Draft. This wording has not yet been approved.

Disclosures

Last updated 3 October 2026

What this publication is

Quiet Conviction publishes independent analysis of listed businesses and their industries. It does not give recommendations to buy, sell or hold any security, does not set target prices or ratings, and does not value companies.

Nothing on this site is investment advice or an offer to buy or sell securities. Reports do not consider any reader's financial situation or objectives. Make your own decisions, with a registered adviser if you need one.

Regulatory status

[Owner to confirm with a compliance professional: whether the author is registered with SEBI as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014, and the exact wording required. If registered: registration number, validity, and the mandatory disclosures. If relying on an exemption: which one.]

About the author

The author is a buy-side fund manager. [Owner to state: employer or "not disclosed", and that this publication is written in a personal capacity and is not produced, reviewed or endorsed by the employer.]

Holdings and conflicts

[Owner to state the holdings policy, e.g.: "The author, and funds the author manages, may hold positions in securities discussed. Each report states whether the author or those funds held a position in the covered company on the report date." or "The author does not trade in securities covered for N days before and after publication."]

We receive no payment from any company we write about, and companies do not see reports before publication.

Sources and accuracy

Reports draw on company filings, public data and conversations with people in the industry. Views attributed to industry participants are their own. Figures marked (E) are our estimates. Errors are corrected when found, and corrected reports show a revision date.