Terms of Use

Use of Ferasantoon Reports is subject to the following.

Reporting, not recommendation

What we publish describes companies, markets and decisions as we understood them at the time. It is not investment research, not a recommendation to buy or sell anything, and not a substitute for advice from someone regulated to give it. Nobody should commit capital on the strength of a report on this site.

Sources and figures

Numbers here are drawn from filings, company statements and press coverage; self-reported figures are labelled as such. Business facts age quickly, so trace anything material back to the original document before you act on it.

Corrections

We would rather be corrected than left wrong. Tell us what is inaccurate and we will amend the piece.

Rights and contact

The reports and images are ours except where stated. Quoting a passage with attribution and a link is welcome; republishing in full requires permission, which you can request at [email protected].