Brexit is happening. Going to be devastating for certain aspects of the British economy and Irish economy. Prem Watsa is jumping out like a rat from a sinking ship. Before Brexit his boi portfolio at worst case scenario would have netted him 20% more profit than what he sold for. Boucher is after filling void left by willbur Ross on Euroban. He is next man to jump ship. BOI exposure to brexit is underestimated by most on this board.teens are coming fast.
Niw listen son, Brexit was ill-conceived and will be kicked down the road until it doesn't happen or gets water down so much as it won't matter anyway. What u son need to understand is Britian abandoned the commonwealth, now plans to abandon the EU and now revert back to commonwealth el al. Rule Britinia is a spent force with your Chinese nuclear stations and water works run by the French. Stop living in past glory... EU negotiators will rapidly kick UK into touch if it evem has the b@11s to trigger article 50, son!
Can't believe ppl are still suggesting that brexit isn't happening. Brexit is 100% happening. The value of the sterling is going to be comprised for 2-3 yrs if not more. Prem Watsa sold half his remaining share because he knows the difficulties coming BOI way. This share was pumped for last month just like every other Time they cashed in. This is heading back into the teens and dividend will be suspended to help book value. Watch this space.
To eu is to get its house in order. Ie . Stop economic migrants from africa and only let in genuine refugess . Sort out the greek crisis , and you just never know if the eu fixes their problems brexit just might never happen as 2 years is a long long time and the older people will be older! Also bank of ireland has to be given a dividend this year as its is very resistance to theresa maybe
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