Ann: 3rd Quarter Trading Update, page-6

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Just_a_guy

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23/10/17

15:50

Post #: 28120695
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Originally posted by madamswer ↑

"It'll be interesting to see what next year's accounts look like. I suspect they'll be ok but uk consumers are getting smacked by the weaker pound. John Lewis just announced a 50% fall in profits with many other retailers such as next/safestyle also getting hit. People who thought brexit wouldnt hurt the uk economy were wrong."

@Fire Bull,

Investing on the basis of what extraneous factors, such as macroeconomic forecasts - which are outside of the company's controls - is a bit of a fool's errand, I have long-observed.

For starters, who can possibly know how Brexit negotiations will unfold. Besides, there are many self-moderating factors inherent in the performance of national economies; for example, the significantly-weaker value of the Pound since the Brexit news first broke has provided a competitive fillip to the UK's manufacturing sector, which is concentrated in the midlands and the northern parts of Britain.

And that area of the UK happens to coincide with the centre of gravity of CYB's banking operations - both retail and business banking.

Perceptions about any uncertainty felt by UK consumers is, I suspect, borne from a pretty London-centric view.

For the less affluent parts of the UK – i.e., just about everywhere outside of the SE of England - job security and income certainty would be a far more pressing issue, especially in the manufacturing sector.... whose competitive position in relation to the EU, and therefore the issues of job security and income certainty have, ironically, possibly been enhanced by the events surrounding Brexit, if anything.

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I know you like the ioof guys, but Jim, David and Ian at cybg are from my limited experience - the pinnacle of confidence inspiring leaders I've come across.

CYB Price at posting: $5.27 Sentiment: Buy Disclosure: Held
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Ann: 3rd Quarter Trading Update, page-6

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HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Sales growth pushes Lovisa's fortunes (and shares) upwards

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up