Onside Issue 4 - Cover2

Important Notice - Marketing Communication: This document has been issued by Seneca Partners
Limited who are authorised and regulated by the Financial Conduct Authority.
Seneca refers to Seneca Partners Limited, Seneca Investments Limited, Seneca Investment Managers
Limited and Acceleris Capital Limited. It also refers to associated companies of the brand who do not
perform investment business under the Financial Services and Markets Act 2000. The information in
this document does not constitute advice or a personal recommendation and you should not make any
investment decisions on the basis of it. This document is for the information of the recipient only and
should not be reproduced, copied or made available to others. This document does not take into account
the particular investment objectives, financial situations or needs of individual clients. You are advised to
contact your investment adviser as to the suitability of each investment, for your own circumstances and
before taking any action. Taxation treatment depends on the circumstances of each individual and may
be subject to change. This document has been prepared with all reasonable care and is not knowingly
misleading in whole or in part. The information herein has been obtained from sources which we consider
to be reliable but its accuracy and completeness cannot be guaranteed. Directors, staff and clients may
have a position or engage in transactions in any securities mentioned. No responsibility is taken for any
losses, including, without limitation, any consequential loss, which may be incurred by clients acting upon
the contents of this document. The opinions and conclusions given are those of Seneca Partners Limited
and are subject to change without notice. In addition, it should be remembered that past performance
is not necessarily a guide to future performance and the value of an investment and any income from
it can fall as well as rise in value, therefore your capital is always at risk and you may not get back the
amount originally invested. Shares in smaller companies tend to be traded less frequently and in smaller
amounts than those of larger companies, this can make the timing of sales and purchases more difficult.
Clients should be aware that companies whose shares are traded on an unregulated market for example
the Alternative Investment Market (AIM) carry a higher degree of risk than companies whose shares are
listed on a regulated market for example the London Stock Exchange (LSE). Unquoted shares are by their
nature illiquid and may not be sold easily and may not be sold for value. This document is classified as
being "non-independent" Investment Research and is a marketing communication as defined by the FCA's
Conduct of Business Rule 12.3. It has not been prepared in accordance with legal requirements designed
to promote the independence of investment research and is not subject to any prohibition on dealing
ahead of the dissemination of investment research.
Seneca Partners Limited and Seneca Investment Managers Limited are Authorised and Regulated by the
Financial Conduct Authority. Acceleris Capital Limited and Seneca Investments Limited are Appointed
Representatives of Seneca Partners Limited. Seneca Partners Limited's registered office is at 12 The Parks,
Haydock, WA12 0JQ.



Table of Contents for the Digital Edition of Onside Issue 4

Contents
Onside Issue 4 - Cover1
Onside Issue 4 - Cover2
Onside Issue 4 - Contents
Onside Issue 4 - 4
Onside Issue 4 - 5
Onside Issue 4 - 6
Onside Issue 4 - 7
Onside Issue 4 - 8
Onside Issue 4 - 9
Onside Issue 4 - 10
Onside Issue 4 - 11
Onside Issue 4 - 12
Onside Issue 4 - 13
Onside Issue 4 - 14
Onside Issue 4 - 15
Onside Issue 4 - 16
Onside Issue 4 - 17
Onside Issue 4 - 18
Onside Issue 4 - 19
Onside Issue 4 - 20
Onside Issue 4 - 21
Onside Issue 4 - 22
Onside Issue 4 - 23
Onside Issue 4 - 24
Onside Issue 4 - 25
Onside Issue 4 - 26
Onside Issue 4 - 27
Onside Issue 4 - 28
Onside Issue 4 - 29
Onside Issue 4 - 30
Onside Issue 4 - 31
Onside Issue 4 - 32
Onside Issue 4 - 33
Onside Issue 4 - 34
Onside Issue 4 - 35
Onside Issue 4 - 36
Onside Issue 4 - 37
Onside Issue 4 - 38
Onside Issue 4 - Cover3
Onside Issue 4 - Cover4
https://www.nxtbookmedia.com