• Which companies are forecast by brokers to show the greatest future earnings growth?
• Which companies' shares are priced most cheaply in relation to the earnings growth brokers have forecast?
• Which companies utilise their assets most efficiently in terms of return on capital employed?
• Which shares have shown the best and worst relative strength against the market?
• Which shares have the highest yield?

About any company...

• What business is it in and in what geographical areas does it operate?
• How have its shares performed in their own right and in relation to the market as a whole?
• What is its earnings record and how does this compare with brokers' estimates of its future prospects?
• Does the company have lots of cash or is it heavily borrowed? How soon does it have to repay its borrowings?
• What has the company itself been saying about its own prospects? Are its statements becoming more or less optimistic?
• How does the company compare with its sector and the market overall on all key investment statistics?
• When is the company next due to make an announcement of its results?
• What recent dividends has the company paid?
• How many shares are held by directors and major institutions and have they been buying or selling within the last six months?

The answers to these questions and many more can be found in REFS

Who subscribes to Company REFS?

REFS subscribers include fund managers, stockbrokers and serious private investors.

Here is a selection of their comments:

CD REFS has made it possible for private investors to search the whole universe of shares for the few that measure up to their own tailor made criteria
Terry Bond, Private Investor

A first class product. Very useful for our business of advising private clients
Mark Thornton, Partner, SP Angel & Co.

A superb investment tool
Terry Smith, Director Collins Stewart

It gives me a rapid overview and the hard facts of a company
Kenneth Levy, Director - Unit Trusts, Capel Cure

I must once again congratulate you for REFS which I think is unique and a very useful tool in implementing a successful investment strategy
Jayesh Manek, Twice winner of the Sunday Times Annual Share Contest now manages the Manek Growth Fund.

REFS has transformed my investment success: having started using REFS in '95, my investments rose in that year by 47% followed by a 61% increase last year
John Mead - private investor

Company REFS is a treasure trove. How did I ever manage without it?
Bernice Cohen - Author of The Armchair Investor

It has revolutionised and simplified my investment policy
G L Hobbs, private investor

My portfolio has grown in excess of 110% with little or no long-term risk
Peter D Marshall, private investor

Following my retirement, the extraordinary results that I have achieved from a personal investment programme, based upon the use of REFS, have quickly replaced the income from my former employment as a full time professional fund manager. And with a great deal more enjoyment.
Bryan Quinton, private investor

It is far and away the most valuable investment reference book. Nothing else comes close -indeed, I now scarcely need to use any others. Pretty much all I want is there in REFS
Michael Walters - Daily Mail

For my type of value analysis I find REFS really excellent, a great time saver and absolutely indispensable.
Richard von Goetzen - Hedge Fund Manager

Will REFS tell me which shares to buy?

The answer is an emphatic no!. REFS isn't a tip sheet and HS Financial are not authorised to give investment advice. What REFS will do is give you the information you need to evaluate a share and make an informed investment decision.