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How do I subscribe? We recommend that you pay by standing order, which protects you against future price rises (we have subscribers who still pay the same annual subscription rate which they were paying more than ten years ago). To download a standing order coupon as a PDF, which you can print out, please click here. Alternatively you can contact us for a coupon. If you would prefer to subscribe online and pay by credit card, simply use the order form below to subscribe, or to request a sample copy. You can receive the newsletter by post or by e-mail - the subscription form asks you to specify which you would prefer.
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Warning: you should not buy shares
or warrants with money you cannot afford to lose. This web site is intended
for UK investors. Options and other derivatives, warrants, and margined
transactions. This warning notice draws your attention to some of the
high risks associated with warrants. The risks attaching to instruments
and transactions of this kind are usually different from, and can be much
greater than, those attached to securities such as shares, loan stock
and bonds, such transactions often having the characteristics of speculation
as opposed to investment. Warrants may involve a high degree of 'gearing'
or 'leverage'. This means that a small movement in the price of the underlying
asset may have a disproportionately dramatic effect on your investment.
A relatively small adverse movement in the price of the underlying asset
can result in the loss of the whole of your original investment. Moreover,
because of the limited life of warrants, they may expire worthless. A
warrant is a right to subscribe for shares, debentures, loan stock or
government securities, usually exercisable against the original issuer
of the securities. Because of the high degree of gearing which they may
involve, the prices of warrants can be volatile. Accordingly, you should
not buy warrants with money you cannot afford to lose. You run an extra
risk of losing money when you buy shares in certain smaller companies
including ‘penny shares’. There is a big difference between
the buying price and the selling price of these shares. If you have to
sell them immediately, you may get back much less than you paid for them.
The price may change quickly, it may go down as well as up, and you may
not get back the full amount invested. It may be difficult to sell or
realise the investment. Because of the volatile nature of the investment,
a fall in its value could result in your recovering nothing at all. Changes
in rates of exchange may have an adverse effect on the value or price
of the investment in sterling terms. As with other investments, transactions
in warrants, shares, and investment trusts may also have tax consequences
and on these you should consult your tax adviser. We have taken all reasonable
care to ensure that all statements of fact and opinion contained on this
site are fair and accurate in all material respects. Investors should
seek appropriate professional advice if any points are unclear. This site
is intended to give general advice only, and the investments mentioned
are not necessarily suitable for any individual. It is possible that the
McHattie Warrants Alert Fund or officers of the McHattie Group may have
a beneficial holding in any of the securities mentioned. Published by
The McHattie Group, Clifton Heights, Triangle West, Bristol, BS8 1EJ.
© 2005. Tel: 0117 925 8882. Fax: 0117 925 4441. E-mail: enquiries@mchattie.co.uk.
All rights reserved. No part of this site may be reproduced, stored in
a retrieval system, or transmitted in any form by any means, electronic,
mechanical, photographic, or otherwise without the prior permission of
the copyright holder. Authorised and regulated by the Financial Services
Authority. |
Securitised Derivatives: these instruments
may give you a time-limited right to acquire or sell one or more types
of instrument which is normally exercisable against someone other than
the issuer of that investment. Or they may give you rights under a contract
for differences which allow for speculation on fluctuations in the value
of the property of any description or an index, such as the FTSE 100 Index.
In both cases, the investment or property may be referred to as the “underlying
instrument.” These instruments often involve a high degree of gearing or leverage, so that a relatively small movement in the price of the underlying investment results in a much larger movement, favourable or unfavourable, in the price of the instrument. The price of these instruments can therefore be volatile. These instruments have a limited life, and may (unless there is some form of guaranteed return to the amount you are investing in the product) expire worthless if the underlying instrument does not perform as expected. You should only buy this product if you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges. You should consider carefully whether or not this product is suitable for you in light of your circumstances and financial position, and if in any doubt please seek professional advice. |