Brexit triggers

Andrea B.

Any posters predict what shares are diving on Brexit uncertainty and after result will short term likely stay - on a No and climb back + on a Yes?

For ever odd

Look at what happened when we said "No" to Lisbon and Nice treaties.

If it is yes, look very CLOSELY at Deutsche Bank....

Brexit is only a sideshow in my opinion.

1st dalkey dalkey

I take it that the "Yes" in your question equals "Leave".
Since it will take years after the referendum to actually " Leave", I don't see any bounce back. Just another period of uncertainty, as we have had for the last few months, but longer.
Great for traders, not so great for investors.
With an expected 20% drop in Sterling after Brexit, it should mean bigger profits for UK based multinationals, all other things being equal. Their foreign earnings boosting their Sterling reported numbers.
If they vote to "Remain", I expect my BoI holding to increase in value.

elastico

Completely over hyped event. Nothing will change for anybody, I don't expect duty free to arrive back on the ferries any time soon.

For ever odd

1st dalkey dalkey wrote: »

I take it that the "Yes" in your question equals "Leave".
Since it will take years after the referendum to actually " Leave", I don't see any bounce back. Just another period of uncertainty, as we have had for the last few months, but longer.
Great for traders, not so great for investors.
With an expected 20% drop in Sterling after Brexit, it should mean bigger profits for UK based multinationals, all other things being equal. Their foreign earnings boosting their Sterling reported numbers.
If they vote to "Remain", I expect my BoI holding to increase in value.

Sorry if it came across unclear. I was referring to leave = no to Europe, and remain = yes to Europe.

Some extrapolation required for the other comments.

kerryjack

I am a bit nervous for my shares in kerry group at moment they seem to have taken a bit of a harmering in last few weeks don't know is it the brexit thing or just summer time slump

Sonnenblumen

kerryjack wrote: »

I am a bit nervous for my shares in kerry group at moment they seem to have taken a bit of a harmering in last few weeks don't know is it the brexit thing or just summer time slump

Kerry has been a phenomenal success story and with a PE of < 18.0, I wouldn't be too worried.

Francie Barrett

elastico wrote: »

Completely over hyped event. Nothing will change for anybody, I don't expect duty free to arrive back on the ferries any time soon.

Agree. I think people talking about trading after the result really don't have a clue what they are doing. On a daily basis, the markets are already pricing in the risk. You only need to look at the FTSE and sterling on Thursday for evidence of that.

Personally, I will do what I always do in these situations. Whenever I get a dip in the market, I will buy. We are incredibly lucky in that already cheap British financials are being punished by the Brexit uncertainty. In fact, I will even go as far as saying that the yearly low British banks hit as a result of the certainty, will be the low point for the year. I bought some Barclays at 158p and Aviva at 396p last Thursday topping up existing holdings, both are up nicely just two days later! I think once the British vote to remain these two in particular are going to surge, especially on the back of mid-year results, which I estimate will beat expectations. Even if Britain vote to leave, these are strong companies with decent underlying earnings that have been cleaned up since the crisis. I see very little downside.

For ever odd

Francie Barrett wrote: »

Agree. I think people talking about trading after the result really don't have a clue what they are doing. On a daily basis, the markets are already pricing in the risk. You only need to look at the FTSE and sterling on Thursday for evidence of that.

Personally, I will do what I always do in these situations. Whenever I get a dip in the market, I will buy. We are incredibly lucky in that already cheap British financials are being punished by the Brexit uncertainty. In fact, I will even go as far as saying that the yearly low British banks hit as a result of the certainty, will be the low point for the year. i bought some Barclays at 158p and Aviva at 396p last Thursday topping up existing holdings, both are up nicely just two days later! I think once the British vote to remain these two in particular are going to surge, especially on the back of mid-year results, which I estimate will beat expectations. Even if Britain vote to leave, these are strong companies with decent underlying earnings that have been cleaned up since the crisis. I see very little downside.

Aviva is trading in a tight range the last 3 weeks and both look like they are going to breakout over the next week or two. Don't know enough about the two to make an informed decision on which way they will break.


How did people fair out post Brexit? And what do you guys think will happen over the course of the next 12 months?