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This website (“the David Dall website”) is published by Shaw and Partners Limited (A.B.N. 24 003 221 583) (“Shaw”), participant of ASX Limited, Chi-X Australia Pty Limited and holder of Australian Financial Services Licence No 236048, in good faith based on the facts known to it at the time of preparation and does not purport to contain all relevant information in respect of the financial products to which it relates. Any projections are estimates only and may not be realised in the future.


All reports published by Shaw are published in good faith based on the facts known to it at the time of preparation and do not purport to contain all relevant information in respect of the Financial Products to which they relate. Any projections are estimates only and may not be realised in the future. Shaw prepares reports for multiple distribution and without consideration to the investment objectives, financial situation or particular needs (“Objectives”) of any individual investor. Accordingly, any advice given is general advice and is not a recommendation that a particular course of action is suitable for any particular person and is not suitable to be acted on as investment advice. Readers must assess whether or not the advice is appropriate to their Objectives before making an investment decision on the basis of this report. Readers can either assess the advice themselves or if they require a recommendation personal to them, they should seek the help of their Shaw private client advisor.

All research has been prepared for the use of clients of Shaw and Partners Limited and its wholly owned subsidiaries and must not be copied, either in whole or in part, or distributed to any other person. If you are not the intended recipient, you must not use or disclose the information in any research in any way. Nothing in this research will be construed as a notification to buy or sell any Financial Products, or to engage in or refrain from engaging in any transaction in a Financial Product. All research is based on information obtained from sources believed to be reliable but in stating so Shaw does not make any representation or warranty that it is accurate, complete or up to date.

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Disclaimer: Shaw and Partners Limited (ABN 24 003 221 583) is a participant of Participant of ASX Limited, Chi-X Australia Pty Limited and holder of Australian financial services licence number 236048 (“Shaw”). This email message is confidential and may be privileged. Unauthorised use, copying or distribution of any part of this email including attachments is prohibited. If you are not the intended recipient please forward the email to enquiries@shawandpartners.com.au and delete the original. Shaw does not guarantee the integrity of any emails or attached files (together the “document”). The views expressed are the author’s own and may not reflect the opinions of Shaw. The document has been prepared without taking into consideration any investor’s financial situations, objectives or needs. Accordingly before acting on the advice in this document, if any, you should consider its appropriateness or discuss it with one of our authorised representatives. Shaw has made every reasonable effort to ensure the information provided in this document is correct, but cannot make any representation nor warranty as to the accuracy, completeness or currency of that information. To the extent permissible by law Shaw accepts no responsibility for any errors or misstatements, negligent or otherwise. Shaw does not accept any responsibility to inform you of any matter that subsequently comes to its attention, which may affect any of the information contained in this document. Please note that Shaw, its associates, officers and employees may also have interests in the financial products referred to in this document by acting in various roles. They may undertake transactions in those financial products as principal or agent which are not consistent with any advice in this document, if any. Shaw or its authorised representatives may also receive fees or brokerage from dealing in financial products.