Just took a position at 3.60. I like to live dangerously. I do think a 'hard brexit' would cause severe and permanent loss of shareholder wealth, through large credit losses associated with a jump in unemployment. But I don't think the politicians will allow that to happen. The stakes are just too high. I expect that brexit will resolve itself smoothly, and CYBG should return to $5-$6 in the medium term.
Ann: CYBG PLC - First Quarter 2019 Trading Update, page-36
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