The objective is high absolute returns far in excess of returns of the ftse index. Our aim is to provide members with the opportunity to share in the success of our team of professional investors.

There is no formula for deciding when to take profits or losses because the stock picking is based on catalysts and special sitiuations.

Subject to performance of the stock, the team will choose an appropriate time to either sell the entire position or take profits either on half the holding (in which case a final take profits recommendation may follow at a later stage).If the stock does not perform, because the catalyst has been misread or the company has deteriorated in performance, a sell recommendation will be issued to take losses.

Targeted returns vary but are typically in excess of 50%.Our analyst team will initially give a buy recommendation with detailed explanation of the catalyst for growth.

We pick undervalued stocks where a "catalyst" has been identified that will send the stock higher over a 6 to 12 month period. Such catalysts include corporate reorganizations, refinancing, spin-offs, takeovers, liquidations, special dividends and new management.