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Brexit!, page-13

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24/06/16

16:07

Post #: 18116430
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Originally posted by Elliott_98 ↑

Don't top up mate, CYB is most exposed to the brexit it is already the most hit stock on the ASX today. CYB operates Clydesdale and Yorkshire banks, and gets 100% of its revenue in the UK. In my opinion this is the start of a long term decline for CYB.

"Among Australian-listed companies, CYBG (ASX:CYB) – the holding company which owns the Clydesdale and Yorkshire Bank in the UK has the largest UK exposure, according to the German bank".

My source is there.

https://news.markets/shares/asx-investors-keep-eye-brexit-polls-15066/

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Exposed to what exactly? There's at least 2 years until they actually leave the EU...

The only impact I can possibly see is currency. Given CYB operate wholly in GBP, the only impact is the exchange rate when valuating in AUD.

Feel free to correct me.

CYB Price at posting: $4.60 Sentiment: Hold Disclosure: Held
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