Research Recommendations
For the period 1 October to 31 December 2009
Brewin Dolphin Ltd produces research from two departments, Investment Banking Equity Sales and Research, and Private Client Equity Research. The figures below are for private client equity, fund and Investment Trust research only. Research statistics for the Investment Banking Equity Sales and Research are available on the Investment Banking Research recommendations page.
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 177 | 59% | 0% |
| Sell | 25 | 8% | 0% |
| Hold | 98 | 33% | 0% |
| Total | 300 | 100% | 0% |
Archive
For the period 1 July to 30 September 2009
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 174 | 60% | 0% |
| Sell | 15 | 5% | 0% |
| Hold | 103 | 35% | 0% |
| Total | 292 | 100% | 0% |
For the period 1 April to 30 June 2009
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 142 | 56% | 0% |
| Sell | 23 | 9% | 0% |
| Hold | 89 | 35% | 0% |
| Total | 254 | 100% | 0% |
For the period 1 January to 31 March 2009
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 205 | 55% | 0% |
| Sell | 26 | 7% | 0% |
| Hold | 140 | 38% | 0% |
| Total | 371 | 100% | 0% |
For the period 1 October to 31 December 2008
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 193 | 53% | 0% |
| Sell | 28 | 8% | 0% |
| Hold | 143 | 39% | 0% |
| Total | 364 | 100% | 0% |
For the period 1 July to 30 September 2008
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 195 | 55% | 0% |
| Sell | 25 | 7% | 0% |
| Hold | 137 | 38% | 0% |
| Total | 357 | 100% | 0% |
For the period 1 April to 30 June 2008
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 86 | 44% | 0% |
| Sell | 20 | 10% | 0% |
| Hold | 90 | 46% | 0% |
| Total | 196 | 100% | 0% |
For the period 1 January to 31 March 2008
| Recommendation | Numbers | % | Proportion of Clients that we have had a Corporate relationship with in previous 12 months % |
| Buy | 77 | 42% | 0% |
| Sell | 18 | 10% | 0% |
| Hold | 87 | 48% | 0% |
| Total | 182 | 100% | 0% |
The definitions for the three departments recommendations are summarised below:
Private Client Equity Recommendation Parameters:
- Buy - Market forecast plus 10% total return or more
- Sell - Market forecast minus 10% total return or more
- Hold - Market forecast plus factor of between nil and 10% total return or minus factor of between nil and 10% total return
Market Forecast - 12 months percentage change in the FTSE100 plus expected dividend yield from the most recent quarter ending.
Fund Research and Investment Trust Research Recommendation Parameters:
- Buy - The fund is expected to out-perform its stated benchmark over a three year cycle
- Sell - The fund is expected to under-perform its stated benchmark over a three year cycle
- Hold - The fund is being monitored until circumstances change sufficiently to allow for a buy or sell recommendation to be made