Editorial Policy

Who publishes this

Indy Finance is published by Blackriver Fintech OÜ, Ruunaoja tn 3, 11415 Tallinn, Estonia (VAT EE102482937). Full company details are on the Impressum page.

Where the reporting comes from

Every report is built from public wire sources: central-bank and regulator press releases, wire services and finance press RSS feeds. The specific items a report drew on are listed at the bottom of that report and link straight to the original.

Market data comes from free, public endpoints — end-of-day and intraday prices, reported financial statements, and corporate-actions data. There is no paid data vendor behind this site, which is a deliberate constraint: everything here can be independently checked by anyone.

How reports are produced

Reports on this site are produced automatically. They are not written by a journalist, and that is stated on every report rather than buried on this page, because a reader deciding how much weight to give a piece needs to know how it was made at the point of reading it.

The desk does not browse. It is given the text of specific wire items and writes from those alone, and every report lists the items it drew on, linked to the originals. Where a figure appears in a report it came from a cited source or from the market data shown elsewhere on this site — a standalone report also requires at least two independent sources before it is published.

What that means in practice: a report here is a synthesis of sources you can go and read yourself, not reporting of its own. It is worth exactly as much as the sources under it, which is why they are listed.

What the Research terminal does and does not do

The Research terminal computes everything in your browser from raw provider payloads. It applies no house view, no proprietary score, and no ranking that we control — the multiples, margins and growth rates it shows are arithmetic over reported figures.

Peer comparisons use the comparable-company list the data provider publishes for that symbol. That is a proxy for a formal industry classification, not a substitute for one, and it is labelled as such on the page.

Fundamental history on the free data tier extends roughly four fiscal years and five quarters. Longer-run charts on the same page are price-based, where full history is available.

What the labels on a report mean

Every report carries a format. BREAKING STORY is a specific event in the last few hours that changes something. SPECIAL REPORT is a deeper look at a sector, an industry structure or a company's strategy. MARKET REPORT is what an index, sector or asset class did and why. DAILY WRAP is an end-of-session recap.

Some reports also carry a direction — BULLISH or BEARISH. That label describes the direction of the market reaction the cited sources report. It is not a view on the security, not a forecast, and not a recommendation. It appears only where a named instrument makes a direction well-formed; macro reports and anything genuinely mixed carry no direction at all, because manufacturing one would be dishonest.

Topics describe what a report is about, and are assigned by scoring the text rather than by looking for a single mention: a subject named in the headline counts for far more than one mentioned in passing, and a topic has to clear a threshold before it is applied. Under-tagging is preferred to over-tagging, because a topic page is only as useful as the least relevant thing on it.

Most reports end with a line headed “what would change this view”: a concrete, checkable statement of what would have to happen for the piece's framing to be wrong. It is there because a report that cannot be wrong is not worth much.

Corrections

Reports carry both a published and a last-modified timestamp, and the modified date is what appears in structured data. If a report is materially wrong, it is corrected in place and the correction is stated in the body rather than made silently.

To report an error, use the contact details on the Impressum page.

The Buy List, and conflicts of interest

The Buy List 2026 is a tracked model portfolio, published in full with entry dates and prices so its performance can be checked rather than claimed. It is a published position, not a recommendation, and the fact that a symbol is held is shown on that symbol's Research page.

Nothing on this site is investment advice, an offer, or a solicitation. It is market commentary and research published for general information.