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ShareSoc
INVESTOR ACADEMY

Analyst Notes

Institutional investors have access to a vast array of “notes” (I.E. research reports) produced by analysts, generally working for stockbrokers or investment banks. These are often difficult for individual investors to obtain – an issue that ShareSoc will work to remedy.

There are, however, a numbers of organisations and websites that do make such information available for individual investors. Investors, however, must be aware that much of the research material is sponsored by the companies being researched. Sometimes authors or their organisations have a financial interest or relationship with the subject company. Hence, shrewd investors  should treat this material with appropriate caution and consider it to be a “marketing communication” (which it is often labelled as, under FCA regulation). Nevertheless, it often contains useful information that can offer valuable background for further research.

The following organisations/websites provide such useful research material for investors. Most are free to access. When investigating a company as a potential investment, it is a good idea to search these sites for any available research on it. We indicate where there is a subscription/fee, with the symbol $$. Clicking on the site logos will take you to the sites.

($$)Research Tree

Research Tree is a company research aggregator site. It combines freely available research (often from the providers listed below), with broker notes from a variety of sources for professional investors, to offer a very wide range of research. Research Tree also offers a free service for individual investors who do not qualify as HNW or sophisticated investors.

Please note: ShareSoc Full Members can obtain discounts against subscriptions to this service. Contact our office for details.

Edison Investment Research

Edison is the largest provider of commercially sponsored investment research. Readers should bear in mind that this research is generally paid for by the firms being reported on. Nevertheless, it is useful in providing forecasts that few companies publish themselves and there is often good competitive analysis of the sub-sector in which the company being analysed operates.

Hardman & Co

Hardman & Co are also a provider of commercially sponsored investment research.

Equity Development

Equity Development are another provider of commercially sponsored investment research.

Investors Champion

Investors Champion are an unusual provider of investment research and commentary, specialising in companies quoted on the AIM market. Some of their output is commercially sponsored, but some is entirely independent, sometimes with critiques of companies the authors feel are overvalued. Investors Champion also offers a unique service ($$) to investors seeking AIM investments that qualify for IHT relief.