2017 GB0031274896 Marks & Spencer SELL 300p 327.8p Mark Photiades 24/10/2017 GB0009290080 Victoria BUY 800p from 550p 696p Mark Photiades 18/10/2017 GB0030927254 ASOS HOLD 5400p 5750p Mark Photiades 17/10/2017 GB0030927254 ASOS HOLD 5400p 5700p Mark Photiades 16/10/2017 GB00B2PDGW16 WH Smith HOLD 2120p from 1660p 2062p Mark Photiades 12/10/2017 GB00B2PDGW16 WH Smith HOLD 1660p 2071p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Mark Photiades 11/10/2017 GB00B1CKQ739 Dunelm BUY 780p 701p Mark Photiades 11/10/2017 GB0001048619 Ted Baker BUY 3100p 2750p Mark Photiades 10/10/2017 GB0001048619 Ted Baker BUY 3100p 2820p Mark Photiades 06/10/2017 GB00B18P5K83 Topps Tiles HOLD from BUY 75p from 102p 73p Mark Photiades 04/10/2017 GB00B18P5K83 Topps Tiles BUY 102p 75.25p Mark Photiades 03/10/2017 GB0006056104 Moss Bros BUY 130p 99p Mark Photiades 28/09/2017 GB0006056104 Moss Bros BUY 130p 100p Mark Photiades 25/09/2017 GB00B058DS79 SpaceandPeople HOLD 36.5p from 28p 34p Mark Photiades 22/09/2017 GB0033195214 Kingfisher HOLD 325p from 340p 300p Mark Photiades 21/09/2017 GB0033764746 French Connection HOLD 45p from 40p 44p Mark Photiades 20/09/2017 GB0033195214 Kingfisher HOLD 340p 296p Mark Photiades 19/09/2017 GB0033764746 French Connection HOLD 40p 44.5p Mark Photiades 14/09/2017 GB00B1CKQ739 Dunelm BUY 780p 662p Mark Photiades 14/09/2017 GB0032089863 Next HOLD 4425p 4417p Mark Photiades 13/09/2017 GB00BMNQZP86 JD Sports BUY 500p 373p Mark Photiades 13/09/2017 GB00B1CKQ739 Dunelm BUY 780p 610p Mark Photiades 12/09/2017 GB00BMNQZP86 JD Sports BUY 500p 342p Mark Photiades 30/08/2017 GB00B2PDGW16 WH Smith HOLD 1660p 1849p Mark Photiades 23/08/2017 GB0000533728 Laura Ashley BUY 12p from 20p 8.7p Mark Photiades 03/08/2017 GB0032089863 Next HOLD 4425p 4013p Mark Photiades 03/08/2017 GB0006957293 Portmeirion BUY 1200p 948p Mark Photiades 27/07/2017 GB00BF8H6F45 Bonmarché HOLD 90p 90p Mark Photiades 26/07/2017 GB0009290080 Victoria BUY 550p from 525p 487p Mark Photiades 20/07/2017 GB00B05J4D26 United Carpets BUY 15.5p from 19.5p 10.3p Mark Photiades 13/07/2017 GB0030927254 ASOS HOLD 5400p 5810p Mark Photiades 11/07/2017 GB0031274896 Marks & Spencer SELL 300p 339p Mark Photiades 10/07/2017 GB00B1CKQ739 Dunelm BUY 780p from 850p 620p Mark Photiades 07/07/2017 GB0006957293 Portmeirion BUY 1200p 950p Mark Photiades 07/07/2017 GB00B1CKQ739 Dunelm BUY 850p 597p Mark Photiades 06/07/2017 GB00B18P5K83 Topps Tiles BUY 102p from 107p 82p Mark Photiades 05/07/2017 GB00B18P5K83 Topps Tiles BUY 107p 83.5p Mark Photiades 04/07/2017 GB00B60BD277 SuperGroup BUY 1,920p 1536p Mark Photiades 03/07/2017 GB00B60BD277 SuperGroup BUY 1,920p 1495p Mark Photiades 30/06/2017 GB00B126KH97 Debenhams HOLD 45p from 55p 44p Mark Photiades 30/06/2017 GB0001772945 Carpetright HOLD 210p 195p Mark Photiades 29/06/2017 GB00BMNQZP86 JD Sports BUY 500p 398p Mark Photiades 27/06/2017 GB00B8B4R053 Findel BUY 250p 201p Mark Photiades 27/06/2017 GB00B126KH97 Debenhams HOLD 55p 45p Mark Photiades 27/06/2017 GB0001772945 Carpetright HOLD 210p 180p Mark Photiades 26/06/2017 GB0009290080 Victoria BUY 525p 493p Mark Photiades 22/06/2017 GB00BF8H6F45 Bonmarché HOLD 90p 96p Mark Photiades 19/06/2017 GB00BF8H6F45 Bonmarché HOLD 90p 97p Mark Photiades 19/06/2017 GB0009290080 Victoria BUY 525p 459p Mark Photiades 14/06/2017 GB00B2PDGW16 WH Smith HOLD 1660p 1744p Mark Photiades 13/06/2017 GB0001048619 Ted Baker BUY 3100p 2425p Mark Photiades 30/05/2017 GB0031274896 Marks & Spencer SELL 300p 386p Mark Photiades 26/05/2017 GB0033195214 Kingfisher HOLD 340p from 350p 331p Mark Photiades 26/05/2017 GB0006957293 Portmeirion BUY 1200p 848p Mark Photiades 25/05/2017 GB00B18P5K83 Topps Tiles BUY 107p 94p Mark Photiades 23/05/2017 GB00B18P5K83 Topps Tiles BUY U/R from 107p 103p Mark Photiades 24/05/2017 GB0031274896 Marks & Spencer SELL 300p 387p Mark Photiades 24/05/2017 GB0033195214 Kingfisher HOLD 350p 359p Mark Photiades 19/05/2017 GB0006056104 Moss Bros BUY 130p from 120p 113p Mark Photiades 11/05/2017 GB00B05J4D26 United Carpets BUY 19.5p 10.25p Mark Photiades 11/05/2017 GB00B60BD277 SuperGroup BUY 1,920p 1,718p Mark Photiades 11/05/2017 GB00B058DS79 SpaceandPeople HOLD 28p from 18.5p 25.5p Mark Photiades 04/05/2017 GB0032089863 Next HOLD 4425p 4410p Mark Photiades 03/05/2017 GB0006056104 Moss Bros BUY 120p 101p Mark Photiades 28/04/2017 GB0006957293 Portmeirion BUY 1200p 938p Mark Photiades 26/04/2017 GB0006957293 Portmeirion BUY 1200p 958p Mark Photiades 25/04/2017 GB0001772945 Carpetright HOLD 210p 245p Mark Photiades 25/04/2017 GB0033764746 French Connection HOLD 40p from 45p 37p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Mark Photiades 20/04/2017 GB00B126KH97 Debenhams HOLD 55p 55p Mark Photiades 19/04/2017 GB00BF8H6F45 Bonmarché HOLD 90p 75p Mark Photiades 13/04/2017 GB00BMNQZP86 JD Sports BUY 500p from 380p 440p Mark Photiades 12/04/2017 GB00B2PDGW16 WH Smith HOLD 1660p 1824p Mark Photiades 12/04/2017 GB00B1CKQ739 Dunelm BUY 850p 623p Mark Photiades 11/04/2017 GB00BMNQZP86 JD Sports BUY 380p 406p Mark Photiades 11/04/2017 GB0009290080 Victoria BUY 525p 453p Mark Photiades 06/04/2017 GB00B8B4R053 Findel BUY 250p 203p Mark Photiades 06/04/2017 GB0030927254 ASOS HOLD 5400p 5700p Mark Photiades 04/04/2017 GB00B18P5K83 Topps Tiles BUY 107p 97p Mark Photiades 28/03/2017 GB0006056104 Moss Bros BUY 120p 100p Mark Photiades 28/03/2017 GB0001048619 Ted Baker BUY 3100p from 2900p 2727p Mark Photiades 28/03/2017 GB0032089863 Next HOLD 4425p from 4600p 4130p Mark Photiades 27/03/2017 GB00B058DS79 SpaceandPeople HOLD 18.5p from 28p 17.5p Mark Photiades 24/03/2017 GB0033195214 Kingfisher HOLD 350p from 380p 323p Mark Photiades 23/03/2017 GB0001048619 Ted Baker BUY 2900p 2840p Mark Photiades 23/03/2017 GB0032089863 Next HOLD 4600p 3885p Mark Photiades 22/03/2017 GB0033195214 Kingfisher HOLD 380p 346p Mark Photiades 14/03/2017 GB0033764746 French Connection HOLD U/R from 45p 35p Mark Photiades 10/03/2017 GB00BF8H6F45 Bonmarché HOLD 90p N/A Mark Photiades 10/03/2017 GB00B126KH97 Debenhams HOLD 55p N/A Mark Photiades 10/03/2017 GB0000533728 Laura Ashley BUY 20p N/A Mark Photiades 10/03/2017 GB0031274896 Marks & Spencer SELL 300p N/A Mark Photiades 10/03/2017 GB0006056104 Moss Bros BUY 120p N/A Mark Photiades 10/03/2017 GB0032089863 Next HOLD 4600p N/A Mark Photiades 10/03/2017 GB0001048619 Ted Baker BUY 2900p N/A Mark Photiades 10/03/2017 GB00B05J4D26 United Carpets BUY 19.5p N/A Mark Photiades 09/03/2017 GB0006957293 Portmeirion BUY 1200p 965p Mark Photiades 22/02/2017 GB00B058DS79 SpaceandPeople HOLD 28p 17.5p Mark Photiades 13/02/2017 GB0009290080 Victoria BUY 525p from 475p 464p Mark Photiades 08/02/2017 GB00B1CKQ739 Dunelm BUY 850p 684p Mark Photiades 03/02/2017 GB00B1CKQ739 Dunelm BUY 850p 682p Mark Photiades 02/02/2017 GB0001772945 Carpetright HOLD 210p 196p Mark Photiades 31/01/2017 GB0001772945 Carpetright HOLD 210p 174p Mark Photiades 30/01/2017 GB00B2PDGW16 WH Smith HOLD 1660p from 1550p 1584p Mark Photiades 27/01/2017 GB00B8B4R053 Findel BUY 250p 206p Mark Photiades 26/01/2017 GB00B8B4R053 Findel BUY 250p 201p Mark Photiades 20/01/2017 GB00B60BD277 SuperGroup BUY 1920p 1572p Mark Photiades 19/01/2017 GB00BMNQZP86 JD Sports BUY 380p 353p Mark Photiades 18/01/2017 GB00B18P5K83 Topps Tiles BUY 107p 85p Mark Photiades 17/01/2017 GB0030927254 ASOS HOLD 5400p 5471p Mark Photiades 17/01/2017 GB00B1CKQ739 Dunelm BUY 850p from 950p 691p Mark Photiades 12/01/2017 GB00BMNQZP86 JD Sports BUY 380p from 340p 325p Mark Photiades 12/01/2017 GB00B60BD277 SuperGroup BUY 1920p from 1700p 1718p Mark Photiades 10/01/2017 GB00B18P5K83 Topps Tiles BUY 107p 86p Rob Byde 17/07/2018 BMG6699D1074 Ocean Wilsons BUY 1450p 1015p Rob Byde 10/07/2018 GB00BF6P5V92 Xpediator BUY Under Review from 75p 79.5p Rob Byde 02/07/2018 GB00BD7V5D43 Kromek BUY 45p 23.75p Rob Byde 28/06/2018 GB0009290080 Wincanton BUY 330p 260p Rob Byde 14/06/2018 GB00B9GQVG73 AB Dyanmics BUY U/R from £10.00 1122p Rob Byde 13/06/2018 GB00BD37ZH08 Autins Group BUY 100p from U/R 52p Rob Byde 13/06/2018 GB0002892528 Surface Transforms BUY 25.0p 18.5p Rob Byde 12/06/2018 GB00B1XFKR57 Pressure Technologies BUY 180p from U/R 133p Rob Byde 08/06/2018 GB00B1XFKR57 Pressure Technologies BUY Under Review 133p Rob Byde 06/06/2018 GB00BD37ZH08 Autins Group BUY U/R from 200p 82p Rob Byde 05/06/2018 GB00B3ZP1526 Gama Aviation HOLD 270p 227p Rob Byde 04/06/2018 GB00BDVZYZ77 Royal Mail HOLD 500p from Under Review 510p Rob Byde 04/06/2018 GB00BF6P5V92 Xpediator BUY 75p from 70p 61p Rob Byde 01/06/2018 GB0031410581 Image Scan BUY 10p 6.4p Rob Byde 30/05/2018 GB00B1XFKR57 Pressure Technologies BUY U/R from 220p 186p Rob Byde 30/05/2018 GB00BD7V5D43 Kromek BUY 45p 26.5p Rob Byde 24/05/2018 IE00BYTBXV33 Ryanair HOLD €17 from U/R € 16.70 Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Rob Byde 23/05/2018 GB0000600931 Braemar Shipping Services BUY 330p from 360p 280p Rob Byde 21/05/2018 IE00BYTBXV33 Ryanair HOLD U/R € 15.50 Rob Byde 21/05/2018 GB0009290080 Wincanton BUY 330p from 300p 277p Rob Byde 17/05/2018 GB00BF6P5V92 Xpediator BUY 70p from Under Review 60.5p Rob Byde 17/05/2018 GB00BDVZYZ77 Royal Mail HOLD U/R from 450p 597p Rob Byde 16/05/2018 BMG6699D1074 Ocean Wilsons BUY 1450p 1125p Rob Byde 15/05/2018 GB00B7KR2P84 easyJet HOLD 1750p 1685p Rob Byde 15/05/2018 GB00BF6P5V92 Xpediator BUY Under Review from 45p 60.5p Rob Byde 01/05/2018 GB00BD7V5D43 Kromek BUY 45p 21.3p Rob Byde 30/04/2018 GB0031410581 Image Scan BUY 10p 5.9p Rob Byde 25/04/2018 GB00BMMV6B79 Clipper Logistics HOLD U/R 440p Rob Byde 24/04/2018 GB00B9GQVG73 AB Dyanmics BUY £10.00 from £9.0p 920p Rob Byde 23/04/2018 GB00BD7V5D43 Kromek BUY 45p 21.6p Rob Byde 20/04/2018 GB00BDVZYZ77 Royal Mail HOLD 450p 563p Rob Byde 17/04/2018 GB0009290080 Wincanton BUY 300p 246p Rob Byde 11/04/2018 GB00BD736828 Air Partner HOLD U/R 74p Rob Byde 05/04/2018 GB0009290080 Wincanton BUY 300p 211p Rob Byde 05/04/2018 BMG6699D1074 Ocean Wilsons BUY 1450p 1120p Rob Byde 04/04/2018 GB0031410581 Image Scan BUY 10p 5.75p Rob Byde 03/04/2018 GB00BD736828 Air Partner HOLD from BUY U/R from 170p 143p Rob Byde 28/03/2018 GB00B9GQVG73 AB Dyanmics BUY 900p 875p Rob Byde 27/03/2018 GB00BD7V5D43 Kromek BUY 45p 19.9p Rob Byde 19/03/2018 BMG6699D1074 Ocean Wilsons BUY 1450p 1065p Rob Byde 15/03/2018 GB00BD37ZH08 Autins Group BUY 200p 109p Rob Byde 28/02/2018 GB0031410581 Image Scan BUY 10p from U/R 5.75p Rob Byde 27/02/2018 GB0002892528 Surface Transforms BUY 25.0p 15.5p Rob Byde 27/02/2018 GB0031410581 Image Scan BUY U/R 5.75p Rob Byde 22/02/2018 GB00BF6P5V92 Xpediator BUY 45p 37.5p Rob Byde 12/02/2018 GB0009290080 Wincanton BUY from HOLD 300p 204.5p Rob Byde 05/02/2018 IE00BYTBXV33 Ryanair HOLD U/R € 16.14 Rob Byde 02/02/2018 GB00BD37ZH08 Autins Group BUY 200p 120p Rob Byde 01/02/2018 GB0031410581 Image Scan BUY U/R from 12p 6.9p Rob Byde 25/01/2018 GB00B7KR2P84 easyJet HOLD from BUY 1750p 1650p Rob Byde 10/01/2018 BMG6699D1074 Ocean Wilsons BUY 1450p 1170p Rob Byde 03/01/2018 GB0002892528 Surface Transforms BUY 25.0p 14.75p Rob Byde 18/12/2017 GB00B1XFKR57 Pressure Technologies BUY 220p from 170p 162.5p Rob Byde 12/12/2017 GB00B1XFKR57 Pressure Technologies BUY 170p 133p Rob Byde 12/12/2017 GB00BD37ZH08 Autins Group BUY 200p from 240p 125p Rob Byde 11/12/2017 GB0031410581 Image Scan BUY 12p from 14p 7.8p Rob Byde 07/12/2017 GB00BMMV6B79 Clipper Logistics HOLD U/R 427p Rob Byde 06/12/2017 GB0031410581 Image Scan BUY 14p 9.4p Rob Byde 24/11/2017 BMG6699D1074 Ocean Wilsons BUY 1450p from 1400p 1123p Rob Byde 21/11/2017 GB00B9GQVG73 AB Dyanmics BUY 900p from 675p 770p Rob Byde 16/11/2017 GB00BDVZYZ77 Royal Mail HOLD 450p 389p Rob Byde 15/11/2017 GB00B9GQVG73 AB Dyanmics BUY U/R from 675p 762.5p Rob Byde 13/11/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1175p Rob Byde 10/11/2017 GB0009290080 Wincanton HOLD 300p from 280p 266p Rob Byde 06/11/2017 GB00BF6P5V92 Xpediator BUY 45p from 42p 32.6p Rob Byde 31/10/2017 GB00BF6P5V92 Xpediator BUY 42p from 35p 30.8p Rob Byde 31/10/2017 IE00BYTBXV33 Ryanair HOLD U/R from €19.0 € 15.75 Rob Byde 30/10/2017 GB0031410581 Image Scan BUY 14p from U/R 11.4p Rob Byde 27/10/2017 GB00BF6P5V92 Xpediator BUY Under Review from 35p 28.2p Rob Byde 24/10/2017 GB0000600931 Braemar Shipping Services BUY 360p 288p Rob Byde 16/10/2017 GB00B9GQVG73 AB Dyanmics BUY from HOLD 675p from 625p 595p Rob Byde 11/10/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1122p Rob Byde 04/10/2017 GB0031410581 Image Scan BUY U/R from 8.8p 9p Rob Byde 03/10/2017 GB00B9GQVG73 AB Dyanmics HOLD 625p 577.5p Rob Byde 03/10/2017 GB0009290080 Wincanton HOLD 280p 235p Rob Byde 02/10/2017 GB00B7KR2P84 easyJet BUY 1600 1217p Rob Byde 29/09/2017 GB00BD736828 Air Partner BUY 170p from 160p 130p Rob Byde 28/09/2017 GB00BD736828 Air Partner BUY 160p 126.5p Rob Byde 27/09/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1090p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Rob Byde 26/09/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1105p Rob Byde 25/09/2017 GB00BF6P5V92 Xpediator BUY 35p 27.5p Rob Byde 07/09/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1075p Rob Byde 06/09/2017 GB00B3ZP1526 Gama Aviation HOLD from BUY 270p 247p Rob Byde 25/08/2017 GB00BD736828 Air Partner BUY 160p 132p Rob Byde 15/08/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1073p Rob Byde 09/08/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1058p Rob Byde 03/08/2017 IE00BYTBXV33 Ryanair HOLD €19.0 from €13.5€ € 18.40 Rob Byde 28/07/2017 GB00BMMV6B79 Clipper Logistics HOLD U/R 431p Rob Byde 28/07/2017 ES0177542018 Int'l Consolidated HOLD U/R 594p Rob Byde 25/07/2017 GB00BD736828 Air Partner BUY 160p 122p Rob Byde 24/07/2017 IE00BYTBXV33 Ryanair HOLD U/R € 18.05 Rob Byde 24/07/2017 GB00B7KR2P84 easyJet BUY 1600 from U/R 1335p Rob Byde 20/07/2017 GB00B7KR2P84 easyJet BUY U/R 1418p Rob Byde 18/07/2017 GB00BDVZYZ77 Royal Mail HOLD 450p 398p Rob Byde 18/07/2017 GB00B3ZP1526 Gama Aviation BUY 270p 244p Rob Byde 11/07/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1062p Rob Byde 03/07/2017 GB0009290080 Wincanton HOLD from BUY 280p from 225p 265p Rob Byde 28/06/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1032p Rob Byde 23/06/2017 GB0000600931 Braemar Shipping Services BUY 360p 280p Rob Byde 21/06/2017 GB00BDVZYZ77 Royal Mail HOLD 450p from 500p 443p Rob Byde 30/05/2017 IE00BYTBXV33 Ryanair HOLD U/R € 17.75 Rob Byde 25/05/2017 GB0000600931 Braemar Shipping Services BUY 360p from 330p 307p Rob Byde 18/05/2017 GB00BDVZYZ77 Royal Mail HOLD 500p 430p Rob Byde 17/05/2017 GB0009290080 Wincanton BUY U/R 274p Rob Byde 16/05/2017 GB00B7KR2P84 easyJet BUY U/R from 1200p 1310p Rob Byde 16/05/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1092p Rob Byde 10/05/2017 GB0000600931 Braemar Shipping Services BUY 330p 320p Rob Byde 09/05/2017 GB00BD736828 Air Partner BUY 160p 112p Rob Byde 05/05/2017 ES0177542018 Int'l Consolidated HOLD U/R from 500p 572p Rob Byde 13/04/2017 GB00BDVZYZ77 Royal Mail HOLD 500p 419p Rob Byde 11/04/2017 GB00B3ZP1526 Gama Aviation BUY 270p from 230p 219.5p Rob Byde 10/04/2017 BMG6699D1074 Ocean Wilsons BUY 1400p 1010p Rob Byde 05/04/2017 BMG6699D1074 Ocean Wilsons BUY 1400p from 1300p 1010p Rob Byde 31/03/2017 GB0009290080 Wincanton BUY U/R from 225p 252p Rob Byde 27/01/2017 BMG6699D1074 Ocean Wilsons BUY 1400p from 1300p 1010p Rob Byde 27/01/2017 GB00B3ZP1526 Gama Aviation BUY U/R from 230p 223p Rob Byde 08/03/2017 GB00B7KR2P84 easyJet BUY 1200p 954p Rob Byde 01/03/2017 GB00B7KR2P84 easyJet BUY from HOLD 1200p from 1150p 936p Rob Byde 01/03/2017 ES0177542018 Int'l Consolidated HOLD 500p from 520p 524p Rob Byde 24/02/2017 ES0177542018 Int'l Consolidated HOLD 520p 504p Rob Byde 16/02/2017 BMG6699D1074 Ocean Wilsons BUY 1300p 1030p Rob Byde 08/02/2017 GB0000600931 Braemar Shipping Services BUY 330p 266p Rob Byde 06/02/2017 IE00BYTBXV33 Ryanair HOLD U/R from €13.5 € 14.77 Rob Byde 01/02/2017 GB00B4QMVR10 Flybe HOLD U/R 35p Rob Byde 30/01/2017 GB00B7KR2P84 easyJet HOLD from BUY 1150p 1000p Rob Byde 27/01/2017 GB0000600931 Braemar Shipping Services BUY from HOLD 330p from 400p 235p Rob Byde 24/01/2017 GB00B7KR2P84 easyJet BUY 1300p 1065p Rob Byde 23/01/2017 GB0000600931 Braemar Shipping Services U/R from HOLD U/R from 400p 293p Rob Byde 19/01/2017 GB00BDVZYZ77 Royal Mail HOLD 500p 449p Rob Byde 13/01/2017 GB00B3ZP1526 Gama Aviation BUY 230p from 200p 169p Rob Byde 11/01/2017 BMG6699D1074 Ocean Wilsons BUY 1300p 995p Rob Byde 09/01/2017 GB00B3ZP1526 Gama Aviation BUY from HOLD 200p 154p Rob Byde 03/01/2017 GB00B3ZP1526 Gama Aviation HOLD 200p 136p Sam Wahab 24/11/2017 CA78410A1075 SDX Energy BUY 84p 50.25p Sam Wahab 21/11/2017 CA78410A1075 SDX Energy BUY 84p 51p Sam Wahab 20/11/2017 CA78410A1075 SDX Energy BUY 84p 50.25p Sam Wahab 13/11/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 38p 17.75p Sam Wahab 31/10/2017 GB00B28YML29 Egdon Resources BUY 31p 8p Sam Wahab 11/10/2017 GB00B06VGC01 Gulfsands Petroleum N/R N/R 5.25p Sam Wahab 11/10/2017 CA78410A1075 SDX Energy BUY 84p 51p Sam Wahab 05/10/2017 CA78410A1075 SDX Energy BUY 84p 49.75p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Sam Wahab 02/10/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 38p from 37p 12.1p Sam Wahab 26/09/2017 GB0033032904 Faroe Petroleum BUY 100p 97p Sam Wahab 12/09/2017 GB0033032904 Faroe Petroleum BUY 100p 97.5p Sam Wahab 25/08/2017 CA78410A1075 SDX Energy BUY 84p 44p Sam Wahab 14/08/2017 GB00B03VVN93 Sirius Petroleum BUY 2.3p 1.2p Sam Wahab 14/08/2017 GB00B28YML29 Egdon Resources BUY 31p 9.13p Sam Wahab 09/08/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 37p 10.3p Sam Wahab 31/07/2017 IM00B1FPZP63 Andalas Energy & Power BUY 0.50p 0.07p Sam Wahab 26/07/2017 GB0001500809 Tullow Oil SELL U/R 154p Sam Wahab 26/07/2017 GB0033032904 Faroe Petroleum BUY 100p 79p Sam Wahab 24/07/2017 GB00B8HHWX64 Eland Oil & Gas BUY 149p 51p Sam Wahab 13/07/2017 GB00B28YML29 Egdon Resources BUY 31p 7.25p Sam Wahab 07/07/2017 CA78410A1075 SDX Energy BUY 84p from 83p 51p Sam Wahab 30/06/2017 GB00B580MF54 Hurricane Energy BUY Under Review 37p Sam Wahab 28/06/2017 IE00B66B5T26 Providence Resources BUY 33p 16p Sam Wahab 26/06/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 37p 11.3p Sam Wahab 23/06/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 37p 11.25p Sam Wahab 20/06/2017 IE00B66B5T26 Providence Resources BUY 33p 16p Sam Wahab 13/06/2017 CA9506771042 Wentworth Resources BUY 57p 21p Sam Wahab 13/06/2017 GB0033032904 Faroe Petroleum BUY from HOLD 100p 83p Sam Wahab 12/06/2017 GB00B28YML29 Egdon Resources BUY 31p 8p Sam Wahab 12/06/2017 GB00B90XFF12 Sound Energy BUY 76p 67p Sam Wahab 09/06/2017 IE00B66B5T26 Providence Resources BUY 33p 16.1p Sam Wahab 07/06/2017 IE00B66B5T26 Providence Resources BUY 33p 16p Sam Wahab 07/06/2017 GB00B8HHWX64 Eland Oil & Gas BUY U/R from 149p 62p Sam Wahab 25/05/2017 GB0032087826 Amerisur Resources BUY 45p 26.5p Sam Wahab 24/05/2017 GB00B03VVN93 Sirius Petroleum BUY 2.3p 1.05p Sam Wahab 23/05/2017 IM00B1FPZP63 Andalas Energy & Power BUY 0.5p 0.08p Sam Wahab 23/05/2017 GB00B90XFF12 Sound Energy BUY 76p 70p Sam Wahab 19/05/2017 GB00B28YML29 Egdon Resources BUY 31p 9.25p Sam Wahab 19/05/2017 CA78410A1075 SDX Energy BUY 83p 59p Sam Wahab 17/05/2017 GB00B90XFF12 Sound Energy BUY from HOLD 76p from 94p 67p Sam Wahab 12/05/2017 GB00B580MF54 Hurricane Energy BUY Under Review 63p Sam Wahab 09/05/2017 CA78410A1075 SDX Energy BUY 83p from 78p 54p Sam Wahab 08/05/2017 GB00B580MF54 Hurricane Energy BUY Under Review from 69p 64p Sam Wahab 04/05/2017 GB0032087826 Amerisur Resources BUY 45p 24p Sam Wahab 03/05/2017 GB00B28YML29 Egdon Resources BUY 31p 9.25p Sam Wahab 03/05/2017 IM00B1FPZP63 Andalas Energy & Power BUY 0.5p 0.11p Sam Wahab 02/05/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 37p 13.5p Sam Wahab 27/04/2017 GB00B8HHWX64 Eland Oil & Gas BUY 149p 57p Sam Wahab 25/04/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 37p 15p Sam Wahab 25/04/2017 CA78410A1075 SDX Energy BUY 78p 66p Sam Wahab 24/04/2017 GB00B8HHWX64 Eland Oil & Gas BUY 149p 55p Sam Wahab 24/04/2017 IM00B1FPZP63 Andalas Energy & Power BUY 0.5p 0.10p Sam Wahab 20/04/2017 GB0032087826 Amerisur Resources BUY 45p 21p Sam Wahab 18/04/2017 CA78410A1075 SDX Energy BUY 78p 49p Sam Wahab 13/04/2017 GB00B03VVN93 Sirius Petroleum BUY 2.3p 0.88p Sam Wahab 12/04/2017 IE00B66B5T26 Providence Resources BUY 33p 17p Sam Wahab 11/04/2017 GB00B28YML29 Egdon Resources BUY 31p 9.5p Sam Wahab 10/04/2017 GB0032087826 Amerisur Resources BUY 45p 22.5p Sam Wahab 07/04/2017 BMG4209G1087 Gulf Keystone Petroleum BUY 270p 119p Sam Wahab 06/04/2017 BMG4209G1087 Gulf Keystone Petroleum BUY 270p 120p Sam Wahab 04/04/2017 GB00B28YML29 Egdon Resources BUY 31p 9.38p Sam Wahab 04/04/2017 GB0032087826 Amerisur Resources BUY 45p 23p Sam Wahab 31/03/2017 GB00B8HHWX64 Eland Oil & Gas BUY 149p 46p Sam Wahab 29/03/2017 CA13643D1078 Canadian Overseas Petroleum BUY 11p 1.23p Sam Wahab 29/03/2017 GB00B01QGH57 Baron Oil BUY 1.8p 0.33p Sam Wahab 24/03/2017 CA78410A1075 SDX Energy BUY 78p 50p Sam Wahab 24/03/2017 GB00BGCYZL73 Parkmead BUY 163p 44p Sam Wahab 23/03/2017 GB00B90XFF12 Sound Energy HOLD 94p 85p Sam Wahab 21/03/2017 GB0033032904 Faroe Petroleum HOLD 100p 94p Sam Wahab 20/03/2017 CA78410A1075 SDX Energy BUY 78p 46p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Sam Wahab 14/03/2017 GB00B90XFF12 Sound Energy BUY 94p 93p Sam Wahab 20/02/2017 GB00B90XFF12 Sound Energy BUY 94p from U/R 81p Sam Wahab 09/03/2017 GB0032087826 Amerisur Resources BUY 45p 23p Sam Wahab 09/03/2017 GB00B8JG4R91 Trinity Exploration & Production BUY 36.6p 17.5p Sam Wahab 07/03/2017 GB00B12WC938 Cadogan Petroleum BUY 30p 9.75p Sam Wahab 03/02/2017 CA78410A1075 SDX Energy BUY 78p 49p Sam Wahab 28/02/2017 CA9506771042 Wentworth Resources BUY 57p 28p Sam Wahab 27/02/2017 IM00B1FPZP63 Andalas Energy & Power BUY 0.5p 0.11p Sam Wahab 23/02/2017 BMG4209G1087 Gulf Keystone Petroleum BUY 270p 126p Sam Wahab 22/02/2017 GB00B03VVN93 Sirius Petroleum BUY 2.3p 0.78p Sam Wahab 21/02/2017 GB00B8HHWX64 Eland Oil & Gas BUY 149p 46p Sam Wahab 20/02/2017 GB00B90XFF12 Sound Energy BUY U/R from 93.5p 81p Sam Wahab 16/02/2017 IM00B1FPZP63 Chariot Oil & Gas HOLD 9p 10p Sam Wahab 09/02/2017 BMG4209G1087 Gulf Keystone Petroleum BUY 270p 125p Sam Wahab 08/02/2017 GB0001500809 Tullow Oil SELL U/R 295p Sam Wahab 08/02/2017 AU000000RRS3 Range Resources BUY 1.7p 0.35p Sam Wahab 07/02/2017 GB00B90XFF12 Sound Energy BUY 103p 81p Sam Wahab 07/02/2017 GB00B580MF54 Hurricane Energy BUY 69p 54p Sam Wahab 07/02/2017 GB00B28YML29 Egdon Resources BUY 31p 11.25p Sam Wahab 03/02/2017 CA78410A1075 SDX Energy BUY 78p 40p Sam Wahab 01/02/2017 IM00B1FPZP63 Andalas Energy & Power BUY 0.50p 0.14p Sam Wahab 31/01/2017 GB00B8HHWX64 Eland Oil & Gas BUY 149p 46p Sam Wahab 27/01/2017 CA78410A1075 SDX Energy BUY 78p from 71p 26p Sam Wahab 26/01/2017 AU000000RRS3 Range Resources BUY 1.7p 0.38p Sam Wahab 24/01/2017 GB0032087826 Amerisur Resources BUY 45p 26p Sam Wahab 23/01/2017 IE00B66B5T26 Providence Resources BUY 33p 17p Sam Wahab 23/01/2017 BMG4209G1087 Gulf Keystone Petroleum BUY 270p 130p Sam Wahab 19/01/2017 GB00B90XFF12 Sound Energy BUY 103p 70p Sam Wahab 18/01/2017 GB0033032904 Faroe Petroleum HOLD from BUY 100p 103p Sam Wahab 17/01/2017 GB0001500809 Tullow Oil SELL U/R 313p Sam Wahab 16/01/2017 GB00B580MF54 Hurricane Energy BUY 69p 50p Sam Wahab 10/01/2017 GB0001500809 Tullow Oil SELL U/R 334p Sam Wahab 09/01/2017 IM00B1FPZP63 Chariot Oil & Gas HOLD 9p 9p Will Game 28/08/2017 GB00BSM98843 Directa Plus BUY 80p 54p Will Game/Rob Byde 19/09/2017 GB0002892528 Surface Transforms BUY 25.0p 16.1p Will Game 01/09/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 174.5p Will Game 31/08/2017 GB00B1XFKR57 Pressure Technologies BUY 170p 142p Will Game 29/08/2017 GB0031410581 Image Scan BUY 8.8p 7p Will Game 22/08/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 172.5p Will Game 21/08/2017 GB00BSM98843 Directa Plus BUY 80p 57.1p Will Game 10/08/2017 GB00B9GQVG73 AB Dyanmics HOLD 625p 602.5p Will Game 09/08/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 170p Will Game 07/08/2017 GB00BSM98843 Directa Plus BUY from HOLD 80p 32p Will Game 27/07/2017 GB0002922382 Torotrak HOLD U/R from 5.3p 0.6p Will Game 19/07/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 182.5p Will Game 17/07/2017 GB0031410581 Image Scan BUY 8.8p from 7.6p 4.6p Will Game 10/07/2017 GB00BM4NR742 Flowtech Fluidpower BUY 180p 140p Will Game 20/06/2017 GB0002892528 Surface Transforms BUY 25p from 40p 19p Will Game 13/06/2017 GB00B1XFKR57 Pressure Technologies BUY 170p 136p Will Game 13/06/2017 GB00BD37ZH08 Autins Group BUY 240p 126p Will Game 13/06/2017 GB0002675048 Dewhurst BUY 800p from 750p 660p Will Game 08/06/2017 GB00BSM98843 Directa Plus HOLD 80p 66p Will Game 06/06/2017 GB0002259116 Gooch & Housego BUY 1400p from 1250p 1453p Will Game 30/05/2017 GB0007325078 Renold BUY 65p 59.5p Will Game 25/05/2017 GB00BM4NR742 Flowtech Fluidpower BUY 180p 147p Will Game 23/05/2017 GB0007281198 Scapa HOLD 410p from 310p 433p Will Game 17/05/2017 GB0009896605 Zotefoams BUY 345p 290p Will Game 16/05/2017 GB0000667013 Avon Rubber BUY 1200p 1063p Will Game 15/05/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 199p Will Game 11/05/2017 GB0031410581 Image Scan BUY 7.6p 5.6p Will Game 28/04/2017 GB00BSM98843 Directa Plus HOLD from BUY 80p from 150p 91p Will Game 26/04/2017 GB0031410581 Image Scan BUY 7.6p 6.3p Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55 Will Game 25/04/2017 GB00B9GQVG73 AB Dyanmics HOLD 625p from 590p 603p Will Game 13/04/2017 GB00BM4NR742 Flowtech Fluidpower BUY 180p 146p Will Game 11/04/2017 GB0007325078 Renold BUY 65p from 50p 56.3p Will Game 10/04/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 179.8p Will Game 05/04/2017 GB0002259116 Gooch & Housego HOLD from BUY 1250p 1261p Will Game 04/04/2017 GB00BM4NR742 Flowtech Fluidpower BUY 180p 130.5p Will Game 31/03/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 167.5p Will Game 31/03/2017 GB00BD37ZH08 Autins Group BUY 240p 120.5p Will Game 29/03/2017 GB00B9GQVG73 AB Dyanmics HOLD 590p from 515p 600p Will Game 22/03/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 167p Will Game 15/03/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 165.5p Will Game 14/03/2017 GB0009896605 Zotefoams BUY 345p 317.5p Will Game 07/03/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 179p Will Game 07/03/2017 GB00BD37ZH08 Autins Group BUY 240p from 275p 160p Will Game 24/02/2017 GB0002259116 Gooch & Housego BUY 1250p 1165p Will Game 22/02/2017 GB0002259116 Gooch & Housego BUY 1250p from 1100p 970p Will Game 21/02/2017 GB0031410581 Image Scan BUY 7.6p 5.3p Will Game 21/02/2017 IM00B511CF53 Hayward Tyler HOLD from BUY U/R from 120p 45p Will Game 20/02/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 173.5p Will Game 20/02/2017 GB00BSM98843 Directa Plus BUY 150p 119p Will Game 13/02/2017 GB0002892528 Surface Transforms BUY 40p 22.3p Will Game 07/02/2017 GB00BD37ZH08 Autins Group BUY 275p 153p Will Game 02/02/2017 GB0002892528 Surface Transforms BUY 40p 21.4p Will Game 02/02/2017 GB0002675048 Dewhurst BUY 750p 615p Will Game 02/03/2017 GB00BKWQ1135 Haydale Graphene BUY 230p 178.5p Will Game 01/02/2017 GB00BD37ZH08 Autins Group BUY 275p 220p Will Game 01/02/2017 GB0002922382 Torotrak HOLD from BUY 5.3p from 11p 0.86p Will Game 30/01/2017 GB0002922382 Torotrak HOLD from BUY U/R from 11p 1.8p Will Game 24/01/2017 GB0002675048 Dewhurst BUY 750p 615p Will Game 23/01/2017 GB00BM4NR742 Flowtech Fluidpower BUY 180p 134p

*Please note that this company is not under research coverage

Market price The market price shown above is the market price at the time of the dissemination of the investment recommendation, not the current market price.

*Please note that this company is not under research coverage 1 Recommendations and target price MAR defines investment recommendations as being " information recommending or suggesting an investment strategy, explicitly or implicitly, concerning one or several financial instruments or the issuers, including any opinion as to the present or future value or price of such instruments, intended for distribution channels or for the public "

A BUY recommendation means we expect an increase of 10% or more (as determined by the target price) in the value of the financial instrument to which this recommendation relates over the specified time period, or if not otherwise specified, over 12 months. A SELL recommendation means we expect a decrease of 10% or more (as determined by the target price) in the value of the financial instrument to which this recommendation relates over the specified time period, or if not otherwise specified, over 12 months. A HOLD recommendation means we expect the value of the financial instrument to which this recommendation relates to remain within the range of >-10% to <10% (as determined by the target price) over the specified time period, or if not otherwise specified over 12 months.

2 Market price The market price is the market price at the time of the dissemination of the investment recommendation, not the current market price. 3 Disclosures of interest Disclosures of interests are made with reference to the table below 1 The analyst(s) named on the front page of this research note and / or any other connected person to them is a holder(s) of the following company (ies) mentioned / referenced in this research note 2 Cantor Fitzgerald Europe or an affiliated company has a shareholding exceeding 0.5% of the total issued share capital in the relevant issuer Research department: Investment recommendations since 3rd July 2016 Current as of 20/07/2018 @07.55

3 Cantor Fitzgerald Europe or an affiliated company has other financial interests in relation to the relevant issuer, which are significant in relation to the research 4 Cantor Fitzgerald Europe is a market maker or liquidity provider in the securities of the relevant issuer 5 Cantor Fitzgerald Europe has been lead manager or co-lead manager over the previous 12 months of a publicly disclosed offer of securities of the relevant issuer

6 Cantor Fitzgerald Europe is party to an agreement with the relevant issuer relating to the provision of investment banking services (including, for example, broking and financial advisory roles) and the agreement has been in effect over the previous 12 months or has given rise during the same period to a payment or to the promise of payment

7 Cantor Fitzgerald Europe is party to an agreement with the relevant issuer relating to the production of research, although the timing and content of the research is exclusively the preserve of the analyst 8 A director, officer, employee of Cantor Fitzgerald Europe or its affiliated companies, is an officer, director, or serves as an advisor or board member of the relevant issuer and / or one of its subsidiaries 9 A draft of this research note has been shown to the company following which factual amendments have been made 10 A draft of this research note has been shown to the company following which no factual amendments have been made 11 Cantor Fitzgerald Europe is party to an agreement with the relevant issuer relating to the provision of certain broking services