It will be invoked... markets will react accordingly. Long-term advise this morning from the big guns is to hold your existing position if you have one but dont increase your holding just yet. Price likely to fall by possible another 3 - 4 cent as this mess unfolds and the impact of Brexit on boi is fully realised... In other words... have patience folks.
Dear oh dear what a fine mess this country is in, you would imagine when they knew what was coming or was likely too, some planning would have been done.
They do not have a clue, Farage said that the E U was not laughing now, NO but the country is as this farce continues.
Our politicians are all brilliant, they must be, when they can charge the poor old tax payer about 200K a year for their services and then there are the greedy ones. The City is pre-eminent in financial matters, stuffed with experts who advise leading businesses like B H S and charge enormous fees for their services.
I'd just love to be able to float unseen around the boardrooms in the city and listen to the cries of foul when they talk about the electorate.
Perhaps if the businesses that they preside over were better run, Supermarkets (Morrisons) Fast food outlets and Service Stations not to mention a large number of Hotels - Jo public might have been in a better frame of mind. Working in some of these outlets can't have been easy when the accountants are always squeezing them for profits which are made at the expense of the business and the staff.
Remembering the demise of a lot of large company's in Sheffield and the misfortune that was visited on their employees and their pension funds - what I wonder became of Clery's pension fund when the business was forced to close.
Leamyk what makes you so sure it's heading to single figures? Sure.. I can see the .14 mark and it staying there for quite a while but sub .10 seems a bit far imo... There is lots more bad news to follow shortly in the media and sentiment will change as realisation sets in as to the full extent of the fallout of brexit reveals itself but I still don't see sub .10. The price is still being manipulated and quite a few will get badly burned by buying at the current price before the new bottom sets in. I'll bemail jumping back in at about .14 and be happy to sit it out.
The real problem here is weak sterling. Banks are propping up low margin retail businesses here at the moment that are now on a knife edge. Watch what happens to border towns over the next few months as long as the sterling slide continues and the contagion will start. Stay away from this share for the time being
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