All material in this communication, unless specified otherwise, is under copyright to Cratos Asset Management (“CAM”) and may not be altered, distributed or copied in any way without the prior written permission of CAM. While every care has been taken in compiling this communication, CAM makes no representations regarding the accuracy or completeness thereof and consequently accepts no liability for any losses arising from any reliance upon its contents. This communication is for information purposes only and not to be used or construed as an offer or solicitation of an offer to buy, sell or subscribe for any financial instrument or product. This report is factual in nature and based on the research and analysis conducted by the document’s author (CAM) and is not to be considered as financial advice. The author of this report has not considered whether this report’s contents are suitable as a personal recommendation for any particular investor. As a result, the investment products and services contained herein may not be suitable for you and it is recommended that you consult an independent financial advisor should you have questions in this regard. CAM does not offer tax advice and it is recommended that you speak to a tax adviser should you have any questions. This communication is a short term-share pick; the share may or may not feature in the long-term discretionary portfolios managed on behalf of CAM’s clients. Cratos Asset Management is an FSCA-approved Financial Services Provider under licence number 46597.